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Trenton NJ, Attorney General Matthew J. Platkin and the Division of Consumer Affairs today announced action taken by the Bureau of Securities to stop Abra, a California-based crypto company, and its associated entities from violating New Jersey’s Uniform Securities Law in connection with the sale of interest-bearing crypto accounts that have raised over $116 million nationwide, including from investors with nearly 300 New Jersey-based accounts.
Coinbase also charged for the unregistered offer and sale of securities in connection with its staking-as-a-service program
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Washington D.C., June 6, 2023 —The Securities and Exchange Commission today charged Coinbase, Inc. with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency. The SEC also charged Coinbase for failing to register the offer and sale of its crypto asset staking-as-a-service program.
Charges include operating unregistered exchanges, broker-dealers, and clearing agencies; misrepresenting trading controls and oversight on the Binance.US platform; and the unregistered offer and sale of securities.
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Washington D.C., June 5, 2023 —The Securities and Exchange Commission today charged Binance Holdings Ltd. (“Binance”), which operates the largest crypto asset trading platform in the world, Binance.com; U.S.-based affiliate, BAM Trading Services Inc. (“BAM Trading”), which, together with Binance, operates the crypto asset trading platform, Binance.US; and their founder, Changpeng Zhao, with a variety of securities law violations.
Continue reading SEC Files 13 Charges Against Binance Entities and Founder Changpeng Zhao
file photo SEC Chair Gary Gensler
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Ridgewood NJ, Coinbase has responded to the SEC’s Wells notice, asserting that they have not changed since being allowed to go public two years ago and still do not list securities. They seek SEC compliance to register for listing securities in the future. Coinbase makes clear that it will continue building its platform, seek legislation from Congress, and request SEC rulemaking for clearer crypto regulation.
Continue reading Coinbase Responds to the SEC’s Wells Notice asking for Clearer Crypto Regulation
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Ridgewood NJ, crypto markets whipsawed in dramatic fashion yesterday. The day started out with crypto rising sharply on strong earnings in the stock market. BTC then experienced a dramatic crash, dumping from $30,000 to below $28,000, retracing the day’s gains in a single hourly candle. Liquidations neared $200 million over four hours. Although the exact cause is unconfirmed, crypto news alerter “db” reported Mt. Gox and U.S. government wallets making transactions. Market intelligence platform Arkham responded but later deleted their reply, clarifying that the alert was due to a bug fix. After this was confirmed, Bitcoin then regained some ground, marching up above $29,000 again.
Continue reading Wild Day for Bitcoin Traders Amid Unconfirmed US Government Dump Rumors
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Washington DC, Tuesday’s hearing showed “a chasm a mile wide” between the Chairman and the experiences of American businesses, says Sheila Warren, CEO of the Crypto Council for Innovation. Securities and Exchange Commission Chairman Gary Gensler faced a barrage of criticism from House Republicans over his agency’s crackdown on cryptocurrency trading platforms.
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Bloomfield NJ, an Essex County, woman today admitted her role in fraudulently inducing victims to invest over $25 million in cash and cryptocurrency, U.S. Attorney Philip R. Sellinger announced.
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Ridgewood NJ, the Commodity Futures Trading Commission announced it has filed a civil enforcement action in the U.S. District Court for the Northern District of Illinois charging Changpeng Zhao and three entities that operate the Binance platform with numerous violations of the Commodity Exchange Act (CEA) and CFTC regulations. The complaint also charges Samuel Lim, Binance’s former chief compliance officer, with aiding and abetting Binance’s violations.
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Ridgewood NJ, Cryptocurrency fugitive Kwon Do-Hyung, also known as Do Kwon, was reportedly arrested yesterday by officials in Montenegro as he attempted to travel through the capital city of Podgorica’s airport with falsified documents. His detention comes almost one year after the company he cofounded, Terraform Labs, collapsed, leading to the loss of billions of dollars in digital currency markets last year.
Massively Multiplayer Online Role-Playing Games (MMORPGs) are a subgenre of role-playing games in which a large number of people take part in a shared virtual world and undertake cooperative missions. A new breed of MMORPGs has emerged in recent years thanks to blockchain technology with NFTs (Non-Fungible Tokens). This article will define MMORPG NFT Games, explain how they function and give you examples. Follow Chainplay to find out the top MMORPG NFT Games.
Continue reading Everything You Need to Know About MMORPG NFT Games
In recent years, meme coins have exploded in popularity within the cryptocurrency market, providing a means for traders to profitably trade in assets with little to no “real world” use. Now that we’re far into 2023, though, there are several meme coins to choose from, each with unique features and potential uses. Continue reading What are the 5 most famous meme coins in 2023?
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Ridgewood NJ, The SEC’s Office of Investor Education and Advocacy continues to urge investors to be cautious if considering an investment involving crypto asset securities. Investments in crypto asset securities can be exceptionally volatile and speculative, and the platforms where investors buy, sell, borrow, or lend these securities may lack important protections for investors. The risk of loss for individual investors who participate in transactions involving crypto assets, including crypto asset securities, remains significant. The only money you should put at risk with any speculative investment is money you can afford to lose entirely. Investors should understand that:
Continue reading SEC Investor Alert: Exercise Caution with Crypto Asset Securities
Investing in crypto coins has become more popular recently, and many investors are wondering if they should take the plunge. Cryptocurrencies such as Bitcoin, Dogecoin, and others have become an increasingly attractive option for gamblers over the last few years. Here are five compelling reasons why you should start gambling with Spinago Online Pokies with cryptocurrencies in 2023.
Once regarded as a fad by many during the early years of its creation, Crypto has grown so much in popularity that it is beginning to become the status quo. Crypto has found its way into many popular platforms and is widely becoming adopted as a primary form of payment.
Crypto may be more accepted now, but many had doubts about it when it first came into the scene. In fact, Gaven Andresen, a Bitcoin core developer then created the first Bitcoin faucet to increase Bitcoin’s popularity.
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Ridgewood NJ, Paxos has been ordered by New York regulators to stop issuing Binance USD due to concerns that it can’t safely issue the token. The SEC is planning to sue Paxos for violating investor protection laws. It reportedly sent a notice to Paxos to inform the company of potential violations and enforcement actions. Paxos will stop issuing new BUSD tokens on February 21. The stablecoin will remain fully supported by Paxos until at least February 2024. Binance will support BUSD for the foreseeable future.
