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Crypto Custody Specialist Taurus Brings Tokenized Securities to Retail Customers in Switzerland
23.1.2024
Denver Pastor Accused of Misappropriating $1.3 Million Raised via a Crypto Token Sale
23.1.2024
The Colorado Securities regulator has accused the pastor of an online-only church of illegally pocketing $1.3 million which was raised via the sale of a cryptocurrency he created. A judge in Colorado has since ordered the closure of the pastor and his wife’s bank accounts for 14 days....
Texas Securities Board Orders Crypto Lender Abra to Return Assets to Investors
23.1.2024
Source: Pixabay Crypto lender Abra has reached an agreement with the Texas State Securities Board to return customers’ frozen funds. The ruling comes after the authority filed an emergency cease and desist order and accused the company of securities fraud. Per the settlement agreement published...
Wave of Spot-Based Bitcoin ETFs Could Drive Bitcoin to $60K This Year: CoinShares
23.1.2024
Despite facing hurdles, bitcoin’s price could rebound and potentially soar to $60,000 this year, per CoinShares’ analysis. In a report published Monday, CoinShares forecasted 2024 as a pivotal year for digital assets, anticipating a surge in bitcoin’s value following the recent launch...
Crypto Prices Stabilize as SEC Approval of ETFs Ends Speculation and Reduces Volatility: Fineqia
23.1.2024
Bitcoin’s price has stabilized, closing the week at around $41,600, experiencing a marginal 0.4% decline compared to the previous week’s closing value of approximately $41,750. The reduced volatility can be attributed to the recent approval of ETFs by the SEC, putting an end...
Ripple Asks Judge to Deny SEC’s New Discovery Requests Concerning XRP
23.1.2024
Ripple Labs has opposed the requests by the U.S. Securities and Exchange Commission (SEC) for post-compliant discovery concerning XRP. Ripple argued that the regulator’s requests are “untimely” and “the SEC has failed to justify each of its requests on...
Coinbase CLO Warns Pokémon Might Be Key in Rejecting SEC’s Expanded Security Definition
22.1.2024
Paul Grewal, CLO of Coinbase, believes collectibles, like Pokémon cards, might be essential in rejecting the expanded definition of what the U.S. Securities and Exchange Commission (SEC) claims to be a security. To Grewal, these cards are also part of an ecosystem fueling their value,...
SEC Shut Off Extra Security on X For About 6 Months, Letting Hacker Breeze In
22.1.2024
The U.S. Securities and Exchange Commission (SEC) confirmed that a hacker took over its X account through a "SIM swap" attack that seized control of a cell phone associated with the account. That allowed the outsider to falsely tweet on January 9 that the agency had approved spot bitcoin...
Crypto Mining Investor B.Riley Facing SEC Probe
22.1.2024
B.Riley, an investment firm that has backed numerous Bitcoin mining projects, is allegedly involved in a probe brought forth by the United States Securities and Exchange Commission (SEC), according to a new report from Bloomberg. B.Riley’s deals in question following business with alleged...
Terraform Labs Files for Bankruptcy in US Amid SEC Lawsuit
22.1.2024
Terraform Labs has filed for Chapter 11 bankruptcy in the U.S. amid ongoing litigation with the U.S. Securities and Exchange Commission (SEC). The company stated in its bankruptcy filing that “funds will be available for distribution to unsecured creditors.” Meanwhile, Terraform Labs...
Litigation Analyst Gives Coinbase a 70% Shot at Full Dismissal in SEC Case
22.1.2024
According to Bloomberg senior litigation analyst Elliott Stein, the major US-based crypto exchange Coinbase might be looking at a favorable outcome in its legal battle against the US Securities and Exchange Commission (SEC). In a recent post on X, Stein shared his analysis of the case and expressed...
Study: Potential Approval of Spot ETF Is Ethereum’s ‘Strongest Narrative Right Now’
22.1.2024
The approval of a spot ethereum exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC) could be the crypto asset’s “strongest narrative,” according to a Kaiko Research analysis. The Kaiko Research team believes that ethereum’s rally post-bitcoin...
Denver Pastor Claims $300K Home Renovation Funded by Crypto Scam Was ‘God’s Plan’
21.1.2024
Denver pastor Eli Regalado, who is currently facing a lawsuit filed by Colorado’s securities commission for allegedly defrauding investors through the sale of the valueless INDXcoin cryptocurrency, has released a video responding to the allegations. In the video, Regalado admits that...
Former SEC Official: Crypto Holds the Key to 2024 US Presidential Election
21.1.2024
The U.S. Securities and Exchange Commission’s former head of internet enforcement has explained that crypto holds the key to the 2024 U.S. presidential election. He stressed that every U.S. presidential candidate should immediately appoint an internal Crypto Czar. “The stark reality is that...
Blackrock Seeks SEC Approval to Offer Options on Spot Bitcoin ETF — Ishares Bitcoin Trust Now Holds 28,622 BTC
21.1.2024
Blackrock, the world’s largest asset manager, is seeking approval from the U.S. Securities and Exchange Commission (SEC) to offer options on its spot bitcoin exchange-traded fund (ETF). The SEC has opened a comment period for a proposed rule change, filed by Nasdaq, to list and trade options...
SEC Freezes Assets of Church for Selling Unregistered ‘God-Backed’ Crypto Token
20.1.2024
Colorado-based pastor Eligio “Eli” Regalado and his wife, Kaitlyn, are facing legal action after allegedly defrauding investors of millions of dollars through the sale of an unregistered crypto token, called INDXcoin. The token was marketed to devout Christians as...
Security Definition at the Core of Coinbase v SEC First Scuffle
19.1.2024
Coinbase, a U.S based cryptocurrency exchange, and the U.S. Securities and Exchange Commission (SEC) had their first scuffle as New York’s Judge Katherine Polk Failla weighted in on a motion to dismiss the case in which the regulator alleges the exchange was involved in facilitating the trade...
Bitcoin Already Tops Silver In U.S. ETF Market After SEC Approvals
19.1.2024
The moment U.S. Bitcoin (BTC) spot ETFs went live last Thursday, they quietly achieved a major feat. The digital asset has now become the second-largest ETF commodity in the country, boasting $26 billion managed behind the securities wrapper. That’s more than silver ETFs, which hold slightly over...
Hong Kong Financial Services Firm Unveils Plans to Launch Region’s Premier Spot Bitcoin ETF
19.1.2024
Source: AdobeStock Hong Kong-based Venture Smart Financial Holdings Limited (VSFG) is gearing up to seek approval from the Securities and Futures Commission (SFC) for the introduction of a Bitcoin spot exchange-traded fund (ETF). JUST IN: HONG KONG'S VSFG PLANS TO LAUNCH SPOT #BITCOIN ETF IN...
Judge to Address in Binance Case: Are Cryptocurrencies Securities Under U.S. Law?
19.1.2024
The ongoing legal battle between the US Securities and Exchange Commission (SEC) and Binance has taken a new turn after the federal judge in the case ordered a court review on the classification of digital assets as securities. In a minute order from January 18, Judge Amy Berman Jackson expressed...