January 21, 2019 / by Zachary Mashiach
The crypto space had been highly anticipating the launch of Bakkt physical Bitcoin (BTC) futures after the plans were first announced in August 2018. Originally, Bakkt wanted to launch the physical Bitcoin futures in November, but this was delayed to Dec. 12 and then Jan. 24. The January 24 launch date ended up being a…
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December 31, 2018 / by Angel Reyes
Initial Coin Offerings had an explosion in popularity in 2017 as the markets took off. A long way from their beginnings in 2013 with the first token sale of Mastercoin, ICOs have managed to raise over $6 billion in 2018. Many of these crowdfunded projects were built upon the Ethereum (ETH) blockchain and collected Ether…
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December 28, 2018 / by Zachary Mashiach
The Securities and Exchange Commission (SEC) of the United States launched its most severe penalties regarding initial coin offerings (ICOs) in November 2018 against Paragon (PRG) and Airfox (AIR). Paragon and Airfox must return all investments and pay a $250,000 fine, which will likely end with bankruptcy. The SEC references how these two ICOs launched…
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December 20, 2018 / by Zachary Mashiach
The crypto space is in rallying mode as Bitcoin has risen from $3,100 to $4,000, even though the market bounced off of 2018 lows only two or three days ago. The sentiment on Crypto Twitter is not much different than during the historic rally of 2017, with people saying this will be a major rally…
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December 11, 2018 / by Bill Noble
On Dec. 9, the South China Morning Post published an article reporting that Pan Gongsheng, a deputy director of the People’s Bank of China — the Chinese equivalent of the Fed — had some negative comments regarding securities token offerings or STO’s. The comments were made at an internet finance conference. “The STO business that…
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December 7, 2018 / by Zachary Mashiach
The Securities and Exchange Commission (SEC) has once again pushed off its decision on the VanEck SolidX Bitcoin Exchange Traded Fund (ETF). Many Bitcoin ETF applications have been reviewed by the SEC, but its tendency is to delay making a decision then issuing an outright rejection once the maximum time limit is reached. The SEC…
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November 16, 2018 / by Angel Reyes
Erik Voorhees, a long time crypto industry innovator, is once again under investigation by the U.S. Securities and Exchange Commission (SEC), according to The Wall Street Journal. As a former board member of crypto loans startup Salt Lending Holdings Inc., the company and Vorhees were subpoenaed by the SEC in February over the $50 million…
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November 15, 2018 / by Angel Reyes
Longtime bitcoin users are familiar with the difficulties that arise when tax season approaches. While many countries have hefty taxes on cryptocurrencies and their capital gains, France has set the two apart with a 36 percent Bitcoin tax compared to 30 percent on other gains. Now, however, Senate legislators of the lower house of parliament…
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November 5, 2018 / by Jackson Rickun
In the wake of an Oct. 30 blacklisting of New York IP addresses, decentralized asset exchange IDEX says it will implement anti-money-laundering (AML) policies and IP surveillance moving forward, according to a Medium post written yesterday by CEO Alex Wearn. Wearn said that decentralization exists on a spectrum, not a binary, and in order to…
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October 18, 2018 / by Jackson Rickun
The United States Securities and Exchange Commission launched today a new strategic hub to engage with companies and organizations that use blockchain, artificial intelligence, and digital asset technologies. The Strategic Hub for Innovation and Financial Technology (FinHub) aims to triage disparate areas of regulatory concern in order to better serve regulators and businesses. According to…
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