The SEC Nukes $1.7 Billion Telegram ICO for Securities Violations, Destroying a Major Cryptocurrency Before it Even Launches. Will Telegram Messenger Survive?

The Securities and Exchange Commission (SEC) has issued a lawsuit against Telegram Group Inc. its -oriented subsidiary TON Issuer Inc. the United States District Court for the Southern District of New York. This lawsuit essentially kills the $1.7 billion Telegram initial coin (ICO) that sold the Grams token. This is actually the 2nd biggest ICO… Read more

Japan Legalizes Cryptocurrency Donations to Politicians With No Limits in Place

In a surprising move the Japanese government, politicians in the country can now receive unlimited donations without any need of disclosing them to the concerned authorities.  Sanae Takaichi, the country’s internal affairs, and communications minister revealed that in a press briefing a couple of days ago. She claimed that crypto donations do not come under… Read more

EOS Firm Block.one Fined $24 Million For Selling Unregistered Securities

The SEC announced that it had handed EOS maker Block.one a $24 million civil fine for carrying out an unlawful ICO. The ICO reportedly generated close to $4.1 billion over one year between June 2017 and June 2018.  Block.one did not admit to any wrongdoing but did not fight the charge and agreed to pay… Read more

The SEC Is Now Retroactively Punishing ICOs, Putting All ICO Cryptocurrencies at Risk

On Sept. 30, the SEC issued a cease and desist order in addition to roughly $225,000 of fines against Nebulous Inc., the company behind the cloud storage cryptocurrency Siacoin (SC). The SEC has issued many judgments against cryptocurrencies that have launched via initial coin offerings (ICOs), as will be detailed in this article, but the… Read more

Crypto Firms Led By Coinbase Form Cryptoasset Rating Council

Leaders in the crypto industry have taken the initiative of assisting industry firms to avoid violation of securities rules. Coinbase has indicated that it was among the companies that founded the member-only Crypto Rating Council. The council aims to assist crypto firms to establish if they are complying with the current US securities laws. Other… Read more

CBOE Withdrawals Van Eck Solid Bitcoin ETF Proposal From SEC Assessment

The Chicago Board Options Exchange’s BZX Equity exchange has decided to withdraw its proposal before the SEC. It seems like the Van Eck Bitcoin ETF will now never appears. In a notice published on September 17th, the SEC indicated that CBOE had withdrawn the VanEck/SolidX Bitcoin ETF on September 13th. There was no reason given… Read more

Capital Controls in Argentina Open the Door for Bitcoin

Amidst a turbulent year during which the Argentine fiat currency – the Peso (ARS) – has lost over half of its value against the U.S. dollar, the country has announced the enforcement of new capital control measures, limiting citizens’ and businesses’ freedom to buy foreign currency. As reported on September 1st, the central bank imposed… Read more

US Lawmakers Return From Switzerland Still Wary of Facebook’s Libra

US lawmakers visited Switzerland in a cryptocurrency-related delegation that has failed to alleviate concerns around Facebook’s Libra. Libra, the stablecoin Facebook hopes to launch was supposed to be managed by the Libra Association, formed by a list of invested companies and would be incorporated in Switzerland – one of the most crypto-friendly countries in the… Read more

ICO Rating Agrees to SEC Fine

Russian analytical agency ICO Rating has agreed to pay a heavy fine for its alleged violation of anti-touting provisions, the US SEC said in a statement released on Tuesday. The United States Securities and Exchange Commission (SEC) accused the Russian rating firm of failing to reveal that it collected payments to publicize digital asset offerings… Read more

The US Securities Exchange Commission Promises Clarity In Crypto Regulations To Entice Business

There is growing regulation for blockchain and digital assets across the globe, and as a result, crypto-enterprises are seeking refuge in regions that have lenient regulations. There has been a lack of clarity in the US on regulations regarding cryptocurrencies. Hester Peirce, a Commissioner at the US Securities Exchange Commission, indicated in an interview that… Read more