United States CFTC Issues No-Action letter to KalshiEX and Kalshi Klear for Transition in Clearing Operations

by Theresa Joy Lacatan | Oct 14, 2024 | Blog News, Crypto News

On 4 October 2024, the United States Commodity Futures Trading Commission issued a supplemental no-action letter in response to a request from KalshiEX LLC and Kalshi Klear LLC, which grants exemptions to Kalshi and its clearing organisations, specifically Kalshi...

Cumberland DRW LLC, Subsidiary of DRW Holdings, Faces United States SEC Enforcement Action for Alleged Unregistered Securities Trading

by Theresa Joy Lacatan | Oct 14, 2024 | Blog News, Crypto News

On 10 October 2024, the United States Securities and Exchange Commission sought to initiate legal proceedings against Cumberland DRW LLC, a crypto liquidity provider operating through its trading platform Marea. The complaint, filed in the United States District Court...

U.S. SEC Filed a Complaint Against ZM Quant Investment Ltd. Alleging Crypto Market Manipulation and Demanding Jury Trial

by Theresa Joy Lacatan | Oct 10, 2024 | Blog News, Crypto News

On 9 October 2024, the U.S. Securities and Exchange Commission (SEC) filed a complaint against ZM Quant Investment Ltd., Baijun Ou, and Ruiqi Lau, in the United States District Court for the District of Massachusetts, alleging market manipulation of crypto assets and...

US SEC Files Market Manipulation Lawsuit Against CLS Global FZC LLC and Andrey Zhorzhes

by Theresa Joy Lacatan | Oct 10, 2024 | Blog News, Crypto News

On October 9, 2024, the United States’ Securities and Exchange Commission (US SEC) filed a complaint against CLS Global FZC LLC and Andrey Zhorzhes, in the United States District Court for the District of Massachusetts, alleging a complex market manipulation scheme...

South Korean FSC Announces Establishment of Digital Asset Protection Foundation to Secure Safe Return of Funds Amid VASP Closures

by Theresa Joy Lacatan | Oct 10, 2024 | Blog News, Crypto News

On 25 September 2024, the South Korean Financial Services Commission (SK FSC) announced its authorization of the digital asset industry’s plan to create the Digital Asset Protection Foundation, an entity aimed at safeguarding users’ assets in the event of virtual...

G7 Competition Authorities and Policymakers Summit: Framework to Ensure Fair Competition in AI Markets

by Theresa Joy Lacatan | Oct 9, 2024 | AI News, Blog News

On 3 October 2024, the G7 Competition Authorities and Policymakers Summit met in Rome, Italy, to address the competitive challenges presented by the rapid advancement of artificial intelligence technologies, including Generative AI (GenAI). This gathering, hosted by...