The former CEO of a Miami-based investment firm has pleaded guilty to a conspiracy to commit commodities fraud involving crypto futures contracts and now faces up to five years in prison. In an Oct. 12 statement, the United States Department of Justice said that Peter Kambolin, former CEO of Systematic Alpha Management, operated a “cherry picking”…
Blockchain technology offers new horizons in terms of user governance and digital interaction between parties. It evolves with each iteration, adding new use cases and better functionality along the way. However, the technical requirements of becoming a participant in any given blockchain network, along with the complex nature of the technology itself, often prevents newcomers from…
Coinbase has doubled down on its push for a court order compelling the United States Securities and Exchange Commission (SEC) to act on the firm’s crypto rulemaking petition. Coinbase wants a mandamus issued within 30 days to compel the SEC to give an official answer on whether it will accept or deny the petition. The SEC submitted a long-awaited…