The Securities and Exchange Commission isn’t about to give crypto lending firms a mulligan for what it says are securities law violations. That announcement, by the SEC’s new enforcement director Gurbir Grewal in an interview published by Reuters on Monday (Feb. 28), comes in the wake of a precedent-setting $100 million settlement agreement by cryptocurrency … Read more
A police constable and seven of his accomplices have been arrested in Maharashtra’s Pimpri Chinchwad for allegedly abducting a businessman to extort cryptocurrency worth Rs 300 crore.The trader, Tathawade-resident Vinay Sundarrao Naik, was kidnapped from Hotel Samadhan in Tathawade on January 14. His friend Rafiq Alauddin Syed told the Wakad police Naik was abducted by … Read more
Katie Haun of Andreessen Horowitz. Photo: Ian C. Bates/The New York Times/Redux In June, venture-capital powerhouse Andreessen Horowitz launched a $2.2 billion crypto fund, staking out an enormous position in a market known as much for its volatility as its innovative potential. For Andreessen Horowitz, the enormous investment is the product of the firm’s evolving … Read more