Monthly Archives: September 2018

IMF Urges Marshall Islands to Reconsider Adopting Digital Currency as Second Legal Tender

The IMF has warned the Marshall Islands about the risks of adopting a digital currency as a second legal tender, urging it to “seriously reconsider.” The International Monetary Fund (IMF) has warned the Republic of the Marshall Islands (RMI) about the risks of adopting a cryptocurrency as a second legal tender, according to an official press release published on September 10. In the report, the U.S.-based agency backed by the United Nations addresses the government of the Republic of the Marshall Islands, stating that the introduction of […]

More info

US Authorities Ask India to Seize Property of Bitconnect Promoters

The authorities of two U.S. states have reportedly asked Indian officials to seize the property of the promoters of Bitconnect since citizens of their states have invested in the company and lost money. One promoter has already been arrested and the investigators are tracking down another promoter. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space US States Want Bitconnect Promoters’ Property Seized The authorities of the U.S. states of Illinois and Arizona wrote to India’s Criminal Investigation Department (CID) officials in the state of Gujarat, “asking […]

More info

Malta Stock Exchange and Binance to Launch Tokens Platform

MSX PLC, the digital asset arm of the Malta Stock Exchange, has signed a Memorandum of Understanding (MoU) with Binance to launch a digital exchange for trading security tokens, per its press release. The MoU follows Binance’s decision to continue its operations on the island in recognition of the country’s favorable crypto climate. Earlier in July 2018, the Malta Stock Exchange (MSE) launched the MSX PLC as an investment vehicle that seeks partnership with leading crypto exchanges to create joint ventures in the country. At the time […]

More info

Unconfirmed: UAE Preparing to Adopt Formal ICO, Fintech Regulations, Local Media Report

The United Arab Emirates’ fintech and ICO regulation agreed upon in July will shortly become law, local media report. The United Arab Emirates (UAE) has approved a draft of regulations governing Initial Coin Offerings (ICO), local media outlet WAM reported Sunday, September 9 citing government sources. The reported move comes in addition to lawmakers in the country adopting plans for a regulatory sandbox aimed at attracting greater fintech activity. “The sandbox will act as an environment that attracts innovators to test innovative products, services, solutions and business […]

More info

Russian Central Bank Reportedly Conducted ‘Successful’ ICO Trial

A Russian Central Bank representative during a forum has announced that the bank has “successfully” conducted an experimental ICO. An official from Russia’s central bank has revealed that the bank has recently conducted a “successful” experimental Initial Coin Offering (ICO), as cited by local news agency TASS Tuesday, September 11. Ivan Semagin, deputy director of the Financial Market Development Department for the Bank of Russia, told TASS: “Within a framework of the central bank’s sandbox, we conducted an experimental ICO on the basis of our existing infrastructure. […]

More info

The Crypto IPO Race Is On: From Mining Companies to Exchanges

Last week, at least two crypto companies stepped along the IPO path. Last week, at least two crypto-related enterprises, a Silicon Valley stock and cryptocurrency trading platform Robinhood and Singapore-based crypto exchange Huobi, moved closer to going public by holding an initial public offering (IPO). The ‘old school’ way to collect investments might seem especially attractive in the context of mass adoption trends and a declining ICO market, which now sees its hardest slump in 16 months. But what is an IPO exactly, and which crypto-related companies […]

More info

Bitcoin Cash Hard Fork Debate Reconvenes After the Stress Test

Over the last few weeks, there’s been a heated discussion within the Bitcoin Cash (BCH) community concerning the scheduled November 15 hard fork. There’s a strong disagreement between the BCH development teams, Bitcoin ABC, Nchain, and Bitcoin Unlimited in regard to the hard fork’s upcoming consensus changes. Fast forward to this week as Nchain has published the Bitcoin SV beta release, Coingeek’s Calvin Ayre speaks out against chain splitting rumors, and there have also been a few insightful studies done on Bitcoin ABC’s proposed canonical transaction ordering […]

More info

Ripple and R3 Reach Settlement in Year-Long Court Case

A year-old legal battle between two of the crypto industry’s leading organizations is coming to a close. After a volley of countersuits that had the companies jumping from courthouse to courthouse, Ripple and R3 have brokered a settlement that will put the drama to rest. The terms of the settlement, however, are being kept under wraps by both parties. The legal proceedings date back to July of 2017 when R3 accused Ripple and Brad Garlinghouse of breaching an agreement that would allow R3 to purchase 5 billion […]

More info

A New Precedent: FINRA Charges Crypto Founder With Securities Fraud

The Financial Industry Regulatory Authority (FINRA), a non-profit watchdog for public brokerage firms in the U.S., has had its first run-in with the cryptocurrency industry. The self-regulatory organization is filing a complaint against a Massachusetts man for “the unlawful distribution of an unregistered cryptocurrency security called HempCoin.” Timothy Tilton Ayre, FINRA alleges, illegally associated sales in his publicly traded company, Rocky Mountain Ayre Inc. (RMTN), with the marijuana industry token. Allegedly purchasing the rights to HempCoin in June of 2015, Ayre rebranded the coin as an RMNT-backed […]

More info

Breaking: New York Judge Rules Securities Laws Can Apply to Cryptocurrencies

A New York federal judge has ruled that a case of alleged crypto fraud falls under the Securities Exchange Act. In what appears to be the first U.S. court case to address the matter, a New York federal judge has ruled that U.S. securities laws are applicable for prosecuting crypto fraud allegations, Reuters reports September 11. U.S. District Judge Raymond Dearie ruled that the case against Brooklyn resident Maksim Zaslavskiy, which alleges that he defrauded investors in two cryptocurrencies reportedly backed by real estate and diamonds, can […]

More info
1 2 3 5