Jan 11, 2020 at 11:27
US SEC Charges Man with Conducting $4M Cryptocurrency Mining Scam
A suspect identified as Donald G. Blakstad from the United States of America is facing legal action by the agency responsible for implementing federal laws, Securities and Exchange Commission (SEC), for supposedly operating a fake cryptocurrency mining activity.
Dec 24, 2019 at 08:53
US SEC Suspends Verdict on Bitcoin ETF Application until January 2020
The US Securities and Exchange Commission (SEC) has suspended the Wilshire Phoenix’s Bitcoin exchange-traded fund (ETF) proposal. As per the official document issued by the SEC, they have decided to go forward with setting the proposal under further review. By Feb 26, next year, the commission will make a final decision on whether to allow or not to allow BTC ETF and also ascertain their status.
Dec 17, 2019 at 09:28
SEC Charges $42 Mln ICO with Trading Unlicensed Securities
In the due course of searching for fake initial coin offerings (ICO), the United States Securities and Exchange Commission (US SEC), the authority in charge of monitoring and regulating electronic securities, has managed to charge another blockchain and distributed ledger tech (DLT) initiative with cheating a massive number of investors, to collect around $42 million.
Telegram Refutes SEC Accusation that Gram Threats Security
On Tuesday, Telegram, a cloud-based instant messaging and voice over IP service, formally asked the United States court to drop all existing accusations brought against the firm by the agency that is responsible for regulating the financial, cryptocurrency and securities sector, Securities and Exchange Commission (U.S. SEC) in October.
Telegram to Suspend the Launch of Gram Cryptocurrency in U.S.
Telegram, a cloud-based instant messaging and voice over IP service with more than 350 million active users worldwide, may delay the roll out of its virtual currency dubbed Gram following a restraining order from the United States Securities and Exchange Commission (U.S. SEC) to halt the sale of the coins in the country.
U.S. Court Orders Longfin Cryptocurrency Firm to Pay Nearly $7 Mln in Fines
Longfin Corp., a NASDAQ-listed independent finance and tech firm, that unexpectedly jumped onto the cryptocurrency bandwagon with the aim of benefiting from the bitcoin (BTC) bull run that happened in December 2017, was recently ordered by a New York federal court to recompense around $7,000,000 in fines and disgorgement for fake operations, as per a U.S. SEC report issued on Sept 30.
Ex US Congressman Calls for Blockchain and Cryptocurrency Regulations
Former United States Democratic Congressman from Tennessee’s 9th congressional district Harold Ford Jr. has suggested that Washington should try to avoid half-measures as far as cryptocurrency legislation is concerned. A successful financial managing director believes that the government has been slow to react to the cryptocurrency and blockchain industry, and thinks that this might damage innovation in the future.
Cryptocurrency ETFs Might Bypass SEC’s Postponement
Several Bitcoin (BTC), cryptocurrency and blockchain advocates have been trying, without much success, to get regulatory authorization for funds so that cryptocurrency like bitcoin can be brought to potential investors. Two giant companies are now considering using a temporary fix.