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

Crypto Visionary Erik Voorhees and Salt Lending Under Investigation by SEC Over ICO Offering

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… Read more

French Parliament Makes Moves to Lower Bitcoin Tax

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… Read more

IDEX Details its Stance on Navigating Industry Regulations

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… Read more

SEC Announces Hub to Engage with New Financial Technologies

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… Read more

SEC Fine Print: ETF Is Price Positive but May Not Align with Satoshi Vision

October 9, 2018  /  by Cathy Zollo
Recently, a law firm wrote a piece highlighting SEC enforcement actions against a crypto broker-dealer and hedge fund. The article is worth the trip to the printer, especially if you are following the SEC’s view on a BTC ETF. The very last lines in the footnotes of the article stand out: “An investment adviser is… Read more