Kraken Loses Bid to Dismiss SEC Charges

Kraken, a popular cryptocurrency exchange, has been dealt a blow in its legal battle with the Securities and Exchange Commission (SEC). A judge has rejected Kraken’s attempt to dismiss the SEC’s claims that the exchange violated securities laws by operating without proper registration. What’s the Issue? The SEC alleges that Kraken was acting as an…

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Kraken in Hot Water: SEC Lawsuit Moves Forward

Kraken, a major cryptocurrency exchange, is facing a major legal hurdle. A California judge has ruled that the US Securities and Exchange Commission (SEC) can move forward with its lawsuit against the company. SEC’s Claims The SEC claims that Kraken has been operating an unregistered securities exchange. They argue that certain crypto tokens sold on…

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Crypto Scam Kingpin Extradited From Thailand

Chinese authorities have extradited a man suspected of running a massive $14 billion cryptocurrency pyramid scheme. This marks the first time China has extradited someone for an economic crime from Thailand. The Case of Zhang Moumou Zhang Moumou, the alleged mastermind behind the scheme, was extradited from Thailand as part of China’s “Operation Fox Hunt.”…

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Bitcoin: Is the Selling Pressure Fading?

Bitcoin is showing signs of a potential rebound, with several on-chain metrics pointing towards a positive future. These metrics, which often predict price movements, are suggesting a shift in market sentiment. Exchange Inflows Dropping One of the key indicators is the amount of Bitcoin flowing into and out of exchanges. Recently, there’s been a sharp…

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Two US Banks Hit by Data Breaches, Thousands Affected

Sensitive Information at Risk Two US banks, TD Bank and Summit National Bank, have reported data breaches affecting thousands of customers. The incidents, which occurred between last fall and this spring, involved the potential exposure of highly sensitive personal information. Summit National Bank: 10,912 Customers Impacted Wyoming-based Summit National Bank discovered suspicious activity in May…

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