Archive | Securities and Exchange Commission

Josh Garza Sentenced to Prison and Fined $9M over GAW & Paycoin Scam

U.S. Attorney’s Office District of Connecticut has announced Homero Joshua Garza (Josh Garza) has been sentenced to “21 months of imprisonment, followed by three years of supervised release, the first six months of which [Mr. Garza] must spend in home confinement, for his role in his companies’ purported generation and sale of virtual currency.” The […]

Brian Kelly: One Last Hurdle for Bitcoin Rally

CNBC Fast Money’s bitcoin bull Brian Kelly sees a Bitcoin rally as just one hurdle away: ETF approval. Although, he does not see this as likely until August 2019. The Big Hurdle Getting the first Bitcoin ETF approved by the Securities and Exchange Commission (SEC) has become a competition between those fighting for the trophy, as […]

SEC Slaps ICO Scammer with $30,000 Fine

David T Laurance has been issued a USD 30,000 penalty from the US Securities and Exchange Commission (SEC) due to his connection with a fraudulent initial coin offering (ICO). He has also been barred from holding officer and director positions, or from trading in and owning penny stocks. Laurance was the president and CEO of […]

Cboe President Still Hopeful for First ETF Approval

The race to receive the coveted spot as the first Securities and Exchange Commission (SEC) approved Bitcoin exchange-traded fund (ETF) continues and Cboe Global Markets Inc believes it still has a chance to make it. Speaking to Bloomberg, Cboe’s exchange operator’s president and chief operating officer Chris Concannon said that it was a matter of working through the issues […]

High-Profile Thai Crypto Case: Bitcoiner Lost Over 5,500 BTC – Ringleader Fled to US

A high-profile crypto case involving a well-known actor and model has come to public attention in Thailand following the enforcement of the country’s crypto regulations. Over 5,564 BTC were reportedly stolen from a bitcoin millionaire. The alleged ringleader has fled to the U.S. Thailand’s main crypto regulator is cooperating with the police on the case. […]

Philippine SEC Shares Draft ICO Regulations

The Philippine Securities and Exchange Commission (SEC) has released a report detailing the country’s proposed initial coin offering (ICO) regulatory guidelines. The 37-page document released by the SEC reportedly comes after consultancy with several Philippine cryptocurrency companies, including Satoshi Citadel Industries and Coins.ph. The proposed rules would require Philippines-based startups and corporations to file applications with the SEC detailing the function […]

Ripple Books Bill Clinton for Keynote Speech at Fall Conference

Global payment blockchain solution Ripple has managed to secure former US President Bill Clinton as a speaker for its autumn technology conference, Swell. Clinton is set to deliver a keynote speech followed by a Q&A at the San Francisco event on 1 October, as outlined in a blog post from Ripple on Tuesday. The post commends Clinton […]

Vitalik Buterin: Focus on Crypto Adoption, Not ETFs

Ethereum co-founder Vitalik Buterin Tweeted out his critique of those focusing too much on ETF approval, pointing out the accessibility of purchasing cryptocurrency should be focused on to promote ”actual adoption”.’ I think there’s too much emphasis on BTC/ETH/whatever ETFs, and not enough emphasis on making it easier for people to buy $5 to $100 […]

Donald Trump’s US Government to Focus More On Crypto-Related Fraud

A new task force created by Donald Trump seeks to further investigate “cyber fraud” and “digital currency fraud,” as per an executive order from the U.S. President and his administration. Trump Looking at Crypto The announcement, made today, looks to place digital currencies amongst more traditional crimes like money laundering and fraudulent investment schemes targeting… […]

Digital Payment Platform Uphold Inks Deal to Acquire New York Broker-Dealer

Uphold, a cloud-based financial services platform, has inked a deal to acquire New York-based broker-dealer JNK Securities Corp., in the latest move by a crypto platform to move itself towards traditional markets. The deal, if approved, will give JNK clients access to crypto trading, potentially bringing new institutional investors to Uphold’s platform and the larger… […]

‘My Big Coin’ in Court This Week as CFTC Tries to Combat Crypto Fraud

The case against embattled cryptocurrency startup My Big Coin is being watched closely by industry insiders, as it will help determine whether or not the U.S. Commodity Futures Trading Commission has the authority to combat potential fraud associated with the coin and others.  Jurisdiction of U.S. Regulators In line with increased attempts this year by… […]