#crypto

A US court has declared that trading certain cryptocurrencies on the secondary market amounts to dealing in securities, thereby falling under the purview of the Securities and Exchange Commission (SEC). Judge Tana Lin delivered this verdict while presiding over an insider trading case involving acquaintances of employees at the crypto exchange Coinbase.

LedgerPrime, previously a hedge fund within the collapsed crypto exchange FTX, has made a comeback under the new banner of MNNC Group, now officially registered in the Cayman Islands. Shiliang Tan, a principal partner, announced that not only has the group reclaimed most of its investor base, but it has also attracted a hefty investment sum in the process.

WhiteBIT has stepped up its game by becoming an official broker on TradingView, the renowned cryptocurrency trading platform. This partnership enables users to directly engage in trading on TradingView by linking their crypto wallets, thus making use of their exchange balances.

U.S. Senator Elizabeth Warren of Massachusetts has once again expressed her concerns about cryptocurrencies, emphasizing the need for their compliance with current traditional financial regulations. She highlighted her proposed anti-money laundering legislation, which could have adverse effects on the crypto sector, awaiting further examination.

The US Internal Revenue Service (IRS) has brought on board two former cryptocurrency company employees as consultants to aid in crafting the definitive tax regulations for digital assets. This move will impact all crypto businesses, including exchanges and brokers, requiring them to report all transactions per client.

Australian crypto exchange OTCPro mistakenly sent $653,000 instead of the intended $65,300 to a corporate account belonging to Kow Seng Chai. Mr. Chai quickly withdrew the funds using the Tether (USDT) stablecoin. When the mistake was discovered, attempts to contact him were ignored, and the phone number provided turned out to be incorrect.

Uniswap, a decentralized cryptocurrency exchange, has recently launched a unique feature: free Web3 names for all its users. These aren't just any names; think "one.uni.eth" or "crypto.uni.eth" – a fresh take on the traditional crypto wallet format. Nicknames can be acquired and customized exclusively through the Uniswap mobile app.

China's state media is once again alerting its citizens to the dangers and illegality of cryptocurrency trading, as well as enforcing a total ban on mining. This move coincides with a surge in Bitcoin's popularity following the approval of spot ETFs and the anticipation of the upcoming halving event, which will reduce the reward for mining a block by half.

A tale of trust turned treachery: an American senior ventured into cryptocurrency investments guided by an online acquaintance from Instagram, resulting in a staggering loss of $240,000. Though wary of funneling substantial amounts into a dubious site at first, his initial crypto futures successes led him to up his investments. The insistence from his online friend to boost his deposit only fueled his decisions.

Decentralized crypto exchange PancakeSwap intends to open source its code. This will allow external developers to either fork the code or use it to develop new applications on various blockchains, exclusively through a specialized affiliate program.