Delaware Refers BlackRock XRP Fake Filing To State Justice Officials

Delaware Refers BlackRock XRP Fake Filing To State Justice Officials

Time Stamp: November 15, 2023 1:23 AM
<!–
HTML tutorialHTML tutorial
 –>

Monday’s false business registration for a BlackRock XRP trust, which briefly boosted the token’s price by as much as 10%, has garnered the attention of regulators. 

The Delaware Department of State referred the matter to the Delaware Department of Justice, a spokesperson told Blockworks Tuesday. 

The registration, which crypto fans noticed Monday afternoon, mirrored past legitimate registrations from asset manager BlackRock, which is currently vying for the US Securities and Exchange Commission to approve its bitcoin and ether products. The falsified registration listed BlackRock Advisors and Daniel Schweiger as registered agents. 

A Bloomberg ETF analyst on Monday confirmed via X the filing was fraudulent, citing a spokesperson from BlackRock. 

Should the Delaware DOJ pursue charges, it would not be the first time the agency has targeted crypto-related schemes. 

Read Also: Chinese Company Announces It Will Invest $100 Million in Bitcoin and Ethereum

In September, the state issued a cease and desist order to OKX.com and three other respondents for allegedly facilitating a long-term fraud scheme. 

According to the order, a senior citizen lost $275,000 in retirement funds after being groomed to make cryptocurrency investments on bybit.us, an imposter of exchange ByBit.com. The funds now reside in wallets on the OKX exchange, the Delaware DOJ alleged.

“The use of crypto to commit fraud, while increasingly common, presents new challenges for law enforcement,” Delaware Attorney General Kathy Jennings, said when the order was released. Today’s order takes a first step toward protecting Delaware investors from the pig butchering scam by freezing funds belonging to the victim.”

Latest News, News

Ethereum Average Fees Recently Hit The $5.72 Mark

November 15, 2023
Latest News, News

Bitgin Cryptocurrency Exchange Faces Money Laundering Investigation

November 15, 2023
Latest News, News

Disney Teams Up With Dapper Labs To Launch

November 15, 2023
Latest News, News

Chinese Company Announces It Will Invest $100 Million

November 15, 2023
Latest News, News

Standard Chartered Unit Launches Tokenization Platform Libeara

November 15, 2023

Time Stamp:

More from BitcoinWorld

Bitcoin And Crypto Prices This Week: These Dates Will Be Crucial Silvergate news sent the Bitcoin and crypto markets to a second week of losses. Bitcoin and crypto fell on Friday as the dollar index (DXY) fell, and the S&P 500 recovered. Despite this momentary dissociation of Bitcoin from macro events, investors should watch crucial dates this week. Bitcoin may surge if the stock market does. The U.S. job market and Jerome Powell’s two talks will influence this week’s Bitcoin price. Powell will discuss the US economy before the Senate Banking Committee on Tuesday, March 7, at 10:00 a.m. With the recent re-acceleration in the Consumer Price Index (CPI) and Personal Consumption Expenditures (PCE) index, market players will closely watch Powell’s comments, which might impact financial markets drastically. Investors will watch the Fed’s March 22 rate decision for monetary policy pronouncements. According to Bitcoinist, the upcoming FOMC meeting may be the most crucial of the year. The Fed Chairman will face House Financial Services Committee questioning at 10:00 a.m. EST on Wednesday, March 8, and may repeat his earlier remarks. If Powell makes, fresh Fed monetary policy statements is unknown. The Bureau of Labor Statistics will release the February JOLTS employment data on Wednesday. While unlikely to affect crypto market values, the data is worth a look. The Fed monitors the robust U.S. job market. 10.60 million jobs are expected. Previous calculations indicated 11.01 million job opportunities. Financial markets may benefit if American corporations create more jobs, as they did last month, supporting the US economy. The market has recently viewed robust US employment data favorably. China will release fresh inflation figures on Thursday, March 9. It’s worth looking east after China’s manufacturing PMI rose more than 2% last Wednesday, boosting Bitcoin and Chinese equities. Bitcoin may benefit if China’s central bank loosens monetary policy due to decreasing inflation. The February U.S. nonfarm payrolls (NFP) employment statistics on Friday at 8:30 a.m. EST will be important. The February statistics will determine whether the January data showed the U.S. economy expanded in 2023 or if it was a seasonal bias. Last month, forecasters estimated 200,000 new jobs, down from 517,000 in January. If the projection is undershot, it will indicate that January’s impressive figure was a fluke. In a positive scenario, the US market outperforms expectations, reducing the likelihood of a recession and raising financial market values. The 10:30 am EST U.S. unemployment rate supports this. Trading Economics predicts a 3.4% unemployment rate, the lowest since 1969.

Source Cluster:
Source Node: 1808444
Time Stamp: Mar 7, 2023