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Tag Archives: sec

Is Ethereum (ETH) a Security? SEC Chair Still Won’t Say

Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), still won’t give a straight answer on whether Ethereum (ETH) legally classifies as a security. During a Thursday interview with Bloomberg, the chairman was asked to clear the regulatory fog surrounding the second-largest cryptocurrency, given that Ethereum spot ETF applications are now piling up on his agency’s desk. Why Won’t Gensler Answer? Gensler’s response was, as usual, vague – and re-directed...

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Brave Browser Embraces Bitcoin (BTC), Enabling Seamless Crypto Integration for Users

CoinspeakerBrave Browser Embraces Bitcoin (BTC), Enabling Seamless Crypto Integration for Users The latest desktop version (1.63) of Brave Wallet introduces Native SegWit Bitcoin accounts, a cutting-edge feature that offers users lower transaction fees and enhanced error detection capabilities. Brave Browser Embraces Bitcoin (BTC), Enabling Seamless Crypto Integration for Users

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Binance.US Hit by Layoffs and 75% Revenue Drop Amid SEC Lawsuit Aftermath: Report

According to Fortune, Binance.US is facing significant challenges, including forced layoffs and a decline in revenue, following legal actions initiated by the U.S. Securities and Exchange Commission (SEC). In newly released court documents, Binance.US Chief Operating Officer Christopher Blodgett disclosed that the company has been compelled to terminate over 200 employees, amounting to two-thirds of its workforce, since June. Forced Layoffs and Revenue Plunge This downsizing...

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Terraform Labs Faces SEC Scrutiny Over Suspicious $166 Million Payment: Report

In a recent filing, the U.S. Securities and Exchange Commission (SEC) has urged the Delaware bankruptcy court to reject Terraform Labs’ proposal to retain Dentons U.S. LLC as its special counsel. The SEC has raised concerns about the amount paid to Dentons, describing it as “suspicious.” SEC Raises Concerns Over TFL’s $166M Transfer The SEC noted that Terraform Labs transferred $166 million to the Dentons Advance Payment Retainer. Out of this total, $122 million was moved...

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