Binance Faces Class-action Lawsuit in Canada
Plaintiffs have filed a new class-action lawsuit against cryptocurrency exchange Binance in Canada, alleging that the company has violated local securities laws. On April 19, the Superior Court of Justice of Ontario issued a certification motion concerning a class-action lawsuit targeting Binance. The lawsuit charges Binance engaged in the unregistered sale of crypto derivative products […]
Fake Elizabeth Warren Letter on Crypto Tax Fools Crypto Users
A fake letter by Massachusetts Senator Elizabeth Warren suggesting a 1% tax on crypto holdings exceeding $500,000 has fooled numerous crypto users. The proposed anti-crypto policy appeared to deceive many social media users. An issue arises due to the forgery of the proposal’s enclosed letter. A presumably authentic letter from Senator Warren to U.S. President […]
X Payments Receives Money Transmitter License in Tennessee
X Payments has recently received a money transmitter license in Tennessee, increasing its reach to 25 states in the US. The acquisition of the Money Transmitter Licence in Tennessee by X Payments LLC represents a noteworthy achievement in the company’s progression into the financial sector. The organization now possesses licenses in twenty-five states due to […]
Hong Kong Regulator Advises Crypto Industry to Self-regulate
The Hong Kong Securities & Futures Professionals Association (HKSFPA) has advised the city’s crypto industry to establish a self-regulatory committee. “In an April 22 recommendation letter, the HKSFPA stated, “The Hong Kong financial market industry is overly focused on supervision, but there is no organization to maintain the industry’s overall development.” The administrative body then […]
Shiba Inu Raises $12M from Private Token Sale
Through a private token sale of its in-development TREAT utility and governance token, memecoin project Shiba Inu has raised $12 million. Spirit Dao, Cypher Capital, Shima Capital, Hercules Ventures, Animoca Brands, Morningstar Ventures, Woodstock Fund, DWF Ventures, Polygon Ventures, Stake Capital, Illuminati Digital Capital, Primal Capital, and DWF Ventures are among the investors, as stated […]