The U.S. Securities and Exchange Commission (SEC) said on Friday (May 28) that it has filed “an action” against five people, alleging that they marketed an international “global unregistered digital asset securities offering” that brought in more than $2 billion from retail investors, according to a statement. BitConnect harnessed a network of promoters to market and sell securities through its “lending program” between roughly January 2017 and January 2018, according to the statement, which cited the SEC’s complaint.
In other news, CipherTrace has become a part of the Binance Smart Chain ecosystem, according to a blog post from Binance on Thursday (May 27). The digital currency intelligence firm unveiled analytics support for Binance Smart Chain, which allows “higher-risk financial transactions” on the smart chain and its 600+…
