SEC - Page 2 - AllStocks Network

Block.one, EOS Creator, Slapped with $24 Million Fine for Unlicensed ICO

Posted on October 2, 2019October 2, 2019 by Julie Williams

Wrapping off the month of September, the United States Securities and Exchange Commission (SEC) revealed to the general public that the prominent blockchain-based firm Block.one, the creator of the cryptocurrency EOS (EOS)trade, has been in the business of selling unregistered tokens for a year in 2017-2018. According to the SEC’s order, the cryptocurrency company Block.one was nabbed by the regulator’s Cyber Unit. The order states that Block.one willfully ignored the SEC’s rule of registering every…

Kik Closes Messaging App after Costly Clash with the SEC; Focuses on Cryptocurrency Kin

Posted on September 24, 2019September 24, 2019 by Rehan Yousaf

Kik, one of the largest messaging applications to operate on a global scale, has decided to shut down in the face of a ferocious legal battle with the U.S. Securities and Exchange Commission (SEC) that has exhausted the company’s chances for survival. Recently, the company issued a layoff notification to 70 employees of its cryptocurrency subsidiary Kin in Israel. Eight years ago, a group of students from Canada created an instant messaging application called Kik….

SEC Chairman: Investors Should Be Wary of Bitcoin Until It’s Better Regulated

Posted on September 22, 2019September 22, 2019 by Rehan Yousaf

Jay Clayton, Chairman of Securities and Exchange Commission (SEC), says that investors should be cautious about trading Bitcoin(BTC)trade on a large scale. On Thursday, he asserted that until Bitcoin is regulated and monitored, it should not be traded on a major exchange. The current market capitalization of the largest digital currency has reached total value of over $177 billion and continues to grow as a more mainstream business. The cryptocurrency industry is planning to introduce…

The SEC Sues ICO Platform ICOBox for Violating Federal Securities Laws

Posted on September 22, 2019September 22, 2019 by Ravi Rd

According to a press release on September 18, the U.S. SEC has taken legal actions against a blockchain and crypto company called ICOBox and its founder Nikolay Evdokimov for illegally distributing $14 million worth of the company’s digital token and operating as an unregistered broker for other digital asset offerings. The United States District Court for the Central District of California has ordered to conduct the investigation which was led by Brent W. Wilner and…

Blockstack Stockpiles $23 Million in First SEC-Certified Token Offering

Posted on September 12, 2019September 12, 2019 by Rehan Yousaf

Muneeb Ali, the co-founder and the CEO of Blockstack PBC, has announced on a blog post that the sale period for Blockstack’s SEC-qualified token offering has ended on September 9, with $23 million raised across the two sales. For the very first time ever in the US, retail investors were able to participate in a SEC-qualified token offering. Blockstack is the first crypto startup to get the greenlight from the U.S. Securities and Exchange Commission…

SEC Charges Dallas-Based Crypto Exchange Bitqyck and Founders for Fraud

Posted on September 2, 2019September 2, 2019 by Ravi Rd

On August 29th the Securities and Exchange Commission (SEC) announced that it has settled the charges with the Dallas-based unregistered cryptocurrency exchange Bitqyck and its founders. According to the SEC, the founders, Bruce Bise and Sam Mendez, leveraged an unregistered coin offering and illegally operated crypto exchange with the intention to con investors. According to the SEC, Bise and Mendez had an unregistered initial coin offering through which they created and distributed two cryptocurrencies, Bitqy…

Prominent Analyst Slams XRP as a ‘Scam Coin’ Following a Lawsuit against Ripple

Posted on August 20, 2019August 20, 2019 by Ansab Gillani

An old Ripple (XRP)trade controversy has once again emerged from the shadows. The crypto company has been recently accused of selling unregistered securities by one of its investors, Bradley Sostack. And this time, the topic has once again surfaced with a bellicose tweet of cryptocurrency analyst Tone Vays. Vays states in his tweet that “[t]he SEC is bringing Thor’s Hammer… The next #Bitcoin Law Review is gonna be epic… Come at me $XRP Army “of…

US SEC Seizes $8M of New Yorker who Deceptively Promoted Cryptocurrency

Posted on August 14, 2019August 14, 2019 by Ravi Rd

In a recent press release of the U.S. Securities and Exchange Commission (SEC), it has been announced that a New York-based self-proclaimed ‘financial guru,’ Reginald “Reggie” Middleton, and two companies that he owns have been arrested and charged for running a crypto scam that sells security tokens to investors and for attempting to execute all sorts of illicit market manipulations. The court also ordered to freeze $8 million out of net $14 million an accused…

SEC Commissioner Peirce: The U.S. Should Learn from Bermuda About Crypto Regulation

Posted on August 13, 2019August 13, 2019 by Julie Williams

One of the present commissioners of the U.S. Securities and Exchange Commission (SEC) made the conjecture that the U.S. should learn from other countries regarding cryptocurrency regulation during a convergence forum held by Singapore University of Social Sciences. Commissioner Hester Peirce, in some circles known as the ‘Crypto Mom,’ explained that in her opinion although a single global regulatory framework would be a disaster, there is a need to learn from other international regulatory agencies….

SEC Approves the Sale of PoQ Tokens Without Registration as Securities

Posted on July 28, 2019July 28, 2019 by Julie Williams

A gaming company known as Pocketful of Quarters (PoQ) has recently received the blessings of the U.S. Securities and Exchange Commission (SEC) to issue crypto tokens in its platform without registration PoQ plans on issuing the token dubbed Quarter in its gaming platform to enable players enjoy real-time gameplay without spending a fortune. Quarters are ERC-20 tokens, which will be issued on the Ethereum (ETH)trade blockchain. The platform, which is already furnished to the highest…

« 1 2 3 4 … 6 »