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The plaintiffs, Michael Sizemore, Mikey Vongdara, and Gordon Lewis, argue that Ronaldo actively took part in endorsing financial products on Binance, which should have been registered with regulators. Football icon Cristiano Ronaldo is facing a new legal battle, which started this week, as he has been accused of improperly promoting the
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Binance targeted growth in the U.S. market, especially among "VIP" users who drove the exchange's trading volume and thus its revenue. These power users and their liquidity helped make Binance a juggernaut in crypto trading. According to the government, Binance's executives "tracked and monitored" the exchange's performance in the U.S.
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Three companies offering financial services have been fined £170,000 collectively by the Information Commissioner’s Office (ICO) for illegal direct marketing under the Privacy and Electronic Communications Regulations (PECR). Debt management company, Digivo Media Ltd, which traded as Rid My
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The UK has advanced its crypto regulation with the Economic Crime and Corporate Transparency bill, intensifying crackdown on financial crimes while striving to maintain a crypto-friendly stance. The United Kingdom has made a significant stride in its battle against economic crime with the passage of the Economic Crime and Corporate Transparency
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The Information Commissioner’s Office (ICO) has issued fines totalling £590,000 to five companies for collectively making 1.9 million unwanted marketing calls which targeted the elderly and people with vulnerabilities. This latest action is part of a wider crackdown to
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Former FTX executive Ryan Salame will reportedly avoid testifying about his role in FTX’s alleged illegal campaign donation scheme if he is subpoenaed in Sam Bankman-Fried’s criminal trial.Lawyers representing the former FTX co-CEO said that Salame will be unavailable as a witness to the case, according to an Aug. 14
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied US authorities are preparing to charge FTX founder Sam Bankman-Fried with an illegal campaign finance scheme, per court documents filed on Aug. 8. In a twist to the legal case, the prosecutors plan to file a superseding
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The regulator also ordered all crypto platform providers to stop reaching out to Nigerian investors. Source
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Authorities in the town of Miri on the island of Borneo shut down an illegal cryptocurrency mining operation and seized equipment following a tip-off from the public.According to local news outlet The Borneo Post, Sarawak Energy discovered the operation, which included 34 cryptocurrency mining servers operating using stolen electricity through cable
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On June 22, authorities in Libya searched and arrested several individuals as part of their efforts to combat illegal crypto mining in the country. The raid in a data center resulted in the detention of 50
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