US SEC Charges Prager Metis with Auditor Independence Violations, Agrees to US $1.95 Million Settlement

by Theresa Joy Lacatan | Sep 19, 2024 | Blog News, Crypto News

On 17 September 2024, the US Securities and Exchange Commission (US SEC) announced a settlement with Prager Metis CPAs, LLC and its California affiliate Prager Metis CPAs LLP for violating federal auditor independence regulations in their audits of the now-defunct...

US CFTC Announces Amendments to Rule Submission Procedures for Registered Entities

by Theresa Joy Lacatan | Sep 19, 2024 | Blog News, Crypto News

On 12 September 2024, the Commodity Futures Trading Commission (US CFTC) published amendments to Regulation Part 40, impacting the rule submission procedures for designated contract markets (DCMs), swap execution facilities (SEFs), and derivatives clearing...

Sui Network Integrates with USDC and CCTP to Boost Liquidity and Cross-Chain Capabilities

by Theresa Joy Lacatan | Sep 18, 2024 | Blog News, Crypto News

Sui Network, a layer-1 blockchain, has announced the integration of native USD Coin (USDC) and the Cross-Chain Transfer Protocol (CCTP), effective from September 17. This integration aims to enhance liquidity and facilitate cross-chain transactions, benefiting users...

US SEC Issues Cease-and-Desist Order Against Flyfish Club for Unregistered Offering of Crypto Asset Securities

by Theresa Joy Lacatan | Sep 18, 2024 | Blog News, Crypto News

On  16 September 2024, the U.S. Securities and Exchange Commission (US SEC) issued a cease-and-desist order against Flyfish Club, LLC, a Delaware-based company, for offering and selling unregistered crypto asset securities in the form of non-fungible tokens (NFTs)....

UK High Court Identifies Tether as Property while Deciding a Case on Cryptocurrency Theft

by Theresa Joy Lacatan | Sep 17, 2024 | Blog News, Crypto News

In the case Fabrizio D’Aloia v Persons Unknown Category A & B and Others [2024] EWHC 2342 (Ch), the claimant, Mr. Fabrizio D’Aloia, a successful businessman and founder of Microgame, brought a claim against several defendants after falling victim to a...

UK FCA Files First Charges Against Individual for Operating Illegal Crypto ATMs

by Theresa Joy Lacatan | Sep 12, 2024 | Blog News, Crypto News

On 10 September 2024, UK Financial Conduct Authority (UK FCA) charged Mr. Olumide Osunkoya, a 45-year-old resident of London, for operating multiple unregistered crypto ATMs. Between 29 December 2021 and 8 September 2023, these machines allegedly processed...