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It’s been nearly one year since one of the world’s largest cryptocurrency exchanges was forced to shut its doors in the wake of a government-imposed trading ban. Now, that exchange, the formerly China-based OKCoin, is eying a comeback on the other side of the globe. Now headquartered in San Francisco, OKCoin’s U.S. offshoot announced on
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News of cryptocurrency investment fraud has hit the community again, as authorities of two U.S. states, Illinois and Arizona, have asked the Criminal Investigation Department (CID) in India to seize the property of several BitConnect promoters, per reports from the Times of India. BitConnect was an open-source cryptocurrency and an investment program accused of running
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Initial coin offerings (ICOs) may soon come under added pressure from government regulators in the United States following a recent ruling that classified two fraudulent ICOs as security sales. According to a breaking report by Bloomberg, U.S. District Judge Raymond Dearie in Brooklyn, New York, ruled that two ICOs conducted by Brooklyn resident Maksim Zaslavskiy would be classified as […]
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A U.S. District Judge in Brooklyn has delivered a landmark judgement with far-reaching implications for the initial coin offering (ICO) market. Judge Raymond Dearie of the U.S. District Court Eastern District of New York today ruled that U.S. securities laws cover ICO token sales. The ruling came in a case against a fraudulent ICO promoter
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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
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LinkedIn has been keeping its finger on the pulse of the United States’ most thriving startups, and crypto organizations are showing tremendous signs of life — and growth.
The business and employment social media site released its LinkedIn Top Startups list this Thursday, September 6, 2018. Split into two articles, the list details the U.S.’s most dominant startups, weighing each company’s worth with in-house data that looks at “employee growth; jobseeker interest; member engagement with the company and its employees; and how well these startups pulled talent from [the company’s] flagship LinkedIn Top Companies list.” To be eligible, companies could be no older than seven years and must have had at least 50 employees.
A majority of U.S. students want to take up a course on cryptocurrency and blockchain technology and twice the country’s average own cryptocurrency. Students Twice as Likely to Own Cryptocurrency as Average Person According to a recent nationwide survey of 675 students conducted by digital currency exchange Coinbase in partnership with Qriously, 18 percent of students said
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Mark Karpeles has urged a U.S. federal judge in the state of Illinois to dismiss a fraud lawsuit brought on by former customers of the now-defunct bitcoin exchange Mt. Gox, by insisting that the U.S. court has no personal jurisdiction over him in Japan. Representatives for Mark Karpeles told U.S. District Court Judge Gary Feinerman
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The Republic of Iran has revealed the details of its national cryptocurrency in response to the United States-led economic sanctions. According to Informatics Services Corporations (ISC), a central bank-affiliated body, Iran’s future cryptocurrency is backed by Rial and is developed on the Linux Foundation-led open-source Hyperledger Fabric technology. In contrast to decentralized cryptocurrencies such as Bitcoin that are issued
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The United States Securities and Exchange Commission (SEC) just put nine more bitcoin exchange traded funds (ETFs) on the chopping block.
In three separate orders issued on August 22, 2018, the agency nixed the proposals and contingent rule changes for ETF filings submitted by ProShares, GraniteShares and Direxion. Of these three, five proposals came from Direxion, while GraniteShares and ProShares filed two each.
Unlike past ETF filings, these funds intended to base their data on the bitcoin futures market, not the spot market. Given that the CBOE and CME offer these futures in a regulated trading environment, this structure would seemingly address the SEC’s biggest reservation for approving a bitcoin ETF; namely, that the underlying market is unregulated.
The junior United States Senator from Montana, Steve Daines, has warned that the planned closure of a coal power generator could harm the booming bitcoin mining business in the state. According to KULR-TV, all the four units of the Colstrip coal plant located in Rosebud County are expected to shut down by 2027. In Senator
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The United States Securities and Exchange Commission will reevaluate its recent round of bitcoin ETF rejections.
This Wednesday, August 22, 2018, the SEC denied 9 ETF proposals from ProShares, GraniteShares and Direxion in three separate orders. But consistent with a rule that allows the SEC’s Chairman and Commissioners to review decisions delegated to its staff, these disapproval orders are up for reviewal.
A letter written by SEC secretary Brent J. Fields to Eugene Schlanger of the New York Stock Exchange details the technicalities of this process:
After the US government made federal workers declare cryptocurrency holdings in June this year, filings have begun to emerge about which politicians own which coins.
In a federal disclosure report August 14, Hawaii Representative Tulsi Gabbard became the latest national political figure to do so, revealing she bought Ether (ETH) 00 and Litecoin (LTC) 00 in December 2017.
According to the report, the amount Gabbard purchased could lie anywhere between $ 1,001 and $ 15,000 for each cryptocurrency.
U.S. Rep. Tulsi Gabbard (D-HI) has become the second congressperson to disclose cryptocurrency investments, reporting holdings of both ethereum and litecoin. Virginia Republican Robert Goodlatte became the first lawmaker to disclose cryptocurrency holdings in May. Gabbard reported purchasing between $ 1,000 and $ 15,000 of both ETH and LTC in a financial disclosure report filed with the clerk of
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Cryptocurrency industry non-profit research and advocacy organization Coin Center is calling for Congress to enact legislation that will provide bitcoin investors with safe harbor on federal taxes incurred as the result of software forks. Writing in a post published on the Washington, D.C.-based organization’s blog, executive director Jerry Brito argued that cryptocurrency investors who have
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The U.S. Customs and Border Protection (CBP) has plans to use the blockchain technology to verify North American Free Trade Agreement (NAFTA) and Central American Free Trade Agreement (CAFTA) certificates According to American Shipper, the new trial will see the agency begin “live fire testing” a blockchain platform to certify imported goods originate from the
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At press time, bitcoin – the father of all crypto – is trading for just under $ 6,500. This is somewhat higher than where it was yesterday afternoon, and a positive sign that the market is moving forward.
There are a few things happening right now that are potentially affecting the bitcoin price. The first is the alleged halving the currency will undergo in the year 2020. As we all remember, bitcoin underwent a previous halving in August 2017 that gave rise to bitcoin cash, which some claim to be the “true” form of bitcoin. Allegedly, its blockchain is more advanced, offering faster transaction speeds and lower fees.
American investors can now invest in bitcoin Exchange Traded Funds (ETF) through an Exchange-Traded Note (ETN) called Bitcoin Tracker One on the Nasdaq Stockholm Exchange in Sweden, per a Bloomberg report.
The product, which started trading in 2015, is currently available to American investors despite being listed and regulated under Swedish law after being listed in U.S. Dollars for the first time on Wednesday, August 15, 2018.
Los Angeles-based cryptocurrency investment firm SFOX has raked in roughly $ 22.7 million in its Series A funding. The round was headed by venture platforms Social Capital and Tribe Capital and earned the participation of other firms like DCG, SV Angel, Blockchain Capital and Y Combinator.
SFOX caters specifically to professional traders, high net-worth individuals and institutions. As a prime dealer for cryptocurrency markets, the company provides access to global sources of trading and liquidity, real-time trading APIs, OTC desks and U2F hardware for private key management. The company’s transaction volume exceeds $ 9 billion, and its client base has grown 12-fold since January.
The long-anticipated bitcoin ETF has yet to materialize, but American investors seeking to gain exposure to the flagship cryptocurrency through their standard brokerage accounts now have a consolation prize. Bloomberg reports that Bitcoin Tracker One, an exchange-traded note (ETN) that has been listed on Nasdaq Stockholm since 2015, can now be traded in U.S. brokerage
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