Securities and Exchange Commission (SEC) has termed the initial coin offering that Bloom protocol offered in 2018 as securities. Therefore, the agency requested the protocol to duly register its tokens to avoid…
Category: Regulation
Coinbase Faces SEC Allegation And Another Class Action Case
A New York law firm, Bragar Eagle & Squire, has filed a court case against Coinbase for knowingly offering illegal securities to customers. The accusation involves anyone who purchased the alleged securities…
Titanium Blockchain Admits Guilty To $21M Crypto ICO Scam
Titanium Blockchain Infrastructure Services (TBIS) has been on the radar of the U.S. DOJ since 2018. The CEO of the cryptocurrency firm, Michael, was picked up over an alleged ICO scam on…
U.S. SEC Declares 9 Tokens as Securities
The SEC proclaimed the tokens as securities following a 62-page filed petition. The SEC’s stand has continued to attract crypto users’ attention, who believe the declaration could harm the space. The tokens…
U.S. Senator Reprimands SEC Over Power Drunk Actions
A prominent Senator has called out the U.S. Security and Exchange Commission, reprimanding their moves toward crypto firms and companies. Senator Tom made the accusation during a meeting with the finance committee….
Russian President Prohibits Use of Crypto As Payment
The news of the ban/prohibition has continued to generate mixed reactions online and from some citizens of the country. Russia has been one of the countries where their cryptocurrency space/industry has always…
South Africa Central Bank Accepts Cryptocurrency As Financial Asset
The New notice was made known by the Deputy Governor of the South Africa Reserve Bank (SARB). Who stated that after much evaluation, and study SARB has finally decided to adopt the…
European Firm, Banking Circle Adopts The USDC Stablecoin
A European-based bank, Banking Circle, which specializes in cross-border payments, has announced another development. The bank is integrating the US dollar-pegged stablecoin, USDC, for payment purposes. Banking Circle Adopts USDC For Payment…
Solana Exceeds Ethereum’s NFT Transaction Volume
According to the latest reports, Solana, the famous Ethereum-killer, recorded increased NFT transactions last week. The latest NFT market, Magic Eden, launched on Solana, contributed to Solana’s increased transaction volume. In a…
US Senator Lummis Believes Fed Should add Bitcoin to its Balance Sheet
US Republication senator, Cynthia Lummis, hailing from Wyoming believes that the Federal Reserve should add bitcoin to its balance sheet. Speaking at the crypto webinar panel of the Orrin G. Hatch Foundation,…