Some of Our Sources
- Technology Review
- TutsPlus - Code
- Just Creative
- Smashing Apps
- Abduzeedo
- Fudge Graphics
- Wal You
- CSS Tricks
- Spyre Studios
- Daily Now
Help Webnuz
Referal links:
September 17, 2021 06:45 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/Y-FwNuBvsZs/states-act-against-celsius-network-for-unregistered-products
States Act Against Celsius Network for Unregistered Products
States on Friday took action against Celsius Network, accusing the company, which purports to be one of the world's largest cryptocurrency lenders, of offering residents unregistered securities. From a report: Texas filed a notice seeking a hearing to determine whether to issue a cease and desist order against the company. The action means Celsius will have to show why it shouldn't be ordered to stop offering its products to state residents. The hearing is scheduled for February 14. Separately, New Jersey ordered Celsius to stop offering some of its products, which it also described as unregistered securities, effective November 1. The moves against Celsius come on the heels of similar actions against New Jersey-based competitor BlockFi taken by states including New Jersey, Texas and others in July, and in the week after Coinbase Global Inc. disclosed that the Securities and Exchange Commission had threatened to sue it if it offered its own yield product to depositors. Celsius had more than $24 billion in "community assets" at the beginning of September, the company said, which would make it one of the world's largest crypto lenders and interest-account providers, if not the largest. The company offers customers a yield of nearly 9% for deposits of U.S.-dollar stablecoins, such as Tether and USD Coin, as much as 6.2% for Bitcoin, and varying rates of interest on other cryptocurrencies.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/Y-FwNuBvsZs/states-act-against-celsius-network-for-unregistered-products
Share this article:
Tweet
View Full Article
Slashdot
Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..More About this Source Visit Slashdot