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Tag Archives: sec

Lawsuits Filed against Binance, Block.one, BitMEX and Other Crypto-Related Companies

Binance, Block.one, BitMEX, BiBox, KayDex, BProtocol, Status and TRON Foundation received the class-action lawsuits. The lawsuits claim that those companies were selling or helping with the selling of unregistered securities.Binance, Block.one, BitMEX, TRON Foundation, BiBox and others received an astral hit. Well, not quite astral, but rather juridical. Because the regulators are mad when someone is doing things wrong.All the lawsuits are filed to the Southern District of New York. Per the...

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Telegram Loses Latest Battle Round with the SEC Over Gram Tokens

Encrypted messaging service Telegram is putting up a fight with the Securities and Exchange Commission (SEC).Telegram Is Duking It Out with the SECThe company is in hot water after the government organization claimed Telegram had failed to properly register a token offering a few years ago that resulted in more than $1 billion in revenue for the messaging service. The enterprise made quite a bit of money after promising delivery of its new “gram” tokens to several individual investors, though...

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Telegram Can’t Sell GRAM Tokens Even Outside The US, Judge Clarifies

Telegram cannot sell Grams outside of the U.S. either, even after the company argued that the tokens wouldn’t reach American investors. New York Judge, however, found those claims insufficient as Telegram couldn’t adequately address them.Telegram’s Issues Spiral OnAs Cryptopotato reported last week, U.S. District Court officially halted the Gram tokens sale following a lawsuit filed by the Securities and Exchange Commission (SEC).Telegram, the firm behind the future blockchain-based project,...

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Santander Plans to Launch Ripple-powered Payments Solution One Pay FX in Mexico in 2020

Santander’s Ripple-powered payments solution, which is set to launch in Mexico, will enhance transparency in operations, improve speed in sending and receiving payment.Aiming at improving transparency, efficiency, and general client satisfaction Spanish bank Santander is going to launch its Ripple-powered payments solution in Mexico later in 2020.This has become known from a Form 20-F filed with the U.S Security and Exchange Commission (SEC) earlier this month, where the Spanish bank revealed...

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Digital Dollar Team Adds 22 Advisors, Hints at Whitepaper in Q2 2020

Ex-CFTC chief’s Digital Dollar Initiative adds 22 new advisors and will release a white paper in the next two months. The Digital Dollar is serious as never, as ex-CFTC, FED, Treasury board directors join the venture.Chris Giancarlo is gathering the industry’s top minds around what could soon become the Bitcoin killer for institutions. The Digital Dollar initiative is serious as never, as ex-CFTC, Treasury board directors join the venture. Digital Dollar Foundation (DDF) issue a press...

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Telegram Won’t be Able To Issue GRAM For Now, As Court Sides With 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...

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U.S. Cryptocurrency Act of 2020 Introduced by Congressman Paul Gosar

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...

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Inovio (INO) Stock Crashes Over 30%, Citron Research Casts Doubt on Coronavirus Vaccine

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...

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TSLA Stock 10% Down, Top Tesla Investor Says Tesla Achieves More after Leadership Shuffle

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...

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Ripple’s Partner MoneyGram Joins Forces with Google Cloud and Amazon Web Services

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....

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