Monday, August 12, 2024

SEC Files Fraud Charges Against Promoters of NovaTech, Alleged $650M Crypto Pyramid Scheme

The U.S. Securities and Exchange Commission (SEC) filed suit against an alleged crypto pyramid scheme, NovaTech, and eight of its promoters on Monday, charging them with fraud and multiple violations of federal securities laws.

source https://www.coindesk.com/policy/2024/08/12/sec-files-fraud-charges-against-promoters-of-novatech-alleged-650m-crypto-pyramid-scheme/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

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Fidelity joins Wall Street's race to manage stablecoin reserves

Following State Street, Fidelity is targeting reserve assets that underpin the expanding stablecoin market. source https://www.coindesk.com...