Regulator

X Drops Legal Challenge in Australia Over Stabbing Video – Cyber Safety Regulator Gives Up Fight

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SYDNEY, Australia – The cyber safety regulator in Australia has made a decision to stop pursuing legal action against X, a platform owned by Elon Musk. This comes after a setback in the federal court when a judge rejected a bid to extend a temporary order for the removal of videos depicting the stabbing of an Assyrian church bishop in Sydney, which authorities classified as a terrorist attack. Commissioner Julie Inman Grant expressed concern over …

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Bitcoin hits new record high of $70,000 as UK regulator allows trading of crypto-backed securities

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London, UK – Bitcoin has surged to a new all-time high, surpassing $70,000, following an announcement by the UK financial regulator permitting the trading of crypto-backed securities. The cryptocurrency hit a peak of $71,588 on Monday morning, outpacing its previous record set in November 2021. The UK Financial Conduct Authority revealed that it would not object to investment exchanges establishing a UK-listed market segment for cryptoasset-backed exchange traded notes [cETNs]. Although the FCA is allowing …

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Gemini Exchange Settles $1.1 Billion with NY Regulator – Customers Set to Reap Huge Benefits!

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Singapore – Cryptocurrency exchange Gemini Trust, founded by twins Cameron and Tyler Winklevoss, has reached a settlement with a New York regulator to refund at least $1.1 billion to customers of its defunct lending program. Along with the refund, Gemini will pay a $37 million fine for what the New York Department of Financial Services (NYDFS) deemed as “significant failures” jeopardizing the company’s stability. The NYDFS reserves the right to take further action against Gemini …

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