Wyoming Leads the Way on Cryptocurrency Legislation: Crypto is Money

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… Read more

Chat App kik (KIN) Fighting Back Against Possible SEC Enforcement

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… Read more

U.K. Regulators Initiate Win for Crypto Utility Token Classification; Other Countries Fast Eclipsing U.S. as a Crypto Leader

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),… Read more

VanEck SolidX Bitcoin (BTC) ETF Has Been Withdrawn After Eight Months of Delays

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a statement today, indicating that the application for the VanEck SolidX Bitcoin exchange traded fund (ETF) has been withdrawn.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… Read more

No Launch Date In Sight For Bakkt Physical Bitcoin (BTC) Futures

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… Read more

Ethereum ICO Funds Liquidation Reaches All-Time High as December Ends

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… Read more

Defacto Crypto Rules: SEC Hasn’t Approved an ICO, Making Them Effectively Illegal; Shares an Alternative

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… Read more

Could Crypto Rally Incite a Wave of SEC Enforcement and a Crypto Market Pullback?

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… Read more

Polymath (POLY) Countering China’s Stance on Security Token Offerings (STOs)

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… Read more

SEC Delays Approval of The VanEck SolidX Bitcoin ETF Despite Strong Public Support

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… Read more