The XRP token surged over 15% in the last 24 hours after its issuer’s reports. Investor’s hope increased after Ripple well-placed in the winning position of the landmark case with the U.S. Securities and Exchange Commission on Tuesday. The SEC sued Ripple in 2020, alleging the firm sold unregistered securities.
The largest crypto exchange Coinbase Global reported receiving a “Wells Notice” from the Securities and Exchange Commission. Alerts Coinbase that the SEC staff has made a “preliminary determination” to recommend an enforcement action against the cryptocurrency exchange for breaking federal securities laws. According to a regulatory filing on Wednesday, the
The Securities and Exchange Commission (SEC) accused Tron founder Justin Sun on Wednesday of orchestration of the unregistered offer and sale, manipulative trading. And unlawful touting of crypto asset securities. Today we charged crypto entrepreneur Justin Sun and three of his wholly-owned companies for the unregistered offer and sale of
ALPHARETTA, Ga.–(BUSINESS WIRE)–Bakkt Holdings, Inc. (NYSE: BKKT) announced today that it will participate in a virtual fireside chat hosted by Rosenblatt Securities. The fireside chat will take place on Wednesday, March 29, 2023 at 2:00 PM ET. Interested parties can listen to a live audio webcast of chat from the
The U.S. Securities and Exchange Commission (SEC) has subpoenaed SushiSwap and its CEO, Jared Grey, shocking the cryptocurrency market. The firm is in the midst of conversations with the financial watchdog. And has so far refrained from making any public comments related to the probe. Moreover, Jared Grey reported on
The anonymous team offering tomiNET, a DAO-governed, surveillance-free alternative to the World Wide Web, raises $40 million to attract top-tier publishers and further develop the network NEW YORK–(BUSINESS WIRE)–tomi, an anonymous project led by eight big names in crypto, secures $40 million for its DAO-governed alternative internet network in a
The cryptocurrency market has grown rapidly over the past decade, with its total capitalization even topping the $3 trillion mark a little over a year ago — even though it currently stands at just over $1.2 trillion. As a result, digital asset enthusiasts are becoming increasingly aware of the importance
In response to growing calls for government oversight of the cryptocurrency sector. Taiwan, officially the Republic of China (ROC) on Monday appointed its top financial regulator as the primary agency responsible for doing so. Chairman of the Financial Supervisory Commission Huang Tien-mu has said that the financial regulator would first
Coinstreet and Somerley’s joint venture Signum Digital has revealed that their security token offering (STO) and subscription platform has been given an “approval-in-principle” by the Hong Kong Securities and Futures Commission (SFC). Security tokens are a new kind of digital asset based on blockchain technology. It reflects ownership of tangible
Since the U.S. Securities and Exchange Commission needs to focus on effective regulations and recommendations relating to securities, rather than erroneous securities cases, Coinbase has submitted an amicus brief in the SEC v. Wahi insider trading case urging the court to dismiss the complaint. According to a tweet sent by
