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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

Phemex: Trade simply and manage risks efficiently

The Phemex exchange was founded in 2019 by a group of experienced Wall Street executives who wanted to build a professional and transparent crypto trading platform with a customer-centric approach. Phemex empowers its users to access the right set of tools in order to manage risks associated with trading crypto. The Phemex Story The team chose the name Phemex in order to highlight their dedication to building a trustworthy trading platform. Pheme is the Greek god of fame which represents the public voice, while MEX stands for mercantile exchange. Together,

What is Star Atlas? (POLIS & ATLAS)

Star Atlas held its IEO in FTX last January 26. This full guide talks about the inner workings of the Star Atlas platform. In the past year alone, we have witnessed an immense rise in blockchain-based gaming projects. The unique combination of gaming and traditional financing has become quite appealing to a community of blockchain enthusiasts. The introduction of titles like Yield Guild Games and Binamon has truly legitimized the decentralized gaming sector. Star Atlas and other gaming projects alike have shown the importance of non-fungible tokens (NFTs) for a

MoonBoys Finance to Aurum: What does this change entail for AUR holders?

Last year’s DeFi boom gave rise to a spectrum of emerging trends in the crypto space. Among the most prominent ones is the deflationary token trend that comes with an opportunity for exponential rewards for its investors. Capitalizing on this trend emerged another prominent project called MoonBoys Finance. For all of you crypto nerds out there, MoonBoys Finance ($MBS) must be quite a familiar name. The project reached a market cap of over $80M at peak and garnered a record-breaking 11200+ holders in the first seven days.  While all these

Indian crypto investors may not be charged this tax

India may not be charging a 2% equalization levy on crypto investors. Finance Minister of India, Nirmala Sitharaman was responding to a query by the deputy chief minister of the eastern state of Bihar about data concerning crypto exchanges and their investors in the country. Sitharaman noted that the current administration did not collect any such information. Earlier reports stated that the tax department was analyzing whether the equalization tax will be applicable on the purchase of digital assets from overseas exchanges. This was because the country has expanded the

SEC Crypto Mom Greets Pro-Crypto Acting Chairman

SEC Commissioner Hester Price tweeted on Dec. 24 her congratulations to fellow commissioner Elad Roisman on his promotion. Congratulations, Chairman Roisman! I look forward to your leadership of the SEC.— Hester Peirce (@HesterPeirce) December 24, 2020 Securities and Exchange Commissioner (SEC) Roisman’s appointment is not official. The SEC and White House have not confirmed the fact. However, Commissioner Price, known to the crypto community as Crypto Mom, did tweet her greetings. Feat of Clayton at SEC The move comes a day after SEC Chairman Jay Clayton announced his immediate departure.