Tag Archives: securities and exchange commission

Telegram’s bank records are going to be released to the United States Securities and Exchange Commission (SEC). This reversal in the case came as a shock to many. The current ICO misconduct court case has taken another dimension. This change came as in a filing yesterday the Court of the Southern District of New York (SDNY) gave Telegram time till February 26 to release them.The filing will also allow the removal of information. This is for privacy reasons. It is also in line with the privacy...

On Friday, the Securities and Exchange Commission (SEC) had filed invoices to the court. The SEC is claiming that brothers Nikolai and Pavel Durov were selling the Gram tokens after the initial pre-sale end.If It Has No Flaws, Invent ThemTelegram officially claimed that they did not conduct any sales after the initial offering end.However, the SEC representatives are sure that Telegram accountants have been messing with papers. Maybe Telegram managers got a total of 1.7 billion during the...

Kik, a Canadian company behind a freeware instant messaging mobile app, has long been involved in a battle with the U.S. Securities and Exchange Commission (SEC) over the enforcement action against Kin token offering in 2017. Now Kik requires trial with the SEC in order to put a legal end to this story.On Thursday, the SEC updated the status of the case and provided a schedule for further proceedings. According to the document, yesterday, on January 9, the parties took a total of 11...

Regulators consider adding some cryptocurrencies to the list of registered securities. This especially true when it comes to PoS and DpoS-based blockchains, with the staking reward model. The annual report made by OCIE says that crypto-related operations will be observed and studied with caution. The crypto companies already in the SEC‘s registry will experience additional checks too.The OCIE is thriving to deliver the best integrity and security to the U.S. markets and economy. The investors...

It has become known that Judge P. Kevin Castel taken a decision to deny without prejudice SEC’s letter which was aimed at revealing the full bank records of Telegram. To deal with this issue the court chose a variant of having a phone call with the participation of all the parties of this dispute.The dispute has arisen as the SEC tries to insist that the Gram token sale that was held by Telegram and that brought the company approximately $1,7 billion from investors was an unregistered...

Telegram has released an official notice about its TON blockchain and Gram tokens. The blog post on the company’s website includes important details about what should be expected by the Telegram community.Telegram has been embroiled in a legal battle with the SEC over several details regarding its Gram tokens. The scuffle between both parties is still quite heated and doesn’t seem to be nearing a resolution anytime soon. Regardless, Telegram decided to make a few things clear as the community...

Snap Inc, the parent company of multimedia messaging app Snapchat, has acquired Ukraine-based startup AI Factory. This computer vision startup is the same company that has worked on creating Snapchat’s Cameos feature.AI Factory’s company profile shows that it provides several artificial intelligence business solutions for “image and video recognition, analysis and processing” . Thus, the Cameos feature also works on the same image and video processing technology developed by the company.The...

CFTC Chairman Heath Tarbert has said that his entity is investigating Ethereum. Tarbert and other scientists carefully studied the inner processes of the Ethereum blockchain. Appears that the network will soon start changing itself to become a PoS-based system. Not only the miners but also the stakers will secure the transactions and blocks. On October 10, 2019, Tarbert concluded that Ethereum 2.0 tokens are likely to become virtual securities. Per Heath:“It is my view as chairman of the CFTC...

Yesterday, before the market closing, a milestone event took place. Tesla stock reached $420 per share, which made a new record height for the company. Besides, this jump brought Tesla’s market cap to more than $75 billion.Reacting to Tesla stock growth, the company’s founder Elon Musk tweeted:Whoa … the stock is so high lol— Elon Musk (@elonmusk) December 23, 2019It is notable that last year when the price was about $379.57 per share, Elon Musk stated he had a buyer that would take Tesla...

The Bitwise digital asset management is still very much interested in creating a Bitcoin exchange-traded fund (ETF). On Wednesday, the firm sent a new letter to the United States Securities and Exchange Commission (SEC), responding to the earlier published 112-page rejection letter it received from the SEC back in October.Published by the SEC on Friday, the new letter addressed the SEC’s manipulation fears. According to the SEC, one of the reasons the Bitcoin ETF could not be approved was the...