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Farmington, which operates under its Moonstone Bank name, “improperly” pivoted to a pro-digital assets business plan in 2022 without notifying, and obtaining approval from, its supervisors, the document said. The joint enforcement action from the Federal Reserve Board and the Washington State Department of Financial Institutions bars the Washington state-based
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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
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The parent company of the crypto derivatives exchange FTX, Alameda Research, has been slapped with a $150 million lawsuit for market manipulation. The mysterious plaintiff is known as the “Bitcoin Manipulation Abatement LLC,” an entity about which currently there are no details online, either to secure its anonymity or to
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Wrapping off the month of September, the United States Securities and Exchange Commission (SEC) revealed to the general public that the prominent blockchain-based firm Block.one, the creator of the cryptocurrency EOS (EOS)trade, has been in the business of selling unregistered tokens for a year in 2017-2018.According to the SEC’s order,
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