U.S. federal court ruled on Thursday that sale of XRP tokens on exchanges and through algorithms did not constitute investment contracts. Source
Crypto Exchange Gemini May Relist XRP Token After Court Ruling
Tag: Exchange
XRP May Win Gemini Exchange Listing After Court Ruling in SEC Case
CryptoX – Cryptocurrency Analysis and News Portal U.S. federal court ruled on Thursday that sale of XRP tokens on exchanges and through algorithms did not constitute investment contracts. Source The post XRP May Win Gemini Exchange Listing After Court Ruling in SEC Case appeared first on CryptoX. CryptoX Portal
New York hacker charged for stealing $9 million from a decentralized exchange
United States law enforcement agents slammed wire fraud and money laundering charges against a former security engineer from New York. He is accused of hacking a decentralized exchange (DEX) and stealing $9 million in July 2022. The development marks the first time prosecutors are bringing charges against a suspect for exploiting a DEX’s smart contract. Hacker facing charges The United States Attorney’s Office for the Southern District of New York, in a press release, alleged that Shakeeb Ahmed, who previously worked as a senior security engineer for an international technology firm,…
‘AI helps traders utilize more intuitive strategies,’ says Exchange
On July 11, cryptocurrency exchange Bitget launched an AI-powered feature for its Grid Trading strategies, or the use of trading algorithms to automate transactions for users. In an interview with Cointelegraph, Bitget developers stated: “Compared with manually creating strategies by filling in obscure and complex strategy parameters, AI strategies can help users choose and create strategies more intuitively through a simple number (strategy rate of return) and a simple graph (yield curve), eliminating the need to fill in complex variables.” In its AI Grid Trading Bot, users are only required…
Crypto Exchange Digitex Ordered to Pay $16M Following CFTC Charges
A US court has ordered Adam Todd to pay approximately $16 million for operating an unregistered crypto exchange Digitex Futures. The amount includes $11.7 million in civil monetary penalty and $3.9 million as the return of illicit profit. Discover StealthEX.io – the future of cryptocurrency. Swap instantly across 1000+ coins, no sign-up, secure, and private. Dive into the new age of crypto! Judge Roy K. Altman of the US District Court for the Southern District of Florida delivered the judgement on July 5, the Commodity Futures Trading Commission (CFTC) announced…
CFTC case against Digitex futures exchange and CEO results in $16M court order
A United States federal court has ordered Digitex CEO Adam Todd to pay roughly $16 million in disgorgement and penalties related to a Commodity Futures Trading Commission (CFTC) case. In a June 12 announcement, the CFTC said a judge in the U.S. District Court for the Southern District of Florida issued a default judgment against Todd and Digitex LLC, Digitex Limited, Digitex Software Limited and Blockster Holdings Limited Corporation for failure to register with the CFTC and manipulating the price of the DGTX token. As part of the judgment, the…
New York prosecutor charges hacker over $9M exploit of Solana-based exchange
A former security engineer for an international technology firm has been arrested and charged for allegedly using a smart contract bug to steal $9 million in cryptocurrency from a Solana-based decentralized crypto exchange. On June 11, the United States Attorney for the Southern District of New York Damian Williams announced the “first-ever criminal case” involving an attack on a smart contract operated by a decentralized exchange (DEX). In a statement, Williams claims the accused — Shakeeb Ahmed — “used his expertise to defraud the exchange and its users and steal…
Dubai Regulator Suspends Crypto Exchange BitOasis' Conditional License
BitOasis said it’s working closely with the Virtual Assets Regulatory Authority to fulfil the conditions. Source
Dubai Bitcoin Exchange BitOasis Faces Regulatory Setbacks as License Revoked
BitOasis, a prominent Bitcoin exchange based in Dubai, has recently faced regulatory setbacks as its license was revoked by the Virtual Assets Regulatory Authority (VARA). The company failed to meet the necessary regulatory requirements within the specified timeframe, leading to enforcement action being initiated against it. BitOasis had received a conditional license on April 12, but VARA stated that the company was unable to commence operations unless certain key conditions were fulfilled within 30-60 days. Despite this opportunity, BitOasis fell short of meeting the undisclosed standards set by VARA, media reports…
Dubai crypto regulator suspends BitOasis crypto exchange license
Dubai’s cryptocurrency regulator has suspended the license of crypto exchange BitOasis for not meeting mandated conditions within the timeframes set out by the authority. On July 10, the Virtual Assets Regulatory Authority (VARA) issued two alerts saying its undertaken enforcement action against BitOasis and is reviewing the Dubai-based firm. VARA said BitOasis’ conditional license, granted April 12, permitted it to operate provided the firm met “key conditions over 30-60 day timeframes” which the regulator said hadn’t been met. VARA did not detail what conditions BitOasis failed to meet, but until…