Cryptocurrency Analysis and News Portal
Last week, the SEC accused Robinhood of providing misleading information to its customers, which failed to disclose the revenue source of the trading app.Vlad Tenev, Robinhood CEO, has refuted the claims that the company’s money-making tactics deceived customers. On the basis of such allegations, the Securities and Exchange Commission (SEC)
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In October, the Commodity Futures Trading Commission (CFTC) and the U.S. Department of Justice (DOJ) filed enforcement actions against the entities and individuals that own and operate the Bitcoin Mercantile Exchange (BitMEX), a trading platform for cryptocurrency derivatives. The CFTC alleges that since 2014 BitMEX has operated an unregistered trading platform
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Lawyers representing the United States government have filed a legal memo opposing the dismissal of charges for Virgil Griffith, a former Ethereum Foundation researcher accused of conspiring to violate U.S. sanctions against the Democratic People's Republic of Korea, or DPRK.According to court records filed Nov. 19 in the Southern District
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Lawrence Rufrano allegedly hid his work at Stanford and blockchain startup Factom from disability benefits regulators. Source
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Virgil Griffith’s lawyer has filed a motion to dismiss the U.S. government’s charges that the Ethereum developer violated sanctions law by speaking at a North Korean cryptocurrency conference. The motion, filed by attorney Brian Klein, claims the government’s late-2019 indictment of Griffith doesn’t “specify any alleged overt facts,” and contains
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BitMEX, which has been charged by the U.S. government and a regulator with facilitating unregistered trading, has accelerated its mandate for all customers to verify their identities by Nov. 5, three months earlier than its original deadline of early February.Stronger identity verification requirements is an industry trend, said Ben Radclyffe,
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The U.S. Department of Justice charged the six individuals for alleged involvement in laundering funds from Mexican drug cartels after an investigation spanning years. Source
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BitMEX, the cryptocurrency derivatives exchange recently charged by U.S. authorities for offering illegal trading services, has hired a compliance veteran. Source
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100x Group COO Vivien Khoo will serve as BitMEX interim CEO. Ben Radclyffe, BitMEX Commercial Director, will have more responsibilities for client relationship handling and oversight of financial products. Last week, the U.S. government charged the leaders of the crypto exchange and derivative trading platform BitMEX. According to the legal filing,
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The founders of BitMEX are stepping down from their executive roles at the parent firm of the crypto derivatives exchange soon after U.S. authorities charged the firm over allegedly illegal conduct.In a blog post Thursday, 100x – the holding group for BitMEX operator HDR Holdings – announced that founders Arthur
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