Footprint Analytics · 9 hours ago · 5 min read
Crypto NFT unicorn Sorare hit by UK regulators over operating a ‘gambling’ platform
The United Kingdom Gambling Commission, the country’s premier gambling watchdog, has launched an investigation into cards trading platform Sorare, said a notification released Monday. The commission alleged Sorare offered and operated an unregistered gambling platform targeted towards UK citizens.
Over 20 crypto firms leave China because of ban
The effect of China’s crypto ban on the country’s digital asset economy is profound as new statistics have revealed that at least 20 crypto-related firms have been forced to either suspend their services to Chinese users or close off their businesses entirely.
XRP holders won’t join as defendants in the SEC vs. Ripple case
US District Judge Analisa Torres ruled on Monday that a group of individuals who own XRP can offer their “meaningful perspective” in the US Securities and Exchange Commission’s (SEC) case against Ripple, despite denying their motion to intervene as defendants.
The US SEC is investigating crypto firm Circle over USDC product
The United States Securities and Exchange Commission is investigating crypto payments company Circle.
Altcoin exchange Kucoin to cease China operations amid regulatory woes
It appears centralized exchanges are the most affected in China’s new ban on crypto trading as another exchange, KuCoin, has advised its China’s mainland users to move their digital assets to another platform before the end of the year.
Nigeria suspends launch of ambitious e-naira project
The apex bank of Nigeria has announced the postponement of the launch of the country’s CBDC project, eNaira.
How do the recent U.S. treasury sanctions impact crypto accessibility?
On September 21, the US Treasury Department announced that it will sanction a crypto exchange for its role in facilitating financial transactions for ransomware actors.
U.S Senate candidate proposes Fort Nakamoto as a strategic Bitcoin reserve
The COO of VC firm Thiel Capital and U.S Senate candidate Blake Masters wants to set up “Fort Nakamoto” – a “strategic reserve of Bitcoin,” which he likened to Fort Knox and gold.
‘Binance has no business in China,’ notes Changpeng Zhao amidst crypto crackdown
It is no longer news that China has declared all crypto-related trading illegal within its jurisdiction.
Just 10 Korean crypto exchanges have registered with the government ahead of deadline
With the clock ticking down on crypto exchanges operating in South Korea, available information on the leading financial regulator’s website shows that only ten of these crypto firms have been able to successfully register with the authorities.
SEC Chair Gensler responds to Coinbase allegations of failing to provide crypto clarity
Speaking on CNBC, SEC Chair Gary Gensler responds to claims made by Coinbase CEO Brian Armstrong that his organization refused to provide clarity and threatened legal action.
SEC chair Gary Gensler says stablecoins are like ‘casino chips’
In his latest remarks about cryptocurrencies, the United States Securities and Exchange Commission chair, Gary Gensler, has compared stablecoins to instruments for gambling at old-timey casinos.
Cardano’s Charles Hoskinson heads to Washington DC to sort out Infrastructure Bill
The Cardano founder, Charles Hoskinson, will be speaking live from warm sunny Washington DC to enlighten legislators and officials on the impact of the Infrastructure Bill on the blockchain industry.
Ripple (XRP) has no plans to settle SEC lawsuit. It’s prepared to go to trial
Ripple plans to take the ongoing Securities and Exchange Commission (SEC) lawsuit all the way to trial, saying it does not intend to settle with the regulator.
Binance suspends futures, options trading in Australia amidst regulatory troubles
In its latest attempt to be more regulatory compliant, Binance has announced that it would not be able to offer its users in Australia access to futures and options trading.
Coinbase cancels lending product due to SEC threat
Brian Armstrong-led crypto exchange, Coinbase, has abandoned its proposed plans to launch a crypto lending product, which the United Securities and Exchange Commission (SEC) has argued is a violation of its securities law.
Coinbase scores $1.3 million deal with US government even after SEC alarms
Coinbase, the largest crypto exchange in the United States has been able to secure a new deal with the United States’ Immigration and Customs Enforcement (ICE) office which would see it use its Coinbase Analytics tool for undisclosed purposes.
Binance reportedly under investigation in the US for insider trading
Binance, the world’s largest cryptocurrency exchange, is under a fresh investigation by United States Commodity Futures Trading Commission (CFTC) for possible insider trading and market manipulation.
Binance is finally getting a headquarter as regulators slam ‘decentralized’ workspaces
After facing a ton of regulatory scrutiny about its lack of a physical headquarters anywhere in the world, Changpeng Zhao, the CEO of Binance, the largest crypto exchange by trading volume, has revealed that the exchange would be embracing a centralized headquarters sometime soon.