Us Securities And Exchange Commission news and trends

Gemini, DCG Face Lawsuit Alleging $1.1 Billion Fraud
Cryptocurrency // October 19, 2023

Crypto exchange Gemini and venture capital firm Digital Currency Group (DCG) are facing a lawsuit filed by New York Attorney General Letitia James, alleging the companies defrauded customers of $1.1 billion. The lawsuit, filed Thursday (Oct. 19), accuses Gemini and DCG’s Genesis Global Capital unit of not disclosing the risks...

Mastercard to Terminate Co-Branded Card Partnership With Binance
Cryptocurrency // August 24, 2023

Mastercard will terminate its partnership with cryptocurrency exchange Binance Holdings. This decision will impact all four of Mastercard’s co-branded card programs with Binance, which are in Argentina, Brazil, Colombia and Bahrain, starting on Sept. 22, Bloomberg reported Thursday (Aug. 24). Reached by PYMNTS, a Mastercard spokesperson confirmed the report...

Binance.US Partners With MoonPay to Convert Dollars to Tether
Cryptocurrency // August 22, 2023

To regain access to a steady flow of dollars, Binance.US, the American arm of the cryptocurrency exchange, has teamed up with MoonPay, a payment startup. Binance.US has faced numerous legal and financial challenges recently, with multiple banking partners cutting ties with the platform, leaving customers...

Report: Instacart to Make IPO Plans Public in Coming Week
IPO // August 18, 2023

Online grocery marketplace Instacart is reportedly gearing up for an initial public offering (IPO) as early as September. The firm is anticipated to make its IPO plans public by filing with the US Securities and Exchange Commission (SEC) in the coming week, Bloomberg reported Friday (Aug. 18), citing unnamed...

Quick Reads
Binance Discontinues Visa Debit Card Services in Europe

October 20, 2023
Binance, one of the world’s largest cryptocurrency exchanges, has announced that it will no longer offer its Binance card services in the European Economic Area (EEA). This decision means that holders of the Binance Visa debit card issued under the EEA program can no longer make card purchases after Dec. 20, according to a blog post Friday […]

Gemini, DCG Face Lawsuit Alleging $1.1 Billion Fraud

October 19, 2023
Crypto exchange Gemini and venture capital firm Digital Currency Group (DCG) are facing a lawsuit filed by New York Attorney General Letitia James, alleging the companies defrauded customers of $1.1 billion. The lawsuit, filed Thursday...

Mastercard to Terminate Co-Branded Card Partnership With Binance

August 24, 2023
Mastercard will terminate its partnership with cryptocurrency exchange Binance Holdings. This decision will impact all four of Mastercard’s co-branded card programs with Binance, which are in Argentina, Brazil, Colombia and Bahrain, starting...

Binance.US Partners With MoonPay to Convert Dollars to Tether

August 22, 2023
To regain access to a steady flow of dollars, Binance.US, the American arm of the cryptocurrency exchange, has teamed up with MoonPay, a payment startup. Binance.US has faced numerous legal...