SEC Financial News

The president of the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN), Obinna Iwunna, has commented on the implementation of the Finance Act, 2023, which was signed into law on May 28. According to Iwunna, the successful execution of the law will be challenging due to its premature introduction.

BarnBridge DAO members have been told to pause “all work” related to the project after a reported probe by the United States Securities and Exchange Commission (SEC).

The United States Federal Bureau of Investigations (FBI) reportedly searched the home of Kraken co-founder Jesse Powell in March as part of an investigation into claims he hacked and cyber-stalked a nonprofit arts group.

The Securities and Exchange Commission is set to impose a slate of new rules on money-market mutual funds, setting up a potential clash with titans in the $5.5 trillion industry. 

With the tech-led rally in the stock market pushing theS&P 500 Index up nearly 17% from the start of the year, it would be easy to overlook the opportunities in fixed income, but investors are finding a host of options for safe and decent yields.

FTX, Three Arrows Capital (3AC), and the Securities and Exchange Commission (SEC) have united against BlockFi's bankruptcy plans, revealing a billion-dollar dispute that has brought them together.

Golteum (GLTM) is offering investors the opportunity to be well-positioned for the next bull run.  GLTM tokens have maintained stable and consistent growth since their introduction as the native token of the Golteum platform.  With remarkable use cases and applications, GLTM token value is set to grow and surpass previous outings in the market. >>BUY GLTM TOKENS NOW<<< Polygon (MATIC) had earlier built a reputation as the most successful L2 scaling solution built on Ethereum or any layer 1 blockchain, for that matter.  The network has undoubtedly played a major role in scaling Ethereum and providing a cheap and secure way to transact on the Layer-1 network.  However, there is no denying that Polygon has faced stiff competition recently, with more Layer-2 platforms coming into the picture.  Arbitrum (ARB), Optimism (OP), and Celer Network (CELR) are among the projects generating lots of buzz in the Layer-2 space.  As such, investors may be looking to invest in new web3 technologies considering the Layer-2 space is becoming saturated.  Despite its decent presale outings, Ripple is embroiled in a legal tussle with SEC.

Celsius Network, the bankrupt crypto lending firm, has made its first swap converting its altcoin holdings into Bitcoin (BTC) and Ether (ETH), a week after receiving a court order to liquidate its altcoin assets.

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Binance, the world's largest cryptocurrency exchange, and its U.S. affiliate have shrank this year, as they battle an onslaught of regulatory crackdowns. Last month, Binance was hit by a lawsuit by the U.S. Securities and Exchange Commission for allegedly breaching the regulator's rules, pushing its global market share to 52% from 60% at the start of the year, according to data firm Kaiko. Binance had begun to cede market share in March after its move to end zero-fees transactions for some trading pairs, said Dessislava Aubert, an analyst at Kaiko. «Binance's market share has gone to a variety of exchanges with Bybit and OKX faring best,» Aubert said.

Investigators from the Commodity Futures Trading Commission have reportedly determined that bankrupt crypto lender Celsius and its former CEO Alex Mashinsky broke a number of U.S. rules before the company's implosion.

United States-based cryptocurrency exchange Binance.US has reportedly seen its market share drop more than 20% amid a lawsuit from federal financial regulators.

The combined spot and derivatives trading volume on centralized exchanges (CEXs) climbed 14.2% in June to $2.71 trillion, according to CCData's monthly exchange report. Binance, Binance.US, and Coinbase all saw their market share decline in the past month.

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Finra penalized Hightower Securities, the broker-dealer arm of the eponymous aggregator of registered investment advisors, $353,200 at the end of last month as a result of alleged violations of industry rules in selling alternative investments, namely GPB Capital Holdings private placements and an alternative mutual fund, the LJM Preservation & Growth Fund.

The most recent filing involving cryptocurrency fund manager Valkyrie’s application for a spot Bitcoin exchange-traded fund (ETF) in the United States followed others by including a “surveillance-sharing agreement” with Coinbase.

Binance, the world's largest cryptocurrency exchange, and its US affiliate have shrank this year, as they battle an onslaught of regulatory crackdowns. Last month, Binance was hit by a lawsuit by the US Securities and Exchange Commission for allegedly breaching the regulator's rules, pushing its global market share to 52% from 60% at the start of the year, according to data firm Kaiko.

When the leaders of the American Revolution signed the Declaration of Independence on July 4, 1776, they had no guarantee of victory. The battle for independence was underway, and their prospects were uncertain. Despite occasional victories, these audacious freedom fighters were grossly outnumbered and had difficulty retaining volunteer soldiers. Their commitment to the cause of freedom was their only fighting chance.

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Bitcoin, the leading cryptocurrency, is currently trading at $30,869, experiencing a 1.10% decrease on Wednesday. 

BlackRock Inc that will reflect the price of bitcoin to add additional details, according to a filing made public on Monday. The refreshed filing, submitted to the U.S. Securities and Exchange Commission (SEC) on Thursday, said that Coinbase Global Inc will provide market surveillance in support of the proposed ETF from the world's largest asset manager. The move comes after the regulator reportedly had concerns over the initial filings by Nasdaq as being unclear and incomplete. It had flagged similar concerns to Cboe related to a filing from Fidelity. The digital asset space is looking to regain popularity after a bruising 2022 that saw several crypto ventures collapse, including the spectacular implosion of Sam Bankman-Fried's FTX.