The U.S. Securities and Exchange Commission (SEC) has settled charges with professional boxer Floyd Mayweather Jr. and music producer Khaled Khaled – better known as DJ Khaled – for not disclosing that they were paid to promote initial coin offerings…
Tag: news
The 6 Big Takeaways From SEC Chair Clayton’s Crypto Remarks
The tea leaves were swirling Tuesday after Jay Clayton, chairman of the U.S. Securities and Exchange Commission, dropped some hints about what regulators in the United States will (and won’t) do in the crypto space in the coming months and years.…
SEC Chair Clayton: Crypto ETF Needs Exchanges ‘Free From Manipulation’
Jay Clayton, chairman of the U.S. Securities and Exchange Commission (SEC), said Tuesday that he doesn’t see a pathway to a cryptocurrency ETF approval until concerns over market manipulation are addressed. “How that [manipulation] issue gets addressed, I don’t have…
Employees Say Startup Civil Hyped Crypto Returns, But Failed to Pay
Civil was supposed to create a more transparent and democratic model for journalism. But so far, journalists working on its platform have yet to receive all of the compensation they say they were promised when hired. According to several current…
Coinbase’s Chief Policy Officer Is Leaving for a Major VC Firm
U.S.-based cryptocurrency exchange Coinbase is reportedly losing another senior executive. According to a Bloomberg report Wednesday, its chief policy officer, Mike Lempres, is leaving the firm to take on a new role at venture capital firm Andreessen Horowitz. “As chief legal…
Norway Ends Power Tax Subsidy for Bitcoin Miners
The Norwegian government has scrapped a power subsidy currently granted to bitcoin miners. According to a report from local news outlet Aftenposten, in its state budget, the government said that cryptocurrency miners in the country will have to pay normal electricity…
Amended Suit Against Coinbase Details Bitcoin Cash Insider Trading Claims
A new amended class action complaint has been filed against Coinbase, providing more detail on how insiders allegedly profited from the cryptocurrency exchange’s rollout of bitcoin cash last December. The document, filed Nov. 20 with the U.S. District Court for…
Bitcoin Cash SV’s ‘Blockchain Reorg’ Likely an Accidental Split, Not an Attack
Bitcoin Cash “Satoshi’s Vision” – otherwise called Bitcoin SV – suffered a block reorganization Monday by which transactions on two different blocks were overwritten. Though it is possible these two blocks may have been maliciously overwritten by outside attackers, the most…
Huobi Exchange’s Plans for Russia Go Well Beyond Crypto Trading
Huobi, the third-largest crypto exchange by trading volumes, is seeking to fill a void in Russia’s cryptocurrency community. This month, the exchange opened an office in Moscow, the first major crypto trading platform to have a physical presence in the…
Stablecoin Purchases Surged Amid Wednesday’s Crypto Market Drop
The crypto market took a turn for the worse on Wednesday when it lost nearly $30 billion in total market capitalization – but not every asset struggled to find buyers. In fact, certain stablecoins like USD-C, TUSD and DAI each witnessed…