Abra News

The SEC announced securities charges against the lending platform over its Abra Earn service but also said the firm had settled with pending civil penalties and an injunction.

Abra purchased the trusts amid a settlement with 25 US state regulators connected to financial licensing violations.

Other states can join in the settlement, which will see up to $82.1 million returned to customers.

The platform was part of a targeted campaign by state regulators and promised to stop U.S retail operations last summer.

Crypto entrepreneur Bill Barhydt confirmed the settlement, emphasizing that Abra has never frozen withdrawals for U.S. users and wound down its Earn and Boost programs voluntarily in 2023.

Abra and its CEO William Barhydt have been issued with an emergency cease and desist order.

Abra announced its international venture and the U.S. bank would work with officials to ensure regulatory and legal compliance and planned to launch in 2022 and 2023, respectively.

Cryptocurrency investors now have more options for purchasing property without having to sell their digital assets outright.

Venture capital continues to flow into the crypto industry, with high-profile investors such as American Express taking part in the new economy.

The Internal Revenue Service will likely not be penalized for obtaining records on a crypto user from Coinbase or Abra.

Abra's CEO purportedly increased his holdings prior to Bitcoin touching new 2020 highs.

A long list of factors means Bill Barhydt is now more optimistic about price rises than at any time in the past five years.

The SEC's investigation into the crypto trading firm, which paid fines of $300,000 in July, apparently continues.

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.

With expectations of further U.S. dollar inflation, why would people hold cash?