NEW YORK July 25– Wrap up The global cryptocurrency(Crypto) and Blockchain industries are facing an onslaught of legal challenges, with over 100 active lawsuits filed against various entities as of the latest research. Allegations of fraud, securities violations, and market manipulation are at the forefront of these legal battles. To date, a conservative count has […]
SAN FRANCISCO, Monday, April 29, 2024 – Cybersecurity firm Rubrik Inc., a cloud and data security startup backed by Microsoft Corp., has surpassed its initial public offering (IPO) target, raising $736 million. The company’s shares priced at $32 each, exceeding the marketed range of $28 to $31. This pricing values Rubrik at a healthy $5.6 […]
Baltimore, Maryland, Tuesday, February 7, 2024- The U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) on Monday, January 29 unveiled charges against the individuals behind HyperFund, a cryptocurrency scheme accused of scamming investors out of a staggering $1.9 billion. “A federal grand jury has returned an indictment charging Sam Lee, age […]
WASHINGTON, Tuesday, April 30, 2024 – The U.S. Securities and Exchange Commission (SEC) is seeking public comment on changes made to BlackRock’s proposed spot Ethereum exchange-traded fund (ETF). “Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act,” SEC said […]
London, Tuesday, April 19, 2024 – The Securities and Exchange Commission (SEC), the US agency responsible for fortifying the regulations of markets and investors, was sanctioned on March 25 by a US district court due to the “bad faith” in the lawsuit against Debt Box, according to the resource. The motion filed by the SEC […]
WASHINGTON, Monday, April 29, 2024 – The Securities and Exchange Commission (SEC) has announced it would begin consultations on potential rule changes governing exchange-traded options linked to Bitcoin in a filing on April 24. The move signifies a potential step forward for the regulation of cryptocurrency derivatives in the United States. Bitcoin, the world’s leading […]
SAN FRANCISCO, Monday, May 6, 2024 – The legal battle between the US Securities and Exchange Commission (SEC) and Ripple Labs Inc. has intensified after the SEC filed an opposition brief countering Ripple’s attempt to remove key evidence from the case. Ripple had filed a Motion to Strike, requesting the court disregard testimony from SEC […]