China Not Banning The Crypto Mining Industry, For Now At Least

November 6, 2019  /  by Crypto.IQ
The National Development and Reform Commission (NDRC) of the People’s Republic of China has sway over which industries to encourage, which industries to regulate, and which industries to eliminate. In April the NDRC caused a stir in the crypto space by adding virtual currency mining to the industries that will be eliminated. The NDRC then… Read more

Founder Of ATM Coin And Blue Bit Banc Gets 86 Months in Prison and $4.5 Million of Fines for Fraudulent Binary Options Scheme

November 5, 2019  /  by Crypto.IQ
The United States Commodity Futures Trading Commission (CFTC) brought the hammer down on Blake Harisson Kantor, Nathan Mullins and five related corporations including Blue Bit Banc, Blue Bit Analytics, Mercury Cove, Blue Wolf Sales Consultants, and Thomas Client Services.  Apparently, the defendants solicited investors to buy binary options, where investors would be paid predetermined amounts… Read more

Crypto-Anarchist Movement Paralelní Polis Warned by Central Bank of Czech Republic for Using the Word Coin to Describe Physical Bitcoins (BTC)

November 4, 2019  /  by Crypto.IQ
The Czech National Bank, which is the Central Bank of the Czech Republic, has sent an official threat to the crypto-anarchist movement Paralelní Polis for using the word coin to describe their series of unique physical Bitcoins (BTC). If the word coin is not removed from their website Paralelní Polis will receive a fine.  According… Read more

Facebook CEO Admits to Legislators That Libra Is A “Risky Project”

October 25, 2019  /  by Crypto.IQ
Mark Zuckerberg, the CEO of Facebook, appeared before the House Financial Services Committee to give insight into the company’s dealings. The members of Congress grilled the CEO raising their concerns regarding the company’s cryptocurrency project.   Libra is a risky project Zuckerberg admitted on Wednesday that Libra was a ‘risky project’ but wanted to assure lawmakers… Read more

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

October 14, 2019  /  by Crypto.IQ
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

October 11, 2019  /  by Crypto.IQ
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

October 3, 2019  /  by Crypto.IQ
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

October 2, 2019  /  by Zachary Mashiach
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

October 2, 2019  /  by Crypto.IQ
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

September 20, 2019  /  by Crypto.IQ
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