The US SEC takes action against Digital Licensing Inc. and DEBT Box, freezing assets and filing a restraining order.
The United States Securities and Exchange Commission (SEC) has cracked down on Utah-based cryptocurrency company Digital Licensing Inc. The SEC has obtained a temporary freeze on the company’s assets and has issued a restraining order.
The indictment focuses on DEBT Box, the entity under which the company operates, as well as its four top managers and 13 other defendants. They are all linked to an alleged $50 million cryptocurrency fraud scheme.
According to the SEC, the company has been involved in the sale of unregistered securities under the name of “node licenses” since March 2021. DEBT Box presents itself on its website as a decentralized ecological Blockchain platform that merges cryptocurrencies and assets. The company offers what it calls “software mining licenses”, which supposedly must be activated in advance in order to start mining.
US SEC Awash with 11 ETH Futures ETF Requests in One Week
The US Securities and Exchange Commission (SEC) is in the midst of a deluge of applications for ETH futures-based exchange-traded funds (ETFs) in recent weeks. In total, 11 applications have been filed in less than a week, reflecting growing investor interest in the second-biggest cryptocurrency on the market.
The most recent request comes from ProShares, filed on August 3. The application proposes an ETF that tracks the performance of Bitcoin and ETH futures contracts in equal parts.
Additionally, fund manager ProShares has submitted three other separate applications for Ether-based ETFs. These include a Bitcoin and Ether Futures Dual ETF, an ETH Short ETF, and an Ether Only ETF.
President Biden Inadvertently Becomes a Bitcoin Ambassador with His Quirky Coffee Mug in Campaign Video
US President Joe Biden has inadvertently become an unexpected Bitcoin brand ambassador through a new video ad for his re-election campaign. On August 3, Biden posted a tweet that read, “A cup of Joe has never tasted better,” accompanied by a video of him drinking coffee from a mug.
The Bitcoin and cryptocurrency community quickly took notice of the coffee mug’s peculiar design, which featured Biden’s face with glowing red “laser eyes.” This is a very popular add-on for Bitcoin enthusiasts to customize their profile photos.
As a consequence, Biden’s post has received numerous responses from the crypto community, who are delighted and amused by the obvious oversight. Because of this, some users commented that Biden is now a Bitcoin maximalist, while others suggested that he was trying to win over Bitcoin maximalists.
HashKey Leads Hong Kong Crypto Revolution by Offering Retail Trading with New Licenses
HashKey, a leader in Hong Kong’s cryptocurrency market, expands its reach by becoming the first exchange to offer retail trading in the city. The Hong Kong Securities and Futures Commission has granted HashKey a license upgrade, allowing the platform to cater to both retail users and professional investors.
This new update comes shortly after HashKey obtained its inaugural license last November. Which made it one of only two licensed cryptocurrency exchanges in Hong Kong, along with its competitor OSL
In the latest announcement, HashKey revealed that it has received two licenses from the regulator. The first license, Type 1, authorizes the platform to operate as a virtual asset trading platform in accordance with Hong Kong securities laws.
By Audy Castaneda
