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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Morgan Stanley Report Shows Strong Institutional Investment for Bitcoin

On October 31, multinational investment bank and financial services company, Morgan Stanley, released their latest report on Bitcoin. The report, entitled “Update: Bitcoin, Cryptocurrencies and Blockchain,” stated that Bitcoins and altcoins have constituted a “new institutional investment class” since 2017. In comparison to Morgan Stanley’s 2017 report on Bitcoin, their 2018 outlook is bullish. The…

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SEC Report: Reducing Cryptocurrency Scams Among Their Top Priorities

In the U.S. Securities and Exchange Commission’s (SEC) latest annual report, the regulatory authority explained that reducing the number of cryptocurrency-related scams is currently among their top priorities. The report specifically cites initial coin offerings (ICOs) as one such sector of the industry that they are focusing on. The report comes amidst an exponential increase in crypto-related…

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The Daily: SEC Ramps Up Enforcement, 60% of Smart Contracts Are Dormant

In Saturday’s edition of The Daily, we take a look at the SEC’s annual report, which reveals where cryptocurrencies sit on their radar. We also consider the fate of dormant smart contracts, 60% of which have never seen use according to a new report. All that plus the reaction to Coinbase’s latest token listing, which…

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Bithumb Joins SeriesOne for a Compliant Security Token Exchange in the U.S

Photo: Bithumb / Facebook After being hacked for as much as $31 million, the notorious cryptocurrency trading platform Bithumb seems to recover from their latter misfortunes as the exchange has been expanding a partnership network focusing on the today’s hottest trend, a security token. It became known that the other day South Korean exchange has…

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Wu-Tang Clan are Releasing a Cryptocurrency in Honor of Ol' Dirty Bastard

The seminal hip-hop group plan to honor the legacy of deceased group member Ol’ Dirty Bastard by releasing a cryptocurrency bearing his name. The Return of the WU 25 years ago as Wu-Tang Clan dominated the U.S. hip-hop scene, they proudly proclaimed that “The Wu-Tang Clan ain’t nothing to f*ck with” and in 2018 it’s…

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Bakkt Bitcoin Futures to Start Trading in December

Intercontinental Exchange has announced that its Bakkt Bitcoin Daily Futures Contract will start trading on Dec. 12. Each trade “will result in physically delivered bitcoin” and will trade in U.S. dollar terms, the firm explained, adding that one contract will be listed for trading each exchange business day. Date Set for Bakkt Bitcoin Futures Intercontinental Exchange…

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SEC Commissioner: Bitcoin ETF Applicants Should Focus on Liquidity, Custody, Market Surveillance

Even amid bearish market conditions, the regulatory status of crypto assets remains a hot-button topic, as global governments attempt to discern how to best approach this emerging market. Leading the charge for fair regulation is arguably the U.S. Securities and Exchange Commission (SEC), which has done its best to protect investors from unwarranted financial risk,…

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SEC Launches FinHub to Engage with ICO and Other FinTech Startups

In a welcome development for blockchain and cryptocurrency firms, the U.S. securities regulator has launched its Strategic Hub for Innovation and Financial Technology (FinHub). SEC Announces FinHub The U.S. Securities and Exchange Commission (SEC) has announced the launch of FinHub, its Strategic Hub for Innovation and Financial Technology. The announcement was made earlier through a…

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PR: Roger Ver Joins Azbit Crypto Exchange Advisory Board

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. We are elated to announce that Roger Ver, CEO of…

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XRP is a currency, not a security; former SEC member reveals the reason

Michael Didiuk, a former employee of the US Securities and Exchange Commission [SEC] spoke about XRP, stating that the cryptocurrency is not a security but rather a currency. He also gave an appropriate justification for his statement. Didiuk mentioned the Howey test laid out by the Supreme Court in 1946 determines whether an asset is…

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Crypto Exchange Bakkt CEO: Right Regulation Could Help Market Flourish

Kelly Loeffler, head of the upcoming US trading platform, made the remarks during the ongoing CFTC fintech conference in Washington. The right level of regulation can go hand-in-hand with and help new technologies like cryptocurrency, Kelly Loeffler, the chief executive officer (CEO) of forthcoming US cryptocurrency exchange Bakkt, said on Wednesday. Loeffler was one of…

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CANLI YAYIN – SEC KARARINI, BITCOIN’İ, ALTCOIN’İ, KRİPTO PARA PİYASASINI KONUŞUYORUZ

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Two Bitcoin (BTC) Solicitors Charged by US CFTC for Fraud

Both defendants misled investors and forged CFTC official documents, the regulator has claimed. US Commodity Futures Trading Commission (CFTC) has filed a lawsuit against two Bitcoin (BTC) solicitors, Morgan Hunt, and Kim Hecroft, for alleged attempt to steal BTC coins from investors, the Commission said on Friday. Hunt from Texas and Hecroft form Maryland misled…

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Arrington XRP Capital Fleeing US in Reaction to Unfriendly SEC

Arrington XRP Capital, the hedge fund created by TechCrunch founder and crypto enthusiast Michael Arrington, considers move to Asia, outraged by SEC’s second subpoena. Michael Arrington, a prominent crypto investor and founder of popular online portal TechCrunch, announced that his Arrington XRP Capital hedge fund would stop investing in tokens on US territory and most…

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'Pivot to Asia,' says Arrington After SEC Subpoena

Noted Crypto investor Michael Arrington announced in a tweet on Friday that his firm Arrington XRP Capital is no longer investing in U.S. token deals. The news comes after the firm received its second subpoena from the SEC. Arrington states that the subpoena was seeking information regarding the firm’s role as an investor in a US…

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SEC Charges 1Broker With Securities Fraud as FBI Seizes Domain

Government agencies are cracking down on companies who are involved in cryptocurrency. In virtually every case, that is a direct result of said companies not following the necessary guidelines in terms of registered with the proper agencies and filling out the necessary paperwork. 1Broker, the popular Bitcoin futures firm, has had its domain shut down…

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TechCrunch Founder Shuns US, Congressmen Demand Clarification From SEC, Battlegrounds Laid For the Fight at Capitol Hill

Michael Arrington, TechCrunch founder named by the TIME Magazine as one of the most influential people in the world in 2008, has stated he will shun US over SEC’s behavior regarding ICOs. Arrington said: “We received a second subpeona from the SEC, again collecting information from us as investors in a U.S. company. The legal costs of…

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Bitcoin (BTC) Price Watch: Reversal Pattern Confirmation on SEC Order

Bitcoin Price Key Highlights Bitcoin price looks ready to confirm its double bottom reversal formation as it tests the neckline. A break higher could lead to a rally that’s the same height as the chart formation, which spans $6,100 to $6,650. Technical indicators, however, are reflecting bullish exhaustion. Bitcoin price could be due for an…

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