SEC Freezes Assets Of Miami-Based Crypto Hedge Fund In $100 Million Crypto Fraud Case
The U.S. securities watchdog has just filed an emergency action against Miami-based investment adviser BKCoin in connection with an alleged $100 million fraud scheme.
Five of the Nine SEC-Registered Crypto Firms Are Now Gone, Documents Show
On March 1, the U.S. Securities and Exchange Commission (SEC) staff published a list of cryptocurrency companies that got registered with the regulator.
XRP Bulls Target Return to $0.38 on Ripple v. SEC Court Rulings
XRP is holding its support around $0.37; experts suggest XRP price is preparing for an up move after the SEC-Ripple case resolves. XRP price is slightly up in the last 24 hours after forming a green indecisive Doji on Monday.
XRP Lawsuit: Ripple Gains Upper Hand In New Court Ruling
U.S. District Judge, Analisa Torres on Monday announced her decision on the motion to preclude expert testimony by both parties (Ripple and U.S. Securities and Exchange Commission). The court order stated that the parties’ motion, keeping Summary Judgement and trial in consideration, is granted in part and denied in part.
Cointime News Wrapup-Afternoon Version: Binance Once Planned to Evade US Scrutiny, New Texts and Documents Confirm
Afternoon version
SEC Files Emergency Action Against Bkcoin in $100 Million Crypto Fraud Scheme
The U.S. Securities and Exchange Commission (SEC) has filed an emergency action against Miami-based investment adviser Bkcoin and one of its principals, Kevin Kang. “The defendants disregarded the structure of the funds, commingled investor assets, and used more than $3.6 million to make Ponzi-like payments to fund investors,” the SEC alleged. (Bitcoin.com)
Eyes Shift to Judges as Grayscale-SEC Saga Moves Forward
After trading written legal briefs in recent months, Grayscale Investments and the SEC are now set to exchange oral arguments for the first time in a case to determine whether or not the regulator wrongly denied the firm’s proposed spot bitcoin ETF. Grayscale, a prominent crypto investment firm, sued the SEC last June after the agency did not allow the firm to convert its flagship Bitcoin Trust (GBTC) to an ETF. GBTC launched in 2013 and holds $14 billion in assets. The trust has traded at a discount of more than 40% in recent weeks. Grayscale’s preferred solution is converting the trust to an ETF — the firm says doing so would alleviate GBTC’s discount by introducing liquidity. (Blockworks)
SEC Files Emergency Action Against BKCoin for Orchestrating $100 Million Crypto Fraud Scheme
From 2018 to 2022, BKCoin raised $100 million from at least 55 investors to invest in crypto assets.
Voyager Token Rises 11% Following Firm Counter of SEC Claim That VGX Is a Security
Voyager’s native token VGX rose 11.51% in the last 24 hours to as high as $0.42299, according to CryptoSlate’s data.
SEC Accuses Utah-Based Green United of Running $18M Crypto Mining Scam
According to the SEC’s complaint, Green United and two individuals – the company’s founder, 46-year-old Utah resident Wright Thurston, and its main promoter, 43-year-old Utah resident Kristoffer Krohn – offered investments in $3,000 “Green Boxes,” specialized crypto mining machines that purported to mine GREEN tokens on the Green Blockchain.
