State Kentucky Financial News

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."

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.

12.03 / 00:47

COST UPS Provident Digital SVB Etsy warns sellers of delay in processing payments due to Silicon Valley Bank collapse

Etsy is warning sellers that the collapse of Silicon Valley Bank on Friday is causing delays in processing payments, according to an email from the company shared with NBC News.

20.01 / 17:17

SEC lending Nexo settlement Crypto Firm Nexo Pays Out $45 Million in Settlement with SEC, Shutters Lending Product

Crypto lending company Nexo has agreed to pay a total of $45 million to US regulators to settle claims that it failed to register the sale of its Earn Interest Product (EIP).

28.12 / 23:37

business Binance Binance's Cloud Mining affected by extreme weather conditions in North America

The severe winter storm in North America shut down Binance's cloud mining products between Dec. 24-26, according to an official announcement on Dec. 28. As a result of the power outage, the company announced that users' subscriptions to cloud mining products were extended for three days.

21.12 / 12:27

Bankruptcy Crypto Mining Firm Core Scientific To File For Chapter 11 Bankruptcy: Report

Bitcoin miners have been under severe pressure as their profitability dropped.(File)

06.12 / 14:17

regulation SEC Securities Crypto Lender Nexo to Leave the USA After Discussions with Regulators Hit a Stalemate

Major crypto lender Nexo will be leaving the United States over the next few months, as the company was unable to reach an agreement with the country's regulators.

06.12 / 05:49

business Government Blockchain Bitcoin Kentucky to scrutinize contracts offering cheaper electricity to miners

The Kentucky Public Service Commission (PSC) has reportedly opened a formal investigation into two proposed contracts that would offer discounted electricity prices to new crypto-mining operations.

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.

06.10 / 13:11

Digital Platform Luna "Insolvency, Bankruptcy is Nowhere in Nexo's reality": Co-Founders

Speculations about crypto lender Nexo heading towards bankruptcy were squashed by the company's top-ranking members.

05.10 / 20:37

Digital Platform Action This is what Nexo executives said about solvency concerns

After days of speculation over Nexo’s financial health and solvency, the crypto lender’s executives took to YouTube to answer questions from the community during an Ask Me Anything (AMA) session.

05.10 / 07:03

business lending YouTube Bankruptcy NOT Insolvency not in 'Nexo's reality,' says co-founder during AMA

Bankruptcy or insolvency is not in “Nexo’s reality” according to the crypto lending platform’s co-founder and managing partner, Kalin Metodiev.

01.10 / 15:37

defi DAI Bitcoin Nexo-labeled address withdraws $153M in Wrapped BTC from MakerDAO

Just a few days after market analysts predicted a 50% drop in NEXO price due to regulatory pressure and investor concerns, a crypto wallet address labeled as NEXO 0x8fd withdrew 7,758.8 Wrapped Bitcoin (WBTC) — roughly worth $153M — from MakerDAO.

30.09 / 19:53

markets Altcoin lending Drop regulatory NEXO risks 50% drop due to regulatory pressure and investor concerns

Crypto lending firm Nexo (NEXO) risks losing half of its valuation by the end of 2022 as doubts about its potential insolvency grow in the market.

29.09 / 09:07

business SEC security lending Nexo ‘surprised’ by state regulators' actions, says co-founder

Kalin Metodiev, the co-founder and managing partner of crypto lender Nexo stated his firm was “surprised” by the way in which eight state regulators publicly took action against it for securities violations.

28.09 / 05:09

SEC CEO Platform Action Crypto-lender Nexo faces charges from eight U.S states

Switzerland-based crypto-lender Nexo is facing simultaneous enforcement action from eight different U.S states over varying allegations. Actions include cease and desist orders, administrative measures etc.

27.09 / 20:45

Ford Tesla Moderna Stocks making the biggest moves midday: Hertz, Ford, Keurig Dr Pepper and more

In this article

27.09 / 16:25

ETH Digital Racing Utility Why is Utility Important for NFTs and Why Silks is Raising the Bar

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

27.09 / 15:01

regulation Platform Action Nexo Crypto Lender NEXO Faces Cease-and-Desist Order From California

All-in-one cryptocurrency platform Nexo has received a cease-and-desist order in the U.S. state of California.

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