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According to reports, the founders of the now-defunct crypto hedge fund Three Arrows Capital (3AC) are seeking to raise $25 million from investors to start a new crypto exchange called GTX. This solicitation for new capital comes after 3AC co-founders Su Zhu and Kyle Davies were subpoenaed over the social media platform Twitter. Pitch Deck […]Powered by WPeMatico
Following Voyager Digital’s application for bankruptcy protection during the first week of July, Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board today issued a joint letter to the company demanding a cease and desist against Voyager’s FDIC claims. The FDIC’s letter explains that Voyager’s FDIC claims are false and misleading, and the entity […]Powered by WPeMatico
A lawsuit has reportedly been filed in South Korea against a local cryptocurrency exchange over its price-pumping schemes involving token issuance. The suit alleges that Cashierest’s token which pays dividends and rebates transaction fees to investors violates the country’s capital markets law. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals The Lawsuit South […]
The post Korean Crypto Exchange Sued for Controversial Token Schemes appeared first on Bitcoin News.
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The South Korean Communications Commission has conducted a survey of major cryptocurrency exchanges in the country and found them to have insufficient customer data protection. Eight exchanges have been sanctioned, with 30 days to resolve their issues and safeguard their systems. Also read: Cryptocurrency Activities Will Be Legal and Tax Free in Belarus Starting in March […]
The post All Major Korean Cryptocurrency Exchanges Fail Privacy Tests – 30 Days to Improve appeared first on Bitcoin News.
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We have seen quite a few complaints involving ICOs in the past few months. Especially in the US, there is genuine concern as to whether or not most of these tokens are securities. It appears someone has filed a complaint against the Centra ICO, which garnered a lot of attention thanks to Floyd Mayweather Jr.’s involvement as a promoter. This development will certainly be interesting to keep an eye on. Centra ICO is in Hot Water It was only a matter of time until some of the more prominent ICOs faced legal scrutiny from the SEC. There have been a lot of successful projectsPowered by WPeMatico