SEC
Jump Crypto Booked $1.28B in Profits as Terra's Ecosystem Crumbled: Sources
When U.S. regulators sued Do Kwon and Terraform Labs this week for the spectacular implosion of their UST stablecoin and related LUNA token, a huge question was left unanswered: who was the trading partner that booked $1.28 billion in profits as Terra’s $40 billion ecosystem crumbled? According to CoinDesk sources, it was Jump Crypto, a company whose parent has deep roots in conventional finance that’s become a giant in digital assets. “The Hash” panel discusses the latest developments after the SEC released a 55-page document detailing various charges of fraud against Do Kwon and Terraform Labs.
Bitcoin Ordinals Can Lift the Entire Crypto Ecosystem
The arrival of the Ordinals Protocol, which allows for the creation of Bitcoin NFTs, has coincided with a big jump in the price of Bitcoin. Add that to the SEC's exemption of Bitcoin from the label of security, and we see a bullish bitcoin picture emerging.
Los ordinales de Bitcoin pueden mejorar todo el ecosistema Cripto
La llegada del Protocolo Ordinals, que permite la creación de NFT de Bitcoin , ha coincidido con un gran salto en el precio de Bitcoin. Si a esto le sumamos la exención de Bitcoin de la etiqueta de seguridad por parte de la SEC, vemos surgir una imagen alcista de Bitcoin .
Coinbase Investors Prepare for Another Likely Disappointing Quarter
The crypto exchange is expected to report a slight drop in quarterly revenue from the third quarter, and a 61% drop in revenue in 2022 from the previous year.
El endurecimiento de las regulaciones por parte de la SEC no es una amenaza existencial para cripto
Algunos miembros del sector han expresado preocupaciones sobre el hecho de que las criptomonedas están siendo activamente eliminadas del sistema bancario con un ataque a las stablecoins y las normas de custodia, dijo el informe.
Jump Crypto Is Unnamed Firm That Made $1.28B From Do Kwon’s Doomed Terra Ecosystem: Sources
A complaint by the SEC against Do Kwon and Terraform Labs revealed an unnamed trading firm helped Kwon restore UST’s $1 peg in 2021 in exchange for discounted LUNA tokens.
SEC Sues Former NBA Star Paul Pierce Over EthereumMax Promos
The Hall of Famer will pay $1.4 million in penalties and disgorgement to settle charges that he did not disclose payments to promote the token.
Former CFTC Chairman Massad: SEC 'Absolutely Right' on Suing Terraform Labs, Do Kwon
The U.S. Securities and Exchange Commission (SEC) sued Terraform Labs, the company behind the failed TerraUSD stablecoin, and its co-founder, Do Kwon. Former CFTC Chairman Timothy Massad reacts to the allegations, adding that the industry often complains about lack of regulatory clarity, but "you just need to have good lawyers that read the law."
Coinbase Chief Policy Officer on Staking Services Outlook
SEC Chair Gary Gensler is warning other platforms to "take note" of crypto exchange Kraken's move to halt its staking service in the U.S. and cough up a $30 million fine. This comes as Coinbase CEO Brian Armstrong tweeted that his exchange's staking services are not securities and "we will happily defend this in court if needed." Coinbase Chief Policy Officer Faryar Shirzad joins the conversation.
Binance Considers Severing US Ties in Face of Crypto Crackdown: Bloomberg
The crypto exchange has been investigated by a host of U.S. regulators and government agencies.
