Recent reports allege that Binance had "entered into an agreement to sell the entirety of its Russia business to CommEX," an exchange that launched only the day before.
Following brc-20, sats.names, and bitmap comes friend.tech, a marketplace that allows users to buy and trade shares with digital currency, successfully onboarding 10,000 users in its August 9 launch.
Buffone Law Group issued the memo warning that Ethereum’s move to proof-of-stake and the Ethereum 2.0 staking programs offered by exchanges amount to illegal securities under the Howey test.
The National Bureau of Economic Research released a working paper on U.S. households' attitudes toward digital assets, which sought to understand cryptocurrency investment decisions and motives.
Ripple execs are hyping up the U.S. SEC communications relating to a speech given by Bill Hinman in 2018, in which he said that he did not believe BTC or ETH were securities.
Charging the world's two largest exchanges—Coinbase and Binance—poses a question of what makes a digital asset a security following the SEC's refusal to make a similar move against BTC and ETH.
Charges filed by the SEC against Binance and Coinbase spell trouble for the 'crypto' industry dominated by exchanges that offer assets that amount to securities without proper authorization.
Coinbase filed an official protest of plans by the U.S. SEC to expand the Investment Advisers Act of 1940 custody rules in order to “protect a broader array of client assets and advisory activities.”
The NYAG filed charges against exchange KuCoin last week over failing to register as a securities and commodities broker-dealer while ETH was expressly labeled a security in the charges.
As per the legal opinion of both the chairman of the Securities and Exchange Commission and the New York Attorney General, Ethereum, and most other tokens sold via ICO, are unregistered securities.
According to a recent assessment by Chainalysis, a large chunk of ETH tokens that went missing from FTX wallets was stolen, while some funds had gone to the Bahamian regulator's wallets.