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SEC and feds charge man over $200M crypto trading scheme

The US Securities and Exchange Commission and federal prosecutors have charged a man they allege created a crypto scheme that swindled 90,000 people out of $200 million in the hopes of earning returns from Bitcoin and forex trading. The SEC said on April 22 that it had charged Ramil Palafox, a dual citizen of the […]

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Australia’s top court sides with Block Earner, dismisses financial regulator's suit

The Federal Court of Australia has sided with fintech firm Block Earner in an appeal against a ruling that found it was required to hold a financial services license for its now-discontinued crypto-related products.  Block Earner’s crypto-linked fixed-yield earning product is not a financial product, or a managed investment scheme, and is not a derivative […]

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Former SEC Chair Jay Clayton sworn in as interim US attorney for Manhattan

Former SEC Chair Jay Clayton confirmed that he has been appointed as the interim US Attorney for the Southern District of New York after the Democratic Party’s Senate leader used a “blue slip” to block a vote confirming Clayton’s position. The appointment comes a little over five months after US President Donald Trump nominated Clayton […]

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US dollar, stocks tumble and crypto gains as Trump amps up pressure on Fed

Crypto markets avoided the fallout caused by US President Donald Trump’s latest salvo against Federal Reserve Chair Jerome Powell, which saw the US stock market slump and the dollar continue to weaken over uncertainty. Stock markets across the United States ended April 21 in the red, with the S&P 500 dropping 2.4%, the tech-heavy Nasdaq […]

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WazirX confirms restart on track as it awaits sanction hearing in May

Indian crypto exchange WazirX, which was hacked for $234 million last July, says it is on track to restart its operations pending a May 13 court decision on its restructuring proposal and user compensation plan.  If Singapore’s High Court gives the nod, WazirX parent company Zettai PTE Ltd can restart the exchange and begin its […]