SEC Enforcement Director Gurbir Grewal wrote that federal prosecutors suing cryptocurrency startup Digital Licensing “fell short” of standards after a rebuke from a Utah court. The U.S. Securities and Exchange Commission (SEC) made misrepresentations during an enforcement action against DEBT Box, alleging that the blockchain company defrauded thousands of investors out of nearly $50 million. The committee’s attorney stated at the July 28, 2023 hearing that the information was inaccurate, something he was unaware of at the time. Commission lawyers failed to correct the statement when they learned of its inaccuracies. SEC filing The 27-page SEC filing is a response…
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Despite the strength of other cryptocurrencies such as Solana (SOL) and Cardano (ADA), the price of Ethereum (ETH) fell below $2,500. On December 22, Ram Ahluwalia, CEO of Lumida Wealth, offered a theory as to why the price of ETH is likely to recover and reverse its losses against I did. ETHE discount ends quickly To explain, the CEO pointed Here is a chart of ETHE that has consistently closed at a discount over the past few trading months. Ahluwalia observed a 4% rise on December 22, further reducing the discount. ETHE discount ends | Source: Ram Ahluwalia from X…
Posted 1 minute ago In ~ Ohio-based data center infrastructure provider Akron Energy has raised $110 million in private funding to expand its data center megawatt capacity, which will primarily power its Bitcoin mining operations, TechCrunch reports.Alternative investment manager Bluesky Capital Management led the round, with additional participation from Kestrel 0x1 and Nural Capital.According to TechCrunch, Akron Energy will use $80 million in funding to expand its data centers across Ohio, North Carolina, and Texas by an additional 200 MW, with the goal of increasing its overall megawatt capacity by 130% by June 2024. Akron Energy CEO Josh Payne added…
As one of the pioneering licensed operators in CS:GO skin gambling, CSGOPolygon (now rebranded as PLG.Bet) has over half a decade of experience in the virtual item betting space. Initially launched in 2016 as a premier destination for provably fair classics like CS:GO roulette and crash using skins, CSGOPolygon has since expanded into online slots, casino games, and sports betting while retaining its roots in the CS:GO community. In this review will be taking a close look at the casino and sports offerings as well as other things like usability, safty and customer service. Let’s go…. Visit PLG.BET Quick Verdict:…
join us telegram A channel to stay up to date on breaking news coverage Non-fungible tokens have regained their initial upward momentum and proven their utility as more than just digital collectibles. The recent resurgence is evidence of the evolving nature of NFTs and their increasing integration into a variety of digital platforms and utilities. Listed below are some of the best-selling NFT collections in the third week of December. Source: Coingecko.com, Top selling NFTs in the last 24 hours 1. Azuki NFT Collection Azuki, an NFT collection from digital asset incubation studio Chiru Labs featuring a limited set of…
reporter Posted on: December 23, 2023 Large MATIC transactions worth $100,000 and $1 million or more increased significantly in December. MATIC’s profit supply presented an opportunity for buyers. Polygon (MATIC) joined the wider pumping station in the altcoin market with a respectable gain of 7.77% in the last 24 hours of trading. At the time of publication, the cryptocurrency was trading at $0.8323 and has posted a double-digit gain of 10% over the month, AMBCrypto discovered using data from CoinMarketCap. Whales increase demand for MATIC The recent surge could be the handiwork of influential whale investors. AMBCrypto’s analysis of Santiment…
OCEAN Mining has released a full software update that allows miners to individually select from a different set of block templates to mine. Miners currently have three templates to choose from: The default OCEAN Knots template that filters out all inscription transactions and applies an additional OP_RETURN limit of up to 42 bytes to transactions that use OP_RETURN. Bitcoin Core patched with Ordisrespecor update filters out inscription transactions. It is a basic Bitcoin Core template that does not implement any additional transaction filters. This new option is a stepping stone towards our ultimate goal of enabling Stratum v2 so that…
opBNB Efficiently Handles Spikes in Infinite Activity, Demonstrating Network Resiliency – Chainwire housenewsroomopBNB efficiently handles spikes in activity, demonstrating network resilience. We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage or access is necessary for the legitimate purpose of storing preferences…
The Securities and Exchange Commission acknowledged making inaccurate statements in its lawsuit against cryptocurrency startup DEBT Box, but the regulator insisted the company’s assets should still be frozen.In November, Utah’s top federal judge criticize SEC attorneys asked that the company provide a basis for its request for an injunction to freeze DEBT Box assets over its handling of the case. Judge Robert J. Shelby ordered the SEC to account for “false or misleading” statements after the company alleged it was trying to move assets overseas to escape regulators’ jurisdiction.In its response to the court Thursday, the SEC acknowledged that it…
Gensler said the SEC is actively reviewing rules that could potentially harm the cryptocurrency industry. U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler recently expressed concern in an interview with CoinDesk, noting that fraud and bankruptcies are rampant in the cryptocurrency industry. The SEC chairman said he respects investors’ decisions to explore the cryptocurrency market but believes they are not receiving adequate disclosure about the projects they are investing in. Gary Gensler is deeply concerned about cryptocurrencies Gensler also questioned the authenticity of the value proposition of some digital assets classified as securities. “If you have a product or…