Category Archives: Securities

Sam Bankman-Fried’s Sentencing: Key Considerations

FTX customers may recover their lost funds and the judge’s consideration of SBF’s potential neurodivergence. Prosecutors claim SBF defrauded customers of over $8 billion, while his defense argues for a reduced sentence, highlighting efforts to repay victims and SBF’s neurodivergent characteristics. The judge must navigate these complex issues, including the debate over whether to focus […]

XRP Used as Solution by Blockchain Financial Service to Convert Funds During USDC Depeg

This query is about using XRP by blockchain financial service Reaper Financial to convert funds during the USDC depeg. Several news sources such as TradingView, u.today, Flipboard, Twitter, Reddit, LinkedIn, and NewsNow have reported on this. Step-by-Step Process The following is a step-by-step process of what happened regarding the use of XRP by Reaper Financial […]

World’s largest cryptocurrency exchange suspending U.S. dollar deposits

Binance, one of the world‘s largest cryptocurrency exchanges, will be suspending U.S. dollar deposits this week. The exchange made the announcement on February 6th, citing “regulatory uncertainty“ as the reason for the move. Binance has been actively preparing for the change, and will no longer accept deposits of U.S. dollars on February 8th. Customers who […]

The SEC is conducting an investigation into brokers.

The SEC is conducting an investigation into brokers who are offering crypto investments to their clients. The investigation is focused on whether the brokers are providing adequate disclosure about the risks associated with investing in cryptocurrency. The SEC is also looking into whether the brokers are properly registered to offer such investments. The investigation is […]

This Week in Coins: Bitcoin Avoids Heavy Losses as FTX Contagion Spreads

This week saw continued FTX fallout week as many crypto companies confessed the extent of their exposure to the collapsed empire. In week two of the FTX disaster story, crypto investors can expect things to get worse before they get better. However, the two market leaders, Bitcoin and Ethereum, no longer appear to be in […]

NAVIGATING THE NEW AML COMPLIANCE LANDSCAPE – PDF DOWNLOAD

Financial crime remains at record highs as the pandemic continues to accelerate digitization and create new opportunities for fraudulent activities. As a result, AML institutions and other AML regulated entities worldwide. Scaling up staff to deal with evolving AML challenges is problematic. So how can organizations do more with less while complying with tightening regulations? […]

Halting the SEC’s Regulatory Attack On Crypto

Last week, a House Financial Services Subcommittee held an oversight hearing focused on the Securities and Exchange Commission’s (SEC) enforcement division. Despite the norm that ongoing enforcement cases are not discussed at these hearings, Subcommittee Chairman Representative Brad Sherman (D-CA) took it upon himself to put his thumb on the scale of the most significant […]

SEC lists nine crypto tokens as securities following Coinbase insider trading charges

The Securities and Exchange Commission (SEC) has listed nine cryptocurrencies that it says are securities. This was contained within a complaint arresting and charging a former Coinbase employee and two others with wire fraud. The assets were: AMP, RLY, DDX, XYO, RGT, LCX, POWR, DFX, KROM. They were each mentioned in connection with alleged insider […]

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