#U.S News

Ripple Combats Investors After Complaints Allege Company of Selling Unregistered Securities

August 19, 2019 by Ashwath Balakrishnan at Altcoins

A group of investors has filed a complaint against Ripple with the Securities and Exchange Commission (SEC) for dumping illegal securities on investors in the token, as reported by Forbes, August 18, 2019. Bitcoin influencer Tone Vays has taken delight to this, claiming the SEC will "bring down Thor's hammer"...

Singapore Book of Crypto code of conduct lightning blue

Singapore Cryptocurrency Association Seeks Public Feedback

August 14, 2019 by Ashwath Balakrishnan at Regulation

The Association of Cryptocurrency Startups and Enterprises, Singapore (ACCESS) is looking to facilitate public discussion of their newly formulated code of practices. As per a report from Strait Times, the code aims to tackle a variety of issues like money laundering, financing global terrorism, and many other crucial issues that need...

Man Holding Spear Throwing it at the SEC Crest

Kik Launches Scathing Rebuttal at SEC

August 7, 2019 by Ashwath Balakrishnan at Altcoins

The messaging app has filed a countersuit against the SEC, claiming the agency has deliberately twisted facts to make it seem like Kik had not complied with necessary regulations. The SEC launched an investigation into Kik and came to the conclusion that their token, Kin, was a security but did...

Crypto Mom Hester Pierce Hugged by crypto

SEC’s “Crypto Mom” Eager to Offer Regulated Platform for the Sale and Issuance of Tokens and Cryptocurrencies

August 5, 2019 by Ashwath Balakrishnan at Regulation

At the Convergence Forum held at the Singapore University of Social Sciences (SUSS), the SEC Commissioner, Hester Peirce, declared her desire to offer a non-exclusive safe harbor for the exchange of tokens and coins. There would almost certainly be a screening process for which tokens deserve to be listed as...

Chase Facing Imminent Litigation for Hidden Crypto Fees

August 5, 2019 by Ashwath Balakrishnan at Finance

Judge Katherine Polk Failla has told Chase that the extra fees they charged customers who were purchasing cryptocurrency was uncalled for as cryptocurrency purchases are not counted as a cash advance. The Judge denied Chase's motion to dismiss complaints from the plaintiffs, who took Chase to court over the fees...

Iranian Official holding a crypto approved sheet Iran flag green tick

Iran: Cryptocurrency Industry now “Official” in the eyes of the Government

July 23, 2019 by Eddie Mitchell at Regulation

Irans Head of Economic Commission has announced to Mehr News Agency that the government now officially acknowledges the cryptocurrency industry. Seemingly, with a primary motivation to alleviate the weight of sanctions imposed by the U.S., the news arrives in tandem with the government loosely establishing energy rates for cryptocurrency mining,...

Facebook in a Meeting with a CFTC official statue of liberty in the background

US Congress Wants Facebook to Halt Libra Cryptocurrency Project

July 3, 2019 by Anthonia Isichei at Altcoins

Members of the United States Congress have demanded in a letter that Facebook halts development of the Libra cryptocurrency as it poses a threat to the hegemony of the U.S. dollar. This call by the U.S. Congress is the latest in a long line of government hard-line stances against the...

Former Congressman Ron Paul Accuses U.S. Fed of Manipulation; Urges Cryptocurrency Detaxation

December 10, 2018 by Rahul Nambiampurath at Bitcoin, Blockchain, Finance, News, Platform, Regulation

Former presidential candidate Ron Paul published an article titled “Trump Is Right, the Fed Is Crazy” in November 2018, pointing out for the immediate detaxation of cryptocurrencies and precious metals in the United States. Abusing Power to Manipulate Finance According to Paul, the U.S. Federal Reserve is abusing its position...

SEC Believes International Cooperation Is Vital In Pursuing Illegal And Fraudulent ICOs

December 6, 2018 by Cindy Huynh at Altcoins, Blockchain, Business, Ethereum, News, Platform, Tech

Steven Peikin, the co-director of the SEC’s Division of Enforcement gave a speech at the Harvard Law School’s Program on the importance of international cooperation in pursuing fraudulent ICOs on December 3, 2018. Peikin highlighted the need for global assistance when it comes to fighting fraud in the ICO and...

World’s First Blockchain-Based Oil Trading Platform Launched

December 2, 2018 by Aisshwarya Tiwari at Blockchain, Business, Mining, News, Tech

VAKT, a blockchain-based consortium formed by leading oil and energy sector companies announced the launch of its commodity post-trade management platform through a press release dated November 29, 2018. The launch entails the birth of the world’s first enterprise-grade DLT platform in the oil and energy industry. Improved Security and...

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