State Alabama Financial News
07.06 / 03:29
Binance
Aware
SEC
Platform
Action
coinbase
House Agriculture
Coinbase Was Dismissed by the US SEC After Months of Figuring Out How To Register, Chief Legal Officer Says
Coinbase was dismissed by the US Securities and Exchange Commission with no response after months of discussing how to register with the agency, the crypto exchange’s chief legal officer told lawmakers on Tuesday.
06.06 / 19:00
UPS
Binance
SEC
Platform
Action
coinbase
SEC Sues Coinbase for Operating an Unregistered Exchange, States Follow Up With Own Action
It's not been a good day for Coinbase (COIN) so far: The crypto exchange is being sued by the U.S. Securities and Exchange Commission (SEC), ten state regulators have the company in their sights, and Coinbase stock has dropped almost 14% in early trading.
06.06 / 18:11
business
Blockchain
coinbase
sec lawsuit
Coinbase stock
Coinbase stock plunges 20% on SEC lawsuit
The stock of cryptocurrency exchange Coinbaseplunged more than 20% at the open on June 6. At the time of publication, shares have pared some losses and are currently trading at $50.14, compared to an intra-day low of $46.43. The company's market capitalization currently stands at $13.7 billion.
06.06 / 16:22
Blockchain
Law
coinbase
sec lawsuit
Breaking: Coinbase targeted by state security regulators concurrent to SEC lawsuit
According to a statement published by the Alabama Securities Commission on June 6, a multi-state task force comprising of state regulators from Alabama, California, Illinois, Kentucky, Maryland, New Jersey, South Caroline, Vermont, Washington, and Wisconsin have issued a Show Cause Order against cryptocurrency exchange Coinbase. The order alleges that "Coinbase violates the securities law by offering its staking rewards program accounts to Alabama residents without a registration to offer or sell these securities."
24.05 / 07:17
Blockchain
CBDC
Adoption
regulation
Research
CBDCs on the horizon: The current state of CBDC initiatives around the world
Central bank digital currencies (CBDCs) have long been a topic of contested discussion, having often been met with a predominantly negative response in the crypto community. However, despite the skepticism, CBDCs undeniably serve as a significant use case for blockchain technology.
04.05 / 18:13
Target
Citizens
Platform
Action
Strategy
ICO
elon
AI tokens
State Regulators Target Fraudulent Cryptos Posing as 'Elon Musk AI Tokens' and 'TruthGPT Coin' – Here's What Happened
The influx of new crypto projects in the market, seeking to leverage the growing interest in artificial intelligence, has attracted US regulators.
06.04 / 19:39
Law
Robinhood
regulation
Trading
settlement
US state regulators announce $10M settlement with Robinhood ‘for failing investors’
The California Department of Financial Protection and Innovation said that the company behind cryptocurrency and stock trading platform Robinhood will likely pay more than $10 million in penalties “for operational and technical failures that harmed main street investors.”
05.04 / 12:29
05.04 / 03:35
business
regulation
Trading
Scams
Multiple US state regulators allege AI trading dApp is a Ponzi scheme
Securities regulators from Montana, Texas, and Alabama have jointly filed enforcement actions against cryptocurrency trading platform YieldTrust.ai alleging it is “perpetrating a Ponzi scheme.”
26.03 / 17:11
Africa
Crypto Exchange
From Dorm Room to $1.75 Billion: 26-Year-Old's Crypto Exchange Takes Africa by Storm
Cryptocurrency exchange Yellow Card has grown to be the largest centralized exchange in Africa since its launch in 2019, with $1.75 billion in transactions facilitated so far.
16.02 / 01:27
regulation
Congress
Retirement
lawmakers
US lawmakers
US lawmakers reintroduce bill to remove roadblocks for crypto investments in retirement accounts
Alabama Senator Tommy Tuberville has reintroduced legislation aiming to allow United States 401(k) retirement plans to include exposure to cryptocurrencies.
29.11 / 02:21
markets
Binance
Bitcoin
Bitcoin Price
Bitcoin’s bottom might be below $15.5K, but data shows some traders turning bullish
Bitcoin (BTC) bears have been in control since Nov. 11, subduing BTC price below $17,000 on every 12-hour candle. On Nov. 28, a drop to $16,000 shattered bulls' hope that the 7% gains between Nov. 21 and Nov. 24 were enough to mark a cycle low at $15,500.
26.11 / 00:19
business
defi
SEC
Bankruptcy
American regulators to investigate Genesis and other crypto firms
Cryptocurrency lending firm Genesis Global Capital and other crypto firms are under investigation by securities regulators in the United States, according to reports on Nov. 25.
27.10 / 19:29
LUNC
Terra Luna
Terra Luna Classic Price Prediction – Is LUNC a Good Investment Now?
Terra’s Luna Classic (LUNC) has recently seen a price increase that took it from the lowest point this month, at $0.0002282 to $0.0002513. While a fairly low increase, it is still notable, as it suggests that the project might be recovering, especially after recent news involving a 4-year plan to bring back value to the token.
21.10 / 06:47
regulation
Gambling
casino
Metaverse casino served emergency cease and desist to halt NFT sales
A metaverse casino has been hit with simultaneous cease and desist orders from four state enforcement bodies across the United States, who have deemed the firm’s nonfungible tokens (NFTs) to be unregistered securities.
16.08 / 19:03
Investments
economy
Gold
Bitcoin
Worried about inflation's impact on your retirement savings? Invest in cryptocurrency
Around the world, personal financial stress is peaking. A recent study in America found that more than three in four people feel anxious about their financial situation. This is seeding anti-risk mentalities and prompting fears around the safety of long-term savings, including retirement funds.
02.08 / 23:07
business
Mining
Crypto miner Digihost plans to move rigs from New York to Alabama
Digihost, a United States-based cryptocurrency mining company, has announced plans to move part of its fleet from New York to Alabama in an effort to lower energy costs.
14.07 / 03:05
business
regulation
Bankruptcy
BREAKING: Celsius reportedly filing for bankruptcy 'imminently'
Crypto lending platform Celsius has reportedly filed for Chapter 11 bankruptcy, having notified individual U.S. state regulators on Wednesday, July 13.
13.07 / 13:29
BLOCK
Digital
Platform
WSJ
Bitcoin
Financial
Celsius is "Deeply Insolvent", Says Vermont's Financial Regulator
Celsius Network is «deeply insolvent», Vermont's Department of Financial Regulation (DFR) said on Tuesday, adding that the cryptocurrency lender is also not honouring its obligations to customers and creditors as it does not have the assets and liquidity to do so.
13.07 / 12:51
regulation
security
Interest rates
Vermont becomes the sixth US state to launch investigation against Celsius
Vermont's Department of Financial Regulation (DFR) issued a warning against troubled crypto lending firm Celsius on Tuesday, reminding users that the crypto lending firm is not licensed to offer its services in the state.
13.07 / 11:17
cryptocurrency
crypto news
Crypto Lender Celsius Is "Deeply Insolvent": US State Regulator
US state regulator says it believes crypto lender Celsius is "deeply insolvent"
breaking news about state Alabama
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