XRP Whales Move 430M Coins Amid Chris Larsen’s XRP Dump
Whale Alert data revealed multiple XRP whale transactions including the accumulation of 30M XRP from Bybit and the transfer of 383.85M coins. On Wednesday, XRP whales once again took the cryptocurrency market by storm, which is a thrilling turn of events that have taken place at the same time. Recent data from the blockchain suggests […]
BNY Mellon Moves Toward Crypto Custody Services
With an exemption from a staff accounting bulletin from the SEC, BNY Mellon moved closer to custody of Bitcoin and Ethereum. According to Bloomberg, BNY Mellon is preparing to offer cryptocurrency custodial services for Wall Street exchange-traded funds holding spot Bitcoin and spot Ether. The report said that following an examination by the U.S. Securities and […]
SEC Charges TrustToken, TrueCoin over Stablecoin Fraud
The U.S. Securities and Exchange Commission charged securities violations to two cryptocurrency organizations associated with the TUSD stablecoin. TrueCoin and TrustToken settled the charges brought against them, which included allegations of unregistered offering and sales of investment contracts between November 2020 and April 2023. Through the creation of the decentralized finance lending platform TrueFi, TrustToken […]
SEC Mark Uyeda Opposes Audit Trial for Cryptocurrency
According to SEC Mark Uyeda, the overregulation of private funds and the violation of privacy are the results of audit trials that monitor sensitive investor data. On Tuesday, September 24, Gary Gensler, the U.S. Securities and Exchange Commission (SEC) Chairman, and five SEC commissioners are scheduled to appear before the House Financial Services Committee. The […]
Green United Fails To Drop $18M Case For Crypto Mining Fraud
Green United LLC has failed to discharge a lawsuit filed by the SEC on operating a fraudulent crypto mining scheme that earned investors $18 million. In March, the SEC accused defendants Wright Thurston and Kristoffer Krohn, who operated cryptocurrency mining firm Green United LLC, of fraudulently offering securities. They sold “Green Boxes” and “Green nodes” […]