Tag Archives: sec

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Binance – the world’s largest crypto exchange – on Monday, alongside its CEO Changpeng Zhao (CZ) and partner firm, Binance US. Allegations include securities law violations such as self-dealing market manipulation, and the sale/offer of multiple unregistered securities.  According to a press release from the SEC on Monday, the agency alleged that both Binance and Binance US operated “unregistered...

In addition to the series of layoffs, Spotify was forced to cancel 11 original podcasts from its in-house studios including ‘How to Save a Planet’, ‘Crime Show’, and ‘Medical Murders’. Music streaming platform Spotify Technology SA (NYSE: SPOT) has announced plans to cut its workforce by 2% leaving up to 200 employees without jobs. According to the announcement, Spotify is carrying out this exercise as part of an effort to diversify how the company handles partnerships with podcasters...

As part of a government-backed rescue plan earlier this year as well as a bid to prevent any financial market instability, UBS acquired Credit Suisse in a $3.2 billion deal. The long-awaited conclusion of the Credit Suisse Group AG (SWX: CSGN)  acquisition by investment banking giant UBS Group AG (SWX: UBSG) may happen “as early as June 12”. This will signify the birth of a massive Swiss bank with a balance sheet of $1.6 trillion. All that is left for the deal to be completed is its...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Is crypto in America dead? According to early crypto investor and venture capitalist Chamath Palihapitiya, the answer is a resounding “yes.” Chamath Palihapitiya Doesn’t Think Crypto Has a Future in America During a recent podcast interview, Palihapitiya mentioned that U.S. financial agencies like the...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Leading digital currency exchange Coinbase is getting ready to release its new Base protocol in late 2023. Coinbase Says It Will Bring One Billion Users Onboard Base is an Ethereum-focused, layer-2 blockchain. The program has been in a testing phase since February of this year, and those in charge are now...

The former SEC chief hinted that influencers adopt various strategies to deceive and mislead their followers into making uncalculated investment decisions.  The US Securities and Exchange Commission (SEC) is increasing its efforts to regulate and enforce compliance among crypto influencers, as former SEC Chief John Reed Stark issues a stern warning about potential prosecutions. In a Twitter post on Wednesday, Stark, who headed the SEC’s Internet Enforcement unit for 11 years, cautioned...

The Ripple lawsuit is now rounding out its 29th month. Ripple Labs (XRP) has spent over $200M defending itself in court. Cardano and Ethereum founder Charles Hoskinson said it will probably be resolved in June. During a recent “Surprise AMA” interview on YouTube, a viewer asked Hoskinson: “Charles, do you think the Ripple case gets resolved soon?” To which Mr. Hoskinson answered: “Yes, I do. I think it’s probably next month.” The co-founder of Ethereum and founder and driving...

The Securities and Exchange Commission (SEC) announced on Tuesday that ex-Coinbase manager Ishan Wahi and his brother, Nikhil Wahi, agreed to settle charges for insider trading using knowledge from the exchange.  The former has been forced to forfeit 10.97 ETH ($20,848.92) and 9,440 USDT, while the latter was made to forfeit $$892,500. The End of Crypto’s First Insider Trading Case According to the SEC’s press release, the brothers’ fines represent penalties for disgorgement...

US presidential candidate Robert F. Kennedy Jr. shared his disapproval of SEC’s enforcement action against the crypto industry and plans to include crypto-friendly members on the board when elected president. In an exclusive interview with TheStreet, Robert F. Kennedy Jr. (RFK Jr.), an aspiring US presidential candidate, criticized the Securities and Exchange Commission (SEC) for taking an enforcement approach to regulating the crypto industry. Kennedy said such a heavy regulatory...

Crypto exchange Gemini and bankrupt digital asset lender Genesis Global Capital have jointly filed a motion to dismiss a lawsuit from the U.S. Securities and Exchange Commission (SEC) against the former’s Earn program. According to a document filed at the United States District Court for the Southern District of New York on Friday, May 26, Gemini and Genesis insisted that the SEC has no basis in law to describe the Earn product as the sale of unregistered securities, as it...