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SEC Charges DJ Khaled and Floyd Mayweather with Unlawfully Touting ICOs

December 3, 2018 by Cindy Huynh at Altcoins, Business, Crime, Finance, News, Regulation

The Securities Exchange Commission (SEC) recently settled charges against two celebrities who failed to disclose their payments for promoting initial coin offerings (ICO). According to the SEC’s press release published on November 29, 2018, while music producer DJ Khaled and professional boxer Floyd Mayweather did not admit nor deny the...

Hands Joining In a Circle Around Blue Blocks

The First Blockchain Association Opens up in Mexico

December 2, 2018 by Cindy Huynh at Adoption, Blockchain, Development, News, Regulation

The first Blockchain Association in Mexico was recently formed by seven founding members which included Bitso, BIVA, GBM, Lvna Capital, Volabit, ConsenSys, and Exponent Capital. According to the Mexico Forbes article published on November 28, 2018, the organizations are keen to educate Mexican citizens about blockchain technology and form safety...

Tether Trying to Bounce Back to its Feet, Reopens Account Verification and Fiat Withdrawals

November 29, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Business, Finance, News, Regulation, Tech

Tether (USDT), the world's first unstable stablecoin has announced the reopening of account verification and redemption of USDT to fiat straight from its platform, according to a press release by Tether Ltd., on November 27, 2018. Tether Staging a Comeback? Tether Ltd., the firm in charge of USDT, the world's...

Eccentric High-Profile Cryptocurrency Entrepreneur Moshe Hogeg Robs His Company Invest.com

November 29, 2018 by Cindy Huynh at Business, News, Regulation, Tech

Invest.com - an online trading, and an investing platform is currently in the process of being liquidated despite launching two successful initial coin offerings (ICOs) and a merger with AnyOption in 2017. According to The Times of Israel’s article published on November 27, 2018, the petition to liquidate the company was instigated...

InVault Launches Cryptocurrency Custodian Service in Hong Kong as New Regulations Emerge

November 26, 2018 by Cindy Huynh at Bitcoin, Blockchain, News, Platform, Regulation, Tech

Invault, a Shanghai-based cryptocurrency custodian service, recently launched after Hong Kong imposed new regulations on cryptocurrency exchange platforms and fund managers, requiring them to protect and safeguard their clients’ virtual assets, according to South China Morning Post’s on November 25, 2018. InVault has taken advantage of Hong Kong's new regulatory requirements and...

Colorado Securities Regulators Crack Down on 18 ‘Fraudulent’ ICOs, With More on the Way

November 25, 2018 by Priyeshu Garg at Altcoins, Business, Finance, News, Regulation

The Colorado State Department of Regulatory Agencies (DORA) has filed cessation orders against four ICOs that were allegedly involved in 'fraudulent and illicit' practices, bringing the total number of ICOs stopped by the state’s bodies to 18 this month, Denver Business Journal reported on November 22, 2018. Four More ICOs...

Alaskan City of Valdez Pays off Bitcoin Ransom After Four Months

November 19, 2018 by Priyeshu Garg at Bitcoin, Blockchain, Mining, News, Platform, Regulation, Tech

Officials from the City of Valdez are in the final phases of recovering information from its servers after four months of it being held by cyber-criminals demanding a bitcoin ransom, KTUU reported on November 18, 2018. Cyberattack That Held City's Info for Ransom in Final Recovery Phase A small Alaskan...

Autodesk CEO Believes Blockchain Can Reduce Corruption in the Construction Industry

November 19, 2018 by Cindy Huynh at Blockchain, Business, Finance, News, Platform, Regulation, Tech

Andrew Anagnost, Autodesk’s CEO is a big believer in blockchain technology as he believes it can help boost transparency and trust between all members in the construction industry. According to the Financial Review’s article published on November 19, 2018, Anagnost mentioned that increased confidence and accountability could eventually reduce the...

Switzerland Stock Exchange Chairman: Creating a National Cryptocurrency will Boost the Economy

Switzerland OKs HODL: World’s First Cryptocurrency ETF to Launch Next Week

November 19, 2018 by Aisshwarya Tiwari at Altcoins, Bitcoin, Exchange, Finance, News, Regulation

In a historic decision amidst the crypto bloodbath, Swiss cryptocurrency startup Amun AG has been given the go-ahead to list a crypto index fund on Europe’s fourth-largest stock exchange, SIX Swiss Exchange. With a market cap of $1.6 trillion, the exchange will facilitate the world’s first crypto Exchange Traded Product...

European Central Bank Executive Dubs Crypto “Evil Spawn” of Financial Crisis

November 19, 2018 by Aisshwarya Tiwari at Bitcoin, Commentary, Finance, News, Regulation

An executive board member of the European Central Bank (ECB), Benoit Coeure, dealt a verbal blow to bitcoin and the infant cryptocurrency industry when he termed the digital currency "a combination of a bubble, a Ponzi scheme, and an environmental disaster,” per a report by Bloomberg, published November 15, 2018....

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