“I’m not selling,” Makoto, a Japanese entrepreneur and XRP investor, told CoinDesk. Makoto first bought the digital token XRP in 2017, a year after its issuer, San Francisco-based Ripple Labs, launched a joint venture with one of Japan’s most respected financial services institutions, SBI Holdings Inc. Soon after, the popularity of XRP soared in Japan. …
Japan Rallies Behind XRP as Ripple Faces US Litigation Read More »
XRP’s double-digit gains could be the result of a bold bet by retail investors, especially those in Asia, that the cryptocurrency’s price could follow the broader crypto bull run. The latest rally surprised many because it is happening not long after XRP crashed on the news the U.S. Securities and Exchange Commission (SEC) filed a …
Asia’s Retail FOMO Could Be Behind XRP’s Rally Despite SEC’s Lawsuit Read More »
The U.S. Securities and Exchange Commission (SEC) ordered Tierion to pay back investors in its TNT tokens after finding the data verification startup’s $25 million initial coin offering (ICO) violated securities laws. TNT holders and ICO investors who sold their tokens at a loss have 60 days to ask Tierion for what is essentially a …
Tierion to Repay ICO Investors Up to $25M Plus Interest in SEC Settlement Read More »
Belarus’ Largest Bank Launches Cryptocurrency Exchange Service The largest bank in Belarus, Belarusbank, has reportedly begun providing a cryptocurrency exchange service, allowing customers to buy bitcoin using Visa cards. Belarusbank’s new cryptocurrency exchange service is in collaboration with bitcoin exchange service provider Whitebird, several local news outlets … read more. Bitpay Launches New Payroll Service …
Airbnb IPO Prospectus Says Future Success Means Adapting to Cryptocurrencies Read More »
On Wednesday, the Securities and Exchange Commission (SEC) announced the departure of William Hinman by the end of this year. Hinman joined the commission in 2017 and is currently the director of the SEC’s Division of Corporate Finance. He also spearheaded the SEC’s early work with digital assets, in which role he has made critical …
Bill Hinman, who spearheaded the SEC’s early crypto policies, is leaving the commission Read More »
As mentioned in the first and second parts of this story, on March 24, 2020, in a widely reported and closely followed decision, Judge Peter Castel imposed a sweeping preliminary injunction preventing Telegram from issuing its planned crypto asset, Grams. Shortly thereafter, the judge clarified his initial ruling by explicitly holding that the injunction applied …
SEC vs. Telegram: Part 3 — The extraterritorial reach of US securities laws Read More »
The U.S. Securities and Exchange Commission, or SEC, publicized legal action against another 2017 Initial Coin Offering, or ICO. Boon.Tech and Rajesh Pavithran, the project’s CEO, face fraud accusations from the commission, as well charges associated with securities registration, an Aug. 13 statement from the SEC detailed. The statement added: “According to the SEC’s order, from …
The SEC Has Charged An ICO Operator for Misrepresenting His Platform’s Technology Read More »
Kik’s proverbial day in court may last a lot longer than Telegram’s. That’s the takeaway from a federal judge’s response to the U.S. Securities and Exchange Commission during a hearing in its case against messaging platform Kik over the company’s 2017 initial coin offering, which raised $100 million. Judge Alvin K. Hellerstein, senior judge of …
Telegram’s Defeat Isn’t ‘Binding’ in Kik Case, Judge Tells SEC Read More »
Spacex Bitcoin Scam Features BTC Giveaway, Elon Musk, and NASA Launch A Spacex bitcoin scam has frequently appeared on Youtube, claiming to give away BTC. Its promo video features the recent Spacex launch with two NASA astronauts and an interview with Spacex and Tesla CEO Elon Musk. The scammers claim that … read more. Bitcoin-Friendly …
Bitcoin Mining Chip Manufacturer Ebang to List on Nasdaq This Week Read More »
Crypto-friendly commissioner with the U.S. Securities and Exchange Commission (SEC), Hester Peirce, said there is an increase in demand for cryptocurrency as investors seek to diversify their portfolios. The commissioner has been an avid proponent of the SEC approving bitcoin exchange-traded funds (ETFs). Growing Interest for Cryptocurrency SEC Commissioner Hester Peirce, also known in the …
SEC Commissioner Sees Increasing Demand for Cryptocurrency Read More »
