Day: October 1, 2024

SEC Charges Rivetz with Unregistered Securities Offering

In September 2021, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Rivetz Corp., its subsidiary Rivetz International SEZC, and founder Steven Sprague. The SEC alleged that Rivetz conducted an unregistered securities offering by raising $18 million through an initial coin offering (ICO) of its RvT token in 2017. Allegations of Securities Law […]

Gemini Exits Canada Amid Stricter Crypto Regulations

Crypto exchange Gemini has announced its departure from the Canadian market, joining other major platforms like Binance and OKX in exiting the country. The decision comes in response to new stringent regulations imposed by the Canadian Securities Administrators (CSA) earlier this year. Regulatory Changes Prompt Departure In February 2023, the CSA introduced a series of […]

Bitcoin Mining Firm Sues Over Enforcement of Noise Laws

Bitcoin mining company NewRays is taking legal action against a judge and prosecutor. Claiming they were targeted by selectively enforced noise legislation. The lawsuit, filed on September 26, accuses Judge Allen Dodson and prosecuting attorney Phil Murphy, among others, of specifically and unfairly using noise ordinances to single out the crypto mining firm. Background of […]

Metaplanet Boosts Bitcoin Holdings with $6.6 Million Purchase

Metaplanet, a Japanese investment firm, has expanded its Bitcoin portfolio by acquiring an additional 107.913 BTC for 1 billion yen, approximately $6.6 million USD. The purchase was made at an average price of 9,266,724 yen (around $61,932 USD) per Bitcoin, as announced in a press release on Tuesday. With this latest acquisition, Metaplanet’s total Bitcoin […]

Ohio Proposes Accepting Crypto Taxes

Ohio is taking a bold step into the future of finance. On Monday, State Senator Niraj Antani proposed legislation to make Ohio one of the few states that accept cryptocurrency payments for state and local taxes. This move aims to normalize crypto usage in Ohio’s financial arena, signaling a significant shift toward digital assets. Reviving […]

Robinhood Expands Crypto Services Across Europe

Robinhood’s crypto unit has unveiled a significant update for its European users. Enabling deposits and withdrawals for over 20 digital assets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and USD Coin (USDC). This move comes in response to heightened demand from its European customer base. And marks a strategic push to expand its footprint across […]