Cryptocurrency Analysis and News Portal
Chinese authorities have fined leading crypto mining hardware manufacturer Bitmain for tax-related violations, local media reported. The penalty comes amid increasing tax checks in the digital asset sector, according to information from the crypto community. Bitmain Fined for Failing to Pay Income Tax on Behalf of Employees One of the world’s largest
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As the biggest provider of internet search services as well as app hosting-related services, Google is often in the crosshairs of anti-competitive investigations from regulators around the world. Google, the subsidiary of American multinational tech giant, Alphabet Inc (NASDAQ: GOOGL) has been fined by the South Korean Fair Trade Commission (KFTC)
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More than one million UK children under 13 estimated by the ICO to be on TikTok in 2020, contrary to its terms of service. Personal data belonging to children under 13 was used without parental consent. TikTok “did not do
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The world’s largest digital asset exchange, Binance, is preparing to face fines and penalties in order to settle outstanding regulatory and law-enforcement investigations in the United States.According to a Feb. 15 WSJ report citing the firm’s chief strategy officer Patrick Hillmann, Binance has been working with regulators to remedy past
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Though regulatory scrutiny on Binance has intensified following its rival FTX’s collapse last November, Binance has been under investigation by the U.S. Attorney’s Office for the Western District of Washington since at least 2018, according to Reuters. The Department of Justice (DOJ) has reportedly sent at least two trading firms
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A bill introduced to the New York State Assembly on Jan. 26 would allow state agencies to accept cryptocurrency as a form of payment for fines, civil penalties, taxes, fees and other payments charged by the state.JUST IN: A New York Senate has introduced a bill to allow #Crypto as
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In addition to paying fines, Nexo will reportedly cease its unregistered lending product to all US investors. Crypto-lending firm Nexo has agreed to pay fines of $45 million to the Securities and Exchange Commission (SEC) for violating federal securities law. According to the regulatory agency, Nexo failed to register its crypto asset lending
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The Information Commissioner’s Office (ICO) has fined four companies a total of £370,000 for making over 820,000 home improvement predatory marketing calls to people registered with the Telephone Preference Service. The ICO started its proactive investigation into predatory marketing
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The insider-trading case stems from an incident from last November, when the SCB acquisition plan was first announced. According to the SEC, Wajanasathian – armed with this information – bought 1.99 million Thai baht (roughly $61,000 at the time) worth of the KUB token. The price of KUB subsequently more
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Are cryptocurrency games innocent fun? Or are they Ponzi schemes facing an imminent crackdown by regulators in the United States?Tokens related to cryptocurrency games — known colloquially as “GameFi” — were worth a cumulative total of nearly $10 billion as of mid-August, give or take a few billion. (The number
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