CFTC Targets DeFi Platforms For Illegal Crypto Derivatives Trading
The US CFTC identifies three DeFi platforms that facilitated illicit trading of digital asset derivatives and violated agency rules. The U.S. Commodities and Futures Trading Commission, has taken enforcement actions against three decentralized finance (DeFi) firms for the alleged illicit trading of digital asset derivatives. On Thursday, September 7, the CFTC charged three DeFi firms […]
DCG Accused of Early Knowledge on Genesis, FTX, and 3AC
Digital Currency Group (DCG) is accused of having advanced knowledge of the bankruptcy situations of Genesis, FTX, and 3AC. In a startling turn of events that sent shockwaves through the cryptocurrency community, the founder of X3, Andrew, made shocking claims against Digital Currency Group (DCG) on X (Twitter). In Andrew’s tweet, DCG is accused of […]
Thodex Crypto Exchange CEO Sentenced to 11,196 Years
Faruk Fatih Ozer, the CEO of Thodex, was sentenced to 11,196 years in prison for offenses such as fraud and money laundering. A Turkish court sentences Faruk Fatih Ozer, CEO of the Turkish cryptocurrency exchange Thodex, to 11,196 years in prison for multiple offenses, including fraud, leading a criminal organization, and money laundering. The largest […]
SIBAN: Nigeria’s Web3 Education Aims to Fix Language Hurdles
The COO of the blockchain education platform Bitkova Academy, Bello Usman Abdullahi, Identifies Language Barrier as a Key Challenge. Even though Nigeria has a high level of blockchain and cryptocurrency awareness, the country still needs to confront public education challenges. At the Stakeholders in Blockchain Technology Association of Nigeria’s (SIBAN) Digital Assets Summit 2023, conducted […]
IMF And FSB Release G20 Crypto Asset Regulation Paper
Financial Stability Board (FSB), the G20’s risk monitor, and IMF published a paper for the G20 Summit recommending crypto regulations. Thursday, the International Monetary Fund (IMF) and the Financial Stability Board (FSB) issued a paper containing policy recommendations and regulatory standards for cryptocurrencies. India’s G20 Presidency requested that the IMF and FSP construct policy and […]