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Search Results for: sec

Ault Alliance Announces Settlement of SEC Investigation

LAS VEGAS–(BUSINESS WIRE)–$AGREE #AGREE—Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance” or the “Company”) today announced that the Company, Executive Chairman Milton C. Ault, and Chief Executive Officer William B. Horne have reached a settlement with the U.S. Securities and Exchange Commission (“SEC”) to fully resolve

August 15, 2023 4 mins read

Bears Dominate XRP Prices as Uncertainty Looms Over SEC Lawsuit

One month prior, the price of XRP almost doubled in a short span of time, and this was likely due in large part to developments in the Ripple vs SEC lawsuit. However, the US SEC had recently submitted an interlocutory brief, suggesting that it intends to appeal a previous judgment

August 15, 2023 2 mins read

Breaking: Binance Files Protective Order Against SEC

Cryptocurrency giant Binance has taken legal action against the US Securities and Exchange Commission (SEC), filing for a protective court order due to concerns over the agency’s extensive and burdensome requests for the company’s communications. The move comes after Binance and the SEC had previously reached an agreement in court

August 15, 2023 1 min read

U.S. Senator, Crypto Lobbyists Back Coinbase Against SEC Lawsuit

U.S. Senator Cynthia Lummis filed an amicus brief supporting Coinbase’s motion to dismiss the U.S. Securities and Exchange Commission’s lawsuit. This filing from the senator strengthens the exchange’s request to dismiss the SEC lawsuit. In the legal battle between Coinbase and the U.S. SEC, the crypto exchange requested that the

August 12, 2023 1 min read

U.S SEC Delays Ark Bitcoin ETF Proposal; Seeks Feedback

The U.S. SEC released a notice inviting comments on the proposal to list the Ark Spot Bitcoin ETF on Friday, amid significant anticipation leading up to the deadline. The notice was released in order to gather feedback on the proposed rule change to allow the ARK 21Shares Bitcoin ETF to

August 11, 2023 1 min read

Bittrex, Inc. Statement on SEC Settlement

SEATTLE–(BUSINESS WIRE)–Bittrex, Inc. released the following statement today regarding the company’s settlement with the SEC: “We are happy to have resolved the SEC’s alleged $1.3 billion enforcement action for $24 million. Having announced that it would cease operations in the United States before the SEC filed its complaint, the company

August 11, 2023 2 mins read

Breaking: Bittrex Settles SEC Lawsuit for $24M

The US-based crypto exchange Bittrex has agreed to settle with the U.S. Securities and Exchange Commission over the case of offering unregistered securities to U.S. investors. Moreover, the exchange agreed to pay $24 million to the SEC to settle the claims, according to a filing in Seattle Federal Court. Today

August 11, 2023 1 min read

Fireblocks Identifies Security Bugs in Crypto Wallets Including Binance

Crypto fraud and digital thefts are threatening the crypto community. Even the FBI (Federal Bureau of Investigation) has taken steps to alert the NFT scams to the users with a public announcement. Likewise, Fireblocks Network, a secure digital asset transferring network has identified the security bugs affecting wallet providers like

August 10, 2023 2 mins read

Bakkt Reports Second Quarter 2023 Results

Second quarter 2023 results include Apex Crypto, which was acquired on April 1, 2023 and rebranded Bakkt Crypto Solutions In accordance with GAAP, crypto services revenues and crypto costs and execution, clearing and brokerage fees are being presented on a gross basis Gross crypto services revenues of $335.3 million, which

August 10, 2023 15 mins read

U.S SEC Fights Back; Files Interlocutory Appeal in Ripple Lawsuit

After the partial win against the United States Securities and Exchange Commission (SEC), the crypto firm Ripple had seen a market surge with a positive impact. The SEC said that it will be seeking an interlocutory appeal, which is a review of a judgment prior to the full trial’s conclusion. 

August 10, 2023 2 mins read