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4 Huge Revelations in the SEC’s Charges Against Do Kwon and Terraform Labs
17.2.2023
TerraUSD was a more overt and calculated fraud than was previously known – and Do Kwon is still cashing out, at size
Interactive Brokers announce its appointment with Sinopac Securities
17.2.2023
Interactive Brokers announced its selection as the primary international broker for Sinopac Securities. So from now onwards, Sinopac’s clients will be able to trade EFTs, Fixed Income instruments, and US stocks. The collaboration between the duo will reinforce the footprints of the Interactive...
Siemens issues €60M under Germany’s Electronic Securities Act
17.2.2023
When a 175-year-old conglomerate decides to go the blockchain way, then it could be right to assume that the technology has the potential to be adopted in the times to come. While the crypto industry remains under the lens of scrutiny, Siemens decided to issue bonds worth 60 million Euros to three...
Terra lawsuit a ‘roadmap’ to attack other stablecoins: Delphi Labs
17.2.2023
Delphi Lab's general counsel said the SEC was being "more thorough than usual" in its lawsuit against Terraform Labs and its co-founder Do Kwon
Terraform Labs and CEO Do Kwon Charged by SEC With Multibillion-Dollar Crypto Fraud
17.2.2023
The U.S. Securities and Exchange Commission (SEC) has charged Terraform Labs and its CEO, Do Hyeong Kwon, with fraud, alleging that Kwon and his company orchestrated “a multibillion-dollar crypto-asset securities fraud.” The securities watchdog insists that Kwon raised billions from...
Bankman-Fried $250M Bond Is a ‘Joke,’ Claims Securities Lawyer
16.2.2023
“MetaLawMan” James Murphy says that in 30 years of experience he has “never seen anything this lenient in a situation” where someone has lost millions of dollars of users’ money
Breaking: SEC sues Do Kwon and Terraform Labs for fraud
16.2.2023
"We allege that Terraform and Do Kwon failed to provide the public with full, fair, and truthful disclosure as required for a host of crypto asset securities," said SEC chair Gary Gensler
GBBC Digital Finance joins international securities organization as an affiliate member
16.2.2023
GBBC Digital Finance is now one of over 200 affiliated members of the International Organization of Securities Commissions, which also includes 35 national regulators
Canada Close to Tightening Rules for Crypto Exchanges: Sources
16.2.2023
Later this month, Canada’s umbrella markets regulator, the Canadian Securities Administrators (CSA), will tighten requirements for cryptocurrency exchanges operating in the country, according to two people who have been briefed on the plans
Crypto Bro From Big Crash May Lose Access To League Of Legends
16.2.2023
The man who oversaw the most famous crash in the history of crypto and who is currently facing securities fraud and other criminal charges might lose his gaming privileges. Federal prosecutors are now asking a judge to prohibit Sam Bankman-Fried from using computers or going online after...
Crypto Industry Body GBBC Joins Securities Regulator Group IOSCO as Affiliate Member
16.2.2023
GBBC Digital Finance's goal is to engage regulators to inform how policy will be developed by the world's major regulatory bodies
Japanese Securities Giant SBI Completes Takeover of Crypto Exchange Bitpoint
16.2.2023
The Japanese securities giant SBI has completed a takeover of the rival crypto exchange Bitpoint. The move consolidates the firm’s increasingly tight grip on the domestic crypto market – and marks the second time it has taken over a domestic rival....
Read More: Japanese Securities Giant...
SEC-retly Failing: How the SEC Is Letting Crypto Down
16.2.2023
When Gary Gensler (ex-Goldman Sachs investment banker) was announced as the new head of the Securities and Exchange Commission (SEC) in February 2021, the crypto industry saw a glimpse of hope. After all, the man in charge of regulating the industry was a “crypto native,” having taught...
Industrial Giant Siemens Issues €60 Million Digital Bond on Blockchain
16.2.2023
German conglomerate Siemens has for the first time issued a blockchain-based digital bond denominated in euros. In an announcement, the corporation highlighted the benefits of using blockchain, including the opportunity for direct sale to investors. Digital Bond Issued Under Germany’s Electronic...
SEC Chairman Proposes Amending Federal Custody Rules to Cover ‘All Crypto Assets’
16.2.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has proposed amending federal custody rules to cover “all crypto assets.” The SEC chief said: “Though some crypto trading and lending platforms may claim to custody investors’ crypto, that does not mean they...
The SEC shook Kraken down for $30M, but it doesn't mean they had a case
15.2.2023
Kraken agreed to a settlement with the SEC, but that didn’t change the law. Staking does not constitute a security
Crypto CEOs Need to Accept That Existing Regulations Also Apply to Them
15.2.2023
Coinbase’s CEO thinks the rules that apply to other financial services don’t apply to his multi-billion-dollar financial services company. His ignorance – either intentional or literal – is concerning
SEC Plans to Restrict Hedge Funds Exposure to Crypto With New Proposal
15.2.2023
The U.S. Securities and Exchange Commission (SEC) has proposed a draft that would make it harder for hedge funds, private equity firms, and pension funds to work with crypto companies.
The proposal would make it difficult for crypto firms to hold digital assets on their client’s behalf...
Security Tokens and Tokenized Securities Are Not the Same Thing
15.2.2023
Silvergate Bank Becomes Most Shorted Stock in US, but Sees Boost With Citadel Securities Stake
14.2.2023
Recent data shows that Silvergate Bank, a crypto-friendly financial institution, has become the most shorted stock in the United States, according to the Financial Industry Regulatory Authority. On Tuesday, Silvergate’s stock saw a rise after it was discovered that Citadel Securities holds...