Coinbase Defies SEC Lawsuit, Vows to Continue Staking Services
Coinbase faces legal action from the SEC for operating as an unregistered securities exchange, broker, and clearing agency. The company also allegedly offered unregistered securities through its staking program. However, Coinbase’s CEO and Chief Legal Officer maintain that the exchange is compliant and will not cease operations. The Securities and Exchange Commission (SEC) issued a […]
Maharashtra Pioneers Blockchain-Based Caste Certificates
Gadchiroli, a district in Maharashtra, has launched a pilot project to issue caste certificates using the Polygon blockchain platform, which enables instant and tamper-proof verification. Traditional identity verification systems are susceptible to forgery and abuse. The project gives safe and clear caste certificates to Gadchiroli’s tribal people, who need them for government aid. The project […]
Consensus 2023: How to Protect Crypto Users After FTX Fiasco
A group of experts at Consensus 2023 discussed the pros and cons of self-custody and regulation for crypto assets in the wake of the FTX collapse. In December 2022, FTX filed for bankruptcy , revealing that it had only $900 million in assets and more than $9 billion in liabilities. Sam Bankman-Fried (SBF), the founder […]
Binance’s Gopax Acquisition Delayed by SEC Lawsuit
Binance’s plan to buy a South Korean crypto exchange Gopax faces regulatory hurdles due to the SEC lawsuit against the global crypto giant. In February 2021, Binance announced that it had acquired a majority stake in Gopax and that it was spending funds from its industry recovery initiative on the acquisition. Binance and its partners […]
Kim Kardashian Faces Lawsuit over EMAX Crypto Promotion
Kim Kardashian is facing a lawsuit for allegedly scamming investors by promoting the EthereumMax cryptocurrency without disclosing her compensation. EthereumMax (EMAX) is a cryptocurrency with no legal or business connection with Ethereum, despite its name. It is a large language model that can generate text for various tasks, such as writing creative stories, solving mathematical […]