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#Feds probing Sam Bankman-Fried’s crypto exchange FTX: report

Admin4 years ago02 mins

“Feds probing Sam Bankman-Fried’s crypto exchange FTX: report” Two top US financial regulators are probing whether crypto exchange FTX properly handled customers’ funds, and its relationship with other parts of Sam Bankman-Fried’s crypto empire, Bloomberg News reported on Wednesday. The Securities and Exchange Commission and the Commodity Futures Trading Commission are probing FTX’s relationship with its American counterpart FTX US and…

# Judge rules LBRY video platform’s token is a security in case brought by the US SEC

Admin4 years ago05 mins

” Judge rules LBRY video platform’s token is a security in case brought by the US SEC “ A United States District Court ruled in favor of the Securities and Exchange Commission (SEC) Nov. 7 in its case against blockchain-based file-sharing and payment network LBRY. The court granted the SEC’s request for a summary judgment…

# Here’s what you should know about the upcoming US midterms: Law Decoded, Oct. 31–Nov. 7

Admin4 years ago07 mins

” Here’s what you should know about the upcoming US midterms: Law Decoded, Oct. 31–Nov. 7 “ The United States will go to the voting booths on Nov. 8 to decide the fate of all 435 members of the House of Representatives and 34 out of the 100 Senate seats. The outcome will decide the…

# SEC issues subpoena to influencers promoting HEX, Pulsechain and PulseX

Admin4 years ago05 mins

” SEC issues subpoena to influencers promoting HEX, Pulsechain and PulseX “ Over several years, social media influencers have earned a bad rep among regulators for shilling risky and unvetted tokens to millions of investors. Pursuing a crackdown on such scenarios, the U.S. Securities and Exchange Commission (SEC) reportedly issued a subpoena to influencers who…

# Web3 Foundation makes bold claim to SEC: ‘DOT is not a security. It is merely software’

Admin4 years ago05 mins

” Web3 Foundation makes bold claim to SEC: ‘DOT is not a security. It is merely software’ “ The entity supporting research and development of Polkadot as well as overseeing fundraising efforts for the blockchain has argued that the United States Securities and Exchange Commission should not consider the DOT token a security under its…

# You have our swords: 12 independent entities pledge legal support for Ripple

Admin4 years ago05 mins

” You have our swords: 12 independent entities pledge legal support for Ripple “ Fintech firm Ripple is garnering more support from the crypto and finance industry in its ongoing battle with the United States Securities and Exchange Commission (SEC). On Nov. 4, Ripple chief executive Brad Garlinghouse proudly tweeted that the number of companies,…

# Saying ‘not financial advice’ won’t keep you out of jail: Crypto lawyers

Admin4 years ago05 mins

” Saying ‘not financial advice’ won’t keep you out of jail: Crypto lawyers “ Crypto influencers may need to practice what they preach and “do their own research” when it comes to sharing their crypto tips. According to several digital asset lawyers, the popular disclaimer “this is not financial advice” — may not actually protect…

# Bitcoin mining firm Bitdeer could delay public offering till 2023

Admin4 years ago05 mins

” Bitcoin mining firm Bitdeer could delay public offering till 2023 “ Bitdeer, a crypto mining firm spun off from China-based mining manufacturer Bitmain, may see its public offering on Nasdaq delayed a year depending on a vote from shareholders of Blue Safari Group Acquisition Corp. In a Nov. 2 Securities and Exchange Commission filing,…

# CFTC commissioner compares crypto contagion risk to 2008 financial crisis

Admin4 years ago05 mins

” CFTC commissioner compares crypto contagion risk to 2008 financial crisis “ Commodity Futures Trading Commission’s (CFTC) Christy Goldsmith Romero has pointed to the collapse of the Terra ecosystem and its flow-on effects as an example of how contagion risks within crypto markets are similar to those experienced by the traditional financial (TradFi) system during…

# Prometheum partners with Anchorage Digital on SEC-registered alternative trading system

Admin4 years ago04 mins

” Prometheum partners with Anchorage Digital on SEC-registered alternative trading system “ Prometheum Ember ATS announced the launch of its alternative trading system (ATS) on Oct. 26. The new ATS is registered by the United States Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority. Prometheum Ember ATS will…