Archive | securities

Goldman Sachs President to Become CEO by End of Year, More Crypto Involvement Expected

Goldman Sachs current president, David M. Solomon — who moonlights as an EDM DJ and practices yoga — is set to become the company’s CEO by the end of this year. Solomon as CEO at Goldman Solomon, who has already started putting together his management team, is set to replace longtime Chief Executive Lloyd C…. […]

Ripple Hit with Lawsuit While Binance Expands XRP Listings

It has been a tumultuous week for San Francisco based Ripple Labs which now finds itself embroiled in another law suit. This time a disgruntled investor has taken up legal action claiming the blockchain firm has violated federal securities laws. Digital Coins Created ‘Out of Thin Air’ According to Thursday’s class action suit which is… […]

Ether & Ripple Doomed As Securities According to Regulation Expert

Former Obama administration financial regulator Gary Gensler believes cryptocurrencies such as ether and ripple appear as unregistered securities, and in current violation of the law. His comments carry considerable weight in the broader financial community. They also come after venture capitalists and lawyers invested in ether projects met secretly with the US Securities and Exchange […]

Major VC Firm Asked SEC to Not Categorize Cryptocurrency as Security

The self-branded “Venture Capital Working Group” has approached the SEC to propose regulatory “Safe Harbors” for some tokens and cryptocurrency. Crypto Advocates Bring Proposal to SEC A group of lawyers and investors assembled by venture capital firm Andreessen Horowitz met with the SEC in Washington on March 28 to lobby against defining all cryptocurrencies as securities which… […]

How Monex Plans to Revive Hacked Japanese Crypto Exchange Coincheck

The hacked Japanese cryptocurrency exchange Coincheck has officially been acquired by one of Japan’s largest online brokerage firms. Monex Group has outlined its plans of reviving Coincheck and the risks associated with the acquisition. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Acquisition Completed Coincheck has officially become a wholly-owned subsidiary of Monex Group […]

Texas State Securities Board Releases “Crypto Report,” 32 Companies Under Scrutiny

In a sign of the times, crypto-related scams have surpassed those involving oil, gas, and real estate in recent months as the most popular means by which fraudsters are attempting to take money from Texas investors, according to a cryptocurrency report authored by Joe Rotunda and his agency the Texas State Securities Board (TSSB). Companies… […]

Ripple Struggles to Get Listed on U.S. Exchanges as Regulators Determine What Coins Are Deemed Securities

XRP is marketed as a valuable link between the world of traditional banking and digital currencies, supposedly designed to revolutionize how banks move cash across borders, making transactions faster and cheaper. Despite this, Ripple is struggling to get listed on two major U.S.-based cryptocurrency exchanges, Gemini and Coinbase. According to people familiar with the matter who asked to… […]