SEC | ForkLog - Part 70

ForkLog 8 29.08.2020

SEC uncovers $27m crypto pyramid targeting African immigrants

The U.S. Securities and Exchange Commission (SEC) has accused two companies and their executives of running a Ponzi scheme. Preliminary estimates put the pyramid's victims at about 1,200 investors who lost more than $27 million.

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ForkLog 9 07.08.2020

SEC Identifies Institutional Investors in Grayscale Investments’ Bitcoin Trust

Twenty-seven institutional investors acquired stakes in Grayscale Investments' Bitcoin Trust (GBTC). Details are contained in reports filed with the U.S. Securities and Exchange Commission (SEC), Forbes reports.

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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 8 07.08.2020

Crypto Mom Hester Peirce Named SEC Commissioner Through 2025

Hester Peirce will continue to serve as a special commissioner of the U.S. Securities and Exchange Commission (SEC). According to a statement by the head of the agency, Jay Clayton, her nomination was approved for a second term.

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ForkLog 11 06.08.2020

Grayscale files Form 10 with the SEC to register Ethereum Trust

The investment firm Grayscale Investments has filed a Form 10 registration statement with the U.S. Securities and Exchange Commission (SEC) for its Ethereum Trust.

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ForkLog 5 05.08.2020

SEC to expand monitoring of the cryptocurrency market in DeFi

US Securities and Exchange Commission (SEC) plans to analyse the properties of functioning smart contracts underpinning the decentralized finance (DeFi) space. The tender for the purchase of the relevant analytics tool is posted on the US government contracts portal.

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ForkLog 13 31.07.2020

SEC Eyes Binance Chain Transactions

The U.S. Securities and Exchange Commission (SEC) intends to track transactions on the Binance Chain blockchain using CipherTrace’s cybersecurity tools, according to the agency.

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Krzysztof Shpak 516 28.05.2020

TON Developers Pushed Final Code Updates, Now It’s Up to Community

Telegram Open Network developers have rolled out a few final updates to the source code and will no longer actively participate in the project. The announcements came on May 24th via TON’s test portal page.

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Krzysztof Shpak 853 08.05.2020

Identifying Gram: What Is Going on in Legal Battle Between Telegram and U.S. Financial Watchdog?

Russian-born entrepreneur and programmer Pavel Durov, who is most famous for the creation of the encrypted chat app Telegram, has been under scrutiny of the United States financial regulators since 2019. That year, the U.S. Securities and Exchange Commission (SEC) turned its attention to Telegram and its wholly-owned subsidiary, TON Issuer.

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Krzysztof Shpak 1423 07.05.2020

After Telegram’s Lost Battle with SEC, TON Launched Now Under Slightly Different Name

TON developers, major PoS validators, and community enthusiasts have announced the launch of Free TON powered by the native token TON Crystal in a declaration.

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Krzysztof Shpak 556 10.04.2020

SEC vs. 11 Crypto-Companies: More Lawsuits to Come

On April 3rd, 2020, class-action suits against four major crypto-exchanges and seven ICO projects were filed. The lawsuits allege that the defendants have violated U.S. securities laws.

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Krzysztof Shpak 3072 01.04.2020

SEC vs Telegram: A Battle That Could Be Avoided

In 2018, Telegram raised $1.7 billion through an ICO in exchange for the future delivery of 2.9 billion Gram tokens to 175 investors. While Grams could realistically be sold with a premium on the secondary market, Telegram argued that the agreement was in line with the definition of a private placement of securities that is […]

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Krzysztof Shpak 476 26.03.2020

A Blow on Telegram: Is Court Prohibition Loss to SEC for Pavel Durov’s Project?

March 24, the New York Southern District Court has preliminarily halted the transfer of Gram tokens to the primary investors of TON. Thus, the court ruled in favor of the U.S. SEC and recognized Gram non-registered security.

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