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CCN recently reported on the case of CoinFlux CEO Vlad Nistor. The Romanian bitcoin exchange executive has been arrested on suspicion of money laundering and other crimes and is currently fighting extradition to the United States. Earlier this week, CoinFlux posted to Medium.com to inform followers that they are unable to access parts of their
The post Romania Bitcoin Exchange CoinFlux Halts Activities after CEO’s Arrest appeared first on CCN
Blizzard (ATVI) revealed this week that it will be shifting developers from Heroes of the Storm, the multiplayer online battle arena (MOBA) game, to other teams within the company’s game portfolio. According to the announcement, Blizzard’s move to reduce its focus on Heroes of the Storm has significant ramifications for its esports plans. As a result, the […]
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In today’s edition of The Daily, we look at how the current bear market is facilitating consolidation in the global cryptocurrency industry. We also focus on recent calls by an intergovernmental organization to tighten up rules on virtual assets throughout the world, as well as a story about a small U.S. town that has banned cryptocurrency mining for a period of one year.
Also Read: Celebrity ICO Endorsers Face Legal Blowback Over Alleged Fraud
The U.S. Securities and Exchange Commission (SEC) announced on Thursday that it had obtained an emergency court order to halt an initial coin offering (ICO) that fraudulently claimed to have SEC approval. According to the complaint, which was filed under seal on Oct. 3, Blockvest LLC and its founder — Reginald Buddy Ringgold, III, aka
The post SEC Halts Fraudulent ICO that Falsely Claimed Regulatory Approval appeared first on CCN
The U.S. Securities and Exchange Commission (SEC) has halted trading of two foreign cryptocurrency investment products, including one that investors commonly referred to as the “Swedish bitcoin ETF.” SEC Leashes Bitcoin & Ethereum Investment Products The SEC announced the temporary trading suspension on Sunday, while U.S. markets were closed for the weekend, claiming that “there … Continued
The post SEC Halts U.S. Trading of Swedish ‘Bitcoin ETF’, Bitcoin Markets Not Impacted appeared first on CCN
Wells Fargo & Company, a San Francisco-based financial services giant, announced recently that it will no longer allow cryptocurrency purchases using its bank-issued credit cards.
U.S. financial services company Wells Fargo and Company has announced that it will no longer allow customers to use bank-issued credit cards for cryptocurrency purchases.
With this move, Wells Fargo joins the ranks of other major U.S. banks who have already prohibited the purchase of cryptocurrency with their credit cards — namely, JP Morgan Chase, Bank of America, and Citigroup.
The main concern, as expressed by a Wells Fargo spokesperson, lies within the high volatility of the cryptocurrency market:
Many government services in Atlanta, Georgia, a major metropolitan US city, were brought to a halt this week. Ransomware appeared on municipal computers, urging a payment of $ 51,000 in equivalent bitcoin, otherwise vital city functions would be shut down. The hackers made good on their threat, and services all over the city were impacted, including police. Into the weekend, the issue has not yet been resolved.
Also read: Bitcoiners Demand More Crypto CFDs and Spread-Betting in the UK
Hong Kong’s Securities and Futures Commission (SFC) has halted Black Cell Technology Limited from issuing its initial coin offering (ICO) in Hong Kong. Black Cell has agreed to distribute refunds to Hong Kong-based investors.
Also Read: Bittrex to Delist 82 Altcoins at End of March
Hong Kong’s SFC has ordered Black Cell to cease offering its ICO to investors based in the autonomous Chinese territory. The SFC has expressed “concerns that Black Cell had engaged in potential unauthorized promotional activities and unlicensed regulated activities.”
Regulators and banks in Thailand are slowly turning the screws on privately owned crypto exchanges operating within the Kingdom. Thai Digital Asset Exchange (TDAX) is the first to postpone registration and trading of new ICOs while it waits for a clearer regulatory framework from the Securities and Exchange Commission.
The move comes just a few days after one of the country’s leading banks halted transactions involving trading of cryptocurrencies with the TDAX. Bangkok Bank is the first financial institution in Thailand to take such action. Their reasoning is that the exchange is not in compliance with its business purpose as registered with the Commerce Ministry.
