SEC fines Coinschedule $200K over sponsored, favorable ICO ratings
The SEC asserts that Coinschedule violated anti-touting provisions of U.S. securities laws. The U.S. Securities and Exchange Commission has settled charges against the defunct initial coin offering (ICO) review website Coinschedule.com for violating the anti-touting provisions of federal securities laws.But two SEC commissioners have penned an open letter in response saying the settlement highlights flaws with the commission’s processes.According to a July 14 release from the securities regulator, Coinschedule failed to disclose it was receiving compensation from digital asset issuers for....
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The Credora Network announced its collaboration with Morpho, an Ethereum-built decentralized lending protocol, to bring third-party risk ratings to the Decentralized Finance (DeFi) landscape. Related Reading: Taiwan Outlines Crypto Regulations: Seeks Public Feedback On ‘Virtual Asset Service Act’ Draft Credora Network’s Risk Ratings Arrive At Morpho On Thursday, the Credora Network launched Risk Ratings on […]
The crypto exchange and finance platform said it got high ratings for privacy and security using standards developed by a U.S. government agency.
What these credit ratings do is determine the cost at which governments and enterprises can issue debt. A lower rating will have an impact on the UK economy over the coming years. The Brexit has a lot of side effects that will affect the financial situation of both the EU and the UK. Moody’s one of the leading credit rating institutions in the world, lowered the UK’s sovereign credit rating. This “negative” outlook is not something most Britons were looking for, but they will have to face the consequences of their voting. Although not everyone pays much attention to credit ratings these....
A report published on May 2 by the rating agency Weiss Ratings warns that crypto-backed mortgages “spell risk.” Weiss editor Jon D. Markman said backing a mortgage with crypto is an “interesting strategy,” but stressed that during these market conditions “investors should be skeptical.” Weiss Ratings Editor Doesn’t Believe Crypto and Mortgages Mix According to the editor at Weiss Ratings, Jon D. Markman, lenders who allow people to use crypto to back a mortgage might be adding more risk to current market conditions. Markman uses the firm....
Standard & Poor’s (S&P) Global recently published a report detailing its view of blockchain technology. The credit rating agency also revealed how blockchain development could change its credit ratings of financial institutions. Blockchain Could Affect Credit Ratings. Known for its stock market indices such as the S&P 500, the company is one....