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Tag Archives: Securities

Ethereum(Eth) and Ripple(XRP) are ‘Noncompliant Securities,’ Says Fmr. CFTC Chairman

Join our community of 10 000 traders on Hacked.com for just $39 per month. The two most valuable altcoins are most likely “noncompliant securities” under US law, claims a former markets regulator. Gary Gensler, a former head of the Commodity Futures Trading Commission (CFTC), said that he believes Ether and XRP have been issued through unregistered securities offerings and are ...

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Former US Gov’t Regulator Considers ETH, XRP Likely ‘Noncompliant Securities’

Former Goldman Sachs partner and government regulator Gary Gensler believes that altcoins Ethereum (ETH) and Ripple (XRP) should likely be considered unregistered securities, The New York Times reported Sunday, April 22. After working at Goldman Sachs, Gensler served as one of the top financial regulators in President Obama’s administration, as well as as the finance chief for Hillary Clinton’s 2016 ...

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The Tokenization of Securities: How Could It Impact Market Behavior?

Financial assets are the lifeblood of the global economy – and through the markets, everything from currencies to commodities can move freely. The current methods used to perform trades have been in force for many years. Arguably, the last major development in the industry was electronic trading, and that was back in the 1980s. Some believe this old-fashioned approach to ...

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Third Co-Founder Of Centra Tech Charged With $25 Mln Securities Fraud

The third co-founder of crypto financial services startup Centra Tech Raymond Trapani has been arrested yesterday, April 20, and charged with securities and wire fraud of more than $25 mln associated with the company’s Initial Coin Offering (ICO), according to the US Department of Justice’s (DOJ) press release April 20. The two other co-founders, Sohrab Sharma and Robert Farkas, were ...

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Blockchain Securities Platform Gets $28 Mln In Funding From Big Name VC Investors

Several high-profile investors have confirmed investing in a funding round that raised $28 mln for Harbor, a Blockchain company looking to remove legal barriers to securities trading, in press release today, April 17. Harbor, which already secured a $10 mln Series A round in February, has this time received fresh cash from moguls including Silicon Valley’s Andreessen Horowitz and Blockchain ...

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Texas State Securities Board Has Uncovered 32 Illegal Crypto Offerings Since December – The Merkle

Texas has always been an interesting state, even though it tends to do its own thing. Even so, the Lone Star State is keeping a very close eye on cryptocurrency offerings and the risk of fraud associated with this particular business model. Unfortunately, it seems there are a lot of ongoing investigations in this regard, which further confirms that not every project should ...

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Texas State Securities Board Releases “Crypto Report,” 32 Companies Under Scrutiny

In a sign of the times, crypto-related scams have surpassed those involving oil, gas, and real estate in recent months as the most popular means by which fraudsters are attempting to take money from Texas investors, according to a cryptocurrency report authored by Joe Rotunda and his agency the Texas State Securities Board (TSSB). Companies mentioned in the report include ...

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Philippines’ SEC Demands Crypto Cloud Mining Contracts To Be Registered As Securities

The Philippines Securities and Exchange Commission (SEC) issued an advisory on Cryptocurrency Cloud Mining Contracts that applies the Howey Test to classify these contracts as securities, the SEC outlined April 10. Cloud Mining contracts fall within the purview of securities law because they are “investment contracts,” whereby investors stake the mining capacity of a remote datacenter through the contract, which ...

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