Security News

Crypto startup Lejilex and the United States Securities and Exchange Commission have filed competing briefs for summary judgment in a Texas federal court, escalating their legal battle over crypto’s classification. Lejilex, part of the Crypto Freedom Alliance of Texas, said in its Oct. 3 brief that it would facilitate crypto transactions, not sell securities, and […]

According to an Oct. 2 announcement, the United States Securities and Exchange Commission’s (SEC) chief enforcer, Gurbir Grewal, will step down on Oct. 11 after a stint distinguished by his aggressive policing of the cryptocurrency industry. The SEC has not chosen Grewal’s permanent replacement but Sanjay Wadhwa, deputy director of the SEC’s enforcement division, will […]

The United States Securities and Exchange Commission (SEC) filed a notice of appeal in the Ripple lawsuit on Oct. 2, 2024, seeking to overturn an earlier ruling from Judge Analisa Torres. Legal experts anticipated the regulatory agency’s appeal of the 2023 verdict set by Judge Torres, which established that secondary sales of Ripple’s XRP did not constitute securities […]

Tens of thousands of Bank of America customers have reported a network outage preventing them from accessing their bank accounts or seeing a $0 balance. Reports of service issues started to come in at about 4:26 pm UTC on Oct. 2 and peaked about one hour later with nearly 18,000 Bank of America customers reporting […]

The Bitcoin mining firm accused by Swan Bitcoin of stealing its mining business through a “rain and hellfire” plan has denied the allegations, and is calling for the case to be dismissed. In a Sept. 30 motion to dismiss, Proton Management said accusations made by Swan are “fatally flawed” because it “does not have a mining business” […]

Asset manager Hashdex has submitted an amended registration filing for a proposed exchange-traded fund (ETF) designed as a one-stop-shop cryptocurrency portfolio, according to an Oct. 1 regulatory filing. The filing indicates continued progress for the crypto index ETF with the United States Securities and Exchange Commission after the agency asked for more time to reach a decision on whether […]

Crypto exchange Binance has announced that its mobile and web application is now “fully available” to users in Argentina after it was registered as an official crypto service provider in the country. In an announcement shared with Cointelegraph, Binance highlighted that it had been incorporated into the Argentine virtual asset service provider (VASP) registry of […]

Winklevoss-founded crypto exchange Gemini is set to close all customer accounts in Canada by the end of 2024. In a Sept. 30 email sent out to Canadian users of the exchange, Gemini said it would close all accounts in Canada by Dec. 31 and told users they had 90 days to withdraw assets from the […]

Australia and New Zealand Banking Group — one of Australia’s “Big Four” banks — has joined Singapore’s Project Guardian to explore the potential benefits of real-world asset tokenization in financial markets. ANZ will partner with blockchain oracle firm Chainlink Labs and Singapore investment firm ADDX to test how RWAs like commercial papers can interoperate between […]

An Ohio state senator has introduced a bill to require the state to accept cryptocurrency for payment of state taxes and fees. The legislation would also allow state institutions of higher education and the state pension fund to invest in cryptocurrency if they choose to. Niraj Antani introduced the bill on Sept. 30, according to a press […]