Coinbase Files Lawsuit Against the SEC to Fight Against Crypto Crackdown

Coinbase has filed lawsuits against the SEC and FDIC, alleging overregulation and seeking clarity on crypto oversight under FOIA. The post Coinbase Files Lawsuit Against the SEC to Fight Against Crypto Crackdown appeared first on BeInCrypto.

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$300 Million Crypto Ponzi Scheme Exposed: SEC Files Charges Against 17 Suspects

The US Securities and Exchange Commission (SEC) has taken legal action against 17 individuals allegedly involved in a Crypto Ponzi scheme that defrauded more than 40,000 victims and amassed $300 million.

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SEC Scores Big Win Against Ripple

The Securities and Exchange Commission (SEC) has notched a big win in its ongoing legal battle against Ripple

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Bitcoin Cash Surges 19% Following Grayscale Win Against SEC, with Wall Street Memes Also Pumping

Bitcoin (BTC) saw an 8% uptick on 29 August, reaching over the $28,000 mark for the first time in two weeks, following Grayscale’s recent legal victory against the U. S. Securities and Exchange Commission (SEC).

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$49 million crypto fraud: SEC files charges against US firm

US SEC issues temporary restraining order against Utah-based DEBT Box for alleged $49 million crypto scheme fraud

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XRP Holders’ Attorney Is Ready To Go To Bat For Binance, Coinbase Users In Fight Against SEC

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Ripple Advocate John Deaton Supports Coinbase's Lawsuit Against SEC, Here's Reason

Attorney John Deaton is excited that Coinbase filed second lawsuit in crypto against SEC

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Legal Expert Has ‘No Doubt’ Ripple Will Win Legal War Against SEC — Can It Supercharge XRP To $1?

Crypto lawyer and founder of CryptoLaw, John E. Deaton, has expressed confidence that a momentous Ripple win against the rogue, overbearing U.S. Securities and Exchange Commission (SEC) is bound to happen.

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Ex-SEC Lawyer John Berry Argues That XRP, Like ETH and BTC, Isn’t Suited For The Howey Test

The SEC's case against Ripple Labs remains one of the longest legal battles the crypto space has witnessed. The SEC has one fundamental claim against Ripple: "XRP is a security." The financial watchdog has held on to this claim despite arguments against it.

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Thailand’s SEC Warns Investors Against Unregistered ICO Investment Risk

Thailand’s Securities and Exchange Commission (SEC) has issued a warning to investors against putting their money into initial coin offerings (ICOs) that are not recognized and authorized by the SEC.

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First US Regulated Crypto Asset Fund Against The SEC

The SEC (U. S Securities and Exchange Commission) revealed on Tuesday that is has taken action against two digital currency companies. Both mark the first ever action of their kind by the SEC. One of the firms is against a ‘superstore’ for ICOs and the other is against a firm which claims to bring the first regulated crypto asset fund to the United States.

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SEC Takes Action Against ‘First US Regulated Crypto Asset Fund’

The U. S. Securities and Exchange Commission (SEC) announced on Tuesday that it has taken action against two cryptocurrency firms. Both mark the “first-ever” action of their kind by the Commission.

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US Judge Rules ICOs Covered by Securities Law

After a long period of silence and uncertainty, the U.S. government has stated that at least two initial coin offerings (ICOs) are not exempt from security laws. Howey vs SEC The ruling comes after ICO participants from Recoin and Diamond Reserve Club filed a federal case against the projects’ founder Maksim Zaslavskiy for misleading investors, who […] The post US Judge Rules ICOs Covered by Securities Law appeared first on CryptoSlate.

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Two-for-One: SEC Slaps Crypto Hedge Fund, Broker With Registration Failures

In what it deems a first for both enforcement actions, the United States Securities and Exchange Commission (SEC) is charging two entities with registration failures.

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A New Precedent: FINRA Charges Crypto Broker With Securities Fraud

The Financial Industry Regulatory Authority (FINRA), a non-profit watchdog for public brokerage firms in the U. S. , has had its first run-in with the cryptocurrency industry.

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U.S. SEC Denies Nine More Bitcoin ETFs

The United States Securities and Exchange Commission (SEC) just put nine more bitcoin exchange traded funds (ETFs) on the chopping block. In three separate orders issued on August 22, 2018, the agency nixed the proposals and contingent rule changes for ETF filings submitted by ProShares, GraniteShares and Direxion.

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Bitcoin ETF: SEC Issues Three Orders Rejecting Nine Proposals

The United States Securities and Exchange Commission (SEC) has rejected a total of nine Bitcoin ETF proposals. The decision, while unsurprising, will undoubtedly come as another blow to proponents who argue that the market is ripe for a BTC ETF.

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US SEC Rules Against Nine Bitcoin ETF Proposals, Coin Prices Drop

The US Securities and Exchange Commission has rejected applications filed by ProShares, Direxion and GraniteShares.

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Ripple CTO Says XRP Ledger is Completely Decentralized

Ripple Labs, Inc. has long been on the defensive against claims from cryptocurrency pundits and investors who believe that its native token, XRP, will be viewed as a security by the U. S. Securities and Exchange Commission (SEC) due to its seemingly centralized design.

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Markets Are Down, But Most Exchanges Are Doing Just Fine

As the old maxim asserts: those who made the most money in the gold rush were those who sold shovels. With our own digital gold rush in a downturn, however, the shovels aren’t selling so well, as mining companies themselves are struggling to move hardware because miners are struggling to turn a profit.

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Mark Cuban-Supported Unikrn ICO Sees Class Action Lawsuit For Breaking SEC Rules Allegedly

Class Action Lawsuit Alleges Mark Cuban Backed Unikrn ICO Of Breaking SEC Rules Seattle based e-sport betting startup Unikrn is facing a class action suit that accuses it of violating securities law in the U.

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SEC Going Hard After ICO Fraudsters

The US Securities and Exchange Commission (SEC) obtained a permanent penny stock bar and an officer-and-director bar against the founder of a fraudulent initial coin offering (ICO), which actually entered the cryptocurrency market as a cover for funding an oil exploration company in California.

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SEC Slaps Fraudulent Cryptocurrency ICO Founder with Fine and Lifetime Ban

The United States Securities and Exchange Commission (SEC) has fined the founder of a scam ICO project. The erring project head has also been issued a lifetime ban by the Commission. Details of the SEC Fine The Commission, on August 14, obtained a permanent officer-and-director order against David T.

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SEC Fines and Permanently Bars Founder of Fraudulent Oil Exploration Token

The U. S. Securities and Exchange Commission (SEC) has taken action against an oil and gas exploration company and its founder who “perpetrated a fraudulent initial coin offering (ICO) to fund oil exploration and drilling in California.

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Crypto Startup Taps Larry King in Shared Effort to Combat Climate Change

In a message on GEAR Token’s website, iconic political talk show host Larry King says that global climate change is threatening humanity’s existence and is “a potentially catastrophic issue from the combustion of fossil fuels .

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Bitcoin (BTC) Technical Analysis: Bitcoin Soaking Gravity before Hitting $15,000

Regardless of the overall bearish sentiment and the SEC weighing in heavily against Bitcoin, bulls seem to be stable and recovering. It’s up five percent and reducing their weekly losses to eight percent as buyers reject prices below $6,000-the upper limit of our support zone.

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The SEC Is Delaying Another Bitcoin ETF Decision

The United States Securities and Exchange Commission (SEC) is in no hurry to review the pile of Bitcoin ETF filings it has been accumulating over the past year. Not three weeks since postponing its decision on five other Bitcoin ETFs, the SEC has indicated in a public statement that it will be delaying its decision to approve or reject SolidX Bitcoin Shares until late September.

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“Not a Great Precedent”: Commissioner Discusses the SEC’s Latest ETF Decision

When the SEC announced its rejection of the Winklevosses’ latest bitcoin ETF filing, the industry found itself reckoning with a problem on repeat: striving toward the goal of approval, another Exchange Traded Fund (ETF) proposal faced the SEC’s death knell.

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Bitcoin [BTC] and other cryptocurrency are solutions for long-term standing problems, says SEC Commissioner

The rejection of the Winklevoss ETF by the U. S Securities and Exchange Commission [SEC] led to a huge buzz in the cryptocurrency community. The rejection of the proposed rule change even led to one of the Commissioner of SEC, Hester Peirce, speak up against the commission’s decision.

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Newly Appointed SEC Official Urges Crypto Enthusiasts to “Come into Compliance”

U.S Securities and Exchange Commission (SEC)’s latest appointed officer is none other than Valerie Szczepanik, who was given the responsibility to oversee the cryptocurrency industry. She is definitely one that doesn’t stand against innovation, however, she believes that the lack of compliance on the part of crypto investors, is what’s bringing unnecessary complexities. In particular, […]

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Buterin Speaks Out Against Bitcoin ETF Drama

Last week, we saw another spanner in the works of the Winklevoss twins, who have recently applied for the first evert Bitcoin Exchange Traded Fund (ETF) to be listed on their cryptocurrency exchange, Gemini.

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Winklevoss Bitcoin ETF Proposal Denied by U.S. SEC

The United States Securities and Exchange Commission (SEC) has rejected the Winklevosses’ latest attempt to list a bitcoin ETF. After having a proposal rejected last year, the Gemini exchange founders had hoped to secure their Winklevoss Bitcoin Trust on BATS Global Market’s BZX stock exchange with this latest attempt.

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Winklevoss Cryptocurrency ETF Denied by SEC Due to Offshore Manipulation Concerns — Price Reacts

With much of the financial world fixated on the prospect of a bitcoin exchange-traded fund, the US Securities and Exchange Commission (SEC) has reportedly denied the proposal from Gemini founders Cameron and Tyler Winklevoss.

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Philippine Market Watchdog Warns Against Crypto Operation

The Philippines Securities and Exchange Commission (SEC) issued a public advisory against a local firm selling securities tokens.

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Bitfunder Fraud Civil Lawsuit Case Proceedings Accelerate

As reported on FinanceFeeds, the criminal case filed against defendants Bitfunder and Jon E. Montroll, accused of operating an unregistered securities exchange and defrauding its users, has led to a plea agreement.

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Team McAfee launches McAfee Market Cap and McAfee Crypto Team Websites

John McAfee has been dubbed the crypto-crusader who will fight for the rights of every single crypto-trader to his last breath. He has thrown jabs at the SEC for their role in trying to stop the expansion of cryptocurrencies and even filed a lawsuit against the HitBTC.

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Operator of BitFunder claims to be “Close to” a Plea Bargain in SEC Fraud Case

The operator of defunct bitcoin investment platform BitFunder, Jon Montroll, is reportedly seeking a plea bargain over fraud and other charges laid against him by the U. S. Securities Exchange Commission (SEC).

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BitFunder Operator 'Close to' Plea Bargain in SEC Fraud Case

The operator of defunct bitcoin investment platform BitFunder is negotiating a plea deal over criminal charges laid against him by the SEC.

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Bitcoin Magazine’s Week in Review: Exchanges, Altcoins and Allegations

Coinbase continues to grow with their new high-end investment product Coinbase Custody, while Binance had to run a system update following some issues with its Syscoin wallet API.

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Ripple Labs Faces Its Third XRP-Related Lawsuit as SEC’s Stance Remains Unclear

There are still some concerns as to whether or not Ripple’s XRP will be labeled a security. The SEC has not yet rendered its verdict in this regard. Another lawsuit has been filed against the founder of Ripple Labs, alleging that the defendants broke state and federal securities laws by selling the unregistered XRP asset. […]

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Another Class Action Filed Against Ripple, Claims XRP Has “Hallmarks of a Security”

Ripple is staring down the barrel of yet another securities lawsuit — its third one this year. Filed in the Superior Court of the State of California in San Mateo County, the class action alleges that Ripple and its team illegally sold and promoted XRP, Ripple’s currency, as an unregistered security.

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Coinbase Custody Has Skeletons in Its Closet – Partner Faced SEC Charges From 2015

Securities firm and broker Electronic Transaction Clearing (ETC) was recently announced as a partner of Coinbase for its new Coinbase Custody service, which will provide secure storage arrangements for cryptocurrencies.

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Coinbase Custody broker-dealer previously charged with putting customer assets at risk

Coinbase’s new solution for institutional investors launched yesterday to great fanfare. It offers solutions for long-awaited institutional money to flow into the market. Electronic Transaction Clearing [ETC], the registered broker-dealer through which Coinbase aims to conduct transactions, was charged by the US Securities and Exchanges Commission [SEC], earlier this year. The charges against it were […]

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SEC Seeks Comments on Another Bitcoin ETF

The Securities and Exchange Commission (SEC) is seeking comments on another bitcoin-based exchange-traded fund (ETF). The proposal in question calls for the listing and trading of SolidX bitcoin shares, and stems from the VanEck SolidX Bitcoin Trust, which states it will invest in “bitcoin only.

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UBI Blockchain Internet Attorney & Manager Charged by SEC For Illegal Stock Sale Profits

SEC Accuses Attorney and Manager of UBI Blockchain Internet of Illegal Stock Sales The Securities and Exchange Commission (SEC) filed charges on June 2 against two men who allegedly benefited from the illegal sale of shares.

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A Nuanced Look At Crypto Assets as Securities In Light of SEC Comments

On June 14, 2018, the Securities and Exchange Commission (SEC) director of corporate finance made waves in the cryptocurrency space when he commented at Yahoo Finance’s All Market Summit: Crypto that ether is not a security.

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Hundreds of Complaints Filed Against Coinbase: Company Accused of Being Overwhelmed by Continued Growth

Coinbase may have bitten off more than it can chew. Today, June 22nd, 134 pages of complaints filed to the SEC and the California Department of Business Oversight against Coinbase have been acquired and published by Mashable.

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Coinbase Fraud Accusations Could Set Coinbase Domination Plans Back

Coinbase want to become the worlds biggest and best cryptocurrency exchange. This is hardly surprising as I am sure every cryptocurrency exchange would want to achieve that accolade. Either way, we are seeing reports today that discuss how Coinbase has had a number of complaints filed against it in the United States, complaints that now looking to be engaging the involvement of the US Securities and Exchange Commission (SEC).

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Coinbase cannot handle “basic customer inquiries”, 134 pages of complaints by customers

Information has recently emerged that shows 134 pages of complaints against Coinbase filed with the SEC. They show a disturbing pattern of Coinbase not returning investors’ funds, and general mismanagement.

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