News
San Fransisco-based digital securities issuing platform Securitize became the first “blockchain-focused agent” to get SEC approval. The company said this will enable the company to be an official keeper of records for all digital... 2 min read →
Facebook’s bold “new global currency,” Libra, was hit by an antitrust probe from regulators in the European Union because it could unfairly dominate the market, according to a document seen exclusively by Bloomberg. The... 2 min read →
OFAC and FinCEN announced a coordinated effort to sanction three Chinese nationals for an international drug trafficking operation with profits laundered via Bitcoin and Litecoin. The culprits, identified as Xiaobing Yan, Fujing Zheng, and... 2 min read →
A New York judge ruled Bitfinex must face the fraud suit and impending investigation set against it in April by New York attorney general Letitia James, denying the company’s request for the case to... 2 min read →
The SEC penalized Russia-based ICO Rating for failing to disclose it was being paid to shill cryptocurrency projects. The enforcement action comes as the Commission continues to crack down on firms that tout crypto... 2 min read →
Bakkt was granted the first approval from the CFTC for physically-settled Bitcoin futures. Contracts will begin trading next month. Bakkt set to launch Bakkt, a subsidiary of the Intercontinental Exchange (ICE), which owns the... 2 min read →
The SEC again postponed its decision on three of the most prominent Bitcoin exchange-traded fund applications this Monday, including those proposed by Bitwise Asset Management, VanEck-SolidX, and Wilshire Phoenix The U.S. Securities Exchange Commission... 2 min read →
The Securities and Exchange Commission (SEC) is ramping up its efforts to combat crypto fraud. The Commission filed an emergency legal action against the owner of Veritaseum, Reggie Middleton, whose ICO raised almost $15... 2 min read →
The co-founder and CEO of Circle Jeremy Allaire affirmed that there is a “macro-correlation” between Bitcoin’s price movement and the current trade war between China and the United States that could lead to wider... 2 min read →
Walmart’s prospective USD-backed stablecoin should be looked upon more favorably by regulators than Facebook’s Libra, according to U.S. investment banking and financial services company, Cowen, Bloomberg reported. Where Cowen may not be known as... 2 min read →
Brad Garlinghouse, the CEO of Ripple, said that Facebook was responsible for the scrutiny and criticism it encountered from regulators. In an interview with Bloomberg TV, Garlinghouse said that the company went “too far”... 2 min read →
The U.S. Securities and Exchange Commission (SEC) is looking for contractors that would run Bitcoin, Ethereum, and XRP nodes on its behalf. The regulator said the nodes will support its efforts to monitor risks... 2 min read →
Facebook has warned investors that its highly anticipated, and much-contested cryptocurrency project, Libra, may never get off the ground. Libra’s May 2019 debut brought to an end nearly a year of speculation that Facebook... 2 min read →
In a step forward for crypto regulation, the Securities Exchange Commission granted no-action relief to Pocketful of Quarters for its Ethereum ERC-20 token “Quarters”—assuring the startup that the Commission will not take enforcement action.... 2 min read →
We went undercover to try and open accounts at four of the largest U.S. banks, telling them ahead of time that we would use the account to buy and sell Bitcoin on Coinbase. The verdict is... 5 min read →
Crypto conglomerate Circle announced that it will be moving the majority of its operations offshore, as regulatory uncertainty has made servicing U.S. customers increasingly difficult. The company received a full Digital Assets Business Act... 2 min read →
Cryptocurrency mining farms have been booming in Iran due to its low electricity costs. According to a research conducted by Elite Fixtures, it only costs $3,217 to mine Bitcoin in the Islamic nation using... 2 min read →
This week, the inter-ministerial committee (IMC) of India officially recommended the imposition of what has been considered a blanket ban on crypto assets like bitcoin. According to Reuters, the panel led by finance secretary... 3 min read →
Congressman Brad Sherman, a vocal critic of the crypto industry, again called for a complete ban on cryptocurrencies. Sherman said Bitcoin had no real use other than to fund illicit activities and warned about... 2 min read →
A court in Hangzhou, China, upheld Bitcoin’s status as “virtual property.” The ruling reaffirms that Bitcoin is legal to own in China and indicates to holders that they will be protected by the country’s... 2 min read →
