Search Results for: sec

OKX Achieves SOC 2 Type II Certification, Demonstrating its Industry-Leading User Safety, Security and Compliance Standards

Hong Kong, Hong Kong, September 20th, 2023, Chainwire OKX, a leading crypto exchange and Web3 technology company, today announced that it has successfully completed the Service Organization Control (SOC) 2 Type II audit, demonstrating that the company’s processes for governing its services, managing sensitive data and protecting data privacy meet

September 20, 2023 3 mins read

Afterparty Secures $5M in Funding to Debut Afterparty AI; Enables Creators to Infinitely Scale Fan Interactions

LOS ANGELES–(BUSINESS WIRE)–Afterparty, the platform empowering thousands of creators with the tools and technology for personal fan connections and monetization, announced today that it has secured $5 million in funding. The strategic growth round was led by Blockchange Ventures, with participation from existing investors Acrew Capital, Act One Ventures, and

September 20, 2023 5 mins read

JPMorgan Commends Binance's $4.3 Billion Settlement

Binance CEO Dismisses Affiliation Claims With Ceffu Amid SEC Dispute

Changpeng Zhao (CZ), CEO of Binance, has responded to the concerns around Ceffu by dismissing reports that Binance’s U.S. branch is affiliated with Ceffu. Ceffu was originally known as Binance Custody, and the continuing dispute between the United States SEC and Binance-affiliated entities, especially Binance U.S, over their apparent relationship

September 19, 2023 2 mins read

Yuga Labs and Magic Eden Partner to Launch New NFT Marketplace

Stoner Cats NFT Floor Price Surges After U.S SEC Action

The Stoner Cats NFT collection is based on an animated series in which a group of cats and an old lady spend their time chilling out while high on cannabis. Seth MacFarlane from “Family Guy,” Chris Rock, and Jane Fonda all featured in the series, which was created by prominent

September 17, 2023 1 min read

Asset Management Firm Ikigai Liquidates $65M Claim in FTX

FTX Fixes Claims Portal With New Security Mechanisms Post Exploit

After a serious cyberattack, FTX has finally fixed its claims site. Kroll, FTX’s third-party agency managing creditor claims, was the planned victim. However, FTX responded quickly, freezing impacted user accounts as a preventative action to guarantee the safety of its customers. Interestingly, a technique known as “SIM swapping” was the

September 17, 2023 1 min read

Binance to Sell GOPAX Shares Amid Regulatory Hurdles in South Korea

U.S SEC Pushes To Disclose Sealed Documents in Binance Lawsuit

The United States SEC recently submitted evidence against Binance U.S in the ongoing action, demonstrating the exchange’s failure to comply in compliance with a previously negotiated consent order. In a separate development, Binance U.S has argued that the SEC’s demands are uncalled for in an emergency restraining order. After filing

September 15, 2023 2 mins read

FTX Secures Court Approval for $3.4B Crypto Asset Liquidation Plan

FTX Secures Court Approval for $3.4B Asset Liquidation Plan

Bankrupt cryptocurrency exchange FTX has received approval from a U.S. court to liquidate its cryptocurrency holdings. This move aims to facilitate the repayment of customers in U.S. dollars and reduce exposure to price volatility in the crypto markets. The U.S. Bankruptcy Judge John Dorsey’s decision allows FTX to sell up

September 14, 2023 1 min read

Binance.US CEO Resigns Amid Second Layoff This Year

Binance.US CEO Brian Shroder has stepped down, and Chief Legal Officer Norman Reed has been appointed to lead the company in the interim. In response to the severe regulatory crackdown by the United States SEC, Binance.US has reduced its workforce by roughly 100 employees. The U.S arm of Binance, which

September 13, 2023 1 min read

Judge Reprimands U.S SEC Over False and Misleading Representations

U.S SEC Chair Criticizes Crypto Industry During Senate Hearing

U.S. SEC Chair Gary Gensler went on to criticize the crypto industry today during a Senate hearing with lawmakers, but he would not provide any hints as to the agency’s plans regarding the numerous applications for Bitcoin spot ETFs that it is presently evaluating. Senator Bill Hagerty (R-TN) questioned Gensler

September 13, 2023 1 min read

BlackRock's Bitcoin ETF Surpasses MicroStrategy's Holdings

Franklin Templeton Applies for a Spot Bitcoin ETF With the U.S. SEC

One of the biggest investing firms in the world, Franklin Templeton, has applied to the U.S. SEC for a spot Bitcoin ETF. Named the “Franklin Bitcoin ETF,” this innovative investment instrument has the potential to usher in the next phase of institutional involvement in the cryptocurrency market. Franklin Templeton’s selection

September 12, 2023 2 mins read