Day: 5 January 2023

The U.S. Securities and Exchange Commission (SEC) has charged the founder of CoinDeal, Neil Chandran, and seven other individuals for their involvement in a fraudulent investment scheme that raised over $45 million through the sale of unregistered securities to thousands of investors worldwide.  The SEC filed the complaint with the ...

Coinbase's stock price rose significantly after it announced a settlement with the New York Department of Financial Services (NYDFS) for $100 million. According to Nasdaq data, Coinbase shares increased by 12.3% to $37.65 at 12:30 p.m. EST.  The news of the settlement caused the stock, which had fallen 5% the ...

Animoca Brands, a Hong Kong-based game software developer and venture capital firm, has announced its plans to create a $1 billion metaverse fund to support growing companies and startups in the Web3 industry.   The venture capital arm of Animoca will begin investing in 2023, with a focus on providing financial ...

Magic Eden, a Solana-based NFT marketplace, has announced that it will reimburse users who were duped into purchasing fraudulent NFTs on its website due to a recent attack. According to the team's tweet, the impact was limited to 25 unverified NFTs sold in four verified collections. Earlier today, unverified NFTs ...

The United States District Court for the District of Puerto Rico has ordered the detention of Avraham Eisenberg, the alleged perpetrator in the ongoing Mango Markets exploit case.  During a detention hearing, United States Magistrate Judge Bruce McGiverin determined that it was necessary to keep Eisenberg in custody due to ...

According to a report, the Hong Kong authorities have recently announced plans to issue a central bank digital currency (CBDC) as a stablecoin backed by the government. This move is seen as a significant step towards the adopting of new technologies, such as Web3, and is expected to bring various ...

Coinbase, a leading cryptocurrency exchange in the United States, has reached a settlement with the New York Department of Financial Services (DFS) for a total of $100 million. Under the settlement, Coinbase will pay a penalty of $50 million, the largest settlement ever reached between a cryptocurrency exchange and a ...

On Tuesday, a Chinese court made a ruling that could have significant implications for the cryptocurrency and gaming industries. The court's decision stated that investments in Play-to-Earn (P2E) games, also known as "idle games," powered by cryptocurrency are not legally protected.  This ruling has caused concerns among many investors and ...

The Israeli Securities Authority (ISA) has proposed a framework for regulating digital assets, with over 150 digital asset companies operating in the country and local investors showing increased interest. The proposal suggests amending the country's laws to include digital assets under existing securities laws, potentially classifying most cryptocurrencies as financial ...