Thu, October 29

Search Results for: sec

SEC Shuts Down Fraudulent Crypto Firm Over Ponzi Scheme

A fake cryptocurrency offering that specifically targeted the Latino population in the United States was immediately shut down by the Securities and Exchange Commission (SEC). According to an SEC complaint published on Monday. Houston natives Mauricio Chavez and Giorgio Benvenuto, who ran the Texas business CryptoFX, “used the attraction and

October 5, 2022 1 min read

SEC Filing Reveals Elon Musk’s Twitter Purchase Back on Track

According to a Twitter representative, the firm plans to finalize for $54.20 per share. On Tuesday, Twitter’s share price surged as the news of Elon Musk’s SEC filing spread. The new SEC filing about the acquisition raises the prospect that Elon Musk’s takeover of Twitter could soon come to an

October 5, 2022 2 mins read

Halen Technology, a Travel and Mobile Delivery Super App, Launches Security Token Offering (STO), NFTs and Social Tokens for Seed Investors

The distribution of 300 million reward tokens is Halen’s newest perk for participating investors – the super app’s next step into web3 technology of the future will enable digital transfer of tokens WASHINGTON–(BUSINESS WIRE)–Halen Technology, a community-based super app creating an integrated world of shared services, including flight booking, ride

October 4, 2022 3 mins read

U.S Government Pushing Congress To Regulate Crypto Sector

The Biden administration has urged Congress to act swiftly to establish a stable regulatory framework for cryptocurrencies. It is becoming more obvious that countries throughout the world are adopting cryptocurrencies. Despite certain nations’ lack of support, the cryptocurrency market remains popular among investors. This is true in a number of

October 4, 2022 2 mins read

Former CFTC Commissioner Backs Crypto Sector Over SEC

Quintenz is now an adviser partner at Andreessen Horowitz. Upon leaving the CFTC, he supervised the listing of BTC futures contracts in the U.S. Former CFTC Commissioner Brian Quintenz has acknowledged that the cryptocurrency sector has valid complaints about the Securities and Exchange Commission (SEC). But he does not attribute

October 3, 2022 1 min read

The XDC Network Secures $50M From LDA Capital to Drive Ecosystem Development

DUBAI, United Arab Emirates–(BUSINESS WIRE)–The founders of the XDC Network have leveraged a portion of their personal token allocations to secure a $50 million commitment from global alternative investment group LDA Capital Limited to accelerate the expansion and development of Layer 2 projects across the XDC Ecosystem and to facilitate

October 3, 2022 3 mins read

Celsius Stablecoin Sale Proposal Withheld by Securities Regulators

The Celsius stablecoin sale plan is oppose by Texas and Vermont regulators. A hearing on the issue is schedule for October 6. The Texas State Securities Board and the Vermont Department of Financial Regulation filed objections to Celsius’s intention to dispose of its stablecoin assets to bolster its finances in

September 30, 2022 1 min read

U.S. District Court Orders SEC to Release Hinman Documents

The U.S District Court rejected the SEC’s attempt to conceal Hinman Documents. William Hinman previously claimed that Ether was not a security. Ripple Labs is now one step ahead in the ongoing legal dispute with the US regulatory body, the Securities and Exchange Commission (SEC). The U.S. District Court Judge

September 30, 2022 2 mins read

Thailand SEC Imposes Fine on Crypto Exchange Bitkub

The Thai SEC had already issued punishment prior to these new court requests. The SEC has accused the trio of wash trading. Once again, the Thai Securities and Exchange Commission (SEC) is filing suit against leading exchange Bitkub and two people. After being found guilty of wash trading, the SEC

September 28, 2022 2 mins read