The shockwaves caused by the collapse of Silicon Valley Bank (SVB) were felt by countless businesses, including a bank from India that had no relation with the California-based banking institution. S...
Tag: notice
SEC Wells Notice, what is it and why more may be coming
Ad On February 21, Paxos halted the issuance of new BUSD tokens after it was given a Wells Notice, a document the SEC provides to entities under investigation. The SEC can issue a Wells Notice to outl...
Bank of America CEO predicts most people won’t even notice ‘slight’ recession, but warns interest rates won’t come down for at least a year
Those hoping that interest rates might come down sooner rather than later are likely to be disappointed, according to the CEO of Bank of America, who predicts the figure won’t begin to dip for a...
Supreme Court Ruling Backs XRP ‘Fair Notice’ Defense: Ripple
Ripple Labs’ lengthy battle with the SEC is going down the wire. Both sides have been waiting for US District Judge Analisa Torres to rule on whether Ripple’s years-long selling of XRP constitut...
Lido DAO’s $LDO Dips Amid Rumors of SEC Wells Notice
In its latest “weekly rollup” episode last Saturday (March 4), popular crypto podcast Bankless spread a rumor that the Security and Exchanges Commission (SEC) was going after staking platf...
Lido (LDO) Token Prices Decline by 10% on SEC Notice Rumors
32 mins ago | 2 mins read Altcoin News Wells Notices are letters from the SEC outlining potential charges that might be filed. The staking service is run by the Lido DAO (decentralized autonomous orga...
Lido Price Plummets on Rumor of a SEC Wells Notice
Lido token (LDO) plummeted by almost 20% since Friday after the rumors of a Securities and Exchange Commission (SEC) Wells Notice. As the SEC cracks down on Web3 firms, a rumor from the Bankless Show...
XRP Lawsuit Sees Biggest Twist Yet As Recent Supreme Court Ruling Supports Ripple’s Fair Notice Defense ⋆ ZyCrypto
Advertisement     Covering the U.S. Securities and Exchange Commission’s (SEC) ill-conceived enforcement action against San Francisco-based blockchain company Ripple i...
Ripple Says Supreme Court Case Favors Its Fair Notice Defense
Alex Dovbnya In a court filing, Ripple Labs, CEO Brad Garlinghouse and Executive Chairman Chris Larsen argue that the recent Supreme Court verdict in Bittner v. United States supports their fair notic...
Ripple Files Supplemental Letter in Support of Fair Notice Defense
The letter cites a recent U.S. Supreme Court ruling where two justices relied on the rule of lenity for their opinion. Ripple has filed a supplemental letter in support of its fair notice defense in i...
Who is entitled to overtime? A new Supreme Court decision puts employers on notice
Good morning, CFOs are concerned about compliance risks. And at a time when talent, pay, and compensation are top of mind, the highest court in the U.S. is weighing in on employment laws. “Frankly, ev...
SEC Puts Crypto-Friendly Celebrities on Notice, Fines NBA Legend Paul Pierce $1,400,000 for Plugging EthereumMax
The U.S. Securities and Exchange Commission (SEC) has its radar locked on celebrities endorsing crypto projects. The regulator announced on Friday that it brought charges against retired NBA legend Pa...
The SEC has not ‘Circled’ Around USDC Issuer With Wells Notice
The stablecoin issuer was said to be likely to face regulatory actions Company officials denied any such possibility The rumors and speculations are fatal in themselves but could be disastrous if pla...
Circle Denies Receiving ‘Wells Notice’ Over USDC
The business that generates USD Coin (USDC), Circle, has denied allegations that it has been served with a “Wells Notice” in connection with its dollar-pegged stablecoin. These allegations...
Stablecoin Issuer Paxos Categorically Disagrees With SEC’s Notice Alleging That Binance USD Is a Security
New York-based crypto company Paxos is pushing back against the idea that stablecoin Binance USD (BUSD) is a security. In a statement released on Monday, Paxos says it received a “Wells Notice” from t...
CZ tackles Paxos, BUSD issues; Circle denies getting Wells notice from SEC
Ad The biggest news in the cryptoverse for Feb. 14 saw Binance CEO Changpeng Zhao address various issues related to Paxos and the BUSD stablecoin. Meanwhile, Circle denied that the U.S. SEC has served...
Circle denies that SEC sent any Wells notice
Ad Circle, which issues the USDC stablecoin, has denied that it has received a Wells notice. That denial was recorded in a tweet by CSO Dante Disparte on Feb. 14. Disparte wrote: “Circle has not recei...
Paxos Ready To “Vigorously Litigate” Over SEC’s Wells Notice
Paxos Trust Company, the entity issuing Binance USD (BUSD) stablecoin, has stated that it is prepared to “vigorously litigate” against the SEC over the regulatory body’s Wells Notice. The BUSD issuin...
Paxos Receives Wells Notice from SEC, NYDFS Orders Issuer to Stop Minting BUSD – Bitcoin News
According to a report published on Feb. 12, 2023, the New York-based financial institution and technology company, Paxos, has received a Wells Notice from the U.S. Securities and Exchange Commission (...
bUSD to be Phased Out, SEC Gives Notice – Trustnodes
The tokenized dollar bUSD, with a market cap of $16 billion, is gradually being phased out after its issuer, Paxos, was ordered to stop minting. “We were informed by Paxos they have been directed to c...
Paxos Trust Co. gets Wells notice from SEC over BUSD token
It happens to be the Securities and Exchange Commission (SEC) that has duly informed the crypto company, Paxos Trust Co., which happens to be a crypto firm, that it is contemplating suing the company....
SEC’s Crackdown on Kraken’s Staking Program Puts Other Players on Notice ⋆ ZyCrypto
Advertisement     On Thursday, Kraken agreed to shut down its cryptocurrency staking services in the US and pay a $30 million fine to settle charges against it by the ...
SEC chair Gensler puts crypto industry on notice
In an interview on Feb. 10, acting SEC chair Gary Gensler put the crypto industry on notice over staking, and U.S. regulations. SEC to hammer down more exchanges Barely 24 hours after the shutting do...
Kraken move should put crypto industry ‘on notice,’ Gensler says
Securities and Exchange Commission Chair Gary Gensler sent another warning shot to the crypto industry this morning, just a day after the regulator said it settled with the Kraken exchange over allega...
SNX Price Prediction As Traders Take Notice Of Synthetix Perpetual Futures
Join Our Telegram channel to stay up to date on breaking news coverage Synthetix (SNX) price witnessed an extremely volatile market a day after it recorded a massive surge in trading volume on January...
China Solar Energy Put Back On Notice By New Congress
Scene from inside a China solar manufacturer. China is the world’s No. 1 producer and exporter of … [+] solar panels and solar cells. Of the top 10 solar companies worldwide, Chinese compa...
Bed Bath & Beyond gets Nasdaq delisting notice: What it means
Bed Bath & Beyond can add the risk of being delisted from the Nasdaq Stock Market to its long list of problems. The embattled retailer has yet to file its quarterly Form 10-Q for the period ending...
Corporate America has finally taken notice of Web3 — US trademark lawyer
This year saw an influx of trademark applications filed by various companies looking to get in on the Web3 action. By November, a total of 4,999 trademark applications had been filed in the United Sta...
Orthogonal Trading Gets Default Notice for $36M Debt
Orthogonal Trading has defaulted on eight loans worth around $36 million on DeFi lending protocol Maple Finance. The default has resulted in Maple Finance severing ties with Orthogonal Trading for mi...
Rigel stock soars after FDA approves leukemia treatment, 2 days after receiving delisting notice
Shares of Rigel Pharmaceuticals Inc. RIGL, +1.86% soared 39.5% in premarket trading Friday, after the biotechnology company announced Food and Drug Administration approval of its Rezlidhia leukemia tr...
An Official Notice That Request SBF’s Testimony
The Texas State Securities Board (TSSB) started the investigation into whether FTX violated securities laws with its offerings of the yield-generating EARN product. The FTX founder Sam Bankman-Fried i...