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CryptoCurrency

SEC Fines Bittrex $24M in Settlement for Unregistered Securities Charges

  • The sum constitutes disgorgement, prejudgment interest, and civil money penalties.
  • In May, Bittrex filed for bankruptcy.
Friday, 11/08/2023 | 10:55 GMT by Jared Kirui
CryptoCurrency

FTX's Debtors Battle for Asset Control amid Restructuring Plans

  • The exchange's debtors have opposed plans to invest USD $2.6 billion in Treasuries.
  • The disagreement arrived when the exchange was planning to restart operations.
Thursday, 10/08/2023 | 15:45 GMT by Jared Kirui
CryptoCurrency

SEC Moves to Overturn Ripple Lab’s Landmark Court Victory

  • The regulator has written to the judge seeking to appeal the ruling.
  • In July, the court ruled on whether XRP is a security in favor of Ripple.
Thursday, 10/08/2023 | 08:00 GMT by Jared Kirui
Retail FX

Wedbush's Recordkeeping Blunders Lead to Multi-Million Dollar Fines by US Watchdogs

  • Wedbush Securities was fined $6 million for breaching recordkeeping and supervision CFTC rules.
  • A separate penalty of $10 million was imposed by the SEC.
Wednesday, 09/08/2023 | 06:31 GMT by Damian Chmiel
Institutional FX

SEC Fines 11 Wall Street Firms for Alleged Recordkeeping Violations

  • The companies were fined a combined penalty of USD $289 million.
  • Separately, similar charges have been raised by the CFTC.
Tuesday, 08/08/2023 | 19:43 GMT by Jared Kirui
Retail FX

When Algorithms Rule Finance: SEC Fears AI-Driven Conflict of Interest

  • The commission has published two proposals to adapt regulations to new technologies.
  • The regulator is concerned that AI will be used to the detriment of investors.
Thursday, 27/07/2023 | 07:34 GMT by Damian Chmiel
CryptoCurrency

Bitcoin Exchange-Traded Products (ETPs) Post Record Monthly Investments

  • The inflows were the second-highest since the launch of the first Bitcoin-based ETF.
  • The recent applications for spot Bitcoin ETFs await the SEC’s approval.
Wednesday, 19/07/2023 | 10:24 GMT by Jared Kirui
CryptoCurrency

SEC Seeks Public Opinion Ahead of Groundbreaking Decision on Spot Bitcoin ETFs

  • The regulator is expected to decide on a series of applications for spot Bitcoin ETFs.
  • The SEC recently received applications from asset managers, including BlackRock.
Monday, 17/07/2023 | 16:02 GMT by Jared Kirui
CryptoCurrency

Ripple Eyes US Banks after Legal Victory against the Regulator

  • The blockchain firm expects more financial institutions to use XRP.
  • MoneyGram ended its partnership with Ripple in 2021.
Monday, 17/07/2023 | 08:03 GMT by Jared Kirui
Op-ed
Op-ed
CryptoCurrency
Op-ed
Op-ed

With a New Act in Place, the UK May Be Embracing Crypto More than Ever

  • The new Financial Services and Markets Act enables regulation to safely adopt crypto.
  • VC firm a16z moving to London, while Binance exits the UK, and the BoE looks to CBDCs.
Friday, 07/07/2023 | 02:00 GMT by Sam White
CryptoCurrency

Binance’s Market Share Drops amid Regulatory Pressure

  • The market share of the exchange’s US affiliate declined the most.
  • That of the global exchange dropped to 52% in June.
Thursday, 06/07/2023 | 08:09 GMT by Jared Kirui
Retail FX

Boiler Room Defrauds Investors of $35 Million, SEC Intervenes

  • The SEC has obtained a provisional injunction against Legend Venture Partners LLC.
  • According to allegations, the company conducted a pre-IPO stock fraud scheme.
Wednesday, 28/06/2023 | 08:20 GMT by Damian Chmiel
Retail FX

FX Ponzi Scheme Deceived 1,500 Individuals with False Promise of 325% Returns

  • About $70 million was used for Ponzi-lile payments.
  • The scheme primarily targeted Haitian-Americans.
Tuesday, 27/06/2023 | 11:45 GMT by Damian Chmiel
CryptoCurrency

Coinbase Faults the SEC for Not Responding to Court Orders

  • The exchange accuses the regulator of an 'evasive response' to court orders.
  • Coinbase petitioned the SEC last year to set clear crypto rules for digital assets.
Monday, 19/06/2023 | 10:52 GMT by Jared Kirui
CryptoCurrency

Binance.US and SEC Negotiate to Avoid Total Asset Freeze

  • The negotiations have been referred to a magistrate court.
  • A total asset freeze motion was filed by the SEC against the exchange.
Wednesday, 14/06/2023 | 15:27 GMT by Jared Kirui
Op-ed
Op-ed
Retail FX
Op-ed
Op-ed

Data Volumes Are Growing Rapidly, and so is the Need to Archive Them

  • Record-Keeping Requirements Continue to Intensify.
  • 4 digital archiving trends that will shape the remainder of 2023.
Thursday, 23/03/2023 | 20:05 GMT by Harriet Christie
CryptoCurrency

SEC Hits TRON Founder Justin Sun, 8 American Celebrities with Charges

  • The regulator accused Sun of engaging in wash trades with TRX token.
  • The celebrities were charged for promoting TRX and BTT without disclosing compensation.
Wednesday, 22/03/2023 | 21:17 GMT by Solomon Oladipupo
CryptoCurrency

Coinbase Wants to Convince SEC Staked Tokens Are Not Securities

  • In 'Petition for Rulemaking', Coinbase convinces that 'staking services are not a monolith'.
  • The exchange states that SEC actions may decrease the US crypto market competitiveness.
Tuesday, 21/03/2023 | 10:18 GMT by Damian Chmiel
Institutional FX

SVB Financial Executives' Share Sales under Scrutiny in Ongoing SEC and DoJ Probes

  • DoJ and SEC join Fed in examining the SVB's crisis.
  • Investigations include reviewing SVB Financial executives' shares sales before the collapse.
Wednesday, 15/03/2023 | 09:43 GMT by Damian Chmiel
Institutional FX

Credit Suisse Highlights "Material Weakness" in Delayed Annual Report

  • The lender's shares are testing all-time lows.
  • The collapse of SVB only makes the troubled bank's situation worse.
Tuesday, 14/03/2023 | 10:43 GMT by Damian Chmiel
Institutional FX

Credit Suisse Delays Annual Report and Cuts Investment Banking Jobs

  • CS shares fell after the SEC call forced the lender to delay its report.
  • Additionally, the bank is cutting other investment banking jobs.
Thursday, 09/03/2023 | 12:05 GMT by Damian Chmiel
CryptoCurrency

Binance Talks about Compliance Gaps and Expects to Pay Penalties

  • The company's CSO confirmed that in the past, Binance had small "gaps" in its regulatory compliance.
  • Crypto exchange expects to pay penalties to resolve the US investigations.
Thursday, 16/02/2023 | 12:40 GMT by Damian Chmiel
CryptoCurrency

Paxos Stops BUSD Mint after SEC Action, Binance's CZ Calms "Funds Are Safe"

  • SEC's decision might change the broad picture of the crypto industry.
  • If recognized as securities, BUSD will have to be withdrawn from the Binance offering.
Monday, 13/02/2023 | 12:36 GMT by Damian Chmiel
CryptoCurrency

Kraken Shuts Staking-as-a-Service in US amid $30M SEC Settlement

  • The exchange will continue to offer staking for non-US customers.
  • The SEC raised concerns about the risks of staking-as-a-service platforms.
Friday, 10/02/2023 | 06:54 GMT by Arnab Shome
CryptoCurrency

Kraken Faces SEC Probe over Unregistered Securities Listings

  • Neither the regulator nor the exchange officially confirmed the investigation.
  • The probe is believed to be in advanced stages with possibilities of a settlement.
Thursday, 09/02/2023 | 07:31 GMT by Arnab Shome
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