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Nigerian Association of Money Changers Calls for Banning of Binance
12.8.2023
The leader of Nigeria’s Association of currency exchangers has accused the crypto giant Binance of helping to worsen the local currency’s woes and asked authorities to consider banning the platform. The leader suggested that the optimism which ensued after Tinubu’s government floated...
Crypto Exchange Bittrex Settles With SEC — Agrees to Pay $24 Million
12.8.2023
Cryptocurrency exchange Bittrex has agreed to settle charges with the U.S. Securities and Exchange Commission (SEC). Bittrex and Bittrex Global agreed to pay $24 million. The SEC’s director of enforcement alleged that for years, Bittrex worked with token issuers to “scrub”...
Spot Bitcoin ETF Applications Face More Delays
11.8.2023
The U.S. Securities and Exchange Commission (SEC) on Friday asked for additional public feedback on a proposal to list a spot bitcoin exchange-traded fund (ETF), likely delaying any decision on the high-profile applications. SEC Seeks Public Opinion on Spot Bitcoin ETF The SEC put out a 34-page...
SEC Could Approve Spot Bitcoin ETF Within 6 Months, Says Mike Novogratz
11.8.2023
Galaxy Digital CEO Mike Novogratz is optimistic that the U.S. Securities and Exchange Commission (SEC) could approve a spot bitcoin exchange-traded fund (ETF) within four to six months. The executive cited his contacts at Blackrock, the world’s largest asset manager, and investment...
SEC Isn’t Appealing Whether XRP Is a Security, Lawyer Clarifies
11.8.2023
The U.S. Securities and Exchange Commission (SEC) is not appealing District Judge Analisa Torres’ ruling that XRP is not a security, a lawyer has explained. The securities regulator is appealing “programmatic and individual sales issues,” he clarified, adding that “If...
SEC Seeks to Appeal Ripple-XRP Ruling — Requests Stay of Proceedings
10.8.2023
The U.S. Securities and Exchange Commission (SEC) has sent a letter to District Judge Analisa Torres seeking permission to file an interlocutory appeal in the SEC v. Ripple case over XRP. In addition, the securities regulator’s motion will “seek to stay the district court...
SEC Chair Warns AI Poised to Drive Future Financial Crises
9.8.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has warned that artificial intelligence (AI) technology will be at the center of future financial crises. The securities regulator has put out a specific proposal to address some of the issues that could be embedded in AI models....
Defi Education Fund Submits FOIA Request for SEC’s Docs
4.8.2023
The Defi Education Fund, an organization dedicated to expanding the decentralized finance environment, has submitted a Freedom of Information Act (FOIA) request to the U.S. Securities and Exchange Commission (SEC). The documents requested are linked to the SEC’s non-answer to whether...
ETF Analysts: Spot Bitcoin ETF Approval Odds at 65% Amid Pressure From Blackrock
3.8.2023
According to James Seyffart and Eric Balchunas, two analysts specializing in exchange-traded funds (ETFs) at Bloomberg, the likelihood of a spot bitcoin ETF debut in the U.S. has surged to 65%. These analysts attribute this increase to “pressure from Blackrock and possibly Democrats,”...
HEX Plummets Over 40% After SEC Files Lawsuit Against Creator Richard Heart
2.8.2023
After the U.S. Securities and Exchange Commission filed a lawsuit against Richard Heart and his companies Hex, Pulsechain and Pulsex, the crypto asset hex (HEX) has been in a free fall. Two-week statistics show HEX has lost 41.7% against the U.S. dollar and 35.8% over the past seven days. Uniswap...
Why I Don’t Feel Bad for HEX Founder Richard Heart’s Victims
2.8.2023
Maybe the SEC can finally convince Hex and PulseChain devotees that they’ve been cheated
Ripple CLO Stuart Alderoty Explains Securities in ‘After Hours’ Parody Skit
2.8.2023
Stuart Alderoty, CLO of Ripple, prepared a skit explaining the definition of securities according to the company, supported by the recent ruling in the SEC v. Ripple case. The segment, titled “After Hours,” parodies U.S. Securities and Exchange Commission (SEC) Chair Gary...
US District Judge Rejects Approach in SEC v Ripple Ruling on XRP
2.8.2023
A senior U.S. district judge has rejected the approach taken in the Securities and Exchange Commission (SEC) v. Ripple ruling regarding XRP. “The court declines to draw a distinction between these coins based on their manner of sale,” explained the district judge presiding over...
Terraform Labs Lawsuit: Judge Rejects Motion to Dismiss SEC Case
1.8.2023
A US Judge has denied Terraform Labs' motion to dismiss a securities fraud lawsuit filed against it by the Securities and Exchange Commission (SEC).
On Monday, US District Judge Jed Rakoff rejected Terraform Labs' arguments that the SEC lacked jurisdiction and that its TerraUSD stablecoin did...
SEC Files Lawsuit Against Richard Heart and Companies Hex, Pulsechain, and Pulsex
31.7.2023
The U.S. Securities and Exchange Commission (SEC) filed a lawsuit Friday against Richard Schueler, known as Richard Heart, and his companies Hex, Pulsechain, and Pulsex, alleging they raised more than $1 billion through unregistered securities offerings. SEC Lawsuit Accuses Richard Heart of Running...
Report: SEC Asked Coinbase to Delist All Crypto Assets Except Bitcoin Prior to Filing Lawsuit
31.7.2023
According to Brian Armstrong, the CEO of crypto exchange Coinbase, the U.S. securities regulator reportedly told his company to delist all digital assets save for bitcoin. Armstrong said acceding to the SEC’s demand would have “meant the end of the crypto industry in the U.S.”...
Coinbase CEO Reveals SEC's Request to Suspend Trading in Non-Bitcoin Cryptocurrencies
31.7.2023
Coinbase CEO Brian Armstrong has revealed that the US Securities and Exchange Commission (SEC) requested the company to suspend trading in all cryptocurrencies except for Bitcoin (BTC) before initiating legal action against the exchange.
In a recent interview with the Financial Times, Armstrong...
SEC Chair Gary Gensler Says Crypto Is a Highly Speculative Field ‘Rife With Fraud’
30.7.2023
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has called crypto “a highly speculative asset class” and a field that is “rife with fraud.” He stressed that there are far too many bad actors in crypto, noting that crypto platforms often commingle funds...
SEC Chair Gary Gensler Raises Concerns About Fraud in Crypto Market
28.7.2023
Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), has voiced concern regarding the prevalence of fraud in the crypto market.
In a Thursday interview with Bloomberg, Gensler said that the crypto market is "rife with fraud, rife with hucksters." He added that while there...
Lawyer Outlines 4 Options SEC Could Proceed in Ripple Case Over XRP
27.7.2023
A lawyer has outlined four potential next steps that the U.S. Securities and Exchange Commission (SEC) could take following the ruling on the Ripple case regarding XRP. “I expect the SEC to file a request for interlocutory appeal within the next 2 weeks,” he opined, asserting that...