Do NFTs qualify as securities? Redditors debate the issue after Top Shot collector sues Dapper Labs for allegedly selling NFTs as unregistered securities.
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Category: unregistered securities
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Bibox beats lawsuit alleging unregistered securities issuance
A U.S. district has rejected a lawsuit alleging that Bibox sold unregistered securities because the lead plaintiff last traded the tokens in question more than 12 months ago.
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US Regulator Accuses Lbry Project of Selling Unregistered Securities, CEO Denies Charges
The Securities and Exchange Commission (SEC) has filed a complaint against the blockchain-based file-sharing and payment network called Lbry last week, as the U.S. regulator has accused the company Lbry Inc. of selling unregistered securities. However, the CEO of Lbry denies the project’s native tokens are securities and says the SEC’s logic will put a […]Powered by WPeMatico
LBRY fires back at SEC over ‘aggressive and disastrous’ securities complaint
LBRY is in the SEC’s firing line for selling unregistered securities. It claims the case could set a precedent that would affect much of the industry.
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Open Interest on Bitmex Drops 16%: Investors Withdraw 37,000 BTC in Less Than 24 Hours
Data from Arcane Research shows that open interest on Bitmex’s bitcoin derivatives market touched a new low of 45,122 BTC on October 1. The figure represents a 16% drop since the CFTC announced charges against Bitmex and its executives for allegedly operating an unregistered trading platform. According to Arcane Research’s post on Twitter, “the former […]
The post Open Interest on Bitmex Drops 16%: Investors Withdraw 37,000 BTC in Less Than 24 Hours appeared first on Bitcoin News.
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Bitcoin Cash and Litecoin Trusts from Grayscale Investments Begin Trading
Grayscale Investments’ Litecoin Trust (LTCN) and Bitcoin Cash Trust (BCHG) have received DTC eligibility on Monday, which means the shares can begin trading publicly. The firm’s latest funds give investors exposure to the crypto assets bitcoin cash and litecoin and shares will be traded via secondary markets. Both LTC and BCH supporters were pleased to […]
The post Bitcoin Cash and Litecoin Trusts from Grayscale Investments Begin Trading appeared first on Bitcoin News.
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Romanian Programmer Admits Conspiring to Create $722M Bitclub Ponzi Scheme
A Romanian man admitted Thursday to conspiring to engage in wire fraud and selling unregistered securities linked to Bitclub Network, a cryptocurrency mining Ponzi scheme worth at least $722 million. Silviu Catalin Balaci, 35, a Romanian citizen appeared before U.S. District Judge Claire C. Cecchi. Balaci pleaded guilty to a superseding information charging him with […]
The post Romanian Programmer Admits Conspiring to Create $722M Bitclub Ponzi Scheme appeared first on Bitcoin News.
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