The U.S. Securities and Exchange Commission (SEC) has imposed a $38 million fine on Digital Currency Group (DCG), accusing the company of negligence in misleading investors about the financial stability of its subsidiary, Genesis Global Capital (GGC).
The U.S. Securities and Exchange Commission on Friday said Digital Currency Group Inc. and the CEO of its now-defunct subsidiary Genesis Global Capital LLC have agreed to pay a combined $38.5 million in civil penalties to settle charges they misled investors about Genesis's financial condition.
Through a post on X, CryptoQuant CEO Ki Young Ju has said he dislikes the notion that the incoming US administration is considering other coins in its proposed Bitcoin strategic reserve holdings. He urges the US government to limit its digital asset reserve to only BTC.
Once finalized, the license will let Crypto.com operate across the EU under a unified regulatory framework.
Lewellen argues prosecuting software architects for publishing code violates the First Amendment's free speech protections.
Wintermute predicts stablecoins driving integration with traditional finance by 2025, fueled by ETF growth and corporate digital asset use. The post Wintermute forecasts stablecoins driving deeper integration with Tradfi in 2025 appeared first on Crypto Briefing.
Lummis accuses FDIC of destroying crypto-related documents and silencing staff. The senator demands transparency and warns of criminal referrals for obstruction.
Bitcoin (BTC) and Ethereum (ETH) trading volumes shifted to the US market, with a spike of activity correlating with the opening hours of US stock markets.
Digital Currency Group and former Genesis CEO Michael Moro will settle charges with the SEC over charges that the firms misled investors.
The US Securities and Exchange Commission (SEC) initiated enforcement actions against Digital Currency Group (DCG) and its subsidiary Genesis on Jan. 17. The regulator ordered DCG to pay a $38 million civil penalty and comply with a cease-and-desist order to prevent future violations of securities laws.
SEC charges DCG, Genesis, and executives for fraud after 3AC collapse, alleging misleading claims, hidden insolvency, and investor losses. The post SEC targets DCG and Genesis executives for fraud over 3AC fallout appeared first on Crypto Briefing.
The SEC filed cease-and-desist proceedings against Digital Currency Group (DCG) today and fined the company $38 million. The agency has further fined former Genesis CEO Soichiro “Michael” Moro $500,000.
The US Securities and Exchange Commission (SEC) has filed a lawsuit against Digital Currency Group (DCG) for allegedly misleading investors. According to the markets regulator, the firm failed to disclose the extent of its exposure to Three Arrows Capital (3AC), the defunct hedge fund, thus, exposing investors.
Macro investor and asset manager Dan Tapiero explains how Trump's policies and the DOGE initiative might fuel explosive crypto growth.
Crypto.com has obtained an in-principle MiCA license, bringing the firm closer to full regulatory compliance across the European Union.
Digital Currency Group agreed to settle and pay $38 million to the SEC on Friday over allegations that it misled investors.
Cryptocurrency venture capital giant Digital Currency Group (DCG), which is helmed by "crypto king" Barry Silbert, has been charged by the U.S. Securities and Exchange Commission (SEC) has been charged for misleading investors, according to a Friday filing.
A cryptocurrency trader made a significant mistake after purchasing 46.5 million tokens of the rapidly gaining AI-related cryptocurrency AGiXT for $1,756. This investment, worth less than $1,800, was made when the token was on the token launch platform Pump.fun.
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Some industry insiders who spent millions to support the US president-elect's party and fund his inauguration will likely have a good view of the Capitol Building on Jan. 20.
Orbiter Finance to airdrop 40% of its OBT tokens as it eyes going live on January 20.
The action means that Crypto.com will receive the full MiCA license soon.
The donation will aid current relief efforts by Los Angeles firefighters while equipping them for potential future emergencies. $1 Million Donation to Support Los Angeles Wildfire Response Crypto.com has announced a donation of $1 million to support the Los Angeles wildfire relief efforts.
MiCA approval enables the firm to enhance EU services under a regulatory framework. Founded in 2016, the company serves 100 million users.
New narratives and challenges in the crypto landscape of 2025
We recently covered an article highlighting the growing trends of crypto crimes and attacks. Statistics show that attacks on crypto platforms wiped off more than $3 billion in 2024 alone.
This success follows a year of explosive growth for the exchange, with crypto trading volumes tripling and contributing 25% to overall revenue. The post Boerse Stuttgart Becomes First German Crypto Provider to Receive MiCA License appeared first on Cryptonews.
As Donald Trump prepares to take office, the crypto industry enjoys unprecedented support in Washington — but could partisan bickering spoil its chances?
President-elect Donald Trump's pick for Treasury Secretary does not think that the US needs to launch a central bank digital currency (CBDC). During his nomination hearing on Thursday, Scott Bessent told the Senate Finance Committee that, unlike other countries, the US will not gain much from rolling out a digital dollar.
Boerse Stuttgart Digital has become the first German firm to secure a license as a crypto-asset service provider under the European Union's Markets in Crypto-Assets regulations.
Your resume tells the story of your past experiences, your accomplishments, and paints a vivid picture in the mind of the reader.
PumpFun Corp is facing allegations of running cryptocurrency pump-and-dump schemes. On Thursday, Kendall Carnahan, CEO of Sooner Payments, filed a lawsuit in a New York court, accusing the company of working alongside influencers to issue unregistered securities, described as Ponzi schemes.
The Supreme Court has ruled to uphold the TikTok ban.
Coinbase has launched a new service allowing users to borrow up to $100,000 in USDC by using Bitcoin as collateral.
DeFi fragmentation hinders adoption, but chain abstraction at the account level could fix fragmentation
Michael Lewellen, a blockchain developer, has sued the U.S. Department of Justice, alleging the agency was overly broadening its analysis of federal money transmission laws and criminalizing crypto development. The lawsuit, filed Thursday, aims to block the prosecution of his decentralized crowdfunding platform, Pharos.
Orbiter Finance has officially unveiled its native governance and staking token, OBT, with plans for an initial airdrop set for Jan. 20.
Binance has actively sought global regulatory approvals amid the changing cryptocurrency regulatory landscape in the past years.
TL;DR SoSoValue will distribute 49 million SOSO tokens, representing 4.9% of its total supply, in its first airdrop season. The event will consist of three parts: Bybit's Launchpool, a Proof of Work (PoW) program, and Proof of Stake (PoS) rewards.
Ahead of the pro-crypto administration, disturbing crypto news arose of US Senator Cynthia Lummis' allegations accusing the FDIC of destroying documents related to digital assets. What is that about?
Crypto investors and commentators are hopeful ahead of Trump's inauguration, anticipating innovation-friendly regulations from his first day in office.
After a rough couple of weeks, $BTC fans have cause for celebration as Bitcoin reclaimed that sweet $100K spot on January 16. The rest of the crypto market kept up the pace and today, the market's awash in green.
Orbiter Finance, a prominent Layer-2 (L2) scaling solution, and Anime, an Azuki-linked project , have revealed their Token Generation Event (TGE) dates, both slated for the same week.
Michael Lewellen sued the DOJ to clarify that his non-custodial crowdfunding software, Pharos, does not violate money-transmitting laws.
Upbit, one of South Korea's largest cryptocurrency exchanges, faces a potential six-month suspension for alleged KYC violations involving hundreds of thousands of breaches.
BeInCrypto recently had the exclusive opportunity to sit down with Gracie Lin, the CEO of OKX Singapore (OKX SG), for an in-depth discussion on the company's achievements in 2024 and its strategic direction for 2025.
Gate.io SOLV spot trading will go live on January 17th, 2025, at 18:00 (UTC+8). Once trading begins, users will be able to stake SOLV tokens to earn high returns.