Key Points: JPMorgan Chase was penalized by the Securities and Exchange Commission for accidentally deleting 47 million emails. The majority of the business records that the bank is required by SEC regulations to keep for at least three years are contained in the emails. Additionally, JPMorgan did not deny or admit any wrongdoing, pointing out…
Read more
Key Points: Paul Grewal, Chief Legal Officer of Coinbase, claims that the Third Circuit has indicated that it will continue to have jurisdiction over the company’s appeal of the SEC’s inactivity. In 120 days, the next report will be due. Coinbase has previously proposed that the court should compel the SEC to respond to its…
Read more
Key Points: The number of crypto market liquidations in the last 24 hours has surpassed $300 million. This is the impact the SEC has, in that tokens recorded by the SEC as protections in its claim against significant trades dove over 20% in the beyond 24 hours. The tokens listed as securities by the Securities…
Read more
Central issues: Trade stage Coinbase has sent off a wallet as a help (WaaS) on the Ethereum mainnet. Key management and transaction coordination for multi-party computing (MPC) will be provided by the service, as well as primary backup, export, and recovery functions. Notwithstanding the fight in court with the SEC, Coinbase actually is by all…
Read more
As the SEC ordered Paxos to stop issuing Binance USD, the cryptocurrency market is down today as Bitcoin and other cryptocurrencies correct on the news. The cryptocurrency market is down today as market turbulence rises ahead of the release of the Consumer Price Index (CPI) data, which monitors inflation, on February 14. The CPI…
Read more
