Exclusive: Fireblocks granted New York charter for crypto custody
The charter allows Fireblocks to offer cold-storage custody to US clients. Go to Source
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Bitfinex Report Examines Bitcoin’s Local Bottom Amid Market Rebound
Crypto exchange Bitfinex’s latest Alpha report examines various key metrics, providing insights into whether bitcoin may be approaching a local bottom. “Overall, these metrics underline the deep bearish sentiment and stress among short-term investors, which usually occurs at local bottoms,” the report states. Bitfinex Report Analyzes Bitcoin’s Rebound and Potential Local Bottom Crypto exchange Bitfinex … Read more
Grayscale launches investment fund for MakerDAO token
Grayscale also launched funds for protocols Bittensor and Sui in August. Go to Source
SEC Charges Novatech in $650 Million Crypto Fraud Scheme
The U.S. Securities and Exchange Commission (SEC) has charged the masterminds behind Novatech with running a fraudulent $650 million crypto scheme. Novatech allegedly operated as a multi-level marketing and crypto asset investment program, where most investor funds were misappropriated to pay existing investors and promoters. SEC Charges Novatech Ltd. in $650 Million Crypto Fraud Case … Read more
Crypto ETFs will expand to new asset types, indexes — Grayscale executive
The pace of adoption of crypto exchange-traded funds in the United States has been surprising even to Grayscale. Go to Source
Coinbase finds flawed analysis in SEC’s proposed exchange definition
In its third letter to the SEC, the crypto exchange said it would withdraw the proposal, which was first released in 2022, and start over again. Go to Source
Judge finds Ripple Labs liable for $125M penalty in SEC case: Law Decoded
Ripple faces a $125 million civil penalty after a federal judge rules in favor of the SEC, rejecting the agency’s $2 billion claim. Go to Source
SEC charges Novatech, company founders, promoters with Fraud
Novatech claimed funds were stolen via a cyberattack in May 2023 and reassured customers the company was working to recover the assets. Go to Source
Ripple Legal Chief Discusses Potential SEC Appeal After Final Ruling in XRP Case
Ripple’s chief legal officer has addressed the possibility of an appeal by the U.S. Securities and Exchange Commission (SEC) following the $125 million final judgment in the XRP case. He suggested that if the Biden-Harris administration is committed to resetting its stance on crypto, the securities regulator should not seek to appeal. He noted that … Read more
SEC Cracks Down on Ideanomics for Fraud in Misleading Crypto and Revenue Disclosures
The U.S. Securities and Exchange Commission (SEC) has charged Ideanomics Inc. and three of its senior executives with fraud for misleading financial disclosures from 2017 to 2019. Former Chairman and CEO Zheng (Bruno) Wu, current CEO Alfred Poor, and former CFO Federico Tovar were implicated in overstating the company’s financial performance and failing to disclose … Read more
