
SEC Secures $5.5 Million Default Judgment Against Alleged Fake Crypto Platform NanoBit
The SEC has secured a $5.5 million default judgment against NanoBit, an alleged fake crypto platform that misappropriated user funds sent to Hong Kong.
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The SEC has secured a $5.5 million default judgment against NanoBit, an alleged fake crypto platform that misappropriated user funds sent to Hong Kong.

A Michigan Judge has temporarily blocked prediction market platform Kalshi from offering sports betting contracts to residents, intensifying the state-federal debate on gambling laws.

Dubai is seeing an influx of European crypto firms as the MiCA deadline approaches, drawn by faster licensing and a dedicated regulator, according to a Dubai lawyer.

From July, crypto exchanges in Australia will mandate additional information for all outgoing and incoming transfers due to the new Travel Rule.

The SEC has won a $5.4 million judgment against NanoBit, which operated a fake crypto trading platform and misappropriated investor funds.

Singapore's MAS added crypto derivatives exchange Hyperliquid to its Investor Alert List, while Indonesia launched a scheme to certify crypto social media influencers.

The UK's financial regulator, the FCA, has set a definitive deadline of February 2027 for all crypto firms to secure full authorization.

House Speaker Mike Johnson has sent a housing bill to Donald Trump that includes a provision to ban the US Federal Reserve from issuing a CBDC until 2030.

US Senate lawmakers face a critical four-week window until July 13 to advance the CLARITY Act, a cryptocurrency market structure bill, before election-related delays.

Coinbase, Kraken, and OKX are offering incentives to attract EU users impacted by MiCA restrictions, capitalizing on their authorized status.

JPMorgan Chase has backed the U.S. crypto bill, the Clarity Act, urging Congress to pair regulatory clarity with robust safeguards to address digital asset risks.

White House officials are engaging with law enforcement groups to address concerns regarding illicit-finance provisions within the proposed Crypto's Clarity Act.

Blockchain analytics firm Chainalysis has proposed a new ontology to standardize how investigators identify and link clusters of cryptocurrency addresses.

The EU's landmark MiCA regulation, fully effective July 1, could impact 10 million crypto users as platforms brace for tightening oversight.

Ukraine has successfully transferred $8.3 million in seized cryptocurrency, recovered from an international hacker group involved in money laundering.

Germany has taken the lead in securing crypto authorizations under the EU's MiCA regulation, with 244 approved firms across Europe.

The European Securities and Markets Authority (ESMA) has urged unauthorized crypto-asset service providers to wind down operations by the MiCA July 1 deadline.

The week of June 29 is set to be pivotal for the crypto industry, featuring the implementation of Europe's MiCA regime and the U.S. jobs report.

The Bank for International Settlements (BIS) warns in its latest annual report that stablecoins are "more like ETFs than actual money" and create "FX risk".

Galaxy Digital has lowered its 2026 CLARITY Act passage odds to 50% due to dwindling Senate floor time before the August recess.

Crypto exchange BitMEX has removed its CEO, CFO, and head of growth, appointing Peter Wilkinson, former general counsel, as the new CEO.

Dubai's Virtual Assets Regulatory Authority (VARA) has licensed its 50th crypto firm, marking a significant expansion in its regulated market.

Binance ceased operations in parts of Europe due to regulatory licensing failures, while EthLabs, backed by Joe Lubin, launched to boost Ethereum adoption.

Binance founder Changpeng "CZ" Zhao stated in a recent CoinDesk interview that he believes the United States should be the "capital of crypto."