US SEC Hires In-House Attorney As New Chief Of Cyber Unit

The United States Securities and Exchange Commission (SEC) has hired Kristina Littman as Chief of the Division of Enforcement’s Cyber Unit, a specialized unit that aims to protect investors and markets from cyber-related misconduct. 

Littman’s credentials

On Dec. 2, the SEC announced the new hire. The press release elaborated that Littman started at the SEC’s Division of Enforcement in 2010 as a staff attorney. Since then, she has held several senior attorney positions in the Market Abuse Unit and the Trial Unit.

Since August 2017, she has served as the lead advisor to SEC Chairman Jay C

Pro-Crypto Silvergate Bank Goes Public in Listing on NYSE

Shares of pro-crypto Silvergate Bank were launched for trading on the New York Stock Exchange (NYSE) on Nov. 7.

Silvergate celebrates IPO day

Silvergate Capital (NYSE:SI), a California-based commercial bank focused on digital currency businesses, is now officially listed on the NYSE, opening at $12.75, the NYSE tweeted Nov. 7.

In conjunction with the event, Silvergate is

The SEC Files as the CFTC Settles Charges Against Swiss Securities Dealer

The United States Securities and Exchange Commission (SEC) has filed charges against XBT Corp. SARL on the same day that the Commodity Futures Trading Commission (CFTC) settles charges against the same company. 

SEC allegations

In a press release on Oct. 31, the SEC alleged that the Switzerland-based securities dealer, XBT Corp. SARL, operating under the name First Global Credit, offered and sold unregistered security-based swaps to U.S. investors without comp

Paxos Launches Settlement Platform for Equity Securities After SEC Relief

Paxos Trust Company announced today that it is set to introduce its Paxos Settlement Service for a number of United States-listed equity securities.

In an Oct. 28 press release, digital asset trust company Paxos stated that it is moving forward with the launch of its blockchain-based settlement platform, having received no-action relief from the U.S. Securities and Exchange Commission (SEC).

The SEC <a href="https://c212.net/c/link/?t=0&l=en&o=2624483-1&h=2116848118&u=https%3A%2F%2Fwww.sec.gov%2Fdivisions%2Fmarketreg

Pomp’s Morgan Creek Raises $61M For Blockchain Fund, Targets $250M

Anthony Pompliano’s Morgan Creek Capital Management firm established a blockchain fund to explore opportunities using distributed ledgers.

On Oct. 18, the cryptocurrency asset management firm Morgan Creek submitted a filling for its second blockchain fund to the United States Securities and Exchange Commission (SEC) and has so far raised nearly $61 million from 11 investors.

The filing — a Form D, that requests an exemption for the offering — shows that the fund started its first offering on Oct. 16 and i

Kik Messaging App Now Has New Owner, Will Continue Work on Kin Token

MediaLab, a Santa Monica-based holding company, has finalized an agreement with Kik Interactive to acquire the Kik messaging platform.

MediaLab sees the long-term potential of Kik and Kin token

On Oct. 18, in a blog post to the millions of members of the Kik community, MediaLab announced that it has acquired the Kik messaging app and explained how the acquisition will impact the app’s future.

MediaLab said that the company is committed to Kik for the long term and believes that “Kik’s best days remain ahead of it.”

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Diversified Crypto Fund Receives FINRA Regulatory Approval

Diversified Crypto Fund Receives FINRA Regulatory Approval

Grayscale Investments has received regulatory approval to publicly quote shares of its diversified crypto fund. The product, which is the firm’s only diversified offering, invests in five main cryptocurrencies. In addition, the firm offers nine single-asset investment funds, some of which are also quoted publicly.

Also read: 7 Crypto Exchange-Traded Products Now Live on Swiss Bourse

Fund Gains FINRA Approval

Digital currency asset manager Grayscale Investments announced Monday that shares of its diversified crypto fund have been approved for public quotation by the U.S. Financial Industry Regulatory Authority (F

TZero-Backed Startup Wants to Launch Security Token Market

Boston Security Token Exchange (BSTX), a platform jointly owned by BOX Digital Markets and Overstock’s blockchain arm tZERO, has filed an application with the United States Securities and Exchange Commission (SEC) to approve the launch of a market for publicly traded registered security tokens.

In the rule change proposal released by the SEC on Oct. 11, BOX asks the commission to “adopt rules to govern the trading of equity securities on the Exchange” which “would operate a fully automated, price/time priority execution system for the trading of ‘security tokens.’”

Establishing its own listing standards

The fi

How Severe Is Roche Freedman’s Lawsuit Against Tether and Bitfinex?

At the start of October, New York-based legal firm Roche Freedman filed a new class-action lawsuit against stablecoin firm Tether and digital currency exchange Bitfinex. The case accuses the aforementioned entities of manipulating the market by using a host of sophisticated schemes that involved fraud, pump-and-dump schemes, as well as certain money laundering-related ploys. As a result of this legal drama, the USDT/BTC trade pair has witnessed a substantial decline in its market value (around 10% as of press time).

USDT/BTC price over the last seven days

Coinmarketcap

US CFTC Chairman Says Ether Is a Commodity, ETH Futures Coming Next

The chairman of the United States Commodity Futures Trading Commission (CFTC) believes Ether (ETH) is a commodity — and that ETH futures trading is becoming a reality.

Heath Tarbert, who overtook J. Christopher Giancarlo in July, revealed his stance toward cryptocurrencies and forked coins at the All Markets Summit on Oct. 10, Yahoo Finance <a href="https://finance.yahoo.com/news/cftc-says-cryptocurrency-ether-is-a-commodity-and-is-open-to-ether-derivatives-133455545

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