The firm has reportedly pledged to cooperate with the regulator.
The United States Securities and Exchange
Commission (SEC) has reportedly launched an investigation into Yuga Labs Inc.,
to determine whether the firm’s Bored Ape Yacht Club (BAYC) non-fungible
tokens (NFT) are securities.
Bloomberg in a report cited a source familiar
with the enquiry as saying that the US financial markets regulator wants to
determine if the digital asset company’s sale of its NFTs should have been
subjected to the same disclosure requirements required of firms that offer stocks to the public.
The SEC in its rules and regulations
require securities firms to disclose and share market-related information when
new securities such as stocks and bonds are issued to the public.
Bloomberg reports that while Yuga Labs has not
been accused of violating any laws, the probe could determine whether the
firm’s offering of the BAYC NFTs contrived federal securities law.
The BAYC, which as of this year is worth over
US$1 billion, was minted on April 20, 2021, and was launched for pre-sale three
days later by Yuga Labs. The NFT collection was built on the Ethereum
blockchain.
The probe is also seeking to determine if Yuga
Labs’ launch of ApeCoin in March violates any federal laws and if the native
cryptocurrency passes as an unregistered security.
Sections 3 and 4 of the US Securities Act of
1933 (as amended) provide for certain securities and specific transactions in
securities to be offered for sale without registration with the SEC.
The outlet reports that Yuga Labs has pledged
cooperation with the SEC and looks forward to future
collaborations with other regulators.
As of the time of filing this report,
CoinMarketCap reports that ApeCoin has gone down 7.79% in the last 24 hours.
Source: CoinMarketCap
“The live ApeCoin price today is $4.75 USD with
a 24-hour trading volume of $344,818,255 USD,” the crypto asset price tracking
firm wrote on its website.
Case against Ripple
The SEC’s focus on Yuga Labs comes on the heels of
the regulator’s probes into NFT markets to determine if some of the assets can
be categorized as securities.
Earlier in the year, the agency’s enforcement
lawyers sent out queries and subpoenas on the matter to digital asset
companies.
Meanwhile, the SEC has been battling
with Ripple Labs Inc., a
blockchain company, claiming its native cryptocurrency, XRP, can be categorized
as a security.
In April, Ripple claimed ‘a
very big win’ against the SEC after a
US Judge, Sarah Netburn, denied a request by the markets supervisor to the court to reconsider shielding documents in which William Hinman, its former
Director of the Division of Corporation Finance, admitted that Bitcoin and
Ether cannot be categorized as securities.
The United States Securities and Exchange
Commission (SEC) has reportedly launched an investigation into Yuga Labs Inc.,
to determine whether the firm’s Bored Ape Yacht Club (BAYC) non-fungible
tokens (NFT) are securities.
Bloomberg in a report cited a source familiar
with the enquiry as saying that the US financial markets regulator wants to
determine if the digital asset company’s sale of its NFTs should have been
subjected to the same disclosure requirements required of firms that offer stocks to the public.
The SEC in its rules and regulations
require securities firms to disclose and share market-related information when
new securities such as stocks and bonds are issued to the public.
Bloomberg reports that while Yuga Labs has not
been accused of violating any laws, the probe could determine whether the
firm’s offering of the BAYC NFTs contrived federal securities law.
The BAYC, which as of this year is worth over
US$1 billion, was minted on April 20, 2021, and was launched for pre-sale three
days later by Yuga Labs. The NFT collection was built on the Ethereum
blockchain.
The probe is also seeking to determine if Yuga
Labs’ launch of ApeCoin in March violates any federal laws and if the native
cryptocurrency passes as an unregistered security.
Sections 3 and 4 of the US Securities Act of
1933 (as amended) provide for certain securities and specific transactions in
securities to be offered for sale without registration with the SEC.
The outlet reports that Yuga Labs has pledged
cooperation with the SEC and looks forward to future
collaborations with other regulators.
As of the time of filing this report,
CoinMarketCap reports that ApeCoin has gone down 7.79% in the last 24 hours.
Source: CoinMarketCap
“The live ApeCoin price today is $4.75 USD with
a 24-hour trading volume of $344,818,255 USD,” the crypto asset price tracking
firm wrote on its website.
Case against Ripple
The SEC’s focus on Yuga Labs comes on the heels of
the regulator’s probes into NFT markets to determine if some of the assets can
be categorized as securities.
Earlier in the year, the agency’s enforcement
lawyers sent out queries and subpoenas on the matter to digital asset
companies.
Meanwhile, the SEC has been battling
with Ripple Labs Inc., a
blockchain company, claiming its native cryptocurrency, XRP, can be categorized
as a security.
In April, Ripple claimed ‘a
very big win’ against the SEC after a
US Judge, Sarah Netburn, denied a request by the markets supervisor to the court to reconsider shielding documents in which William Hinman, its former
Director of the Division of Corporation Finance, admitted that Bitcoin and
Ether cannot be categorized as securities.
Solomon Oladipupo is a journalist and editor from Nigeria that covers the tech, FX, fintech and cryptocurrency industries. He is a former assistant editor at AgroNigeria Magazine where he covered the agribusiness industry. Solomon holds a first-class degree in Journalism & Mass Communication from the University of Lagos where he graduated top of his class.
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
