SEC blocks overseas partners from commenting on Ripple (XRP) lawsuit
Ripple’s request to stop the SEC from seeking information from foreign partners, via their respect regulators, gets denied. Judge Netburn denied Ripple’s motion to stop the discovery of foreign requests for assistance by the U.S Securities and Exchange Commission (SEC), as per a filing yesterday. The decision scores a partial victory for the U.S. securities regulator. It seeks […]
Gensler Says SEC Should Be ‘Ready to Bring Cases’ Involving Crypto
U.S. Securities and Exchange Commission (SEC) chief Gary Gensler said Thursday that federal financial regulators should “be ready to bring cases” against bad actors in crypto and other emerging technologies. “As we continue to stay abreast of those developments, the SEC and FINRA [the Financial Industry Regulatory Authority] should be ready to bring cases involving […]
Disclose crypto transactions above $10K says US Treasury
The paper emphasized the possibility to disguise the government revenue from virtual currency and cash. The American Treasury department calls on companies to disclose to the Internal Revenue Service, who accept transactions of over $10,000 in cryptography. The transactions in US currency are equivalent to $10,000 and more. Virtual currencies and cash were identified as […]
Hybrid DEX/CEX exchange Cryptocurrencies AI raises $8 million, taps Binance liquidity
A feature-rich DEX hopes to lure traders in with new tools and liquidity via Binance. . Alameda Research’s latest investment is aiming to build some tricky bridges between decentralized and centralized systems. This morning, Cryptocurrencies.AI (‘CCAI’) announced an $8 million raise led by Alameda Research, DFG, Rarestone Capital, and half a dozen other funds. The […]
Top mining, metals firms test blockchain to trace cobalt for electric cars
Miners Glencore, CMOC, and Eurasian Resources Group, together with battery material supplier Umicore, are looking for ways to ensure the cobalt used for electric vehicles is traceable. Establishing responsible cobalt sourcing practices has become a major focus of attention for human rights groups, environmental researchers and others in recent years. In the Democratic Republic of […]