August 9th, 2025
SEC Crypto News - Page 79
Crypto Exchange Gemini to Lay Off 10% of Its Staff
By Darya Rudz
January 24th, 2023
Gemini conducted the first round of layoffs back in June 2022. At that time, the exchange cut 10% of its workforce from around 1,100 employees. A few weeks later, Gemini reduced its staff by another 7%, citing “turbulent market conditions.”
Elon Musk Defends His 2018 Tweets of Taking Tesla Private and Support from Saudi Investors
By Bhushan Akolkar
January 24th, 2023
During his testimony, Elon Musk said that he indeed had support from Saudi investors who later backpedaled from their commitment.
Crypto Lender Nexo Charged by SEC Over Unregistered Security Sales, Will Pay $45M in Fines
By Tolu Ajiboye
January 20th, 2023
In addition to paying fines, Nexo will reportedly cease its unregistered lending product to all US investors.
Ripple Boss Speaks about Prolonged SEC Battle at WEF
By Ibukun Ogundare
January 19th, 2023
The Ripple boss hinted some optimism, stating that there may finally be a resolution to its legal battle with the SEC.
Troubled Crypto Lender Genesis Likely to File for Bankruptcy This Week
By Bhushan Akolkar
January 19th, 2023
Sources familiar with the matter said that Genesis might file for Chapter 11 bankruptcy as negotiations with creditors aren’t succeeding so far.
Elon Musk Defends His Tweets in Court on Taking Tesla Private at $420
By Steve Muchoki
January 19th, 2023
Musk argued in his 2018 tweets that taking Tesla private could save a lot of headaches for the company’s management.
Deloitte Set to Audit USDC Issuer Circle
By Babafemi Adebajo
January 18th, 2023
Circle reassured the USDC holders and the general public that it remained committed to transparency.
Here’s How US SEC Released Personal Information of Crypto Miners during Investigation
By Bhushan Akolkar
January 18th, 2023
The SEC has reportedly violated its own privacy act while disclosing information of miners on the Green blockchain network.
Silvergate Crypto Bank’s Net Losses Jump to $1 Billion in Q4 2022
By Bhushan Akolkar
January 18th, 2023
Silvergate Bank noted that they have initiated action to maintain the cash liquidity including the selling of debt securities and wholesale funding.
SEC Charges Genesis and Gemini for Offering and Selling Unregistered Securities
By Ibukun Ogundare
January 13th, 2023
The SEC also revealed that Genesis and Gemini generated assets worth hundreds of dollars from hundreds of thousands of investors.
Bitcoin Price Clocks Above $19K for First Time Since FTX Fiasco Fueled by CPI Data
By Steve Muchoki
January 13th, 2023
Bitcoin whales significantly contributed to the recent rally above $19K.
Morgan Stanley Eyes Bitcoin Market via GBTC and Cash Settled Futures on Its European Fund
By Steve Muchoki
January 10th, 2023
Morgan Stanley warned that the value of GBTC may drop ‘precipitously’ to zero due to regulatory changes, a crisis of confidence, a flaw, or an operational issue in the Bitcoin network.
US CFTC Charges Mango Markets Exploiter Eisenberg with Manipulation and Deception
By Steve Muchoki
January 10th, 2023
The US CFTC believes Eisenberg manipulatively inflated the value of his swap contract holdings on Mango Markets to borrow a significant amount of digital assets that he had no intention to repay.
Voyager Digital Replies to Objections Over $1B Binance.US Deal
By Ibukun Ogundare
January 10th, 2023
The latest update on the transaction between Voyager Digital and Binance.US is that the latter has argued that all the objections to the deal lack factual or legal support.
US Authorities Investigating Financial Transactions between DCG and Genesis
By Godfrey Benjamin
January 9th, 2023
The crypto winter has exposed the frailty in the business models of many companies in Web3, and the implosion of the FTX Derivatives Exchange back in November further aggravated the financial inconsistencies in Genesis and DCG as a whole.