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Search Results for: sec

XRP Community Celebrates Exclusion from CoinGecko’s Security List

Prominent crypto price-tracking platform CoinGecko unveiled a curated list of 48 tokens on August 8, 2023, and categorized them as the “top alleged SEC securities coins.” Leading tokens such as Binance Coin (BNB), Cardano (ADA), Solana (SOL), and Polygon (MATIC) are among those featured. These cryptocurrencies hold a combined market

August 9, 2023 2 mins read

Bitstamp Halts Trading of Seven Cryptos in U.S. Amid SEC Regulations

U.S. consumers will soon no longer be allowed to engage in trading in seven cryptocurrencies, according to the notice made on August 8. This is possibly due to recent regulatory updates by the U.S SEC. Beginning on August 29th, Bitstamp will no longer allow users in the United States to

August 9, 2023 1 min read

Ault Alliance Announces the Completion of the Second Partial Distribution of TOG Securities

Ault Alliance Distributed 40 Shares of Common Stock and Warrants to Purchase 40 Shares of Common Stock of Imperalis Holding Corp. on July 10, 2023 and an Additional 15 Such Shares and Warrants on August 7, 2023 LAS VEGAS–(BUSINESS WIRE)–$AGREE #2nd_distribution_tranche—Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company,

August 8, 2023 5 mins read

CoinGecko’s New Index: Alleged Crypto Tokens as Securities

With the advent of a new index, CoinGecko is now keeping tabs on the most prominent digital tokens that are likely viewed as securities by the United States SEC. According to market cap, BNB ranks first on the “Top Alleged Securities Coins” page, followed by Cardano (ADA), Solana (SOL), and

August 7, 2023 2 mins read

Coinbase Files Brief Seeking Dismissal of SEC Lawsuit

On Friday, Coinbase submitted a brief to the court hearing the SEC case against them, asking that the charges be dropped.  The exchange contended in its brief that, contrary to decades of Supreme Court precedent, it does not provide investment contracts. This comes at a time when lawmakers and authorities

August 5, 2023 1 min read

Coinbase Beats Q2 Earnings Forecast Amid Ongoing SEC Lawsuit

Coinbase announced on August 3 that its Q2 earnings were above forecasts despite being sued by the SEC. Financial results for the corporation exceeded Wall Street forecasts. Analysts had forecast a loss of 76 cents per share, thus the company’s actual loss of 42 cents per share was better than

August 4, 2023 1 min read

Coinbase Releases Second Quarter 2023 Shareholder Letter

REMOTE FIRST COMPANY // SAN DIEGO–(BUSINESS WIRE)–Coinbase Global, Inc. (the “Company” or “Coinbase”) announced today the release of its second quarter 2023 shareholder letter. The letter, including the Company’s financial results, can be found on its Investor Relations website at investor.coinbase.com. The Company will hold a question and answer session

August 4, 2023 2 mins read

Ayre Group–nChain CHF half-billion deal shakes up trillion-dollar blockchain and Web3 sectors

CHF500million deal believed to be the single largest enterprise blockchain IP investment to date LONDON–(BUSINESS WIRE)–Ayre Group founder and Antiguan/Canadian citizen Calvin Ayre has finalized agreements to take a controlling interest in nChain, the global leader in blockchain and Web3 technology, in a deal that will transform the trillion-dollar blockchain

August 2, 2023 4 mins read

Kenya Suspends Worldcoin’s Activities Amid Data Security Investigation

On Wednesday, the Kenyan Ministry of the Interior announced on its Facebook page that it had suspended activities of Worldcoin, while the country’s financial, security, and data protection services investigated the legality and data security of the project. The Ministry stated: “The Government is concerned by the ongoing activities of

August 2, 2023 1 min read

U.S. Court Greenlights SEC’s Case Against Terraform Labs and Do Kwon

To prosecute its fraud case against Terraform Labs and its founder, Do Kwon, a New York federal court has ruled that the U.S SEC may proceed with the case. Nonetheless, the court let the securities regulator go forward, contradicting a prior finding by colleague Judge Analisa Torres, who found that

August 1, 2023 1 min read