SEC Financial News

In addition, for about a year, the siblings, through a multi-level marketing business called Ormeus Global, offered and sold subscription packages that included Ormeus Coin and an investment in a crypto trading programme.#To attract investors, John Barksdale held roadshows around the world while he and his sister led the production of social media posts, YouTube videos, press releases, and other promotional materials. The complaint alleges that at the events, in the produced materials, and currently on Ormeus Coin’s website, the defendants falsely claimed that Ormeus Coin was supported by one of the largest crypto mining operations in the world, even though they abandoned their mining operations in 2019 after generating less than $3 million in revenue.

Bitcoin loves flirting with the mainstream. But now, as the U.S. president says he wants to get serious, it may be getting cold crypto feet. When Joe Biden ordered officials to prepare reports on the role of cryptocurrencies in future finance last Wednesday, bitcoin leapt as much as 9% and ether 8%, as many crypto fans hailed a potential milestone in mainstream acceptance. «The real importance of it is that the president of the United States is talking about crypto,» said Jack McDonald, CEO of Standard Custody, a firm handling digital asset custody solutions for institutional investors.

Southern New York District Court Judge Analisa Torres issued two rulings Friday on motions filed in the Security and Exchange Commission (SEC) lawsuit against Ripple Labs.

The price of XRP, the cryptoasset affiliated with the American fintech firm Ripple, pumped strongly on Friday, before falling back down over the weekend. The moves came after a federal judge had rejected the US Securities and Exchange Commission (SEC)'s move to strike Ripple’s “fair notice” defense in the case.

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If TRON DAO – née TRON – wasn’t enough of a conversation starter, an investigative piece by journalist Chris Harland-Dunaway published in The Verge dropped a bomb. It accused Tron founder Justin Sun of actions ranging from getting ICO ban tip-offs to insider trading.

As the lawsuit between SEC and Ripple drags on, XRP seems to be benefitting from it.

The San Francisco-based payments company has long argued that the SEC didn’t give adequate notice of considering XRP to be a security. In fact, Brad Garlinghouse, CEO at Ripple hadreiterated the same in a 19 February tweet. Nonetheless, sensing a possible victory, defendant had clamped down on the SEC with different significant strikes.

The ever-lasting feud between the San Fransico-based fintech firm, Ripple Labs and theSEC might be coming to an end soon. Well, in this context, the former SEC Commissioner had a lot of interesting observations.

The United States Securities and Exchange Commission, or SEC, has disapproved spot Bitcoin exchange-traded fund applications from the New York Digital Investment Group and fund manager Global X after deferring on a decision several times in the last year.

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The never-ending Ripple-SEC lawsuit might just have a potential deadline. In a filing related to its pending class action, dated 23 February 2022, Ripple reportedly agreed to a new date of 18 November 2022. On the contrary, the date, as written on the report, was 26 August 2022. Alas, that’s not all.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

Crypto.com is reportedly giving users from countries restricted from its loan program until March 15 to repay their crypto loans. 

Tesla chief executive Elon Musk asked a federal judge on 8 March to scrap a settlement he reached with securities regulators in 2018 that required some of his tweets be preapproved, a condition that has fomented an ongoing conflict with the government over whether he and Tesla have followed the rule.

A pair of siblings is now in very hot water with the U.S. government with criminal charges filed against them for allegedly committing fraud in the Ormeus Coin scheme. 

In addition, for about a year, the siblings, through a multi-level marketing business called Ormeus Global, offered and sold subscription packages that included Ormeus Coin and an investment in a crypto trading programme.#To attract investors, John Barksdale held roadshows around the world while he and his sister led the production of social media posts, YouTube videos, press releases, and other promotional materials. The complaint alleges that at the events, in the produced materials, and currently on Ormeus Coin’s website, the defendants falsely claimed that Ormeus Coin was supported by one of the largest crypto mining operations in the world, even though they abandoned their mining operations in 2019 after generating less than $3 million in revenue.

VanEck, an investment firm with almost $82 billion in assets under management, has submitted an application to the United States Securities and Exchange Commission (SEC) for the launch of a new exchange-traded fund that invests in gold mining and Bitcoin (BTC) mining companies.

Is it possible for you to have crypto in your portfolio without actually owning the asset? Do you feel the process of crypto is complicated? Exchange-traded funds (ETFs) that invest in Bitcoin or a basket of virtual assets, including several cryptocurrencies, might be a solution to navigate the crypto Wild West. Are these investment products available to Indians? What are the dos and don’ts? Aseem Gujar & Partha Sinha explore… When the US SEC allowed the first crypto-based ETF to be listed in October 2021, Bitcoin’s price had rallied to its record high of $67,000. Though the ETF didn’t invest directly in Bitcoin and instead bought its futures contracts, it was still a key event in crypto’s history as it signalled regulatory and institutional acceptance in the world’s largest financial market. Crypto futures are derivatives of virtual currencies similar to products on stocks, commodities, and other fiat currencies that are traded on exchanges globally. In recent months, several types of ETFs linked to crypto have debuted globally — some invest in virtual assets directly, some stick to futures, while others focus on stocks of companies that are in blockchain & other crypto-related areas. The first US ETF had created market history as it attracted $1 billion within days of its debut. But ETFs don’t just bring higher inflows, they also allow for a wider investor pool. Institutions and individuals are drawn to crypto ETFs as they are regulated investment vehicles. Presented ByDid you Know?You can earn in

A war rages on Europe’s eastern rim, having already left thousands of people dead and injured and millions more displaced. Digital assets have become so woven into the global financial system that a major political and economic crisis like the one unfolding right now has crypto inevitably involved on all levels: individual, institutional and national. From Russian nationals turning their burning passports into nonfungible tokens (NFTs) to refugees using crypto as a last financial resort, millions of dollars worth of crypto donations flowing to Ukraine, and both digital asset platforms and the United States government weighing crypto sanctions against Russia, cryptocurrencies play a significant role in the events surrounding the ongoing calamity. It is also evident at this point that the crisis, in turn, will massively affect crypto itself, accelerating its adoption and regulation globally.

The SEC vs Ripple lawsuit has consumed a full calendar year and naturally, many holding XRP – one of the biggest yet most controversial crypto assets on the market today – are worried that the court case might take up all of 2022 as well.