Both bitcoin (BTC) and ether (ETH) broke downwards after Kraken’s SEC settlement, having traded tightly between two key levels for nearly three weeks. The bellwether crypto began selling off at around...
Tag: SEC
SEC Commissioner Blasts ‘Paternalistic and Lazy’ SEC
SEC Commissioner Hester Peirce lashed out at her own agency on Thursday over its decision to slap Kraken with two charges — forcing the crypto exchange to shutter its staking operations. Kraken ...
Here Is How SEC Could Benefit From Ripple’s Settlement
A crypto advocate highlights what the SEC stands to gain by settling with Ripple Following reports of Kraken’s settlement with the SEC, an XRP proponent has highlighted what the securities watchdog st...
Kraken Agrees To Shutter Staking As Part Of SEC Settlement
Cryptocurrency exchange Kraken and the United States Securities and Exchange Commission (SEC) have reached a settlement under which Kraken will pay a $30 million fine and shutter its staking business....
SEC Probes Cryptocurrency Staking: Retail Investors At Risk?
The cryptocurrency world has been thrown into turmoil following rumors of a potential ban on cryptocurrency staking for retail investors by the United States Securities and Exchange Commission (SEC). ...
Coinbase CEO addresses rumors that US SEC might ban crypto staking
Join Our Telegram channel to stay up to date on breaking news coverage Brian Armstrong, the CEO of the leading US crypto exchange, Coinbase, recently shared a rumor on Twitter that, if true, would hav...
SEC Chair Gary Gensler Issues Stern Warning To Crypto Firms, Demands Compliance Following Action on Kraken Staking
In the world of cryptocurrencies, the U.S. Securities and Exchange Commission (SEC) is considered the watchdog. The SEC ensures that investors are protected from fraudulent and illegal activities in t...
SEC chair issues warning to crypto firms after action on Kraken staking
United States Securities and Exchange Commission Chair Gary Gensler issued a warning to crypto companies to “come in and follow the law” after the agency announced a settlement with crypto exchange Kr...
U.S. Parliament Summons SEC Chair Over Role in FTX Investigation
The U.S. Parliament has requested communication details from the SEC over the investigation of SBF. The SEC chair was given until 5pm, February 24 to provide requested information. GOP’s aims at provi...
What Is Crypto Staking and Why Is the SEC Cracking Down?
(Bloomberg) — In the latest of a string of actions brought by the US Securities and Exchange Commission, the crypto exchange Kraken agreed to pay $30 million to settle allegations that it broke ...
SEC Chair Demands Full Disclosure From Crypto Firms
Chairman of the Securities and Exchange Commission (SEC) Gary Gensler said in an interview on CNBC that crypto companies will not survive unless they comply with free and fair disclosure rules. Gensle...
U.S. House Committee Doubts Timing Of SEC FTX Probe
SEC FTX Probe: In a new development around the US SEC’s probe on FTX collapse, the U.S. House Committee on Financial Services Republicans raised serious concerns about the way the matter was handled. ...
Chairman Gary Gensler Says SEC Is ‘Neutral’, Calls Staking an ‘Important Innovation’
In its most recent move against the cryptocurrency sector, the Securities and Exchange Commission fined exchange Kraken $30 million for its staking service. The action is making cryptocurrency firms ...
Kraken co-founder Jesse Powell comments on staking and SEC settlement
Ad Jesse Powell, co-founder and exiting CEO of Kraken, commented on his company’s decision to halt its U.S. staking services in a series of tweets on Feb. 9. Kraken leader comments on the settlement Y...
Congressmen Launch Probe Into SEC Handling of FTX, Sam Bankman-Fried
Members of the United States House of Representatives are looking for answers regarding how the U.S. Securities and Exchange Commission (SEC) investigated the collapse of the crypto exchange FTX. On F...
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...
Ripple CEO Weighs in on Global Crypto Adoption After SEC Clampdown
Brad Garlinghouse, the CEO of the blockchain payment company that fights the US SEC in court over the status of XRP, believes there’s a lot of positive news in terms of crypto adoption worldwide. He m...
SEC Filing Reveals Paypal Held $640M in Crypto as of December End
10 hours ago | 2 mins read Editors News The SEC mandated this level of detail in March of 2022 as part of a new set of regulations. Included in the total were $291M in Bitcoin (BTC) and $250M in Ether...
SEC Chair Gary Gensler Blames Kraken for ‘Choosing’ Not to Follow the Law
The crypto industry uproar following the SEC’s crackdown on staking services has been heard far and wide—yet the agency’s chairman isn’t budging an inch. Speaking with CNBC’s Squawk Box on Friday, SEC...
SEC Staking Crackdown Could be Positive For Decentralized ETH
On Feb. 9, Gary Gensler and his SEC took aim at Kraken and its staking-as-a-service products. The regulator claims that the U.S. crypto exchange is offering unregistered securities through its staking...
SEC scare sends the crypto market into a freefall
The cryptocurrency market has taken a hit in the past 24 hours, as the global market cap has dropped by an estimated 4.5%, down to $1.02 trillion. Global crypto market cap chart Source: CoinMarketCap...
Coinbase stock drops again as SEC crackdown on staking spooks investors
A crackdown on crypto staking from the SEC has weighed on shares of Coinbase (COIN) this week following charges levied at competitors and a cryptic tweet from CEO Brian Armstrong. Shares of Coinbase f...
SEC Cracks Down on Crypto Staking, BTC Loses $23K Mark but Bitcoin NFTs Soar: This Week’s Recap
The past seven days saw the cryptocurrency market decline considerably and lose around $60 billion of its total capitalization. This came on the back of a regulatory crackdown on behalf of the United ...
Crypto Crackdown Exposes Internal Battle Within The U.S. SEC
Following the settlement reached by Kraken and its subsidiaries Payward Ventures and Payward Trading with the Securities Exchange Commission (SEC) on February 9, covered by Bitcoinist, Commissioner He...
SEC Reportedly Probes Mormon Church Over $100 Billion Investment Portfolio Allegedly Saved For ‘Second Coming Of Christ’
Topline The Securities Exchange Commission is investigating the Mormon Church over allegations it failed to disclose investments in a secretive $100 billion portfolio, the Wall Street Journal reported...
Bitcoin price taps 3-week lows as SEC fears liquidate $250M of crypto longs
Bitcoin (BTC) fell to bearish target zones on Feb. 10 as bulls failed to hold important support above $22,000. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Crypto wipeout mounts as BTC p...
Hoskinson Sides with SEC: ‘ETH Staking Looks Like Regulated Products’
Charles Hoskinson maintains that staking ETH looks like regulated products. Cardano founder believes locking funds and centralization hurts the crypto industry. Coinbase CEO stands against the SEC’s s...
SEC Commissioner Peirce Disagree With The SEC’s Assertion
SEC Commissioner yesterday issued a public dissent to her agency’s enforcement action against crypto exchange Kraken. She wrote in a statement that she does not agree with the SEC’s assertion that the...
This Week in Crypto News: SEC, LocalBitcoins and Microsoft
This week in crypto news ended with a bang as the U.S. Securities and Exchange Commission (SEC) started tightening its manacles on stablecoins. It sounded like all-out war was brewing at press time as...
Armstrong Responds to Grewal’s Comment: SEC Settles Kraken Case
Brian Armstrong responded to Paul Grewal’s comment on the former’s post. Armstrong previously posted about the rumors on SEC’s settlement with Kraken. Following the tweet, SEC settled the case and Gre...