Vermont – DIGIT INFO

States’ backlash against Binance.US continues with 6th license pulled

DIGIT — Wed, 01 May 2024 21:46:00 +0000

Oregon joins five other states that have delicensed Binance.US after former Binance CEO Changpeng Zhao pleaded guilty to felony charges.

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US state agency issues alert on crypto fraud happening over social media

DIGIT — Fri, 21 Jul 2023 08:05:00 +0000

Vermont issued the investor alert after a 74-year-old man lost his life savings of over $340,000 in a crypto fraud orchestrated over Instagram and Telegram.

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More Than a Half Dozen US Securities Regulators File Actions Against Crypto Lender Nexo

DIGIT — Mon, 26 Sep 2022 22:30:19 +0000

Crypto lender Nexo is having issues with state authorities from California, New York, Washington, Kentucky, Vermont, South Carolina, and Maryland. The enforcement actions from multiple state securities regulators detail that Nexo’s Earn Interest Product (EIP) may be in violation of securities laws. Nexo Targeted by Several Securities Regulators Over the Crypto Lender’s Earn Interest Product […]

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Vermont’s financial regulator alleges Celsius and its CEO made ‘false and misleading claims’

DIGIT — Wed, 07 Sep 2022 21:53:26 +0000

According to the regulator, Celsius “lacked sufficient assets to repay its obligations” despite suggesting it had enough funds in its reserves to mitigate the risk of insolvency.

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Finance Redefined: DeFi market fell off the cliff in Q2, but there’s hope

DIGIT — Fri, 15 Jul 2022 20:20:00 +0000

Analytical data reveals that DeFi’s total value locked registered a minor dip from the past week, falling to a value of $56.45 billion.

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Vermont becomes the sixth US state to launch investigation against Celsius

DIGIT — Wed, 13 Jul 2022 09:47:52 +0000

The state financial regulator alleged that Celsius violated state security laws by offering high crypto interest rate accounts to customers and unethically using clients’ funds to invest in illiquid products.

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Kentucky Regulators Crack Down on Blockfi Interest-Bearing Accounts

DIGIT — Sat, 31 Jul 2021 19:00:54 +0000

The crypto lender Blockfi is now dealing with regulators from five states as Kentucky has joined the fray against the firm’s Blockfi Interest Accounts (BIAs). On July 30, Blockfi shared a statement on Twitter that explained the Kentucky Department of Financial Institutions (DFI) has sent the company an order that aims to ban new BIA […]

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New Jersey’s Order Against Blockfi Extended, Vermont Issues Notice to Crypto Lender

DIGIT — Thu, 29 Jul 2021 15:30:58 +0000

On July 28, Zac Prince, the CEO of crypto finance firm Blockfi, explained that the company has been “engaged in a productive discourse” with U.S. regulators. Prince further said the New Jersey Bureau of Securities had extended the state’s previous order to September 2. Meanwhile, the company also has issues with Vermont’s Department of Financial […]

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Vermont Rapper Releases Hip Hop Track ‘#Freeross,’ Ulbricht Petition Nears 300K Signatures

DIGIT — Fri, 27 Mar 2020 21:00:17 +0000

Southern Vermont-based hip-hop artist, Krypto Man, has released a new single called “#Freeross” in hopes to get Ross Ulbricht released from prison. Krypto Man is a well known rapper on the east coast and revenue from the song will be donated to the nonprofit Freeross.org. Ross Ulbricht has also gathered more than 279,000 signatures so […]

The post Vermont Rapper Releases Hip Hop Track ‘#Freeross,’ Ulbricht Petition Nears 300K Signatures appeared first on Bitcoin News.

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Vermont State Agencies Launch Blockchain Pilot Program for Captive Insurance Industry

DIGIT — Mon, 14 Jan 2019 13:50:00 +0000

Two agencies in the state government of Vermont have jointly launched a blockchain pilot program for captive insurance

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