SEC

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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SEC Chair Clayton Nominated as US Attorney for New York

U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton may be the next U.S. Attorney for the Southern District of New York. According to a Department of Justice press release published late Friday, Clayton has been nominated by U.S. President Donald Trump to helm the prosecutor’s office, three years after he first took on the …

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Redactions Granted in Telegram Case To Protect ICO Participants

A U.S. District Judge has approved the majority of redaction requests received during the proceedings surrounding the Securities and Exchange Commission’s (SEC) lawsuit against messaging firm Telegram over its $1.7 billion initial coin offering (ICO). The SEC took action against Telegram in October 2019, filing a temporary restraining order barring Telegram from distributing its tokens. …

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Wisdomtree Files ETF With 5% Bitcoin Exposure Amid SEC Resistance

Leaked Pentagon War Game Shows Gen Z Using Bitcoin to Battle the Corrupt State The United States has been creating military simulations, otherwise known as ‘war games,’ for years now. In fact, the Pentagon and various professional analysts created a permanent war gaming facility for simulations. This week a report indicates that Pentagon officials … …

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Bitcoin-Friendly Top US Banking Regulator Aims to Solve Banks’ Problems With Decentralization

The new top banking regulator for the Trump administration sees “huge and great promise” in cryptocurrency. Focusing on decentralized networks, bitcoin, and rewriting existing regulations, he shares his views on cryptocurrency and the creation of the digital dollar. Top US Banking Regulator Is Pro-Crypto Brian Brooks recently became the new acting Comptroller of the Currency, …

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Wilshire Phoenix Files With SEC for Publicly Traded Bitcoin-Backed Fund

Investment firm Wilshire Phoenix has filed an S-1 registration statement with the U.S. Securities and Exchange Commission, or SEC, for a publicly traded Bitcoin fund in line with regulation. “The Shares will provide investors with exposure to bitcoin in a manner that is accessible and cost-efficient without the uncertain and often complex requirements relating to …

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SEC Launches Virtual Meetups for Fintech Industry Players

FinHub, a fintech arm of the U.S. Securities and Exchange Commission (SEC) will now host digital meetings for industry players amid COVID-19 lockdowns. “To facilitate ongoing communications, FinHub will host a series of thematically-based virtual P2P meet-ups over the next few months,” the commission said in a June 11 statement, adding: “During each series, FinHub …

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