SEC Slaps Former Coinbase Manager With Insider Trading Charges — Identifies 9 Crypto Tokens as Securities

The U.S. Securities and Exchange Commission (SEC) has announced insider trading charges against a former Coinbase manager, who has been arrested and is also facing criminal charges. The regulator has identified nine crypto tokens as securities in the complaint. U.S. Attorney Damian Williams says it is “the first-ever insider trading case involving cryptocurrency markets.

Timeline of Amp, Derivadao, Definitex, Kromatika, Lcx, Power-ledger, Rari-governance-token, Rally, Xyo

The U.S. Securities and Exchange Commission (SEC) has alleged that nine cryptocurrencies involved in an insider trading lawsuit are actually securities. Coinbase Global Inc (NASDAQ: COIN) said it “does not list securities on its platform.

Today, the U.S. Department of Justice brought charges on three suspects for their alleged involvement in an inside trading scheme, one of the suspects was a former Coinbase employee. The case seems poised to have major implications for the crypto industry.

On Thursday (July 21), the U.S. Securities and Exchange Commission (SEC) filed a complaint at U.S. District Court for the Western District of Washington against defendants Ishan Wahi, Nikhil Wahi, and Sameer Ramani.

The SEC has listed nine cryptocurrencies on Coinbase that it says are securities, providing more clarity on its views. The post SEC lists nine crypto tokens as securities following Coinbase insider trading charges appeared first on The Block.

One altcoin that powers an Ethereum-based decentralized finance (DeFi) platform is defying broader market woes by rallying in a big way. Rari Governance (RGT) is the governance token of Rari Capital, a DeFi suite that allows participants to borrow, lend and earn yields on cryptocurrencies.

Kromatika, a decentralized trading protocol enabling crypto traders to execute limit orders on top of the Uniswap DEX, announced an expanded integration with Chainlink Keepers, Invezz learned from a press release. The integration has been expanded to the Polygon Mainnet (MATIC/USD). Kromatika users on the Polygon Mainnet can take advantage of on-chain limit orders, which The post Kromatika expands Chainlink integration to Polygon appeared first on Invezz.

The XYO Network (Coinbase: $XYO), which claims to be the “first” blockchain geospatial oracle network backed with cryptography, has reported “record” financial results for the full fiscal year “ending December 31, 2021.” Among its 2021 achievements, the company “doubled in revenue for the full fiscal.