CRYPTO

United States Justice Department (DoJ) officials unsealed an indictment against cryptocurrency exchange KuCoin and two of its founders for "conspiring to operate an unlicensed money transmitting business" and violations of the Bank Secrecy Act.

As CoinDesk reports, the DoJ said in an indictment that KuCoin and founders Chun Gan and Ke Tang operated KuCoin as a money-transmitting business with over 30 million customers but did not implement a know-your-customer (more…)

Authored by Turner Wright via CoinTelegraph.com,

According to a letter for SEC Chair Gary Gensler, leaving Ether in regulatory limbo between the SEC and CFTC could have "irreparable consequences for the digital asset (more…)

Bitcoin's price pumped (up to almost $72,000) and dumped (back below $69,000) this morning after net BTC ETF inflows buoyed the cryptocurrency overnight and legals issues reigniting for Coinbase appeared to spoil the party…

Source: Bloomberg

Yesterday saw net inflows to BTC ETFs surge to their highest in two weeks (over $417mm)…

Source: Bloomberg

But this morning, Coinbase's motion to drop the SEC's case against the exchange was denied in court, allowing the regulator to proceed with its (more…)