• SEC Denies Spot Bitcoin ETF Proposal, Citing Manipulation Concerns

    • The US Securities and Exchange Commission (SEC) has denied Ark Investment Management and exchange-traded note (ETN) issuer 21Shares’ proposal to list a spot Bitcoin (BTC) exchange-traded fund (ETF) for the second time. • The SEC concluded that the Cboe BZX Exchange on which the ETF would be listed has failed to demonstrate that its proposal is consistent with the requirements of Exchange Act Section 6(b)(5). • The SEC found that the exchange failed to establish that other means to prevent fraudulent and manipulative acts and practices will suffice to protect investors and the public interest. The US Securities and

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  • Invest in Calvaria Now: Presale Almost Over & Alpha Version of Game Coming Soon!

    • Calvaria’s native token, RIA, has raised more than $2.87 million in its presale, with only $200k left to raise before its presale ends. • The alpha version of the Calvaria: Duels of Eternity game is set to be released in the second quarter of 2023. • RIA will be listed on centralized exchanges soon, including BKex, LBank, and Kucoin. Calvaria has recently completed a successful presale for its native token, RIA, raising more than $2.87 million. This is a remarkable achievement and a sign that the project is healthy and growing. With just $200k left to raise before the

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  • SEC Charges Gemini and Genesis with Unregistered Crypto Securities Offering

    • The US Securities and Exchange Commission (SEC) has charged Gemini Trust Company, LLC and Genesis Global Capital, LLC with unregistered offering of securities. • The SEC’s complaint alleges that the Gemini Earn program constitutes an offer and sale of securities which should have been registered with the regulator. • The complaint seeks permanent injunctive relief, disgorgement of ill-gotten gains and prejudgment interest, as well as civil penalties. The US Securities and Exchange Commission (SEC) has recently brought charges against two major cryptocurrency players, Gemini Trust Company, LLC and Genesis Global Capital, LLC. The accusations revolve around the unregistered offering

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  • V Global Exchange CEO Sentenced to 25 Years in $2.3 Billion Crypto Fraud

    • The CEO of a bogus South Korean crypto exchange, V Global, has been sentenced to 25 years in prison for $2.3 billion fraud. • The exchange had promised customers 300% returns on their initial stakes, but turned out to be bogus. • Other senior executives of V Global have been sentenced to between four and 14 years in prison. The South Korean crypto space has been hit with a major scandal as the Supreme Court recently handed down a guilty verdict to the CEO of the V Global exchange. The exchange had promised customers 300% returns on their initial

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