Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Cumberland
SEC Strikes Again: Cumberland DRW Charged For ‘Unregistered Crypto Operations’
The US Securities and Exchange Commission (SEC) has stepped up its regulatory scrutiny of the crypto industry by charging Cumberland DRW LLC with operating as an “unregistered dealer”, underscoring the agency’s relentless enforcement approach that has come under increasing criticism from stakeholders and advocates in the digital asset space. Accused Of Trading $2B In Crypto As ‘Unregistered Dealer’ In a statement released on Thursday, the SEC revealed that Chicago-based Cumberland DRW is accused of trading over $2 billion in crypto…
8 months ago
Genesis Bankruptcy Filing Contains Misleading and Incorrect Information: Cumberland
Cumberland – an institutionally focused crypto asset trading company – claims Genesis published misleading information about its unsecured claims against the lending giant in its bankruptcy filing on Thursday. Clearing the Air on Creditor's Claims “Genesis’ bankruptcy filing today reflects misleading and incorrect information, and as part of our commitment to transparency, we are providing more details,” said Cumberland over Twitter on Friday. The filing, which provided a list of 50 creditors with the largest unsecured claims, listed Cumberland as…
2 years ago