MoneyGram, the global money transfer service, has changed its relationship with blockchain payments firm Ripple amidst Ripple’s litigation with the Securities and Exchange Commission (SEC). It has been reported that the company is “not planning for any benefit from Ripple market development fees” for the first quarter of 2021. However, MoneyGram said that it had a more than $12 million net expense benefit from Ripple in the same quarter last year. More trouble for Ripple is o

The United States Securities and Exchange Commission (SEC) stated that BlackRock, the world’s largest asset manager, could be preparing its entry into the Bitcoin (BTC) derivatives market. It has been reported that the two prospectus filings — BlackRock Funds V and BlackRock Global Allocation Fund, Inc., appeared on the SEC website on Wednesday. However, both filings mention the possibility of using Bitcoin derivatives and other assets as part of its investment scheme. Neithe

XRP investors have filed with a Rhode Island court to change the course of the Securities and Exchange Commission‘s (SEC) case against Ripple. It has been reported that the filers are calling upon new Acting Chairman Elad Roisman to alter the course that his predecessor, Jay Clayton, set by beginning enforcement against Ripple just before his departure. However, in response to what it calls “the most significant SEC enforcement action in modern history,” the Friday filing is

Securities and Exchange Commission of Nigeria has defined digital assets in new statements under its regulatory umbrella. It has been reported that the Nigerian SEC defined tokens and coins in the country’s financial markets. The commission stated that these digital assets, which provide “alternative investment opportunities”, would be classified into four different categories for regulatory oversight. However, the SEC said: “Virtual crypto assets are securities, unless prove

Arca Labs has begun trading for its new digitized security, the ArCoin that runs on the Ethereum blockchain and represents shares in Arca’s U.S. Treasury Fund. On July 6 an announcement was made by the firm stating that ArCoin is registered with the Securities and Exchange Commission and is composed of 80% U.S. Treasury securities. EXCLUSIVE: Investment manager Arca uses ethereum in first SEC-registered fund for digital shares: https://t.co/O18ei98iiE by @CharlesLBovaird — Fo

DraftKings, the online fantasy-sports company, has filed a Form S-1 registration statement with the US Securities and Exchange Commission (SEC), which indicates SBTech, a company DraftKing acquired, was hit by a ransomware attack in March. It has been reported that according to the registration form, which is required by the SEC before companies may go public on Nasdaq, SBTech, an online gambling technology provider that merged with DraftKings, suffered the cyber attack befor

FinHub, a fintech arm of the US Securities and Exchange Commission (SEC) will host digital meetings for industry players amidst COVID-19 lockdown. On June 11, the commission said in a statement: “To facilitate ongoing communications, FinHub will host a series of thematically-based virtual P2P meet-ups over the next few months. During each series, FinHub staff will meet virtually with innovators, entrepreneurs, or firms that wish to discuss issues related to that series’ theme

Some of the investment firm executives have debated the likelihood of the US Securities and Exchange Commission (SEC) licensing a US-based Bitcoin (BTC) exchange-traded fund (ETF) during a CNBC broadcast on March 7. #RetailDemand May Force the #SEC to #Approve a #BitcoinETF by Samuel Haig https://t.co/iD00Bz1Do4 via @cointelegraph — Froi (@Troubledplanet) March 8, 2020 It has been reported that the discussion follows the SEC’s recent rejection of its last pending Bitcoin ETF

The US Securities and Exchange Commission (SEC) has ordered that ICO broker ICOBox must pay $16 million after the startup failed to act on previous legal action from the commission. https://t.co/tBIsxmUa4L — Paul Swegle (@pswegle) March 7, 2020 On March 6, according to a statement, it has been reported that US District Judge Dale Fischer of California sided with the SEC in a default judgment, after the alleged unregistered broker failed to respond to the commission’s lawsuit

The Securities and Exchange Commission (SEC) fortified its case against Telegram saying its Gram Token is worth less than donuts. In a battle with Telegram and the Telegram Open Network (TON), the SEC argued in a memo to the Southern District Court of New York: “Telegram offered and sold Grams as securities when it promised to deliver them in exchange for funds pursuant to the Purchase Agreements. That reality will not have changed if the Court permits Telegram to deliver Gra

Thailand’s securities regulator grants license to Asia-pacific crypto-fiat trading platform Zipmex. On Jan. 20 a press release was shared by the Thai Securities and Exchange Commission (SEC) that approved the license for Zipmex while placing a strict regulatory requirement on applicants. In order to secure the license, one needs to have at least 50 million baht ($1.65 million) while having a high standard in their IT and cybersecurity systems. Under Thai law, licensed digital

Pavel Durov, the CEO of Telegram, gave a deposition regarding the company’s alleged violation of United States securities law by conducting a $1.7 billion Gram token sale in 2018. Telegram CEO’s 18-Hour Deposition Transcript Is Published Online https://t.co/EJ9tzsd5Wf pic.twitter.com/QaByKHvDye — Crypto World News (@cryptoworldnews) January 18, 2020 It has been reported that the deposition was held on January 7 and 8 before a court reporter designated by the court reporting

There are some major regulatory developments in the crypto space, which have developed this week. Not only Germany, who has passed a bill that allows banks to sell and store cryptocurrencies, but South Korea and Thailand are also amending their laws to better regulate the crypto industry. #currency #cryptocurrency Regulatory Roundup: Germany to Let Banks Sell and Store Crypto, Laws Changing in Asia: Some major regulatory developments in the crypto space have transpired this w

Gladius, the distributed cybersecurity startup, dissolved without complying with the United States Securities and Exchange Commission (SEC) to refund investors. Gladius Dissolves Ignoring SEC Order to Refund $12.7M ICO (Cointelegraph) Gladius has ceased all operations without reimbursing its investors as ordered by the SEChttps://t.co/qZgZefX5Vd#LeverageTrading pic.twitter.com/BETxH9IaRR — CRYPTONEWS.WATCH (@crypto_news24) November 24, 2019 On November 22, Alex Godwin, the

Kik, the Canadian born instant messaging application, recently announced on Twitter that it is “here to stay” despite all the recent inconveniences associated with the United States Security Exchange Commission (SEC). Great news: Kik is here to stay!!!!AND there’s some really exciting plans for making the app even better. More details coming soon. Stay tuned. 🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉 — Kik (@Kik) October 13, 2019 At a point, where Kik is currently f

Telegram Open Network (TON) developers responded to its investors after American regulators abruptly announced that its $1.7 billion token sales were illegal. According to a TON letter to investors, the firm has been trying to solicit feedback from the United States Securities and Exchange Commission (SEC) for the past 18 months regarding the TON blockchain and does not agree with the recent action. It wrote: “We were surprised and disappointed that the SEC chose to file the

Chinese crypto mining giant Canaan Creative plans to list as a publicly traded company in the United States in November 2019, according to an unconfirmed report. Oct 8. 8BTC reported the unconfirmed news citing several sources. Canaan Creative declined to comment on the matter to the Chinese crypto outlet 8BTC while the news was published. $200 Million Initial Public Offerings (IPO) Request A $200 million initial public offering (IPO) request was filed by Canaan Creative with

Nebulous, the makers of Sia, a network for decentralized data storage, has settled with the U.S. Securities and Exchange Commission (SEC) over an unregistered securities offering and conversion scheme. On October 1 (Tuesday), it has been written in a blog post that the company announced the settlement without admitting fault. It will pay disgorgement of $120,000, prejudgment interest of $24,602 and a civil money penalty of $80,000. At the time of the 2014 token sale, Nebulous