Tag: SEC
-
Coinbase Global Faces Regulatory Challenges, Leading to Downgrade
Coinbase Global’s (NASDAQ:COIN) stock has been downgraded from Buy to Neutral by Citi due to an uncertain regulatory landscape. In Monday’s after-hours trading, the stock fell by 1.7%, and analyst Peter Christiansen explained in a note that until the regulatory rules are better established in the United States, the stock will remain under pressure due […]
-
Crypto Ban Hinders Nigeria’s SEC Plan For Digital Asset Exchanges
Nigeria’s Securities and Exchange Commission (SEC) is reportedly considering permitting tokenized coin offerings that are backed by equity, debt or property but not crypto, on licensed digital asset exchanges, according to a report by Bloomberg. Abdulkadir Abbas, the head of securities and investment services at the Abuja-based commission, reportedly said that the regulator likes to […]
-
New Crypto Bill To Be Introduced In 2 Month And What It’s About
Within the next two months, both the House Agriculture and Financial Services Committees in the US will introduce comprehensive legislation to regulate the Crypto Industry. The two committees’ joint public hearing, set to begin in May. Will take place prior to the release of the new bill. At the Consensus 2023 conference, House Financial Services […]
-
SEC Chairman Garry Gensler takes another dig at Crypto
Garry Gensler, Chairman of the Securities and Exchange Commission, took his crypto-critical message to the web again on Thursday with a new investor-protection video, warning people about digital-assets enterprises that are abusing securities rules. While the SEC chairman underlined that “the law is clear” on cryptocurrencies being securities, others emphasized the lack of regulatory clarity […]
-
USD coin slump because of US Regulators blame Circle CEO
Circle Internet Financial CEO Jeremy Allaire attributes the declining value of the company’s stablecoin, USD Coin, to regulatory problems in the United States and concerns about the country’s banking sector. Circle was founded in 2013 by Sean Neville and Jeremy Allaire, who previously launched a start-up named Brightcove which is a video platform start-up. Circle […]
-
Suspected Price Manipulation: SEC Wins $2.8M In a Lawsuit
A cryptocurrency company was sued for $2.8 million by the U.S. Securities and Exchange Commission (SEC), which claimed that it had manipulated the price of a token it had produced. The organization said that Luminar Technologies, a company, had participated in a nefarious plot to artificially raise the price of its Lum Coin token, which […]
-
ETH Deposits unable to match ETH Withdrawals even in 3rd Round
Ethereum staking is the process of validating transactions on the Ethereum ETH blockchain network. Users utilize this approach to lock in, or “stake,” the platform’s native coin, Ether, in order to qualify for validation privileges, collect rewards, and help protect the network. While investing in Ethereum is as simple as purchasing Ether and letting it […]