Mining Farm Fire Damages Apartment Building in Gatchina, Leningrad Region
Mining farm caused a fire in an eight-story apartment building in the middle of Gatchina, Leningrad region. The incident occurred in a one-room apartment, As a result of the fire, the kitchen and all the equipment installed there for mining burned. The EMERCOM team arr ...
QuadrigaCX Announces Interim Distribution of Customer Funds Amid Bankruptcy Proceedings
A few days ago, the exchange announced an interim distribution of funds There are 15 lawsuits worth more than C$1 million The funds will be paid at market value as of April 15, 2019 Bankrupt Canadian cryptocurrency exchange QuadrigaCX announced the re ...
IRS Files Lawsuits Worth $44 Billion Against Bankrupt Crypto Exchange FTX
The Internal Revenue Service (IRS) has filed lawsuits worth nearly $44 billion against bankrupt cryptocurrency exchange FTX and its affiliates. In total, the IRS has filed 45 lawsuits against companies, including West Realm Shires (the legal entity of FTX.US), Ledger Hold ...
Binance Strategist Criticizes Confusing US Regulations, Hopes for UK Crypto Sector Rules
Patrick Hillmann criticizes confusing regulatory rules But believes it won't always stay that way The exchange is banking on British oversight for now Binance chief strategist Patrick Hillmann criticized the US regulatory framework at the Financial Ti ...
Coinbase CEO Criticizes SEC for Overly Strict Crypto Regulation
The CEO of U.S. cryptocurrency exchange Coinbase criticized the Securities and Exchange Commission (SEC) for its overly strict approach to regulating the crypto industry. Brian Armstrong said in an interview that Congress and other federal agencies are trying to bring clari ...
Coinbase CEO Brian Armstrong criticizes SEC’s “anti-cryptocurrency” position and denies rumors of moving abroad
This was Armstrong's opinion during an interview with CNBC He said the U.S. is behind the EU in terms of regulatory preparation for the digital assets segment He also once again denied rumors about the exchange moving abroad The Securities and Exchang ...
Binance’s Spot Market Share Decreases Significantly, Facing Multiple Lawsuits
Kaiko, the digital asset data provider, recently reported that Binance's spot market share has significantly decreased over the past week. Despite starting the year off strong and becoming the market leader with over 70% share by the end of 2022, Binance was unable to maintain its position for lo ...
SEC Chairman Says No Need for Additional Cryptocurrency Legislation
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler recently addressed concerns about the need for additional legislation regarding cryptocurrencies. According to Gensler, the existing securities laws already cover much of the activity that occurs in cryptocurrency markets. He ...