Abra settles with SEC over unregistered securities charges
The SEC announced securities charges against the lending platform over its Abra Earn service but also said the firm had settled with pending civil penalties and an injunction.
Related Posts
Picking winners in the next cycle — Wyoming Blockchain Symposium VC panel
Crypto startup companies attracted $2.7 billion in venture capital funding during the second quarter of 2024.
Play-to-earn falling out of favor after ‘massive shift in priority’ — BGA survey
A new survey has found that the blockchain gaming industry is experiencing a “massive shift," with the once-popular play-to-earn (P2E) model falling out of favor and focus shifting to improving gameplay experience. The survey results were included in a newly released annual report from the Blockchain Game Alliance (BGA) on Jan. 12, conducted with 347 professionals…
Play-and-earn is the secret to mainstream NFT gaming adoption
Since 2017, dozens of projects have created games that use blockchain and nonfungible token (NFT) technology. The overall vision is inspiring and has attracted a solid base of fans and investors in equal measure. However, the industry is still in its infancy, and we have a long way to go until it achieves mainstream adoption.There…
China’s Nationwide Blockchain Network BSN Will Launch in April 2020
China’s nationwide blockchain network, the Blockchain-based Service Network (BSN), will launch in April 2020, six months after it was rolled out for testing.Backed by Chinese government policy think tank the State Information Center (SIC), the ambitious project aims to provide a trusted and scalable infrastructure for supporting new blockchain projects as well as the development…
Operator of Hacked Crypto Exchange Zaif Gets Third Warning From Japan’s Watchdog
Japan's Financial Services Agency (FSA) has issued a third business improvement order to the owner of hacked crypto exchange Zaif, Tech Bureau. The news was reported by Cointelegraph Japan today, September 25.As previously reported, as a result of a security breach on the Zaif exchange September 14, hackers succeeded in stealing 6.7 billion yen ($59.7…
UK Financial Watchdog Seeks Cryptocurrency Expert to Address EU Regulations
The United Kingdom’s major financial regulator, the Financial Conduct Authority (FCA), is looking to hire a specialist with a cryptocurrency background.Specifically, the FCA is seeking an intelligence associate with crypto expertise to address digital assets under the European Union's 5th Anti-Money Laundering Directive, the regulator said in a LinkedIn job posting on Feb. 6.Also known…
Becoming an ‘accredited investor’ in the US is no longer just about being rich
The SEC has relaxed rules that once prioritized net worth over financial sophistication. The Securities and Exchange Commission, or SEC, is now amending its definition of an “accredited investor” to relax the purely wealth-based requirements, after announcing such plans in December 2019.Accredited investors in the U.S. enjoy special privileges with the SEC — namely being…
Auditors reveal USDC backing as Jim Cramer sounds alarm over Tether’s mad money
Auditors working for Circle have disclosed the reserves backing the firm’s USDC stablecoin, while Mad Money’s Jim Cramer has questioned Tether’s lack of transparency with its USDT reserves. Multi-national tax advisory firm Grant Horton conducted the audit, and a reserve attestation report was published on July 20 which showed that 61% of USDC’s reserves were…