Search Results for: sec

BitNile Holdings Announces Postponement of the Distribution of Securities of Imperalis Holding

BitNile still intends to distribute to its stockholders 140 million shares and warrants to purchase an additional 140 million shares of Imperalis LAS VEGAS–(BUSINESS WIRE)–$AP #Agora_Digital—BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”), announced today that the record date for the stock dividend for

December 28, 2022 4 mins read

Latest Enhancements To ShareRing Vault Keeps Your Data Safe and Secure

Consumers and organizations throughout the world have to manage large amounts of data and sensitive personal information. Most Internet users regularly work with a wide range of apps on a daily basis. Each of these apps requires users to provide personal information and can potentially compromise consumers’ personal data. However,

December 27, 2022 3 mins read

Ripple: SEC Attempts to Conceal the Hinman Speech Documents

The U.S Securities and Exchange Commission (SEC) is attempting to keep the notorious “Hinman Speech” documents, connected with the Ripple case. According to a recent report, the SEC has requested that the Hinman documents be sealed, alleging that they do not have relevance to the court’s summary judgment ruling. The

December 26, 2022 1 min read

U.S. DOJ Cracks Down on Crypto Exchanges Engaged in Illicit Activities

FTX indemnifies $12 million as security before filing for its Bankruptcy

The FTX crypto exchange became obsolete after its sister company Alameda Research had its felonious hands over the FTX Users’ funds. FTX along with its 130 more affiliated companies commenced their voluntary chapter 11 under the U.S. Bankruptcy code. According to the U.S. District Court, the debtors (FTX) paid $12

December 24, 2022 1 min read

Caroline Ellison Admits to Hiding Billions of Secret Loans From FTX

The former CEO of Alameda Research, Caroline Ellison, admitted that she and Sam Bankman-Fried, a co-founder of FTX, deliberately misled lenders about the funds which the bankrupt trading company was borrowing from the cryptocurrency exchange. Additionally, Caroline Ellison admitted in the court record of her hearing on 19th December how

December 24, 2022 2 mins read

Aave Community Unanimously Supports CRV Borrowing Prohibition

Aave To Introduce Proof of Reserve Approach To Secure Bridging Assets

As the decentralized finance (DeFi) spin on the centralized exchanges is scrambling to shore up client trust in the aftermath of FTX, Aave will introduce a “proof of reserve” approach to secure bridging assets on Avalanche. Over ninety-nine percent of participants in the decentralized autonomous organization (DAO) that manages Aave,

December 23, 2022 2 mins read

Ex-SEC Chief John Reed Stark's Alarm Call: Get Out of Crypto Now

SEC Warns Crypto Investors: “Be Wary Of Proof of Reserve”

The Securities and Exchange Commission (SEC) of the United States is increasing its scrutiny of audit firms’ work with cryptocurrency companies. A senior US SEC official has urged investors to be “extremely careful” of relying on a crypto company’s “proof-of-reserves.” Paul Munter, SEC’s acting chief accountant stated: “We’re warning investors

December 23, 2022 1 min read

LBRY Filed a Motion to Restrict the SEC’s Remedies

In this complaint, LBRY has filed a Motion for Expedited Consideration of an Oral Argument in Aid of its Motion to Limit the SEC’s Remedies. They also mention the court proceeding in the United States District Court for the District of New Hampshire. #XRPCommunity #SECGov v. #Ripple #XRP #LBRY In

December 23, 2022 2 mins read

SEC Chair Gary Gensler's Crypto Regulatory Views Unchanged Despite Criticisms

Firms Auditing Crypto Firms Being Watched Closely by U.S SEC

Audit firms doing crypto company audits may expect heightened attention from the U.S. Securities and Exchange Commission (SEC). The SEC has voiced worry about the possibility of investors being given a false sense of security by auditing reports, increasing their vulnerability to cryptocurrencies. This comes after a number of cryptocurrency

December 22, 2022 2 mins read

Announcing Kraken Pro: The Secure Trading Platform for Advanced Clients

Institutional-grade performance with a modern, highly customizable user interface SAN FRANCISCO–(BUSINESS WIRE)–Kraken, one of the world’s longest standing and most trusted crypto platforms, is proud to announce the public launch of Kraken Pro. The powerful web platform encompasses a full suite of advanced trading tools and unified access to spot

December 22, 2022 3 mins read