#crypto

The South Korean regulator might launch an investigation into the cryptocurrency exchange OKX for unauthorized advertising of one of its programs. Local laws mandate that every crypto company must undergo registration to smoothly engage with South Korean clients.

Digital Currency Group (DCG), the parent company of the insolvent crypto lender Genesis, has officially opposed the client compensation plan.DCG's critique centers on the belief that the proposed method for asset reimbursement excessively surpasses the initial debt value.

The Securities and Exchange Commission (SEC) has issued a press release targeting Brian Sewell, founder of Rockwell Capital Management. Sewell reportedly encouraged hundreds of online students to invest in his fund, claiming it employed cutting-edge AI-based crypto trading strategies.

The FTX collapse in November 2022 had a chain effect on the crypto industry. Many companies crashed afterward, including the crypto lender Voyager.

KPMG's 2023 report reveals that cryptocurrency and blockchain have become the frontrunners in Canada's fintech sector, outpacing other areas despite a general decline in transaction volumes and deal values.

The UK Court began the trial of the Australian computer scientist Craig Wright to finally settle whether he’s the real Satoshi or not. This major debate in the crypto industry is already 8 years old.

The scandalous case around the Canadian self-described Crypto King continues. His associate, 27 year-old Colin Murphy was sentenced to 5 months in jail for violating court order by deleting evidence on his phone.

John Reed Stark, a lawyer and former SEC enforcement chief, has labeled the effort by the leadership of the now-bankrupt crypto exchange FTX and its associated legal firms to relaunch the platform as blatant fraud. He predicts that by the end of 2024, each attorney involved in this case will afford to buy a luxury beach house, effectively financed by the funds of FTX users.

DZ Bank, the second-largest financial group in Germany, plans to unveil a retail cryptocurrency trading project by the end of 2024. This ambitious venture will see participation from dozens of corporate banks and will initially cater to private users who do not seek investment or trading consultations.