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Main Cryptocurrency News of the Morning of October 1📌📌📌
A court has ordered Rivetz and its CEO, Steven Sprague, to pay compensation for the sale of unregistered securities amounting to $18 million during an ICO. This information came from a Massachusetts court ruling on a lawsuit filed by the U.S. Securities and Exchange Commission (SEC). A court has ordered Rivetz and its CEO, Steven Sprague, to pay compensation for the sale of unregistered securities amounting to $18 million during an ICO. This information came from a Massachusetts court ruling on a lawsuit filed by the U.S. Securities and Exchange Commission (SEC).
🗓 Rivetz is a blockchain hardware development company. In 2017, the company sold RvT tokens to more than 7,200 investors, a third of whom were in the U.S. Judge Mark Mastroianni concluded that, according to the Howey Test, the tokens represented illegal investment contracts. The SEC and Sprague must propose remedial measures by October 22.
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The Ethereum Foundation has sold The Ethereum Foundation has sold
ETH worth over $10 million in 2024, reports Lookonchain. The organization has faced criticism for large transfers and demands for greater transparency. worth over $10 million in 2024, reports Lookonchain. The organization has faced criticism for large transfers and demands for greater transparency.
🛍 According to Lookonchain, the Ethereum Foundation recently sold 100
ETH for $263,000, bringing the total amount of
ETH sales this year to 3,766
ETH ($10.46 million).
The community criticized the foundation for significant transactions, including the transfer of 35,000
ETH to the Kraken exchange in August. Ethereum co-founder Vitalik Buterin noted that the company spends about 15% of its remaining funds annually. The Ethereum Foundation is expected to publish a financial report soon, which will reveal the organization’s expenses.
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The cryptocurrency exchange Gemini will close all client accounts in Canada by the end of 2024. Users have been notified that they must withdraw their funds within 90 days. The cryptocurrency exchange Gemini will close all client accounts in Canada by the end of 2024. Users have been notified that they must withdraw their funds within 90 days.
✏️ Gemini, founded by the Winklevoss brothers, informed Canadian clients via email on September 30 that all accounts will be closed by December 31. The decision is related to new requirements for cryptocurrency platforms from the Canadian Securities Administrators (CSA). The regulator has required companies to sign a preliminary agreement to continue operating in the country. Earlier, Gemini attempted to legalize its position, but the company failed. As a result, the platform's team, following other major exchanges such as
Binance and
Bybit, announced its withdrawal from the Canadian market.
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