KuCoin exchange pleaded guilty to operating an unlicensed money-transmitting business, agreeing to pay a $300 million settlement.
The rise of Chinese AI firm DeepSeek has led to a surge in scam tokens impersonating the company, with over 75 fraudulent tokens created.
One of the world's biggest cryptocurrency exchanges, KuCoin, has pleaded guilty to violating US regulations by operating an unlicensed money transfer business.
Crypto exchange KuCoin has admitted guilt in a US legal case, where it was accused of operating as an unlicensed money transmitter.
The National Football League Players Association's lawsuit came a few weeks after DraftKings closed its NFT marketplace in July.
KuCoin was used to launder billions in proceeds from darknet markets, malware, ransomware and fraud schemes, U.S. Attorney Danielle R. Sassoon said in a statement.
Pro-crypto Bessent will help develop a crypto regulatory framework as part of a presidential working group created last week.
Tuttle Capital filed for ETFs betting on memecoins, including from Donald and Melania Trump, in a move that analysts say will test Trump-era regulatory limits.
Blockchain interoperability pioneer Analog has raised $5M in its latest funding round, bringing its total funding to $21M. The raise, supported by major investors like Tribe Capital, Balaji Srinivasan, Wintermute, and Mask Network, underscores growing confidence in Analogs vision to streamline cross-chain interaction and web3 data accessibility.
Senator Cynthia Lummis announced the first-ever Senate Digital Assets Subcommittee, comprising eight bipartisan members, to focus on crypto regulation.
KuCoin pleaded guilty to operating unlicensed in the US, agreeing to pay nearly $300m in fines and exit the market for at least two years. The post KuCoin Pleads Guilty to US Charges Over Unlicensed Operations with $300M Fine appeared first on Cryptonews.
Kucoin's guilty plea exposed billions in illicit transactions, with $297M in penalties and a forced U.S. exit as the DOJ links it to darknet crimes. Kucoin Guilty Plea: DOJ Uncovers Billions in Suspicious Crypto Transactions The U.S. Department of Justice (DOJ) announced on Monday that Peken Global Ltd.
On Jan. 28, KuCoin pleaded guilty to a United States judge for failing to implement proper anti-money laundering protocols and will now have to pay $297 million in fines.
The U.S. Senate has confirmed Scott Bessent as the new Treasury Secretary, cementing a leadership change in President Donald Trump's administration. Known for his crypto-friendly stance, Bessent's confirmation marks a pivotal moment for digital assets and broader financial policy under the Trump administration.
As US Treasury secretary, billionaire hedge fund manager Scott Bessent will have sway over fiscal policy, financial regulations, international sanctions and overseas investments.
Wrapping up a week that signaled a bullish second Trump administration for US-led cryptocurrency development, Eric Trump released a statement confirming U.S.
More than one in five Russians trade or hold meme coins, a new survey has found, as the popularity of “hype”-generated tokens spreads globally. The post Over One in Five Russians Trade Meme Coins, Survey Finds appeared first on Cryptonews.
Over the weekend, the outstanding qualities of China's AI startup, DeepSeek became apparent, and it sent shockwaves through the AI status quo in the west. The open-source model was first released in December when the company said it took only two months and less than $6 million to create.
KuCoin admitted to operating an unlicensed money transmitting business and will pay nearly $300 million in fines and forfeiture.
Cryptocurrency exchange KuCoin will exit the U.S. market for at least two years after its operator, Seychelles-based Peken Global Limited, pleaded guilty Monday (Jan. 27) to one count of operating an unlicensed money transmitting business.
Kucoin and its founders pay nearly $300 million to settle with the US Department of
In a significant development for crypto regulation, Senator Cynthia Lummis announces the formation of a specialized Senate Banking Subcommittee, bringing together eight senators to oversee digital asset policies.
“By leveraging PIX QR codes and multi-currency support, Bybit Pay offers a seamless, secure, and flexible solution tailored to the evolving needs of our users,” said Joan Han, Sales and Marketing Director at Bybit.
OpenSea has launched access to OS2, with only Gemesis NFT holders permitted to access the platform.
Ki Young Ju envisions memecoins transforming into a legitimate crypto segment by 2030, despite current volatility.
Caroline Pham, Acting Chair of the Commodity Futures Trading Commission (CFTC), has announced plans to hold a series of public roundtable discussions to gather input on various market issues, including those related to crypto.
Acting Chairman of the Commodity Futures Trading Commission (CFTC) Caroline Pham unveiled plans to launch a series of public roundtables aimed at addressing emerging challenges and opportunities in market structure and innovation.
Brian Armstrong, CEO of Coinbase expressed his frustrations with the current listing process and suggested potential improvements that may mitigate the torrent of daily listing requests Coinbase receives. Coinbase Might Overhaul Its Listing Process U.S.
The South Korean crypto community is facing a tense Lunar New Year break, experts are claiming, as the year's longest holiday coincides with a key time for Bitcoin (BTC) and altcoin markets. The post South Korean Crypto Investors Face ‘Nail-biting' Lunar New Year Conundrum appeared first on Cryptonews.
KuCoin, one of the world's largest cryptocurrency exchanges, pleaded guilty on Monday to operating an unlicensed money transmitting business, and agreed to more than $297 million in fines and forfeiture, the U.S. Department of Justice said.
The new Treasury Department chief didn't bring up crypto policy at his nomination hearing, but he'll have enormous reach into topics vital to the industry.
Crypto asset manager CoinShares says institutional investors poured billions into digital asset investment vehicles last week following Trump's executive orders directed at the industry. In its latest Digital Asset Fund Flows report, CoinShares says that institutional crypto investment vehicles raked in nearly $2 billion last week alone. “Digital asset investment products saw inflows totaling US$1.
SoFi's approach will depend on regulatory clarity stemming from President Donald Trump's administration, according to its CEO Anthony Noto.
KuCoin pled guilty to federal charges today, acknowledging it operated an unlicensed money-transmitting business. Founders Chun Gan and Ke Tang will avoid prison but have to pay nearly $300 million in fines.
The CFTC will get back to basics by hosting staff roundtables that will develop a robust administrative record with studies, data, expert reports, and public input.
KuCoin founder Michael Gan revealed Monday he has relinquished all roles at the company as part of a settlement agreement.
This bearish trend coincided with several macroeconomic factors that triggered panic over upcoming price volatility.
Malicious “DeepSeek” tokens have surged in the past 24 hours, underscoring scammers' mobility in reacting to current events.
Bitwise CIO Matt Hougan has addressed the ongoing crypto market crash, providing insights into historical patterns and potential recovery trends. His remarks come as Bitcoin, Ethereum, and other leading cryptocurrencies experience sharp declines, prompting widespread investor concern.
KuCoin pleads guilty to US charges of operating an unlicensed money-transmitting business, agreeing to $300M in fines and forfeitures. The post KuCoin pleads guilty to operating unlicensed business paying $300M in fines appeared first on Crypto Briefing.
Anthony Noto, SoFi CEO, discusses wanting to offer cryptocurrency again through the platform if regulation changes allow for it.
Cryptocurrency exchange KuCoin has pleaded guilty to operating an unlicensed money transmitting business, as reported by Bloomberg. KuCoin Agrees To Hefty Fines The plea was made before US District Judge Andrew Carter in Manhattan, who imposed a substantial penalty on KuCoin.
KuCoin has pleaded guilty to U.S. criminal charges related to operating an unlicensed money-transmitting business.
Rosseti, Russia's electric grid operator, is exploring crypto mining to utilize electricity from power plants with low consumption. This could involve building mining centers and potentially coordinating their placement nationwide. Boosting Rosseti's Revenues The Russian electric grid operator, Rosseti, is reportedly interested in establishing crypto mining centers powered by power plants with low utilization rates.
Base expanded its app activity by 129%, boosted by renewed interest in DeFi. Morpho Labs and Uniswap were among the most actively used on-chain features.
Mode has introduced Synth, its AI-based prediction tool built on Bittensor.
The Brazilian market now offers Bybit Pay through Bybit crypto exchange. Users can perform instant transactions between Brazilian fiat currency and crypto through the integration with PIX payment system.
Crypto trading platform Kucoin has pleaded guilty to unlicensed money transmitter offenses filed by the United States Department of Justice (DOJ). This plea marks the biggest shift in the lawsuit which also implicates its co-founders Chun Gan and Ke Tang.