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“# South African asset manager denies stealing billions from users, claims $5M was lost in hack ” Raees Cajee, the co-founder of South African crypto investment platform AfriCrypt, has denied claims that he and his brother ran off with billions in investor funds, asserting the platform lost $5 million in a hack. Last week, Cointelegraph…
“# Mexico may not be following El Salvador’s example on Bitcoin… yet ” Authorities behind financial regulation in Mexico have warned against financial institutions handling cryptocurrencies, saying digital assets are still not considered legal tender in the country. In a Monday press conference, representatives from Mexico’s finance ministry, the Bank of Mexico, and the National…
“# SEC accuses XRP Army of issuing ‘false statements’ against its leadership on social media ” The ongoing lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission, or SEC, continues with the regulatory body claiming that XRP token holders are targeting its members on social media platforms with allegedly false statements. In a…
“# Rapper The Game facing $12M judgment along with execs in ICO case ” Los Angeles-based rapper The Game, also known as Jayceon Taylor, is facing a $12 million judgment for his role in Paragon Coin Inc — a crypto firm alleged to have engaged in an unregistered initial coin offering (ICO) four years ago….
“# London Stock Exchange-listed firm inks FCA’s approval for crypto services ” Mode Global Holdings, a London Stock Exchange-listed fintech group, has secured major regulatory approvals for cryptocurrency and fintech operations in the United Kingdom. The company announced Thursday that Mode has secured its Electronic Money Institution license and AMLD5 registration from the U.K. Financial…
“# Zachary Kelman joins Cointelegraph as general counsel ” Cointelegraph, the world’s foremost source of news and information on the future of finance, is pleased to announce the addition of Zachary Kelman as general counsel. Kelman is an early adopter of cryptocurrency and is the managing partner of crypto-native law firm Kelman PLLC. He is…
“# Bipartisan bill to study blockchain and crypto passes US House of Representatives ” A bipartisan bill that requires the study of blockchain technology and digital tokens passed the House of Representatives on June 22. The “Consumer Safety Technology Act” is centered on consumer protection and includes digital token and blockchain research. The bill passed…
“# $3.6B in Bitcoin vanishes in ‘hack’ along with owners of South African crypto platform ” Around 69,000 Bitcoin has vanished from a South African investment platform along with two brothers who owned the crypto firm. Although the facts are yet to be proven in court, if it turns to be an exit scam rather…
“# Spanish court rules John McAfee can be extradited to the United States ” John McAfee, the founder of the antivirus software company of the same name, is one step closer to facing prosecution in the United States for tax evasion. In a ruling released today, the Spanish National Court approved the extradition of McAfee…
“# Judge blocks sale of Jay-Z’s first album and its copyright as an NFT ” A New York judge has issued a temporary restraining order to block an alleged attempt from Roc-A-Fella Records Inc (RAF) co-founder Damon Dash to sell a tokenized version of Jay-Z’s first album “Reasonable Doubt” along with its copyright. Dash however…