Regulation
SEC sues Chicago Crypto Capital for allegedly defrauding investors of $1.5M
Chicago Crypto Capital raised $1.5 million by issuing unregistered BXY tokens to investors during the 2018 ICO boom.
Christian Nwobodo 1 min read
North America Crypto News
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Top North America Stories
Regulation
US Treasury Department blacklists Bitcoin addresses linked to Iran ransomware group
The backlisted bitcoin addresses were linked to Nikaeen Ravari and Khatibi Aghada, who worked with the IRGC to develop and deploy ransomware that threatened the national security of the US.
Regulation
SEC Chair Gensler reiterates that ‘most crypto are securities’ before US banking committee
Gensler said crypto intermediaries, like centralized exchanges and DeFi, facilitating these securities transactions would have to register with the SEC.
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NFTs
New York museum plans to buy NFTs from art auction proceeds
Some of the art pieces likely to be sold include Pablo Picasso's "Guitar on a Table" and Francis Bacon's "Three Studies for a Portrait of Henrietta Moraes."
Regulation
US Treasury Department requiring US citizens to get a license for withdrawing assets from Tornado Cash
US citizens who had sent cryptocurrency to Tornado Cash but did not complete the mixing transaction before the sanctions can apply for a withdrawal license from the OFAC.
Partnerships
BitGo sues Galaxy Digital for $100M over broken merger agreement
After agreeing to acquire BitGo for $1.2 billion, Galaxy Digital backed out saying it never received BitGo's audited financials.
Macro
Bitcoin sinks as CPI inflation hits 8.3%, shortening odds of 3rd consecutive 75 bps hike
Bitcoin tanks on news that CPI inflation was up for August. The odds of another huge 75 bps hike increased as a result.
Politics
Trudeau says showing support for crypto is irresponsible leadership
Trudeau said he was ready to call out Pierre Poilievre's support for Bitcoin and criticism of inflation as irresponsible leadership.
Politics
Chamber of Digital Commerce urges SEC to approve Bitcoin ETF for US investors
The Chamber of Digital Commerce said that the SEC's failure to approve a spot bitcoin ETF is forcing U.S. investors to turn to more regulated regions.
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People
Bitcoin maxis bullish on new leader of Canada’s Conservative Party
Crime
US lawmakers warn that Facebook, Instagram are ‘becoming breeding ground’ for crypto scams
Hacks
Chainalysis helps US government seize $30M linked to Axie Infinity hack
Bankruptcy
