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Tag Archives: sec

Investor Seeking Ripple’s Response over Ongoing XRP Sales

Ripple Labs Inc, and its CEO Brad Garlinghouse are enmeshed in a lawsuit with Bradley Sostack who is the court-appointed plaintiff in a lawsuit that argues that Ripples monthly Escrow sales of its token constitute illegal sales of securities.The filing which was made public on Monday indicates that the new claim was made as a result of Ripples’ motion to dismiss the suit in September. Ripple is basing its argument on the statute of repose where the plaintiff didn’t file any charges within the...

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SEC’s vs. Ripple Next Chapter Begins Today

Today the next chapter of a long-running and closely watched lawsuit against Ripple will happen. The plaintiff, Bradley Sostack, has time until the end of this Monday to file a response to the startup’s September 20 motion to dismiss. If the case won’t be entirely dismissed, it will probably go into discovery next year.As we already reported, the main point of this dispute is the question of whether Ripple’s cryptocurrency XRP is a security or not.If it is, that means that it should have been...

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Ripple Invests in Biometric Cyber Security Startup Keyless

Photo: PixabayBlockchain startup Ripple is once again in news for investing in a cybersecurity startup called Keyless in the latest $2.2 million seed funding round. Keyless specializes in creating security products that can unlock access to users’ biometric data and private keys.Based in London, Keyless claims itself to be the first global company combining biometrics with multi-party computation. With its unique product offering, Keyless has attracted major investors like venture fund...

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Jack Dorsey Invests $10M in the Startup ICO Platform CoinList

Token offering platform CoinList raised $10 million with a little help from Twitter and Square CEO Jack Dorsey. CoinList was founded back in 2017 as a spin-off of AngelList, and it acts as an ICO exchange platform that at first received support from investment company Polychain Capital, and upraised more than $9 million in its virgin funding tour. Since then, the company is directing regulatory rules concerning initial coin offerings (ICOs), a popular capital acquisition vehicle for emerging...

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Deutsche Bank Suffers a 832 Million Euro Setback amid Ongoing Restructuring

Deutsche Bank has embarked on a comprehensive restructuring plan, in a move to revive its failing business, according to reports from earlier this year, but recent events show that its program may not be going as expected. Deutsche Bank took a devastating financial blow which has totally derailed it from its intended market target.Surrounded by an ongoing restructuring plan, the German lender has released its third-quarter report for 2019 on Wednesday, which shows a net loss of 832 million...

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Bitmain Files Secret IPO Application with Deutsche Bank as Sponsor

Even though there’s currently no official word from the company, it has been reported that China’s Bitmain Technologies – one of the largest crypto mining manufactures in the world – has secretly made an official application with the United States Securities and Exchange Commission (SEC), to float an initial public offering (IPO). The move is also said to be fully backed by a German multinational financial services company, Deutsche Bank.Because it is supposedly a secret filing, there aren’t...

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Former Bank of America Executive Joins Ripple as Head of Regulatory Affairs

The blockchain startup Ripple is currently facing some major regulatory hurdles as investors have raised questions over the state of XRP being securities. To tackle this matter at hand, Ripple has brought some financial industry heavyweights to its board.In one such move, Ripple has recently appointed ex Bank of America executive – Benjamin Melnicki – as its head of Regulatory Affairs. Melnicki’s job at Ripple will be communicating and maintaining absolute transparency regarding Ripple’s...

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Canaan Officially Files for $400 Million IPO on Nasdaq

One of the biggest bitcoin miner manufacturers, the Avalon Bitcoin miner Canaan Creative, publicly filed for a U.S. Initial Public Offering (IPO) on Monday, with big names as underwriters. Credit Suisse, Galaxy Digital, Citigroup, China Renaissance, CMBI, Huatai Securities and Tiger brokers are obliged to pay for and accept delivery of the ADSs offered by this prospectus.The second-largest manufacturer of ASIC mining hardware after Bitmain, Canaan plans to list its shares on Nasdaq under the...

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Tron and EOS Are Now among China’s Favourites in Latest Crypto Rankings

It seems that Tron (TRX) and EOS became China’s favorite children, at least if it’s to believe newly published CCID Crypto Ranking. The Chinese Ministry of Industry was always perplexing its selection of criteria, putting EOS up at the top based on its innovation.But let’s start with Tron. The Chinese blockchain platform that was previously under strict scrutiny from Beijing, got its satisfaction last week when Chinese President Xi Jinping gave a speech almost celebrating blockchain. China,...

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Tesla Could Rise to $4000 per Share, Says Ark Investment Management CEO

Ark Investment Management founder and CEO Catherine Wood commented that huge jump in Tesla’s stocks that began yesterday after the company released its earnings is just “the beginning of an eventual rise to $4,000 per share and possibly beyond.”And she might be right, because, even though the earnings were nothing special, they were still better-than-expected and at the stock ended yesterday trading with a rise of 17.67% to $299.68. However, at the time of writing, the stock was in a slight...

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