Coinbase shares took a sharp hit in after-hours trading, sliding 7% to $244, following a one-two punch of troubling revelations: a cyberattack targeting customer data and a revived SEC investigation into its 2021 user metrics. Google Finance data showing Coinbase metrics. Source: Google Finance The New York Times first broke ...
A senior U.S. Securities and Exchange Commission (SEC) official has criticized a proposed settlement between the agency and Ripple Labs, potentially marking the final chapter of a years-long legal dispute over the XRP token. On May 8, the SEC and Ripple jointly filed a settlement request in a New York ...
The U.S. House of Representatives has taken a monumental move towards regulating the cryptocurrency industry by passing the Financial Innovation and Technology for the 21st Century Act (FIT21). The bill, which aims to grant more oversight and funding to the Commodity Futures Trading Commission (CFTC) over crypto spot markets and ...
Ripple has challenged the United States Securities and Exchange Commission's (SEC) request to impose a $2 billion fine on it, arguing that such a penalty is unjustified. In a recent court filing, Ripple Labs opposed the SEC's bid to levy the hefty fine, urging the Court to reject the SEC's ...
The US Securities and Exchange Commission (SEC) issued a notice on Wednesday, March 13, instructing First Trust-SkyBridge to publicly announce its Bitcoin ETF application has been "abandoned". This move follows the SEC's rejection of their initial application in January 2022. Since then, neither party has taken any meaningful steps to ...
Cryptocurrency project DEBT Box has argued that the U.S. Securities and Exchange Commission's request to dismiss its existing case is an attempt to gain special treatment in federal courts against the legal entities it regulates. In a court filing submitted to the Utah federal court, the crypto project requested that ...
South Korea's Financial Supervisory Service (FSS) is set to meet with the United States Securities and Exchange Commission (SEC) to seek counsel on matters regarding spot Bitcoin exchange-traded funds, as reported by Hankyung on Monday, February 5, 2024. Lee Bok-hyun, the financial agency's South Korean Director, explained in a Questions ...
Binance appears to be yielding to the pressure from its users who desire to store their assets with independent custodians. According to a Financial Times report on Tuesday, January 30, 2024, the crypto exchange will soon start allowing its users to store their assets in independent storage options. The report ...
The U.S. Securities and Exchange Commission (SEC) charged popular crypto influencers Brenda Chunga and Xue Lee for their alleged involvement in a digital asset fraud. According to a release published on its official website on Monday, January 29, 2024, the securities regulator accused Lee of operating a fraudulent cryptocurrency asset ...
In the ongoing legal tussle between Ripple and the United States Securities Exchange Commission (SEC), Ripple has taken a decisive stance by countering the SEC's motion for an interlocutory appeal of Judge Torres's July 13 ruling. Ripple's response, presented in a letter dated August 16, 2023, urged the court to ...
