News with the tag "STT"

One mid-cap layer-1 altcoin recently saw a boost in whale activity, according to the crypto analytics firm Santiment. Santiment tracks the number of altcoin transactions worth more than $100,000, which it considers “whale transactions.” The firm subsequently identifies which altcoins clock the bigge...

Major U.S. banks are making a push into cryptocurrency services as they take advantage of relaxed regulations in order to offer custody services fo...

Blockchain analytics firm LookOnChain revealed significant Ethereum (ETH) sell-offs by large holders. Over the past 24 hours, three wallets, likely controlled by the same whale, offloaded 10,070 ETH for $33 million in DAI. The transaction occurred at $3,280 per ETH, resulting in a $1 million loss. A...

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Federal securities regulators have reached an agreement with TrueUSD (TUSD) issuer TrueCoin and lending protocol operator TrustToken to settle charges for the alleged and fraudulent sale of unregistered investment contracts. The US Securities and Exchange Commission (SEC) accuses TrueCoin and TrustT...

Curve Finance is evaluating a proposal to reduce its reliance on the stablecoin TUSD following the resolution of U.S. Securities and Exchange Commission (SEC) charges against Trusttoken Inc. and Truecoin LLC, the companies behind the dollar-pegged token. TUSD Faces Removal From Curve Finance Pegkeep...

The regulator alleged TUSD was 99% backed by a risky offshore fund, raising concerns about using TUSD to back Curve's stablecoin.

The U.S. Securities and Exchange Commission (SEC) announced settled charges against crypto companies Trusttoken Inc. and Truecoin LLC. The charges allege fraudulent misrepresentations and unregistered sales of investment contracts related to the stablecoin trueusd (TUSD). U.S. Securities Regulator C...

The securities regulator claims the token is undercollateralized and its backing funds are in a risky overseas investment.

TrustToken and TrueCoin – now rebranded and under the umbrella of Archbock Inc. – settled accusations that they knowingly misrepresented the backing of the TrueUSD {{TUSD}} stablecoin and offered securities tied to it without properly registering, the U.S. Securities and Exchange Commission said in ...