SEC Sues Binance and CEO for Alleged Securities Violations
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SEC Objects to Coinbase’s Role in Celsius Bankruptcy Distribution Plan

The U.S. Securities and Exchange Commission (SEC) and crypto exchange Coinbase have locked horns over the role that collapsed crypto lender Celsius wants the exchange to play as a distribution agent.  In a Friday filing, the top regulator said that Celsius’ plan to use Coinbase as a distribution agent for international customers “[goes] far beyond the services of a distribution…

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mBridge CBDC project preparing for new members, launch of minimum viable product
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mBridge CBDC project preparing for new members, launch of minimum viable product

Project mBridge may soon see significant expansion, according to Hong Kong Monetary Authority (HKMA) CEO Eddie Yue. He outlined the plans for the central bank digital currency (CBDC) project in a speech in Shanghai. Yue said tests have shown mBridge to provide faster, cheaper and more transparent cross-border payments. The project was initiated in 2021 with the participation of the…

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Hong Kong to tighten crypto regulation, Thailand to tax crypto overseas: Law Decoded
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Hong Kong to tighten crypto regulation, Thailand to tax crypto overseas: Law Decoded

Hong Kong regulators are looking to tighten the noose around the crypto market after arresting six individuals following allegations of fraud around an unlicensed crypto exchange, JPEX. The government intends to increase its efforts to inform investors and remind them only to utilize platforms granted Securities and Futures Commission licenses.  Meanwhile, Thailand’s Revenue Department plans to impose personal income tax…

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This Update Could Change Bitcoin Development Forever
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This Update Could Change Bitcoin Development Forever

“Libbitcoinkernel” is a far-reaching, in-progress face-lift of Bitcoin’s code that’s been flying under the radar, but is likely to make it easier for developers to experiment with changes to Bitcoin. The goal of the ambitious project is to untangle Bitcoin Core’s code—the main software underlying Bitcoin—so that much of the “security-critical” code is sliced out from the rest of it.…

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SEC raises concerns over Coinbase in objection to Celsius restructuring plan
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SEC raises concerns over Coinbase in objection to Celsius restructuring plan

The United States Securities and Exchange Commission (SEC) has filed an objection to Celsius Network’s reorganization plan based in part on the regulator’s own ongoing lawsuit with crypto exchange Coinbase. In a Sept. 22 filing in U.S. Bankruptcy Court for the Southern District of New York, the SEC filed a limited objection and reservation of rights over Celsius’ most recently…

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