Tag Archives: sec

While filing for an IPO with US regulators, the popular trading platform Robinhood reported a 4% increase in revenue coming from digital assets. Interestingly, more than 30% of that came from the most recent craze in the space – Dogecoin. Dogecoin’s Rise on Robinhood Started in 2013 as a joke, Dogecoin attracted the world’s attention earlier this year following countless interactions by one of the most influential people – Elon Musk. His constant engagements were followed by...

John McAfee – a longtime bitcoin bull and the creator of a popular anti-virus software program that shares his last name – has died in prison. John McAfee Has Taken His Own Life McAfee had been arrested last October and was presently awaiting extradition to the United States while serving time in Barcelona, Spain. His lawyer says that McAfee took his own life by hanging. He had been charged with tax evasion after claiming that the practice of tax collection was illegal...

Popular American rapper and actor Jayceon Terrell Taylor popularly known as The Game is currently facing $12 million charges for allegedly promoting an illegal initial coin offering (ICO). According to a recently amended official filing, he had promoted the unregistered token sale of Paragon Coin, a tech company that came under regulatory scrutiny earlier in 2017. The Paragon Coin Saga Paragon touted itself as a cryptocurrency company that would use the power of blockchain...

Robinhood, the popular crypto-friendly trading platform, has reportedly delayed its plans to go public because of scrutiny from the US Securities and Exchange Commission. The agency has outlined issues with the company’s cryptocurrency-related endeavors. Robinhood IPO Delayed to June Founded in 2013, Robinhood quickly became one of the most utilized trading platforms, with over 20 billion in AUM as of late 2020. The firm has also introduced cryptocurrency services lately,...

Jan van Eck, the CEO of the giant investment manager, VanEck, has asserted that the firm’s customers have a growing appetite for a Bitcoin ETF. This comes amid the company’s frequent attempt to have an exchange-traded product approved in the US. During a recent interview with CNBC, van Eck spoke about the company’s plans to enter the cryptocurrency space through an exchange-traded fund that tracks the performance of bitcoin. The firm has already filed for a few such ETFs. It...

The global investment manager VanEck would have to wait more to receive the SEC’s answer about its Bitcoin ETF application from earlier this year. The Commission’s second delay seeks other interested parties to weigh in on whether such a product will be sustainable. After withdrawing its previous attempts, VanEck filed another application with the US Securities and Exchange Commission in March this year to release a Bitcoin ETF. The agency initially delayed the decision back...

Mark Cuban has taken issue with some comments uttered by John Reed Stark, the former chief of the Office of Internet Enforcement for the Securities and Exchange Commission (SEC). According to Stark, cryptocurrencies like bitcoin and Ethereum bear “no utility,” something that Cuban seems to disagree heavily with. Mark Cuban Rushes to Crypto’s Defense Not long ago, Cuban stated that he owned bitcoin and believed it would be a serious hedge in the future against inflation...

The Securities and Exchange Commission (SEC) has charged five individuals for allegedly taking part in what has come to be known as the Bit Connect scam. Bit Connect Is Still an Open Case Bit Connect collapsed in the year 2018. The event resulted in more than $2 billion in losses for investors, and now it appears five people are being made to answer for the enterprise’s dissolution. Bit Connect was advertised as a “global unregistered digital asset securities offering.”...

Guggenheim Partners may invest in Bitcoin and other cryptocurrency assets through its latest fund called Guggenheim Active Allocation Fund. A recent filing with the Securities and Exchange Commission revealed the giant’s plans to receive the exposure through cash-settled derivatives instruments. CryptoPotato reported last year Guggenheim’s filing in which the behemoth sought SEC approval to allocate up to $500 million in bitcoin through its Macro Opportunities Fund. The large...

In yet another win for Ripple in its lawsuit against the SEC, the Judge has denied the Commission’s motion to compel the payment processor to produce internal information discussing XRP sales with its legal team. As a result, the price of the XPR token surged by double-digits in 24 hours. SEC Denied From Accessing Internal XRP Sale Docs Earlier in May, the Securities and Exchange Commission asked the Court to order Ripple to produce all relevant documents of legal, internal...