April 21st, 2025
SEC Crypto News - Page 116
Arca Labs Gets Approval from SEC to Operate Ethereum-Based Fund
By Godfrey Benjamin
July 7th, 2020
Arca Labs received approval from the Securities and Exchange Commission for its U.S. Treasury Fund, an Exchange Traded Fund initiative that will run with Ethereum-backed ArCoin.
Elon Musk Digs at Tesla Short Sellers Offering Limited Edition Short Shorts at $69.420
By Steve Muchoki
July 6th, 2020
Elon Musk decided to dig at TSLA short sellers who didn’t believe in the stock by offering Tesla short shorts that are available at the Tesla shop at $69.420. Notably, Musk is a fanatic of these digits as previously on his Twitter timeline he posted that he was born 69 days after 4/20.
Tesla (TSLA) Stock Rose 5.17% Yesterday, It Is 5,900% Up Since Debut Decade Ago
By Steve Muchoki
June 30th, 2020
Tesla stock closed yesterday at $1,009.35. 10 years ago, the price at the debut was $17. If we take this price, the growth is 5,900%, if we take the price at the end of the first trading day – $23.89, the growth is 4,200%.
SEC Charges Disgraced Lobbyist Jack Abramoff with Fraud for Promotion of 2018 ICO
By Teuta Franjkovic
June 26th, 2020
The SEC has filed civil charges against Abramoff and Andrade in addition to the criminal charges. Andrade hired Abramoff in 2017 to “work on a public relations and marketing campaign” for the cryptocurrency, called AML Bitcoin.
Telegram to Pay $18.5M Civil Penalty in SEC Settlement after TON Project Abandonment
By Bhushan Akolkar
June 26th, 2020
The SEC has submitted a new filing to the court which asks Telegram to pay back $1.2 billion disgorgements to investors. Besides, it also states that Telegram will have to inform the SEC if it plans to pursue any such project in the future.
Crowdfunding Platform Republic to Offer Profit Sharing Asset Republic Note in July
By Chuks Chukwuka
June 25th, 2020
The Republic Note which goes on sale next month has a funding cap of $8 million. The asset is expected to be issued on the Algorand blockchain.
Tesla (TSLA) Stock Down Less Than 1%, Elon Musk Postpones Annual Shareholder Meeting
By Christopher Hamman
June 20th, 2020
Tesla (TSLA) stock has difficulties in fixing its positions above $1,000. After hours it has gone below this milestone level again.
Bitcoin Miner Maker Ebang Selects Nasdaq for Its IPO, Plans to Raise More Than $100 Million
By Bhushan Akolkar
June 19th, 2020
The China-based Ebang International has submitted a revised prospectus for a U.S. IPO as it plans to raise over $100 million by listing its shares on the Nasdaq Global Market under the EBON ticker.
Hertz Puts Plan to Sell $500M in Shares on Hold Following SEC’s Concerns
By Darya Rudz
June 18th, 2020
Hertz’s plan to sell $500 million in shares was “promptly suspended pending further understanding of the nature and timing of the Staff’s [SEC’s] review”. Hertz (HTZ) stock is down in the pre-market.
XRP Isn’t a Security, Declares Former CFTC Chairman Who Is Now Working at Ripple
By Teuta Franjkovic
June 17th, 2020
Chris Giancarlo, who as a CFTC chairman decreed that both Bitcoin and Ether were not securities, has argued the same for XRP.
CryptoUnit Scam Hypothesis Denied
By Andy Watson
June 9th, 2020
“CryptoUnit-scam” hypothesis is not verified no matter how many times it appears in the searching engines. The main reasons why it’s false are explained here.
Elon Musk Calls Amazon Monopoly and Wants Its Breakup after His Book Was Unduly Censored
By Godfrey Benjamin
June 5th, 2020
Elon Musk believes it’s time to break up Amazon. In a series of tweets, he called the company a monopoly after it was revealed that his book about coronavirus doesn’t meet Amazon guidelines for sale.
‘Crypto Mom’ Hester Peirce to Remain SEC Commissioner on President Trump’s Nomination
By Muhaimin Olowoporoku
June 4th, 2020
Hester Peirce, a U.S. SEC commissioner, has been nominated for a second term. She became a popular crypto advocate after her public objection of SEC’s disapproval of the Bitcoin exchange-traded fund application.
GAP (GPS) Stock Gains Over 4% Today after JPMorgan Upgraded It
By Teuta Franjkovic
June 2nd, 2020
Gap (GPS) stock is in the green after JPMorgan upgraded it to neutral from underweight. The stock has managed to gain around 28% in May as the economy started to reopen step-by-step.
Ripple Securities Lawsuits Consolidated in California by Federal Court, XRP Price Down 1.6%
By Christopher Hamman
June 1st, 2020
It has become known that two securities lawsuits previously filed against Ripple Labs have been consolidated by the court in California.