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Coinbase Argues Its Staking Services Are Not Securities, Criticizes SEC Regulatory Approach
13.2.2023
Coinbase, one of the biggest cryptocurrency exchanges in the U.S., has stated that the staking services offered on its platform do not constitute securities. The statements, made in the wake of the $30 million settlement that Kraken, another U.S.-based crypto exchange, completed with the U.S....
Nexo shutters US Earn product a month after settling with regulators
13.2.2023
The shutdown of Nexo’s earn product follows from a multi-million dollar settlement the firm paid last month with U.S. regulators
What Does Kraken's SEC Settlement Mean for Crypto Staking?
10.2.2023
Kraken had a pretty lousy day, but the industry is more interested in what this means for staking
Kraken CEO Calls on Congress to Protect US Crypto Industry Following Settlement With SEC Over Staking Program
10.2.2023
The CEO of crypto exchange Kraken, Jesse Powell, has called on Congress to pass a law to protect the U.S. crypto industry after the Securities and Exchange Commission (SEC) took action against his trading platform over its crypto staking service. Kraken’s CEO Responds to SEC Action Kraken...
Coinbase’s Staking Service Faces Questions After Kraken’s SEC Settlement
10.2.2023
Though Coinbase’s (COIN) current revenue from staking is relatively small, there is potential for speedy growth if the U.S. Securities and Exchange Commission (SEC) doesn’t crack down on the service altogether
SEC Did Not Consult Industry Before Kraken Crypto Staking Charges: Commissioner Peirce
10.2.2023
The U.S. Securities and Exchange Commission did not attempt to consult with the crypto industry before this launching this week’s unregistered securities crackdown on staking-as-a-service, Commissioner Hester Peirce said Friday
First Mover Americas: Kraken's SEC Settlement Sends Crypto Markets Tumbling
10.2.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 10, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
‘Agent of an anti-crypto agenda’ — Gensler slammed over Kraken crackdown
10.2.2023
SEC's recent charges against crypto exchange Kraken over its staking program have sent tremors through the crypto industry
First Mover Asia: Kraken Crypto Staking Settlement Bedevils Markets as Bitcoin Lingers Below $21.9K
10.2.2023
ALSO: CoinDesk analyst Glenn Williams considers the significance of "whales" sending bitcoin back to exchanges, while smaller investors remove it. Bitcoin falls below $21.9K
‘Kraken Down’ — SEC commissioner rebukes own agency over recent action
10.2.2023
"Today, the SEC shut down Kraken’s staking program and counted it as a win for investors. I disagree and therefore dissent," said commissioner Hester Pierce
Kraken reaches $30M settlement with SEC over staking
9.2.2023
“Kraken not only offered investors outsized returns untethered to any economic realities, but also retained the right to pay them no returns at all,” said Gurbir Grewal
Kraken to Shut US Crypto-Staking Service, Pay $30M Fine in SEC Settlement
9.2.2023
The U.S. Securities and Exchange Commission sued Kraken in federal court Thursday, alleging its crypto staking as a service program violated federal securities laws
Crypto Exchange Kraken Facing SEC Probe, Settlement Could Come Soon: Bloomberg
8.2.2023
The SEC is in the late stages of an investigation of the company's possible sale of unregistered securities, according to the story
Yuga Labs Reaches Settlement in Bored Ape NFTs Trademark Lawsuit
6.2.2023
Yuga Labs, the parent company of the Bored Ape Yacht Club NFT project, has reached a settlement with Thomas Lehman, who built websites and smart contracts for Ryder Ripp’s copycat project “RR/BAYC.” Ripps’ project is a series of 10,000 NFTs that share the same names, features and traits as...
Activision Did Nothing Wrong, Will Pay $35 Million Settlement
3.2.2023
Activision Blizzard will pay the Securities Exchange Commission $35 million to settle charges that it violated workplace misconduct reporting rules and whistleblower protections. The Call of Duty publisher admits no wrongdoing in the case, which comes less than two years after a bombshell lawsuit...
Chinese blockchain firm launches the 'SWIFT' of stablecoins and CBDCs at Davos
23.1.2023
A SWIFT-style system for bank-issued and regulated digital currencies was launched by a firm with a tenure building China’s national blockchain project
Crypto Firm Nexo Pays Out $45 Million in Settlement with SEC, Shutters Lending Product
20.1.2023
Crypto lending company Nexo has agreed to pay a total of $45 million to US regulators to settle claims that it failed to register the sale of its Earn Interest Product (EIP).
According to two separate statements by the US Securities and Exchange Commission and the North American Securities...
Nexo confirms to pay a total of $45M in settlement to U.S. regulators
20.1.2023
On 19th Jan, the security regulators of the U.S. North American Securities Administrators Association and Securities and Exchange Commission (SEC), announced that Nexo capital had to pay almost $45 million in penalties. The regulators claim that Nexo has failed to register its EIP. As a result...
Nexo agrees to $45M settlement with SEC and NASAA over earn product
19.1.2023
The crypto lender didn't categorically admit or deny the findings from the SEC's investigation despite agreeing to the settlement
Crypto Lender Nexo to Pay $45M, Cease Offering EIP in Settlement With SEC
19.1.2023
Nexo began offering its Earn Interest Product to U.S. customers in June 2020