SEC

SEC Votes on Expedited Review Process — Shorter Wait Times for EFTs?

The United States Securities and Exchange Commission (SEC) announced it would be streamlining the application process for investment companies, potentially resulting in expedited crypto and blockchain firms operating in a “more efficient and less costly manner.” In a July 6 announcement on the SEC website, the Commission said it had voted to adopt rule amendments …

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Cryptocurrency-Focused Docuseries Airs to Millions of Viewers via the Discovery Science Channel

Hundreds of Sites Now Earn Crypto Trading Fees: Exchange WordPress Plugin Sees 300 Active Installs A couple of months ago, a new WordPress (WP) plugin launched that allows anyone to host a digital currency trading platform. With the application, WP website owners can earn fees from various crypto asset trades. The developer of the plugin …

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Philippine SEC Warns Against Crypto Schemes

The Securities and Exchange Commission (SEC) of the Philippines has warned the public against individuals and groups engaged in unauthorized crypto investments and trading, according to an announcement on July 1. The Philippine SEC warned those who were involved in crypto schemes could face a fine or 21 years of imprisonment or both. It explained …

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US Investor Backs up Telegram’s Claim of Completing $1.2B Refund

Telegram, the creator of the failed Gram (GRM) token and the Telegram Open Network, or TON, was well into investor reimbursement weeks before a court in the United States ruled that the firm had to return $1.2 billion. A U.S.-based TON investor tells Cointelegraph that he got his 72% refund from Telegram in late May …

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Telegram’s Courtroom Saga With the SEC Comes to a $1.2 Billion End

On June 26, Judge Kevin Castel signed the final judgment in the SEC v. Telegram case, which will require Telegram pay back $1.2 billion to investors in their ICO for the failed Telegram Open Network.  Cointelegraph reported on the final judgment proposed yesterday. What has changed is the approval of the court, putting an end …

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Mapping the Future of the SEC (There’s a Nonzero Chance Hester Peirce Takes Over)

The future of the U.S. federal securities regulator, and perhaps the direction of cryptocurrency policy, is up in the air. Last week, President Donald Trump announced his intention to nominate Securities and Exchange Commission Chairman Jay Clayton to the post of U.S. Attorney for the Southern District of New York, asking Congress to approve the …

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AML Bitcoin Founder Claims DC Lobbyist Jack Abramoff, US Government Are ‘Extorting’ Him

The founder of the AML Bitcoin project claims the U.S. government is “extorting” him after he was indicted on money laundering and wire fraud charges. The Department of Justice (DOJ) and Securities and Exchange Commission (SEC) filed lawsuits against Rowland Marcus Andrade on Thursday, claiming he misled investors while raising funds for a 2017 and …

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Sovrin Foundation Sheds All Paid Staff in Tale of a Token Issuance Gone Wrong

The COVID-19 crisis may have been the last straw for a non-profit digital identity organization, breaking its efforts to raise funds to pay staff and carry out a regulated token issuance. The Sovrin Foundation, a U.S.-based umbrella organization that oversees the development of blockchain-based digital identity standards (also known as self-sovereign identity or SSI), laid …

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Bitcoin Mining Chip Manufacturer Ebang to List on Nasdaq This Week

Spacex Bitcoin Scam Features BTC Giveaway, Elon Musk, and NASA Launch A Spacex bitcoin scam has frequently appeared on Youtube, claiming to give away BTC. Its promo video features the recent Spacex launch with two NASA astronauts and an interview with Spacex and Tesla CEO Elon Musk. The scammers claim that … read more. Bitcoin-Friendly …

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WisdomTree Tests SEC’s Bitcoin Acceptance Threshold With Latest ETF Filing

Many investment firms have launched crypto exchange-traded funds, but so far, none has found favor with the United States Securities and Exchange Commission. Firms keep trying, though, and this past week, two more tendered applications for crypto ETF-like products — if not pure-play Bitcoin ETFs have emerged.  WisdomTree, an asset manager and ETF specialist, filed …

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