February 11, 2019 / by Zachary Mashiach
Bitcoin is secure, decentralized, and can be anonymous when users take the proper precautions. These characteristics make Bitcoin resilient in the face of government bans, but that doesn’t mean governments have given up on trying to ban Bitcoin or at least rein in the technology. Here, we present a rundown of how various countries regulate…
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February 5, 2019 / by Steven Lubka
In the United States, Wyoming recently passed a bill that legally recognizes cryptocurrencies as money as of Jan. 31, 2019. The bill was presented and proposed on Jan. 19 and was quickly approved by the most crypto-friendly state in the United States: Wyoming. The bill categorizes cryptocurrencies and crypto assets as existing in one of…
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January 29, 2019 / by Steven Lubka
Popular Canadian chat app Kik made waves in 2017 when it announced its ICO and intentions to integrate a cryptocurrency into the Kik platform. In September, Kik raised almost $100 million through a token sale of their cryptocurrency KIN. Since then, Kik has integrated KIN into a suite of social features while also allowing users…
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January 24, 2019 / by Angel Reyes
Amid the chaos imposed by the Brexit Referendum, U.K. regulatory agencies are still at work weighing how they’ll deal with the cryptocurrency space. They have at least one answer that is a departure from how the United States is attempting to regulate the new asset class. The U.K. securities regulator, the Financial Conduct Authority (FCA),…
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January 23, 2019 / by Zachary Mashiach
The Securities and Exchange Commission (SEC) issued a statement today, indicating that the application for the VanEck SolidX Bitcoin exchange traded fund (ETF) has been withdrawn. The VanEck SolidX Bitcoin ETF was originally submitted for approval in June 2018, and the decision on it was delayed in August, September, and December. A final decision was…
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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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