CryptoNews

SEC Regrets Confusion Over 'Crypto Asset Securities' — Ripple and Coinbase Weigh In

September 16, 2024
Coinbase and Ripple legal chiefs, Paul Grewal and Stuart Alderoty, have criticized the U.S. Securities and Exchange Commission (SEC) for its inconsistent approach to classifying tokens as securities. Grewal referenced Footnote 6 in the SEC’s amended complaint against Binance, where the agency admitted creating confusion by labeling tokens as securities. He also pointed out the SEC’s…
Read more
CryptoNews

FBI Seizes Websites Linked to Crypto Recovery Fraud

September 16, 2024
The Federal Bureau of Investigation’s San Diego office has seized websites linked to three fraudulent cryptocurrency recovery services. The scam preys on victims of crypto fraud by promising recovery of lost funds, often charging significant fees without delivering…
CryptoNews

Brazil Police Bust $9.7B Crypto Rings, Use AI to Spot Tax Fraud

September 16, 2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazilian police dismantle $9.7 billion crypto laundering rings, Brazil uses an artificial intelligence (AI) tool to detect tax fraud linked…
CryptoNews

Coinbase Launches Wrapped Bitcoin for Ethereum and Base Networks

September 13, 2024
Coinbase has unveiled Coinbase Wrapped Bitcoin (cbBTC), giving users a gateway to decentralized finance (defi) apps on Ethereum and Base, using bitcoin (BTC). The cbBTC token is essentially a wrapped version of bitcoin, fully backed by BTC held in Coinbase’s custody. Coinbase Wrapped Bitcoin Opens New Defi Opportunities According to the San Francisco-based crypto exchange, cbBTC opens up new…
Read more
CryptoNews

Ramp Network Expands Crypto Services to All 50 US States

September 12, 2024
Ramp Network, a fintech company, has extended its cryptocurrency purchasing services to encompass all 50 U.S. states, including the District of Columbia. This growth, Ramp explained on Tuesday, broadens its user base by adding support for 17 more states, making it easier for users to buy and sell digital currencies. Ramp Network Covers 50 States, Boosting U.S. Crypto Onboarding Previously…
Read more
CryptoNews

FCA Files First Charges Against Unregistered Crypto ATM Operator in UK

September 11, 2024
The UK’s Financial Conduct Authority (FCA) has charged Olumide Osunkoya for operating unregistered crypto ATMs in the country. This case is significant as it represents the first prosecution under UK law for such activities. Osunkoya is accused of running a network of crypto ATMs that processed £2.6 million in transactions without registration, violating anti-money laundering regulations. The…
Read more