BlockFi

Those ‘hiding behind anonymity of crypto transactions’ will be accountable, SEC warns

Individuals who hide behind the anonymity of cryptocurrency transactions to defraud investors should expect that the SEC will trace their illegal activity and hold them accountable for their actions The Securities and Exchange Commission (SEC) has charged a California-based promoter for alleged Bitcoin-related fraud, the regulator announced on 18 November, 2021. The promoter, Ryan Ginster has been held for, “…conducting two unregistered and fraudulent securities offerings that raised over $3.6 million in cryptocurrency from retail investors.” The complaint filed, charges the Promoter with violating: 👉 antifraud and registration provisions of

SPAC Blockchain Coinvestors Files $250M IPO

Special Purpose Acquisition Company Blockchain Coinvestors has filed for a $250 million IPO, according to an SEC filing.Sponsored Sponsored Blockchain Coinvestors Acquisition has filed for a $250 million IPO, according to a United States Securities and Exchange (SEC) filing. The preliminary prospectus notes that each share will be available at an offering price of $10. Blockchain Coinvestors Acquisition is a blank check company that is based in the Cayman Islands. The prospectus describes the company as “focused on identifying unique business concepts with high-performing organizations that have both aspirations to

The Altcoin Evolution – Part IV: The Challenges – The Sales Pitch

With the ever-changing landscape of tech development and crypto innovation, regulation tends to lag behind in order to have time to react to what’s happening. Many altcoin projects are currently growing exponentially as they are exploring largely untouched use cases. As the tech continues to proliferate and expand, more and more “problems” are arising that require solutions.  This obviously provides more space for viable contenders to occupy in a crowded market. This provides a robust growth argument for many altcoins, but there is a catch. The giant growth gains are

Huobi Wallet and Crypto Lender Cred Now Enable Users to Earn Interest

Major cryptocurrency exchange and wallet provider Huobi has partnered with decentralized crypto lending platform Cred to enable users to earn interest on their holdings.An announcement on April 1 revealed that Cred’s lending and borrowing services will be fully integrated into the Huobi Wallet, which supports over 1,000 crypto assets, including 8 stablecoins, for users across 200 countries and regions.The two firms did not provide a comprehensive list of supported crypto assets, but noted that Bitcoin (BTC), Ether (ETH) and stablecoins such as Universal Dollar (UPUSD) would be part of the