In a significant and surprising development, cryptocurrency exchange Crypto.com has confirmed that it has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC). The exchange disclosed this in a recent announcement in which they also revealed their decision to file a lawsuit against the regulatory agency, marking a new chapter in the ongoing conflict between the SEC and the cryptocurrency industry.

Once formidable garden walls dividing China's biggest tech companies are slowly crumbling as Alibaba Group plans to tap on to the logistical services of JD.com.

Blockchain.com executives Nicolas Cary and Al Turnbull are facing legal trouble for failing to submit the company's financial accounts for 2022, with court proceedings starting in September 2024. The company attributes the delays to restructuring and workforce cuts, but their inability to meet filing deadlines has raised concerns about operational transparency and investor confidence.

Crypto.com has filed a lawsuit against the SEC, claiming the agency has overstepped its authority in regulating the cryptocurrency industry after receiving a Wells notice. This legal action reflects wider frustration within the crypto sector, as many companies seek clarity on their legal status amid growing regulatory scrutiny.

Crypto.com is expanding beyond crypto by launching banking, credit card, and stock trading services, aiming to become a one-stop financial hub. Through its Level Up programme, users will earn rewards across all services, blending traditional and digital finance on a single platform.

Travala has made a major stride into cryptocurrency adoption by integrating with the global skyscanner marketplace, placing it alongside major travel agencies such as Expedia, Booking.com, and Agoda.