Crypto exchange Gemini and venture capital firm Digital Currency Group (DCG) are facing a lawsuit filed by New York Attorney General Letitia James, alleging the companies defrauded customers of $1.1 billion. The lawsuit, filed Thursday (Oct. 19), accuses Gemini and DCG’s Genesis Global Capital unit of not disclosing the risks...
Crypto’s reputation as a lawless, “Wild West,” was touted by enthusiasts as a positive. Now, as the U.S. Securities and Exchange Commission (SEC) and its head Gary Gensler aim for the sector’s jugular with lawsuits against Coinbase and Binance, two of the industry’s largest players, a decade-plus...
Nigeria’s securities regulator says a company called Binance Nigeria Limited is operating illegally in the country. Binance, the world’s largest cryptocurrency exchange, tells PYMNTS this company being target by the Nigerian Securities and Exchange Commission (SEC) in a circular last week has nothing to do...
The Securities and Exchange Commission (SEC) ’s groundbreaking lawsuit against Coinbase Global Inc. could eventually end up at the Supreme Court. The lawsuit filed this week has the potential to let the U.S. Supreme Court decide if digital assets count as securities, a decision that could have...
June 12, 2023
Crypto’s reputation as a lawless, “Wild West,” was touted by enthusiasts as a positive. Now, as the U.S. Securities and Exchange Commission (SEC) and its head Gary Gensler aim for the sector’s jugular with lawsuits against Coinbase and Binance, two of the industry’s largest players, a decade-plus of financial freewheeling for digital asset players looks to be […]
October 19, 2023
Crypto exchange Gemini and venture capital firm Digital Currency Group (DCG) are facing a lawsuit filed by New York Attorney General Letitia James, alleging the companies defrauded customers of $1.1 billion. The lawsuit, filed Thursday (Oct. 19), accuses Gemini and DCG’s Genesis Global Capital unit of not disclosing the risks associated with a crypto-lending program they launched in 2021, Bloomberg […]
June 11, 2023
Nigeria’s securities regulator says a company called Binance Nigeria Limited is operating illegally in the country. Binance, the world’s largest cryptocurrency exchange, tells PYMNTS this company being target by the...
June 09, 2023
The Securities and Exchange Commission (SEC) ’s groundbreaking lawsuit against Coinbase Global Inc. could eventually end up at the Supreme Court. The lawsuit filed this week has the potential to let the...
June 06, 2023
Binance customers withdrew over $778 million amid SEC legal action against the cryptocurrency platform. That’s according to findings by data firm Nansen Tuesday (June 6), one day after the U.S. Securities and Exchange...
