Initially, the SEC, led by attorney Michael Welsh, had convinced the court to freeze DEBT Box’s assets, arguing the company was moving to Dubai, beyond U.S. regulatory reach. United States District Judge Robert Shelby has cautioned the Securities and Exchange Commission (SEC) lawyers, hinting at possible sanctions due to purportedly deceptive statements in a legal…Read More

The Securities and Exchange Commission is suing Kraken for selling cryptocurrencies, but it looks like a recycled version of a losing lawsuit. The legal duel between the United States Securities and Exchange Commission (SEC) and Kraken, a leading cryptocurrency exchange, looks like another misguided attempt by the SEC to exert control over an industry that…Read More

Acting President Claudia Rodríguez de Guevara, the first female head of state for El Salvador, took office on Dec. 1 and is expected to serve until June 2024. El Salvador President Nayib Bukele, who was behind legislation recognizing Bitcoin (BTC) as legal tender in the country, has stepped down from office to campaign.On Dec. “Current…Read More

Tether will build renewable energy facilities in Uruguay and El Salvador, the new CEO told Cointelegraph. Paolo Ardoino became CEO of Tether on Dec. His appointment was planned well in advance and comes as the company is prioritizing diversification and expansion. It’s a good time for the company. “As we are going to show in the…Read More

Ethereum’s price rally toward $2,100 is driven by new developments in the layer-2 space and investors’ anticipation of a spot BTC ETF. Ether (ETH) is trading higher on Dec. Ether 12-hour price index, USD. Source: TradingViewHowever, the current positive momentum is supported by several factors, including applications for spot ETFs and the expansion of Ethereum’s…Read More

The former FTX CEO was found guilty of seven felony charges on Nov. 2, for which he could face up to 115 years in prison. Following his conviction on federal fraud charges on Nov. 2, former FTX CEO Sam “SBF” Bankman-Fried will not pursue any post-trial motions.In a Dec. 1 letter to Judge Lewis Kaplan…Read More

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Binance reportedly notified its top market makers in September that a settlement with U.S. Binance reportedly gave top market makers heads-up about DOJ settlementCrypto exchange Binance reportedly…Read More

Law firm Cadena Legal said that the guidance released by the Australian Taxation Office is “non-binding” and must be treated as “toilet paper.” Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The hacker who stole over…Read More

Bitcoin price is up today as traders push BTC to a 2023 high at $38,800 and new information about potential spot BTC ETF approvals emerges. Bitcoin (BTC) price is up today, topping $39,000 for the first time in over a year. The rally comes as traders’ bullish bias for Bitcoin produced the best November performance…Read More

Though many filings in the SEC case were made under seal, Judge Jed Rakoff reportedly suggested that nothing would remain confidential should the matter go to trial. Lawyers representing the United States Securities and Exchange Commission and Terraform Labs and co-founder Do Kwon sparred in court over information provided by a whistleblower in the securities…Read More