SEC Hits Two Cryptocurrency Firms With Formal Charges

SEC Hits Two Cryptocurrency Firms With Formal Charges

Advertisement The Securities and Exchange Commission (SEC) has slapped a crypto asset hedge fund and an ‘ICO Superstore’ with penalties. A digital asset hedge fund manager was charged with misrepresentations and registration failures, marking the SEC’s first-ever enforcement action finding an investment company registration violation by a hedge fund manager based on its investments in…

Russia’s Central Bank: ICO Pilot a Success, Legal Hurdles Remain

Russia’s Central Bank: ICO Pilot a Success, Legal Hurdles Remain

Advertisement A regulatory platform operated by the Bank of Russia has concluded an initial coin offering (ICO) pilot, a central bank official has revealed. Speaking at the Eastern Economic Forum in Vladivostok – a port city near the Chinese border –Ivan Semagin, deputy director of financial markets development at the Bank of Russia revealed the…

Bitcoin Flexes its Muscles as Cryptocurrency Market Tumbles to 2018 Low

Bitcoin Flexes its Muscles as Cryptocurrency Market Tumbles to 2018 Low

Advertisement The cryptocurrency market crossed an unwelcome milestone on Wednesday, as it not only fell to a year-to-date low but also surpassed the Nasdaq Composite Index’s 78 percent peak-to-trough decline in the throes of the dotcom bubble that kicked off the new millennium. Cryptocurrency Decline Now Worse Than Dotcom Bubble Following a fresh rout this…

Binance Partners Malta Stock Exchange to Launch New Digital Exchange

Binance Partners Malta Stock Exchange to Launch New Digital Exchange

Advertisement Binance, the world’s largest cryptocurrency exchange by daily trading volume has announced a partnership with the Malta Stock Exchange to launch a new digital exchange specifically for security token trading. The agreement was signed on Tuesday through a memorandum of understanding between MSE chairman Joseph Portelli and Binance chief financial officer Wei Zhou. Prof…

Australian Blockchain Delegation Heads to China to Foster Fintech Ties

Australian Blockchain Delegation Heads to China to Foster Fintech Ties

Advertisement A handful of Aussie blockchain startups are in Shanghai this week, part of a government-backed trade mission that aims to strengthen ties between the two nations in the industry. The Australian Trade and Investment Commission (Austrade), the country’s trade agency, and the Australian Digital Commerce Association are jointly organizing a delegation of domestic blockchain startups…

Is India Ready to Legalize Crypto? Officials Visit Japan & to Study Policies

Is India Ready to Legalize Crypto? Officials Visit Japan & to Study Policies

Advertisement While the Supreme Court of India hears the crypto exchange industry’s case against the central bank following the latter’s banking ban, regulators are exploring regulatory policies for the nascent sector. Businesses and associations in the cryptocurrency and blockchain sector are expected to participate in the hearing alongside the Securities and Exchange Board of India…

This Canadian Town is Coughing Up Bitcoin After Ransomware Attack

This Canadian Town is Coughing Up Bitcoin After Ransomware Attack

Advertisement A town in the Ontario Province of Canada has decided to pay hackers the ransom they are demanding in bitcoin in order to get its computer network working again. Midland, which has a population of over 16,000, had its computer systems breached and infected with ransom malware that encrypted files at the beginning of…

Bitcoin Price Intraday Analysis: BTC/USD Cautious amidst Crypto Sell-Off

Bitcoin Price Intraday Analysis: BTC/USD Cautious amidst Crypto Sell-Off

Advertisement Bitcoin price on Tuesday depreciated against the US Dollar by almost 3.5 percent as the selling sentiment throughout the crypto-market continued to intensify. The BTC/USD opened today at 6389-fiat after rising from the low near 6218-fiat from the previous day. The pair couldn’t continue the upside correction right from the beginning of the today’s Asian…

Ripple, R3 Reach Settlement in Multibillion Dollar Cryptocurrency Lawsuit

Ripple, R3 Reach Settlement in Multibillion Dollar Cryptocurrency Lawsuit

Advertisement Blockchain companies Ripple and R3 have reached an undisclosed settlement on “all outstanding litigation,” putting an end to a legal spat involving a tranche of cryptocurrency tokens once worth as much as $19 billion. In a brief statement published on Monday, the San Francisco-based Ripple announced the settlement, stating that the terms would remain…

ICOs Aren’t Cashing Out Their Cryptocurrency Warchests [Yet]: Research

ICOs Aren’t Cashing Out Their Cryptocurrency Warchests [Yet]: Research

Advertisement When the ethereum price crashed by nearly 50 percent during the first two weeks of August, some analysts speculated that last year’s initial coin offering (ICO) boom was to blame for the second-largest cryptocurrency’s decline. During 2017 and early 2018, cryptocurrency startups raised billions of dollars through ICOs, funds which were predominantly denominated in…