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Coinbase stock down 14% as US SEC cracks down on crypto staking (www.blockcast.cc)

Coinbase (NASDAQ: COIN) share price dropped by 14%, the most it has dropped by since July 2022 when the exchange faced a probe by the US SEC for its cryptocurrency listing. Yesterday’s plunge was after the Kraken exchange agreed to pay $30 million for issuing unregistered securities. The stock closed at $59.63 on Thursday down −9.81 […]

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SEC charges Sam Bankman-Fried with defrauding FTX investors (www.blockcast.cc)

The US Securities and Exchange Commission (SEC) has filed charges against disgraced former FTX CEO Sam Bankman-Fried, with the regulator revealing the charges a few hours after Bankman-Fried’s arrest in the Bahamas. The SEC’s complaint against the 30-year-old US citizen relates to his role in “orchestrating a scheme to defraud” FTX investors. The agency is […]

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SEC living in the past, says Laguna Lab CEO after attempt to quash Ethereum post Merge (www.blockcast.cc)

The Merge, which marked the official transition of the Ethereum blockchain from a proof-of-work blockchain to a proof-of-stake blockchain, has been hailed as a technological marvel within the crypto space. Most importantly, the upgrade was rolled out with such precision that there were no hiccups in the entire rollout. However, While a majority marvelled at […]

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SEC living in the past, says Laguna Lab CEO after attempt to quash Ethereum post Merge (www.blockcast.cc)

The Merge, which marked the official transition of the Ethereum blockchain from a proof-of-work blockchain to a proof-of-stake blockchain, has been hailed as a technological marvel within the crypto space. Most importantly, the upgrade was rolled out with such precision that there were no hiccups in the entire rollout. However, While a majority marvelled at […]

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SEC living in the past, says Laguna Lab CEO after attempt to quash Ethereum post Merge (www.blockcast.cc)

The Merge, which marked the official transition of the Ethereum blockchain from a proof-of-work blockchain to a proof-of-stake blockchain, has been hailed as a technological marvel within the crypto space. Most importantly, the upgrade was rolled out with such precision that there were no hiccups in the entire rollout. However, While a majority marvelled at […]

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Coinbase Institute Webinar: SEC Rulemaking Petition (www.blockcast.cc)

Join Coinbase live webinar with the Director of the Coinbase Institute’s Hermine Wong, as she and her fellow panelist answer questions from the crypto community. This webinar will focus on the advancement of policy debate around crypto and the future of web3. At Coinbase, our mission is to create an open financial system for the […]

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Coinbase stock: COIN dumps amid fresh SEC probe (www.blockcast.cc)

Coinbase (NASDAQ:COIN) stock has dumped more than 12% in intraday trading on Thursday, the company’s shares currently poised at $82.80. The downside has the stock losing around $11.30 since trading on Wall Street on Thursday. Thursday’s losses for COIN come after Coinbase posted more than $1 billion in losses for Q2, the loss reflecting a […]

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SEC charges 11 people over $300 million crypto Ponzi scheme (www.blockcast.cc)

The US Securities and Exchange Commission (SEC) has announced that it has filed charges against 11 individuals in connection with a fraudulent crypto project that raised over $300 million from investors across the world. A SEC press release published on Monday, 1 August noted that the eleven played a leading role in the creation and […]

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Crypto turmoil hasn’t impacted the wider financial system: SEC commissioner (www.blockcast.cc)

US Securities and Exchange Commission (SEC) Commissioner Hester Peirce says the crypto sector is “too small” as it is to impact the broader financial system. In an interview with Bloomberg Surveillance on Thursday, the crypto-friendly SEC official also explained that regulators cannot decide on a regulatory approach just “based on price.” However, recent events have […]

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SEC charges former Coinbase employee with insider trading (www.blockcast.cc)

The US Securities and Exchange Commission (SEC) has charged a former Coinbase employee with insider trading, according to a press statement published on Thursday. The securities regulator’s complaint is against Ishan Wahi, a former product manager at Coinbase, who allegedly perpetrated a scheme to benefit from confidential (insider) information about upcoming token listings on the […]

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