Cryptocurrency Analysis and News Portal
BitCulture explores arts, culture, music and media in blockchain and Web3. Fine art on the blockchain Exchange.art head curator Haley Karren came to Web3 from some of the world’s leading art institutions and says that working with 14,000 artists on
Read More
Continuing operations without applying for registration could lead to a $542,854 fine or imprisonment. Source
Read More
On Monday, the EU imposed a record $1.3 billion fine on social media giant Meta for transferring EU user data to the US. Meta Platforms Inc (NASDAQ: META) recently incurred a record 1.2 billion euros ($1.3 billion) fine from the European Union (EU) for privacy violations. European privacy regulators alleged that the Facebook parent
Read More
Identifying the platform’s inability to pay a massive sum of $22 million as penalty in violations of the securities laws, the SEC has revised the penalty to $111,000. In a major development and probably the first, the US Securities and Exchange Commission (SEC) has decided to revise its fine against
Read More
Jeremy Kauffman, LBRY's founder has previously said this case could impact the wider crypto industry as the company maintained that LBC was not a security. Ripple Labs has a similar defense as it faces SEC charges for the sale of $1.3 billion in XRP tokens. Source
Read More
A crypto user who purchased a luxury car with Bitcoin (BTC) faces 18 months in prison and a $3.7 million fine in Morocco, which still considers the use of crypto as an illegal act.A recent report by Euronews stated the Casablanca Court of Appeal had upheld the conviction of Thomas
Read More
The CFTC claimed that the firm had proprietary software that was expected to recognize significant trading gains for investors who contributed to the Bitcoin pool, but in reality, there was no such “bot” in use. The head of a South African firm has been slapped with a massive fine of $3.4
Read More
A Russian crypto entrepreneur, charged with laundering money from ransomware attacks, has been sentenced to probation and fined in the U.S. after pleading guilty. Founder of two coin trading platforms, Denis Dubnikov, was arrested in the Netherlands and extradited to the U.S. last year. Oregon Court Sentences Russian for Processing Ryuk
Read More
The charge sheet from the Dutch central bank (DNB) outlining its decision to impose a sanction of 3,325,000 euros ($3.6 million) for serving local customers without approval shows multiple legal and procedural gray areas – and Coinbase, which is registered with DNB now, argues it is being punished for co-operating. Source
Read More
American crypto exchange Coinbase plans to protest a weighty fine imposed by the Dutch central bank over “non-compliance” violations. Coinbase (NASDAQ: COIN) has received a $3.6 million fine from the Dutch central bank for offering unregistered crypto services to customers in the country. According to the Dutch apex bank, Coinbase’s Europe
Read More