9 people face charge over alleged crypto mining Ponzi scheme
US authorities have charged Nine individuals for founding or promoting two crypto mining and trading businesses that are allegedly Ponzi schemes that raised $8.4 million from investors. The Southern District of New York’s U.S. Attorney’s Office unveiled the indictment on December 14, stating that IcomTech and Forcount, two alleged crypto mining and trading firms , […]
Avalanche founder Dismisses Smear Campaign Allegation
Emin Gün Sirer, the founder of Avalanche, said that the claims, which caused the AVAX token to drop by about 11%, are “categorically false.” Emin Gün Sirer has said that recent claims that his company, Ava Labs, was involved in a campaign to smear competitors of Avalanche, the company’s $5 billion layer 1 blockchain, are […]
Crypto Tokens To Become Securities According To Grayscale
Grayscale said in recent filings that the three crypto tokens “may be a security based on the facts as they stand right now.” The U.S. Securities and Exchange Commission (SEC) has asked Grayscale Investments LLC about its “security law analysis” of tokens in some of its less popular crypto trusts. The investigation, which Grayscale revealed […]
US SEC allegedly threatens to sue Coinbase over crypto yield program
In response to Brian Armstrong’s revelation that the SEC had threatened to sue Coinbase, the SEC stated, “They refuse to tell us why they believe Coinbase is a security and instead subpoena a bunch of records from us.” The Securities and Exchange Commission (SEC) of the United States has reportedly threatened to sue Coinbase over […]