The SEC alongside the DOJ, has levied serious charges against key figures in a $1.9 billion cryptocurrency fraud scheme involving Hyperfund. SEC and DOJ Crack Down on $1.9 Billion Hyperfund Crypto Fraud The U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have taken major legal action against individuals involved in a massive $1.9 billion … [Read more...] about SEC, DOJ Charge Individuals in $1.9 Billion Hyperfund Cryptocurrency Fraud
SEC
SEC approves BSTX for blockchain settlements on traditional markets
The Boston Security Token Exchange (BSTX), a new facility of the Boston-based BOX exchange, received regulatory approval from the United States Securities and Exchange Commission (SEC) to operate as a blockchain-based securities exchange. BSTX was launched jointly by BOX and Overstock’s blockchain arm tZERO, originally seeking approval for launching publicly-traded registered … [Read more...] about SEC approves BSTX for blockchain settlements on traditional markets
SEC Objects to MicroStrategy’s Accounting Adjustment for Its Bitcoin Holdings
Under standard accounting rules, the value of digital assets such as cryptocurrencies must be recorded at their cost and then only adjusted if their value is impaired, or goes down. But if the price rises, that does not get reflected until an asset is sold. Source link … [Read more...] about SEC Objects to MicroStrategy’s Accounting Adjustment for Its Bitcoin Holdings
SEC Must Surrender Hinman Email on Ether to Ripple, Judge Rules
An email of a draft of a 2018 speech by Hinman, former director of Corporation Finance, is included in the list of documents to be surrendered. Hinman gave the speech in June 2018, telling the audience at a conference that, in his view, ether was not a security. Source link … [Read more...] about SEC Must Surrender Hinman Email on Ether to Ripple, Judge Rules
Will the SEC Answer a Billion-Dollar Question?
A 17th century principle is finding use in 21st century tech. We’ll talk about blockchain insurance.-AND-Another U.S. state will start to recognize blockchain data. Rock and roll!-DON’T MISS-CoinDesk’s Christine Kim joins host Stan Higgins to discuss a proposed bitcoin ETF from investment management firm VanEck that’s put all eyes on the SEC. Again.Recorded August 7, 2018 in … [Read more...] about Will the SEC Answer a Billion-Dollar Question?