SEC Hits EtherDelta Founder for Operating Unregistered Exchange

The U.S. Securities and Exchange Commission (SEC), the nation’s top securities regulator, has announced a settling of charges with Zachary Coburn, founder and former operator of decentralized cryptocurrency exchange EtherDelta. The Commission had charged Coburn with running an unregistered securities exchange. Also read: With Bitcoin Cash Fork Nigh, Community Braces for November 15th DEX Me Once, Shame…

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EtherDelta Founder Pays SEC $385,000 in Damages for Running an Unlicensed Securities Exchange

It would appear more trouble may be brewing for the cryptocurrency industry. Although there is still no official industry regulation in the United States, dark clouds are gathering over EtherDelta. Zachary Coburn, the founder of the platform, is charged by the SEC for running an unregistered securities exchange. ERC20 Tokens Are Always Risky No one…

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In EtherDelta Case, SEC Hints Most Ethereum Based Tokens are Securities

The U.S. Securities and Exchange Commission (SEC) has officially charged Zachary Coburn, the founder of cryptocurrency exchange EtherDelta, for operating an unregistered securities exchange. The regulatory agency’s move to charge Coburn comes amidst a greater trend of increasing regulation over the cryptocurrency industry. In a press release today, the SEC announced that the charges against Coburn are…

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Decentralized Exchange IDEX Hits $13 Million a Day While Etherdelta Falters

The Myspace/Facebook analogy has been gratuitously overused, yet it aptly describes Etherdelta and IDEX. The former was once the only decentralized exchange in town, a hub of ERC20 tokens bolted to a barely usable interface. Then Etherdelta (ED) got hacked and launched a pointless ICO. While ED floundered, IDEX assembled a user-friendly alternative that was…

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