In the ongoing legal proceedings between the Securities and Exchange Commission (SEC) and Terraform Labs, the SEC has filed a request for Judge Jed Rakoff to determine if Terraform offered and sold unregistered securities. This article provides a detailed analysis…
Federal Judge Questions SEC’s Treatment of DEBT Box, Raises Concerns and Potential Sanctions
The Securities and Exchange Commission (SEC) has come under fire from a federal judge over its handling of a case involving a crypto firm, DEBT Box. The judge expressed concerns that the SEC had made “materially false and misleading representations”…
Founder of Hex, Pulsechain, and PulseX faces legal action as the SEC files a lawsuit
Renowned figure in the cryptocurrency field Richard Heart is facing legal action from the US Securities and Exchange Commission. He is the creator of Pulsechain, PulseX, and Hex, three significant cryptocurrency platforms. And here’s what happened—something completely unanticipated. Serving Heart…
Pro-XRP Attorney Challenges Hoskinson on ADA’s Non-Security Status Amid SEC Scrutiny
In the ever-shifting landscape of digital currencies, attention recently pivoted towards Charles Hoskinson, the mastermind behind Cardano, amid an escalating wave of regulatory scrutiny. Concurrently, the U.S. Securities and Exchange Commission (SEC) initiated a fresh enforcement action directed at Kraken,…
SEC Accuses Kraken of Co-Mingling $38 Billion in Customer Funds
In the rapidly evolving world of cryptocurrencies, the issue of secure asset management has become a crucial focal point for investors and regulatory bodies alike. Recent developments have shed light on the practices of some prominent cryptocurrency exchanges, raising concerns…
Crypto Exchange Bittrex Global shuts down after SEC imposes $24 million fine
We regret to inform you that Bittrex Global, a prominent crypto exchange based in Lichtenstein, has made the difficult decision to wind down its operations. Starting from December 4, 2023, all trading activities on Bittrex Global will be suspended. This…
Advocating for Regulatory Clarity: Challenging SEC Claims to Safeguard the Crypto Industry’s Existence in the U.S
Amidst a recent legal contention initiated by the Securities and Exchange Commission (SEC), Kraken, the third-largest cryptocurrency exchange in the realm of spot-market trading volume, finds itself under the accusatory lens for allegedly transgressing U.S. securities law. The central charge…
BlackRock Submits Application for Spot Ethereum ETF with the SEC
In the ever-evolving world of cryptocurrencies, as reported by CNBC television, we bring you the latest insights and developments from the crypto space. Join us as we dive into the current market conditions, explore regulatory updates, and provide valuable analysis…
Thailand’s Digital Assets: Gulf Binance’s SEC-Approved Platform Focuses on Security, Compliance, and Blockchain Progress.
Gulf Binance Company Limited (Gulf Binance), a joint venture between Gulf Innova Company Limited and Gulf Energy Development Public Company Limited, has obtained approval from the Securities and Exchange Commission, Thailand (SEC) to commence operations in the digital asset business.…
Cathie Wood, CEO of ARK Invest “Bitcoin Represents the Revolution in Money”
In the dynamic landscape of cryptocurrency, as reported by CNBC Television, the spotlight is on Exchange-Traded Funds (ETFs). Collaborating with 21 shares, a global crypto Exchange-Traded Product (ETP) juggernaut with a European focus, we are set to introduce five groundbreaking…