Crypto advocates file brief against SEC's investor tracking database
The Consolidated Audit Trail would gather a monumental amount of data, and more than it is meant to when it exposes the identity of crypto wallet holders.
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Venezuelan Investors File Lawsuit With US Court in Connection With $30M Crypto Fraud
A group of Venezuelans has filed a lawsuit with a Florida Federal Court in connection with a Ponzi scheme involving $30 million in cryptocurrency promoted by Canadian investment radio host Harold Seigel.Payment and commerce news outlet Pymnts.com reported today, July 16, that seven Venezuelans claim to have been lured into a $30 million worth digital…
South Korean City Opens Public Services to Blockchain-Based ID App
South Korea’s second-largest city, Busan, will let its citizens access government services using a blockchain-based identification app developed by Coinplug. 1148 Total views 50 Total shares Busan, the second-largest city in South Korea, has launched an identification app that uses a public blockchain to verify citizen information.The app was developed by Coinplug, a Korean startup…
Vermont becomes the sixth US state to launch investigation against Celsius
The state financial regulator alleged that Celsius violated state security laws by offering high crypto interest rate accounts to customers and unethically using clients’ funds to invest in illiquid products. 238 Total views 42 Total shares Vermont's Department of Financial Regulation (DFR) issued a warning against troubled crypto lending firm Celsius on Tuesday, reminding users…
Report: Thai SEC Approves Country’s First ICO Portal
Thailand’s securities regulator has approved the first initial coin offering (ICO) portal in the country, local daily news outlet the Bangkok Post reported on March 12.The Thai Securities and Exchange Commission's (SEC) board of directors has reportedly authorized the first ICO portal that allows to screen ICOs, perform due diligence, confirm smart contract source codes…
Separating Web3 facts from fiction: Report
The term Web3 is often used as shorthand to discuss the new phase of the internet. It describes leaving the era of centralized social media and massive e-commerce platforms and arriving at a utopia of user-controlled data. Web3, in a colloquial sense, is simply an umbrella marketing term that means anything crypto-adjacent. To offer clarity on…
Coinbase Acquires Blockchain Analytics Startup Neutrino
United States cryptocurrency exchange and wallet Coinbase has acquired blockchain intelligence startup Neutrino, according to a post published in the company’s blog on Tuesday, Feb. 19.Coinbase reveals that the company will continue to operate as a standalone business in its London office. The amount of the contract has not been disclosed.The U.S. exchange believes that…
SEC v. Ripple: Here’s how two 2012 memos can turn the tide in the milestone crypto case
Ripple’s court battle with the United States Securities and Exchange Commission has recently seen new developments that, according to some observers, could foreshadow an impending resolution of this massively consequential case. Feb. 17 marks the deadline for Ripple to unseal a series of 2012 documents whose contents will likely sway the opinions of both the…
Waiting game: Why Friday’s $6B in Bitcoin and Ethereum expiries may not move the market
After an incredible start in 2021, Ether peaked at $4,380 on May 12 but has dropped 55% since then. Unlike the leading cryptocurrency, the Ethereum network faces competition from projects that do not depend on proof-of-work, hence not facing the bottleneck issues that caused transaction fees to skyrocket.Whenever markets disappoint traders with a negative surprise,…