Abra - Hani.guru

It looks like the SEC isn’t done with trading app Abra just yet

The SEC's investigation into the crypto trading firm, which paid fines of $300,000 in July, apparently continues. Back in July, the Securities and Exchange Commission alongside the Commodity Futures Trading Commission fined investment app Abra for providing trading on synthetic assets. At the time, that looked like the end of the matter. However, in response to Cointelegraph’s Freedom of Information Act (FOIA) request for details in the Abra case, the SEC cited FOIA exemption 5 U.S.C. 552(b)(7)(A) — an exemption that only applies to ongoing investigations. The exemption applies to situations where releasing information could “reasonably be expected to interfere…

Starting Second Term Today, SEC Commissioner Peirce Tells Cointelegraph Her Crypto Priorities

Sworn in for her second term today, SEC Commissioner Hester Peirce tells Cointelegraph about the commission’s work on crypto and new tech in investing. Most days, there is little love lost between the United States Securities and Exchange Commission and the world of crypto. As the regulator of the world’s largest capital market, the commission’s continuing work to track down sales for tokens it considers unregistered securities has left a fair bit of the crypto market viewing the commission like a boogeyman.Which is not fair. There are controversial cases, but the ICO boom was rampant with predation, fraud and theft:…

Abra CEO Explains Why It’s Bitcoin’s Time to Shine

With expectations of further U.S. dollar inflation, why would people hold cash? The U.S. government's attempts to fix the current economic situation could ultimately lead to greater Bitcoin (BTC) adoption, according to Bill Barhydt, CEO of crypto wallet and exchange solution, Abra. "I think that this is a pivotal moment for Bitcoin as a new asset class," Barhydt told Morgan Creek Digital co-founder Anthony Pompliano during an Aug. 13 podcast interview. Barhydt noted the U.S. government's goals for intentional inflation as rationale for his thesis. As part of the rationale for his claims, Barhdyt mentioned rumors of the U.S. government's upcoming goal of…

Az Abra új kamatozó kriptoszámlájával akár 9%-os éves hozam is elérhető

Mostantól az Abra applikációján keresztül bárki kamatos kamatot szerezhet kriptoegyenlegén. Az Abra globális kriptovaluta befektetési vállalat ma jött ki legújabb termékével, az ‘Abra Interest Account’-al, mely egy olyan kamatozó számla, amivel akár 9%-os éves kamatot is elérhetnek a befektetők kriptoeszközeiken és USD stabilcoinjaikon – áll a sajtóközleményben. Az új számla napi tőkésítéssel kínál kamatos kamatot a fogyasztói egyenlegeken. A kamatozó számlákon lévő eszközöket az intézményi hitelfelvevők likviditási igényeivel párosítják, ez alapján kerül kiszámításra a befektetők számára kínált napi kamatláb. A kamatlábat periodikusan kiigazítják az adott eszköz esetén felmerült igények alapján. A mostani bevezetéssel olyan népszerű kriptovaluták esetében elérhető a kamatos…

On-Chain Bitcoin Scaling En Masse Requires Bigger Blocks, Abra CEO Says

Bitcoin can scale as an adopted store of value using second-layer solutions, but not on-chain with its current technology says Abra’s CEO. Bill Barhydt, CEO and founder of the Abra digital finance wallet and exchange app, said he sees Bitcoin’s (BTC) blockchain struggling when it comes to on-chain mass adoption of the asset as a store of value, given the asset’s current technology. “Bitcoin can certainly scale ‘off-chain’ today via third-party custodians such as exchanges and wallets like Abra or other so-called second-layer technologies such as Lightning,” Barhydt told Cointelegraph on July 15. He added:“When held in that manner Bitcoin’s scalability is…

Abra Building Banking Solutions on Stellar Blockchain, CEO Barhydt Says

As part of its work with the Stellar blockchain, Abra plans to provide global banking features. Abra, the company behind the global crypto and fiat wallet and exchange app of the same name, plans to give the world banking services underpinned by Stellar's blockchain — one of the results of the SDF's $5 million investment in Abra earlier in 2020. During the SDF's digital second quarter review meeting on July 15, Abra CEO Bill Barhydt mentioned Abra's focus on upcoming banking-type features the company is building out. In particular, Barhydt noted an "interest-earning capability" expected to hit the market in the…

Law Decoded: Pushing the Legal Limits, July 10–17

In this week’s newsletter, we look at a series of developments that test the limits of governmental authority over crypto, as well as the contest with social media. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law.Editor’s noteNew developments in crypto this week are challenging a number of critical boundaries of legal authority. We are, consequently, looking at several cases that promise to set new lines for government reach and overreach.Cassius lamented Caesar bestriding the narrow world like a colossus. While nothing on the docket today is going to be…

Bitcoin Investor Sues IRS for Unlawful Seizure of Financial Records at 3 Crypto Exchanges

Bitcoin investor Jim Harper has sued the U.S. Internal Revenue Service (IRS), its commissioner, and a number of federal agents. He alleged that they unlawfully seized his private financial information from three cryptocurrency exchanges. Bitcoin Investor vs. IRS Bitcoin investor Jim Harper has filed a lawsuit against IRS Commissioner Charles P. Rettig, the IRS, and “John Doe IRS Agents 1-10.” The latter refers to “fictitious names for the person or persons who authorized and conducted the search” of his private financial records, according to the court document filed on July 15 with the District Court for the District of New…

American Crypto Investment App Abra Gets Charged $150.000 by both SEC and the CFTC For Unregistered Security-Based Swap Transactions

by Richard Kastelein Both the US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have nailed California-based Abra along with a connected Philipino company in the Philippines with fines of $150,000 each for offering and selling security-based swaps to retail investors without registration and for failing to transact those swaps on a registered national exchange. “Businesses cannot ignore the registration requirements designed to provide investors with the information necessary to evaluate securities transactions,” said Daniel Michael, Chief of the SEC Enforcement Division's Complex Financial Instruments Unit. “Further, businesses that structure and effect security-based swaps may not evade the…

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It looks like the SEC isn’t done with trading app Abra just yet

Starting Second Term Today, SEC Commissioner Peirce Tells Cointelegraph Her Crypto Priorities

Abra CEO Explains Why It’s Bitcoin’s Time to Shine

Az Abra új kamatozó kriptoszámlájával akár 9%-os éves hozam is elérhető

On-Chain Bitcoin Scaling En Masse Requires Bigger Blocks, Abra CEO Says

Abra Building Banking Solutions on Stellar Blockchain, CEO Barhydt Says

Law Decoded: Pushing the Legal Limits, July 10–17

Bitcoin Investor Sues IRS for Unlawful Seizure of Financial Records at 3 Crypto Exchanges

American Crypto Investment App Abra Gets Charged $150.000 by both SEC and the CFTC For Unregistered Security-Based Swap Transactions

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