The United States Securities and Exchange Commission (SEC) filed a lawsuit against Cumberland DRW on October 10, accusing the company of operating as an unregistered dealer. According to the SEC, Cumberland has sold over $2 billion in crypto assets since 2018 without meeting federal registration rules.

Uniswap, the leading decentralised exchange (DEX), has introduced its own layer-2 blockchain network called Unichain. The announcement was made by Uniswap Labs on October...

Japanese investment firm Metaplanet has increased its Bitcoin holdings once again, driving its stock price up by more than 10%. On October 7, the Tokyo-listed company revealed that it had purchased an additional 108.78 Bitcoin, worth approximately $6.92 million. The latest buy brings its total Bitcoin holdings to 639.5 BTC, valued at around $40.5 million.

The National Bank of Bahrain (NBB) has introduced its first Bitcoin investment fund, targeting institutional investors in the Middle East's Gulf Cooperation Council (GCC). The GCC includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE). This move is part of a growing interest in cryptocurrency in the region.

United States Bankruptcy Judge John Dorsey has given the green light for cryptocurrency exchange FTX to wind down its operations. This move is part of an effort to repay the platform’s users.