Terraform Labs May Stop Products, Services Amid Bankruptcy
On September 25, Terraform Labs warned X that it would terminate several products and services on October 30 if no third parties took over. On September 25, Terraform Labs warned X that it would terminate several products and services on October 30 if no third parties took over. The selloff is a component of Terraform’s […]
US SEC Wins as Judge Rules Crypto ‘Boxes’ as Securities
US SEC has accused Green United of running a fraudulent operation by raising $18 million from investors through the sale of these devices. The Securities and Exchange Commission (SEC) has been successful in having a federal court in the United States of America rule that cryptocurrency mining machines are securities. The Securities and Exchange Commission […]
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 […]