A court has found Bit Trade offered a product without following design and distribution obligations and acted as a credit facility, in violation of Australian laws. Source: https://cointelegraph.com/news/asic-wins-case-against-crypto-exchange-operator-bit-trade?utm_source=rss_feed&utm_medium=rss%3F1724394098609&utm_campaign=rss_partner_inbound
Month: August 2024
Australian regulator claims win over Kraken’s Bit Trade in federal court
A court has found Bit Trade offered a product without following design and distribution obligations and acted as a credit facility, in violation of Australian laws. Source: https://cointelegraph.com/news/asic-wins-case-against-crypto-exchange-operator-bit-trade?utm_source=rss_feed&utm_medium=rss%3F1724394026490&utm_campaign=rss_partner_inbound
Bitcoin must ‘clear resistance’ at $62K to avoid another ‘Black Monday’
Bitcoin is at a critical junction; if it fails to hit $62,000 and hold there, it could drop below $50,000, according to analysts from Kraken. Some aren’t so pessimistic. Source: https://cointelegraph.com/news/bitcoin-price-resistance-level-crypto-black-monday-kraken-crypto-update?utm_source=rss_feed&utm_medium=rss%3F1724393678803&utm_campaign=rss_partner_inbound
2 pig butcher busts: Feds recover $5M, ex-Kansas bank CEO jailed
United States prosecutors announced nearly $5 million worth of Tether (USDT) has been seized from a crypto scammer, while in Kansas, a former bank CEO is going to jail for embezzlement. Source: https://cointelegraph.com/news/crypto-pig-butcher-busts-see-5-m-recovered-former-bank-ceo-jailed?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin must ‘clear resistance’ at $62K to avoid another ‘Black Monday’
Bitcoin is at a critical junction; if it fails to hit $62,000 and hold there, it could drop below $50,000, according to analysts from Kraken. Some aren’t so pessimistic. Source: https://cointelegraph.com/news/bitcoin-price-resistance-level-crypto-black-monday-kraken-crypto-update?utm_source=rss_feed&utm_medium=rss%3F1724393348206&utm_campaign=rss_partner_inbound
Bitcoin must ‘clear resistance’ at $62K to avoid another ‘Black Monday’
Bitcoin is at a critical junction; if it fails to hit $62,000 and hold there, it could drop below $50,000, according to analysts from Kraken. Some aren’t so pessimistic. Source: https://cointelegraph.com/news/bitcoin-price-resistance-level-crypto-black-monday-kraken-crypto-update?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin must ‘clear resistance’ at $62K to avoid another ‘Black Monday’
Bitcoin is at a critical junction; if it fails to hit $62,000 and hold there, it could drop below $50,000, according to analysts from Kraken. Some aren’t so pessimistic. Source: https://cointelegraph.com/news/bitcoin-price-resistance-level-crypto-black-monday-kraken-crypto-update?utm_source=rss_feed&utm_medium=rss%3F1724393099827&utm_campaign=rss_partner_inbound
Crypto law firm loses appeal to force SEC’s hand on Ether classification
Hodl Law sued the SEC in 2022, claiming it could face the regulator’s ire for using Ethereum and wanted a court to force it to decide if ETH is a security. Source: https://cointelegraph.com/news/hodl-law-court-loss-challenging-sec-eth-security?utm_source=rss_feed&utm_medium=rss%3F1724392957581&utm_campaign=rss_partner_inbound
Crypto law firm loses appeal to force SEC’s hand on Ether classification
Hodl Law sued the SEC in 2022, claiming it could face the regulator’s ire for using Ethereum and wanted a court to force it to decide if ETH is a security. Source: https://cointelegraph.com/news/hodl-law-court-loss-challenging-sec-eth-security?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
OmegaPro co-founder arrested over $4 billion crypto scam
Andreas Szakacs, the co-founder of OmegaPro was arrested in Turkey in relation to his alleged involvement in a multi-billion-dollar crypto scheme. Source: https://cointelegraph.com/news/omegapro-ceo-arrested-over-4-billion-crypto-scam?utm_source=rss_feed&utm_medium=rss%3F1724392708184&utm_campaign=rss_partner_inbound