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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Block Ventures Announces Launch of Tokens and Securities Listing Platform

ICOs are Upgrading to STOs As the blockchain space continues to evolve, huge milestones are covered in order to reach new levels of stability. So far, we’ve seen the advent of smart contracts, the development of scalable blockchains, and an increased interest from institutional investors. Another important evolution includes the development of a security-type token…

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Dutch Financial Giants Partner to Test Blockchain Solutions for Securities Settlements | BTCMANAGER

Deutsche Bundesbank and Deutsche Börse recently announced they were joining forces to test blockchain-based solutions for securities settlement based on blockchain technology, as noted on a press release on October 25, 2018.  Dutch Banks Join Forces The two banks are going on trial to test the blockchain’s technical feasibility to be used for solutions that…

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Nissan Securities to Distribute Trading Technologies’ Trading Platform

Nissan Securities, a Tokyo-based futures execution and clearing member, will be using the futures trading platform of Trading Technologies International, Inc. (TT), a provider of professional trading software. The agreement was co-announced on Monday and will allow Nissan to expand its trade execution technology. This will be achieved by giving its clients access to the…

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Colorado securities commissioner Issued Cease and Desist Order

In the realm of cryptocurrency and ICO world, we hear regulators caught the scams and fake firms. As such, The Colorado Division of Securities issued cease and desist order to two crypto firms for not registering their coins as securities in the state. Since according to regulators, coins are treated as securities. Therefore it must…

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EU Securities Watchdog to Come up with ICO Regulations by End of 2018

ESAM Chairman, Steven Maijoor said they were examining how ICOs will fit into the existing regulations. They also analyzed how they will affect the fundraising sector in general. Regulators are assessing which ICOs come under existing securities rule one at a time. This decision by EU regulators comes less than a week after ESMA set…

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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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SEC Takes Action Against Two Crypto Firms

The agency announced two regulatory “firsts” this week. This week the SEC announced two enforcement actions in the cryptocurrency space. Both Crypto Asset Management LP (CAM), a cryptocurrency hedge fund, and TokenLot, an ICO platform, have been shut down by the regulators. Both actions are being described by the agency as being the first of…

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ASX Reports Uptick in Futures Trading in August 2018

The Australian Securities Exchange (ASX) published its monthly activity report for August 2018, on Wednesday. Overall the exchange saw an uptick in the number of contracts traded and daily average values, this is despite volatility being lower than in July of 2018. During August of 2018, ASX admitted nine new listings, five more than August…

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Securities and Exchange Board of India: Officials sent overseas to study cryptocurrency

Recently, the Securities and Exchange Board of India [SEBI] released its Annual report for the year 2017-2018. SEBI began as a non-statutory body in the year 1988. Currently, it is the most important statutory regulatory body in the country. SEBI received its statutory powers on January 30, 1992, after the Parliament of India passed the SEBI…

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Polymath Brings Automated Securities One Step Closer

If you’ve ever invested in an ICO, you know that one part of the investing process is still stuck in the twentieth century. After researching via invisible wireless networks, and deciding to invest with instant digital currency, you still have to wait days—or weeks—for someone to visually inspect a scan of your passport.  One blockchain…

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An Old Grifter Learns New Tricks: Oil Exploration Company Receives Rebuke For Its ICO

The SEC has issued a cease and desist order to Tomahawk Exploration for launching an allegedly fraudulent token sale and for failing to register securities. The Securities and Exchange Commission (SEC) announced it has issued a cease and desist order to Tomahawk Exploration and its principal David Laurance. The order bars the company from continuing to…

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Bank of Thailand Green-Lights Financial Companies for Crypto Activities

Thailand’s central bank has announced the rules under which financial institutions, including commercial banks, and their subsidiaries can engage in cryptocurrency activities. They include securities, asset management, and insurance firms. This follows the country’s crypto regulatory framework that went into effect last month. New Circular, New Rules Thailand’s central bank, the Bank of Thailand (BOT),…

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Exchanges Round-Up: Dcex Uses XRP as Base Currency, Blocktrade Enters Beta

In recent news regarding bitcoin exchanges, Dcex has launched a peer-to-peer cryptocurrency exchange that will use XRP as its base currency, ESMA regulated exchange, Blocktrade, has opened for beta testing, and Coinfield has announced a partnership with fee-free trading app Moongo. Also Read:Banks Don’t Really Want to Use ‘Blockchain’ for FX Settlement After All  Dcex…

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Rare: Bitcoin Mining Company Cleared of Wrongdoing by Regulator

The Securities Commissioner of South Carolina dismissed its previous order of nearly half a year ago against Genesis Mining. It’s rare, and some say this is a first for the state, as the Commissioner hasn’t previously withdrawn such an order. The company plans to resume services in the United States as a result. The case also…

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The Daily: US Presidential Candidate Accepts Bitcoin, Kickico Hacked – $7.7M Stolen

US presidential candidate, Andrew Yang (D), has announced that his campaign for the 2020 election is now accepting cryptocurrency donations. Also in the Daily, Chinese social network, Tianya, is about to issue a native token, and the Kickico project has been hacked – resulting in the loss of $7.7 million USD worth of tokens due…

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ICOs Account for Less Than 2% of US Securities Lawsuits

Cornerstone Research, a litigation consultancy firm, has released a report of ongoing class action lawsuits no the subject of securities in the US. It finds that cryptocurrency ventures make up only a tiny fraction of all complaints. Cornerstone Research is based in San Francisco and has eight offices in the US and the UK. It uses…

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SEC Postpones Deliberations on NYSE Arca Bitcoin ETFs

The United States Securities and Exchange Commission (SEC) has delayed deliberations on five bitcoin exchange traded funds (ETFs) that were filed with the SEC by NYSE Arca, Inc. Also Read: PR Specialists in the Russian Crypto Space Paid 10x the Average Salary SEC Consideration of NYSE Arca Bitcoin ETFs Postponed The SEC has announced that will…

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Coinbase Receives Regulatory Approval to List Securities Tokens

Although the company has made it clear it wants to add more currencies in the future, none of the names mentioned are securities. The potential addition of XRP, on the other hand, is a different matter. Ripple still faces a lot of legal scrutiny over its XRP token, although it remains to be seen how…

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