The U.S. Securities and Exchange Commission (SEC) imposed cease-and-desist orders and fines upon three parties involved in UpToken on April 28. SEC names parties involved in UpToken ICO The SEC said that Up Global and Coinme — as well as Neil Bergquist, founder and CEO of both companies — were involved in a cryptocurrency securities…
Following the recent launch of the Aptos Blockchain, there has been a lot said of the nose dive performed by the native APTOS token. The token fell to a low of $6.75 from a high of $13.73, according to CoinGecko data. However, the founding engineer of Aptos, Josh Lind, also gave his thoughts on the…
American Celebrity Kim Kardashian has agreed to pay $1.26 million to the U.S. Securities and Exchange Commission (SEC) in settlement of claims that she promoted the sale of unregistered securities token EMAX. According to the SEC, Kardashian was paid $250,000 by EthereumMAX to promote the EMAX token to her Instagram followers (now over 330 million)….
The Securities and Exchange Commission (SEC) has moved to press charges against market making firm Hydrogen for allegedly manipulating the trading volume of its Hydro token to amass over $2 million from the illegal act. Hydrogen CEO Michael Kane and Moonwalker CEO Tyler Ostern were also named as accomplices to the crime. The accused reportedly…
The Securities and Exchange Commission (SEC) has filed a suit against Chicago Crypto Capital (CCC) for allegedly defrauding investors of $1.5 million by issuing unregistered BXY tokens during the 2018 ICO boom. The lawsuit filed on Sept. 14 also named Chicago Crypto Capital (CCC)‘s owner, Brian Amoah, and two salesmen — Oliver Young and Elbert…
The Japanese Government indicated a possibility of reducing the tax burdens on crypto startups with the 2023 tax reform to prevent startups from leaving the county to set up their businesses, Yomiuri Shimbun Online reported. Rakuten Group President Hiroshi Mikitani spoke at the Government’s Digital Society Initiative Conference in April and brutally self-criticized by saying:…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The LUNA revival plan has finally been realized as the first block of the new LUNA blockchain is underway. LUNA now exists in two forms, LUNA Classic (LUNC) and LUNA 2.0 (LUNA). The TerraUSD stablecoin has not been migrated over to…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The LUNA 2.0 airdrop was scheduled to be conducted on May 27. However, Terraform Labs have announced that it will now take place “on or around May 28, 2022, at 06:00:00 GMT,” with the mainnet being deployed on “May 28, 2022,…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Terraform Labs has released information regarding the LUNA 2.0 airdrop scheduled for May 27, 2022. The current LUNA token will be renamed LUNC, while the new LUNA 2.0 token will assume the ticker LUNA. Holders of LUNC (Luna Classic), USTC (UST…
South Korea’s Presidential Transition Committee is proposing a crypto framework designed to foster the growth of the digital asset industry. The Digital Asset Framework Act aims to create an environment that encourages responsible growth based on investor trust. It will implement investor protection measures and improve “transaction stability,” which refers to activities related to issuing…