Tag Archives: sec

The popular encrypted messaging application Telegram won’t be able to issue its GRAM tokens, for now. This becomes clear as a US District Court granted an injunction against the company in its lawsuit filed by the Securities and Exchange Commission (SEC).Howey Test Positive: GRAM Are SecuritiesTelegram’s GRAM sale has been officially halted following a lawsuit filed by the US Securities and Exchange Commission. According to a document issued by a United States District Court on March 24, the...

A new more detailed version of the U.S. Cryptocurrency Act has been officially presented by Paul Gosar.The U.S. Cryptocurrency Act of 2020 has been introduced at the Congress. Sources say that Rep. Paul Gosar has presented the act alone. Co-sponsors usually do this together.As per the Act, digital assets are of three kinds: crypto commodities, crypto securities and cryptocurrencies. The U.S. CFTC, the SEC and the Treasury’s FinCEN are the three agencies that will regulate them.Tokens such as...

Inovio (INO) stock has now erased some of its YTD gains after Citron Research suggested the company was grandstanding. Citron’s analysts now put INO at $2.Several factors affect the volatility of financial markets all over the world. In recent times, it’s been the coronavirus outbreak. The uncertainty and fear have caused a general plunge in the markets. However, some stocks – specifically biotech companies – rode on the epidemic for a time, and increased in value. Inovio Pharmaceuticals Inc...

James Anderson, a major investor in Tesla Inc. said the company is better run after independent directors were appointed to supervise Elon Musk. But today TSLA stock is in red.Today Tesla Inc (NASDAQ: TSLA) stock is down more than 10%. At the moment of writing, it is trading at $631.27.James Anderson, head of global equities for Baillie Gifford, one of Tesla Inc’s biggest institutional investor, said TSLA stock is now considered a “better run”. The company had its legal problems after it...

Ripple’s partner Moneygram will work with Google Cloud and Amazon Web Services to enhance its opportunities and increase customer satisfaction.MoneyGram is working with new partners. These partners are Google and Amazon. They will reportedly use their services to make MoneyGram’s services better. Amazon’s cloud services (AWS) will make transactions faster. Google Cloud will help study customer behavior. The cost of transferring money is now cheaper due to the increase in digital services....

INX IPO will launch soon in New York, security exchange from Gibraltar is planning to change the industry with fully regulated trades. The exchange will feature extended compliance and two separate trading layers – for crypto and for classic securities.This could be one of the biggest business deals in the history of cryptocurrency. INX Ltd., entering a 130 million IPO stage, wants to establish in New York to avoid problems with almighty regulators. Smart move, considering that people like...

Former action film actor Steven Seagal is in trouble with the Securities and Exchange Commission (SEC). The “Above the Law” and “Under Siege” star has agreed to pay more than $300,000 in penalties to the agency to settle the fact that he failed to disclose to agents that he had been paid a hefty sum to promote a cryptocurrency venture.Steven Seagal Hit Hard by the SECFederal securities laws are in place that require celebrities to reveal any and all payments they might receive for touting,...

Ripple failed to persuade a judge in Oakland, California to dismiss the class-action lawsuit. Will this situation seriously influence XRP price and the company’s plans for an IPO?A technical correction during the recent period plunged the XRP price down by approximately 36 percent. Unfortunately, the correction doesn’t seem to be stopping. At the time of writing, XRP was down 1.77% to $0.24. And what is even worse, those are nor our neither analysts’ predictions. These words came from Ripple...

The Securities and Exchange Commission has charged Steven Seagal for unlawfully participating in an initial coin offering (ICO). The popular Hollywood actor has ultimately agreed to pay over $350,000 for violating the anti-touting law.SEC Fines SeagalThe ICO bubble of 2017 and 2018 raised concerns among some world regulators, including the SEC. The U.S. watchdog warned back then that tokens sold as initial coin offerings (ICOs) may be securities. Ever since then, the Commission has been...

MoneyGram is one of the major partners of Ripple. And it received good investments from it. In the last half-year, it got a sum of another $11 million.It appears that in the last 6 months Ripple provides to MoneyGram an additional $11 million in investments. These indications were reportedly noticed in recent filings with the U.S. SEC by MoneyGram. Last year Q3 and Q4 reports indicate remittances to MoneyGram by Ripple Labs Inc. The sums were broken down into $2.4 million in Q3 and $8.9...