The U.S. Securities and Exchange Commission (SEC) has filed charges against NovaTech Ltd. and its principals, Cynthia and Eddy Petion, for allegedly organizing a crypto fraud that defrauded over 200,000 investors worldwide, including many within the Haitian-American community. The SEC’s complaint details that NovaTech, under the leadership of the Petions, was promoted as a multi-level marketing (MLM) and crypto asset investment program. $650 Million Crypto Ponzi Scheme...
Read More »XRP Lawsuit: SEC Has Only 10% Chance of Winning an Appeal, Ripple CLO Boasts
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Read More »Coinbase Blasts SEC’s Arbitrary Approach to DEX Compliance
Coinbase submitted its third comment letter highlighting significant flaws in the US Securities and Exchange Commission’s (SEC) cost-benefit analysis of the proposed rule. The letter argued that the agency has failed to assess the rule’s economic impact on efficiency, competition, and capital formation. Despite acknowledging a lack of critical information on decentralized exchange (DEX) operations and compliance costs, Coinbase said the SEC has proposed vague benefits that...
Read More »US Court of Appeals Revives HEX Manipulation Case against Binance.US
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Read More »XRP Ledger Makes History with 90 Million Ledgers Closed
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Read More »XRP Options Market Surges as Traders Bet on $1.10 Price Spike by End of August
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Read More »XRP Whale Holdings Hit All-Time High Amid Ripple v SEC Lawsuit Update
XRP has decoupled from the broader crypto market, outperforming all top assets in terms of daily gains. While the rest of the market struggles, XRP experienced a sharp price increase of nearly 20% in the past day, reaching $0.64 on Thursday before slightly retracing to $0.61. As a result of the continued uptrend, XRP has managed to post an impressive 42% in monthly gains. This bullish trend is backed by a certain group of whale wallets that have accumulated a significant...
Read More »SEC and Ripple Mighty Pursue Appeal after Landmark Ruling
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Read More »NYSE American Seeks SEC Nod for Options Tradings on Three Ethereum ETFs
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Read More »SEC Requests Court to Deny Coinbase’s ‘Broad’ Subpoena Request
The U.S. Securities and Exchange Commission (SEC) has asked a New York court to reject Coinbase’s subpoena, which seeks to compel the agency to produce documents related to crypto assets. The SEC described them as covering “essentially all documents that in any way relate to crypto assets.” SEC Opposes Coinbase’s Subpoena Request The motion filed on Monday represents the latest development in the legal battle between the SEC and Coinbase. The exchange is attempting to...
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