Silvergate Capital found itself in hot water when it settled with the SEC for $50 million, following demands from Federal Reserve governors and California financial regulators for an additional $63 million in fines. The allegations revolved around misleading investors about the strength of its BSA/AML compliance program and the monitoring of crypto customers, including popular
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Futureverse, a prominent player in AI and metaverse technologies, has recently joined forces with Animoca Brands, a trailblazer in digital property rights and blockchain-based entertainment. This groundbreaking collaboration is poised to revolutionize the metaverse landscape by leveraging Animoca Brands’ vast ecosystem of blockchain products with Futureverse’s advanced technology stack. As part of this strategic partnership,
Sony Group, a prominent conglomerate in Japan, has made headlines with its recent acquisition of Amber Japan. This move will see Sony taking ownership of Amber Japan’s WhaleFin exchange, which will be rebranded as S.BLOX Co. The statement released on July 1 highlighted Sony’s plans to revamp the exchange’s UI screen and introduce a new
Vitalik Buterin, a co-founder of Ethereum, recently expressed his apprehensions about the current state of cryptocurrency regulation, particularly in the United States. He raised a crucial point regarding the paradoxical nature of the regulatory framework that he believes is hindering the growth and integrity of the industry. Buterin pointed out that the existing regulatory environment
In the rapidly evolving landscape of digital finance, the emergence of crypto assets has introduced unprecedented challenges and opportunities for regulators across the globe. One of the largest government bodies to tackle this issue is the European Union, which has implemented the Markets in Crypto-Assets regulation (MiCAR). However, a critical gap has emerged in the
Recently, the European Central Bank (ECB) provided an update on the progress of its preparation phase for the digital Euro CBDC, set to conclude in October 2025. The central bank emphasized the importance of privacy and data protection in this digital currency endeavor. However, upon closer examination, several concerning aspects of the digital Euro came
Paradigm, a prominent firm in the blockchain ecosystem, recently raised concerns over the European Securities and Markets Authority’s (ESMA) proposed regulations under the Markets in Crypto Assets Regulation (MiCA). One of the key issues highlighted by Paradigm is the misinterpretation of Maximum Extractable Value (MEV) and the potential overreach of regulatory measures. ESMA categorized MEV
Coinbase, the largest cryptocurrency exchange in the United States, has taken legal action against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC). The exchange filed lawsuits alleging that both regulatory bodies failed to respond to information requests related to closed crypto cases. Coinbase is seeking to compel the SEC and
Scott Matherson is a notable figure in the cryptocurrency world, recognized for his ability to explain complex topics in a clear and engaging manner. With a background in industries such as banking and investment, Scott brings a wealth of experience to his writing in the crypto space. His in-depth knowledge allows him to break down
The gaming industry has seen exponential growth with the introduction of MetalCore, a sci-fi mech shooter metalcore game set on the distant planet of Kerberos. This massively multiplayer online game (MMO) offers players thrilling PvPvE battles and a player-driven economy that shapes the course of gameplay. With its focus on strategic combat and immersive gameplay,