SFC Warns Public Against Fraudulent “ICE Global Professional Station” Platform Impersonating Intercontinental Exchange

by Theresa Joy Lacatan | Aug 26, 2024 | Blog News, Crypto News

On 21 August 2024, the Securities and Futures Commission (SFC) issued warning to the public regarding a fraudulent digital platform known as “ICE Global Professional Station,” which has been linked to various virtual asset-related scams and illicit...

Tether Announces Launch of Dirham-Pegged Stablecoin

by Theresa Joy Lacatan | Aug 22, 2024 | Blog News, Crypto News

On 20 August 2024, Tether, the world’s largest issuer of stablecoins, announced the launch of a new stablecoin pegged to the UAE Dirham (AED). This development marks a strategic collaboration between Tether and UAE-based companies, Phoenix Group and Green Acorn...

SEC Updates Definition of Qualifying Venture Capital Funds with Inflation Adjustment

by Theresa Joy Lacatan | Aug 22, 2024 | Blog News, Crypto News

On 21 August, 2024, the Securities and Exchange Commission (SEC) adopted a rule change affecting the venture capital industry by adjusting the dollar threshold required for a fund to qualify as a “qualifying venture capital fund” under the Investment...

SEC Approves Updated PCAOB Audit Standards: Addresses Auditor Responsibilities, Contributory Liability Rule and Technology Use

by Theresa Joy Lacatan | Aug 22, 2024 | Blog News, Crypto News

On 20 August, 2024, the Securities and Exchange Commission (SEC) announced the approval of updates to the Public Company Accounting Oversight Board (PCAOB) audit standards, which will take effect for audits of financial statements beginning from 15 December, 2024....

SEC Issues 2025 Fee Adjustment Order: Impact Looms for Traditional and Crypto Securities Alike

by Theresa Joy Lacatan | Aug 22, 2024 | Blog News, Crypto News

On 20 August, 2024, the U.S. Securities and Exchange Commission (SEC) issued a crucial order adjusting the registration fee rates for fiscal year 2025, set to take effect on 1 October, 2024. This adjustment, detailed in the “Order Making Fiscal Year 2025 Annual...

CFTC Orders Houston-Based Firm and Managing Member to Pay Over $520,000 for Forex Fraud Violations

by Theresa Joy Lacatan | Aug 22, 2024 | Blog News, Crypto News

On 20 August, 2024, in a decisive move against financial fraud, the Commodity Futures Trading Commission (CFTC) announced that it has issued an order against Get Money Tradez LLC (GMT) and its managing member, Jeffrey Carmon, Jr., based in Houston, Texas, requiring...