Abramoff-linked crypto firm says SEC has no case against it
Participants of a $5.6 million token sale did not expect a return on investment, the NAC Foundation argued. The NAC Foundation has accused the United States Securities and Exchange Commission of misconduct in an ongoing case. According to court documents Oct. 20, Rowland Marcus Andrade and his company NAC Foundation asked a San Francisco federal judge to dismiss the SEC’s June lawsuit alleging that he and his associate Jack Abramoff defrauded investors in a $5.6 million token offering.Andrade argued that the SEC “purposefully attempted to mislead the court” by accusing him of offering a....
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Payments giant Mastercard is launching crypto-linked payment cards for the Asia-Pacific region in partnership with three crypto service providers. “For the first time, consumers and businesses in the Asia Pacific region will be able to apply for crypto-linked Mastercard credit, debit, or prepaid cards,” Mastercard said.
First Crypto-Linked Mastercards in Asia-Pacific Region
Mastercard announced Monday that it has partnered with three crypto service providers across the Asia-Pacific region “to launch the region’s first crypto-linked payment....
Selachii, UK's Leading Bitcoin Law Firm. Selachii LLP became the first law firm in the UK to accept payment in Bitcoin for its services in 2013. According to information contained on its website, Selachii LLP chose to get in "at the start" and has used Bitcoin to grow what it describes as an impressive business. High Profile Bitcoin Cases. Selachii LLP has handled several major cases involving Bitcoin. One of the most well-known ones involve the Japanese Bitcoin exchange Mt. Gox, where the firm is acting on behalf of the claimants. In addition to the Mt. Gox case, the firm also has some....
Crypto payment firm Alchemy Pay is planning to roll out a crypto-linked virtual card that is accepted on the Visa and Mastercard payments networks. Hybrid crypto-fiat platform Alchemy Pay announced Monday that the company will be launching virtual crypto-linked cards accepting more than 40 cryptocurrencies like Bitcoin (BTC).The new cards can be linked to Google Pay and PayPal digital wallets, and make payments across the Mastercard and Visa networks, as well as popular e-commerce platforms like Amazon and eBay.According to the announcement, Alchemy Pay has already completed the product’s....
The parent company of the famous beauty brand Il Makiage and Spoiled Child, Oddity, unveils its digital security token on the Ethereum blockchain. The company has named it Oddity Token. It is the first-ever non-crypto firm that linked cryptocurrency as a way for investors to purchase equity ownership of the firm. This move aims to […]
South Korean securities exchange operator is now expanding its overseeing capacity by monitoring all crypto-related stock activities after volatile movements seen in the last few weeks on listed companies tied to the industry. KRX’s Market Oversights Committee to Supervise Crypto-Linked Stocks in South Korea According to Yonhap, Korea Exchange (KRX), through its KRX’s Market Oversights Committee, announced that they would start to scrutinize both crypto-linked stocks and bio-related ones, such as healthcare and vaccine companies, in the wake of 56 warnings issued to some firms....