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Digital Securities Brokers May Not Be Subject to Enforcement for 5 Years, Says US Regulator
24.12.2020
The U.S. Securities and Exchange Commission (SEC) issued a statement and is looking for public comment toward the custody of digital asset securities that have been handled by special purpose broker-dealers. The statement from the SEC follows the recent crackdown against Ripple Labs and...
Crypto Hedge Fund Founder Stefan Qin Accused of Fraud by SEC
24.12.2020
The Securities and Exchange Commission (SEC) is accusing the founder of hedge fund Virgil Capital which specializes in cryptocurrency arbitrage, of fraud
XRP Token Plunges Nearly 40% Following the Announcement of SEC Charges Against Ripple
23.12.2020
Ripple’s XRP has lost almost 40% of its value after the token price dropped from $0.51 on December 21 to $0.31 at the time of writing. The token’s plunge appears to be the result of legal proceedings initiated against Ripple by the US Securities and Exchange Commission (SEC). At...
MoneyGram Takes Wait-and-See Approach as SEC Sues Partner Ripple
23.12.2020
"MoneyGram will continue to monitor the situation" following an SEC lawsuit against its part-owner, Ripple, a spokesperson told CoinDesk
FTX Exchange Launches Pre-IPO Futures Contracts for the Coinbase Public Listing
23.12.2020
After the San Francisco-based exchange Coinbase announced it was registering with the U.S. Securities and Exchange Commission (SEC) in order to have an initial public offering (IPO), FTX Exchange CEO Sam Bankman-Fried said the company would launch pre-IPO futures. On December 21, Bankman-Fried...
SEC to Sue Ripple Over XRP Cryptocurrency — CEO Insists XRP Is Not a Security
22.12.2020
The U.S. Securities and Exchange Commission (SEC) is set to bring a lawsuit against Ripple over the XRP cryptocurrency which it considers a security, according to Ripple CEO Brad Garlinghouse. Insisting that XRP is not a security, he calls the SEC’s lawsuit an attack on cryptocurrency that...
Billion-Dollar Wealth Manager Skybridge Capital Plans to Launch a Bitcoin Fund
22.12.2020
In mid-November, a filing registered with the U.S. Securities and Exchange Commission (SEC) had shown that the investment firm Skybridge Capital may invest in crypto assets like bitcoin. Over a month later, Skybridge Capital filed another registration form with the U.S. SEC (Form D) as it plans...
Guggenheim Investments: Bitcoin Is Worth $400,000 Based on Scarcity, Relative Valuation to Gold
18.12.2020
Guggenheim Investments, an asset management firm with over $230 billion under management, has valued bitcoin at $400,000 based on fundamental analysis. Guggenheim wanted to invest in bitcoin when the price of the cryptocurrency was at the $10,000 level. The company is currently waiting for approval...
Coinbase Files Paperwork With SEC to Launch Public Offering
18.12.2020
U.S. cryptocurrency exchange Coinbase had confidentially filed a draft registration for a public offering to the Securities and Exchange Commission (SEC). Coinbase Sent Draft Registration to the US SEC On December 17, 2020, the exchange made the announcement on its blog, stating that the firm...
Free TON, From an Abandoned Project to the Frontier of PoS Networks
9.12.2020
The Durov brothers fought a long and exhaustive battle with the United States Securities and Exchange Commission (SEC) over the Telegram Open Network (TON)’s acceptance in the United States, which ended with an official announcement that the further development of the project was abandoned....
Shark Tank’s Kevin O’Leary Ready to Put 5% of His Portfolio in SEC-Approved Bitcoin ETF
7.12.2020
Shark Tank star Kevin O’Leary, also known as Mr. Wonderful, is ready to put 5% of his investment portfolio in a bitcoin exchange-traded fund (ETF) that is approved by the U.S. Securities and Exchange Commission (SEC). Long known as a bitcoin skeptic, O’Leary is worried about...
Mastermind of Bitcoin Mining Ponzi Scheme Extradited to the US: $20 Million in Victims’ Funds Laundered
1.12.2020
The US government says it has extradited Gutemberg Dos Santos, the co-founder of the Airbit Club Ponzi scheme from Panama and he now awaits his trial in a Manhattan court. Dos Santos is facing charges relating to his role in perpetuating a “cryptocurrency” scam which defrauded victims...
Guggenheim Investment Fund to Invest $497 Million in Grayscale’s GBTC Seeking Bitcoin Exposure
30.11.2020
Guggenheim’s billion-dollar Marco Opportunities Fund (MOF) may seek indirect exposure to BTC through the investment of 10% of its net asset value into Grayscale’s BTC Trust (GBTC). The investment (when complete) means MOF will have committed as much as $497 million into the GBTC. In...
Ripple Is Selling 33% of Its Stake in Moneygram
29.11.2020
Ripple Labs Inc. is selling 4 million of its shares in Moneygram, or about a third of its total shareholding in the company. The decision seems in part to be motivated by the surging Moneygram share price and Ripple’s desire to cash out after buying the shares at a premium of $4.10 in 2019....
SEC Chairman Jay Clayton Explains US Crypto Regulation, Calls Bitcoin a Store of Value
23.11.2020
The chairman of the U.S. Securities and Exchange Commission (SEC) has explained how the U.S. government is regulating cryptocurrency. He calls bitcoin a store of value, noting that its rise is driven by the inefficiencies of the current payment system. How Bitcoin Is Regulated in the US...
Airbnb IPO Prospectus Says Future Success Means Adapting to Cryptocurrencies
20.11.2020
The giant online rental marketplace based in San Francisco, Airbnb is considering supporting cryptocurrencies and blockchain technology. The news stems from the company’s initial public offering (IPO) prospectus with the U.S. Securities and Exchange Commission (SEC). Airbnb’s filing...
Thailand’s New Rules Help Securities Companies Launch Crypto Exchanges
20.11.2020
Thailand has reportedly revised its net capital rules which help securities firms launch cryptocurrency exchanges. The country now has 15 licensed crypto service providers. New Thai Rules and Crypto Exchanges The Thai Securities and Exchange Commission (SEC) has revised its net capital (NC) rules...
Promoters of Rapper TI’s 2017 ICO Ordered to Pay $103K Penalty
18.11.2020
The associates are also barred from selling digital securities for five years
Scaramucci’s Billion-Dollar Mega Hedge Fund Skybridge ‘May Hold Positions’ in Bitcoin
17.11.2020
In a filing registered with the U.S. Securities and Exchange Commission (SEC), the giant global investment firm Skybridge Capital explained that the fund Skybridge G II may invest in digital currencies like bitcoin. On November 13, the New York-based company with $7.7 billion assets under...
Nigerian Authorities Put Mastermind of the Inksnation Crypto Scam on Wanted List
16.11.2020
Nigeria’s Economic and Financial Crimes Commission (EFCC) is seeking the public’s help in locating Omotade Sparks Amos Sewanu, the mastermind behind the Inksnation crypto scam. According to a notice published in the local media on November 11, the EFCC wants Sewanu to respond to fraud...