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JPMorgan Admits Fraud, Agrees to Billion Dollar Settlement for Illegal Trading
30.9.2020
JPMorgan Chase has admitted to fraud charges and agreed to settle with the U.S. Department of Justice, the Commodity Futures Trading Commission, and the Securities and Exchange Commission. The firm has agreed to pay nearly a billion dollars in penalties and victim compensation. JPMorgan’s...
Overstock Short Sellers Fall Short as Judge Gives Digital Dividend Claims Short Shrift
29.9.2020
Patrick Byrne and Overstock.com have prevailed over the digital dividend-doubting short sellers
Digital Commodity Exchange Act of 2020: US Lawmakers Propose Single National Crypto Framework
25.9.2020
Lawmakers in the U.S. have introduced the Digital Commodity Exchange Act of 2020 to create a single, national regulatory framework for cryptocurrency trading platforms, including those that trade bitcoin, ether, their forks, and other cryptocurrencies. On the same day, the Securities Clarity...
New Bipartisan Bill Would Classify Digital Tokens as Commodities, Not Securities, in US
24.9.2020
A bill introduced by Rep. Tom Emmer could clarify the status of digital tokens issued as part of a securities offering under securities law
Valentus Capital Plans $50M Token Raise for Credit Fund: Report
23.9.2020
The yet-to-be-registered asset manager hopes to launch its VAL1 token later this year
SEC v. Telegram: Part 3 — The extraterritorial reach of US securities laws
23.9.2020
The desirability of applying U.S. law so broadly to transactions that occur predominantly outside the country
Are UNI Tokens Subject to Securities Enforcement Action by the SEC?
23.9.2020
Philip Liu is the Co-Founder and Chief Legal Officer of Arca, a blockchain- and crypto-focused investment advisor in Los Angeles.
Uniswap overview
Uniswap is the largest decentralized exchange (DEX) by trading volume and is the first DEX to really compete on a daily volume basis against some of...
SEC v. Telegram: Part 2 — The case against integrating the two prongs of a SAFT
22.9.2020
Addressing the legitimacy of collapsing the sale of contractual rights with the eventual release of crypto assets
SEC vs. Telegram: Part 1 — Key takeaways for now
21.9.2020
The legal battle between the U.S. SEC and Telegram could be a strong warning against the SAFT process
Brazen Nigerian Crypto Scam Inksnation Still Operational Three Months After Regulator Warning
20.9.2020
One of Nigeria’s most brazen crypto scams, Inksnation remains operational and still invites new investors some three months after the country’s Securities and Exchange Commission (SEC) deemed its activities illegal. The SEC has previously warned Nigerians against investing with the scam...
Societe Generale to Use as Many as Five Blockchains in Capital Markets Trials
17.9.2020
A tech-focused subsidiary of Societe Generale said it will trial up to five different blockchains to understand their usefulness in capital markets
Presidential Candidate Brock Pierce Served With Lawsuit for Alleged ICO Fraud
16.9.2020
Former Disney child actor and U.S. Presidential candidate, Brock Pierce, was served with a lawsuit during a political campaign event held on Monday. The class-action lawsuit was filed in May and it claims the defendants, including Pierce, sold unregistered securities during the EOS initial coin...
Forex Strapped Nigeria Designates Crypto Assets as Securities
15.9.2020
The Securities and Exchange Commission (SEC) of Nigeria has designated crypto assets as securities as the authorities step up efforts to regulate Africa’s largest cryptocurrency market. The SEC says the classification of crypto assets for regulation is consistent with the country’s...
Nigeria’s SEC Says All Crypto Assets Are Securities by Default
15.9.2020
The Securities and Exchange Commission of Africa's most populous country said all crypto assets will fall under the regulation that covers securities exchanges and transactions
U.S. Presidential candidate served for alleged securities fraud at rally in NYC
14.9.2020
This campaign rally probably did not turn out quite as the candidate had envisioned it
Rapper TI Cryptocurrency Fraud: Charged and Fined $75,000 by SEC
13.9.2020
Rapper TI and four other people, including film producer Ryan Felton, have been charged by the U.S. Securities and Exchange Commission (SEC) over fraudulent token sales. TI, or Tip as the rapper is also known, is also fined $75,000 by the securities regulator. Rapper TI and Film Producer Charged...
SEC Charges Rapper TI With Securities Violations for Promoting 2017 ICO
11.9.2020
The SEC alleged film producer Ryan Felton misappropriated funds from two separate initial coin offerings, and charged rapper TI with boosting one of them
How to Watch INX’s IPO in Real Time on the Ethereum Blockchain
10.9.2020
Doing its IPO on the Ethereum blockchain gives the public, and INX itself, a novel vista on the process, which traditionally has been a back-room affair
US Man Pleads Guilty in $722 Million Bitclub Network Ponzi Scheme Case
7.9.2020
A Bitclub Network Ponzi scheme promoter has admitted to charges of selling unregistered securities and to subscribing to a false tax return in connection with his role in the $722 million fraud scam. The man, Joseph Frank Abel, pleaded guilty by video conference before U.S. District Judge Claire...
South African Man Charged in U.S. Court for Fraud Involving $28 Million in Bitcoin and Forex
5.9.2020
A South African man has been charged with fraud in the Maryland District Court for allegedly scamming $28 million from over 1,000 investors. Dennis Jali, a former resident of Maryland, targeted church-going African immigrants, promising them guaranteed returns on his supposed bitcoin (BTC)...