Alabama drops staking lawsuit against Coinbase

The Alabama Securities Commission, a financial regulator for the US state, dropped its lawsuit against crypto exchange Coinbase, which accused the company of violating securities laws by offering staking services to clients.The regulator cited the ongoing work between the US Securities and Exchange Commission (SEC) and the crypto industry to develop clear crypto regulations as […]

PGI Global Founder Hit With Fraud Charges in Alleged $200M Crypto Ponzi Scheme

The U.S. Securities and Exchange Commission (SEC) charged the founder of now-defunct crypto and foreign exchange investment company PGI Global, with violating federal securities laws, alleging he ran a “Ponzi-like scheme” that defrauded investors of nearly $200 million — and spent $57 million of customer money on Lamborghinis, real estate and luxury goods.

Crypto FIFA video game launching on mobile devices in June

Mythical Games said in November that “FIFA Rivals” would be available this year on Apple and Android devices.

Why America’s Biggest Crypto Company Is Trying to Stop a Pro-Crypto Bill From Passing

Coinbase is asking lawmakers to pause on passing a standalone stablecoin bill that could see a vote in weeks, causing tensions within the crypto industry.

Alabama drops case against Coinbase as crypto policy discussions evolve

The Alabama Securities Commission has officially withdrawn its legal action against Coinbase over the exchange’s staking program, reducing the number of active state-level lawsuits from 10 to five. According to the April 23 consent order signed by Commission Director Amanda L.

Coinbase Secures Legal Win as Alabama Drops Lawsuit Over Staking

In a positive development for Coinbase, Alabama has officially dropped its enforcement action against the cryptocurrency exchange. This decision marks a shift in the legal challenges facing the company regarding its staking program.

New SEC Chair Paul Atkins Says Clarity on Digital Assets a ‘Top Priority’ for Agency Going Forward

The new Chair of the U.S. Securities and Exchange Commission (SEC) says that creating clear regulatory guidelines for crypto assets is a top priority for the agency.

Kuwait Government Issues Warning as 1,000 Sites Found Illegally Mining Cryptocurrency

Crypto mining has been illegal in Kuwait since July 2023. But the government has issued new warnings after finding 1,000 new sites.

Luxury app Dorsia taps MoonPay for crypto payments

Luxury hospitality platform Dorsia is rolling out crypto payments for clients in the United States, the United Kingdom, Europe, and six Arab nations.The payments feature is being enabled through a partnership with MoonPay, the companies told Cointelegraph. With the integration, users will be able to book luxury travel experiences and complete transactions directly in USDC […]