WSJ: ETH Now In A ‘Gray Zone’, But 2014 ICO Was Likely An ‘Illegal Securities Sale’
Federal regulators are undecided as to whether or not Ethereum (ETH) should be classified as a security, the WSJ reports #NEWS Go to Source Powered by WPeMatico
DIGIT
Coinbase Valuation Jumps from $1.6 Billion to as High as $8 Billion
The meteoric price rally by bitcoin in 2017 has made a lot of people very rich, and perhaps no one more than the owners of the trading venues themselves. Coinbase, which was valued at around $1.6 billion less than a year ago, is now priced at $8 billion by its investors. Also Read: Bitcoin … Read more
Banks And Cryptocurrencies Global Evaluation: Americas
Let’s continue evaluating banks and crypto – this time in the Western hemisphere #ANALYSIS Go to Source Powered by WPeMatico
Quantstamp Successfully Audited All of Binance’s ERC20 Tokens
In the world of smart contracts and ERC20 tokens, independent audits should have been the norm by now. So far, that has not been the case, yet companies such as Quantstamp are trying to make a positive impact in this area. The company recently conducted a security audit of Binance’s ERC20 tokens, and found no real issues to speak of. … Read more
This Guy Is Fighting a Legal Battle with the CFTC over Bitcoin Classification
A few months ago the U.S. Commodity Futures Trading Commission (CFTC) charged a Staten Island-based company called Cabbage Tech with ‘fraud and misappropriation’ of funds based in Bitcoin and Litecoin. According to the CFTC, it revealed it had charged Patrick McDonnell and his company Cabbage Tech for crimes associated with allegedly promising big returns on … Read more
SBI Holdings Seeks to Launch its Cryptocurrency Exchange This Summer
SBI Holdings has made its intention to enter the cryptocurrency industry pretty clear in the past twelve months. The group intended to launch a cryptocurrency exchange in late 2017, but those plans were postponed in the end. It now seems the company has updated its original plans, as the launch of their exchange will still be … Read more
Belarus: Some Crypto Exchanges Will Be Required To Hand Over Customer Data, Report Says
Local sources say that a decree designed to bring in crypto business will be revised to add customer info disclosure requirements #NEWS Go to Source Powered by WPeMatico
Bitcoin Price Watch – Currency Drops to $8,900
Bitcoin has fallen by roughly $400 and is now trading for $8,900. Yesterday, we discussed potential resistance between the $9,000 to 9,300 range, and now that speculation is crossing into reality, though it’s unclear if the currency is slated to stay here for much longer. Prior to the drop came a bitcoin trading ban in … Read more
Iran Forges Ahead with Its Experimental National Cryptocurrency
Various central banks have shown a keen interest in creating their own digital currencies. Doing so is very different from drafting a whitepaper about it. It now seems most countries have put those plans on ice indefinitely, though Iran is an exception. That nation has decided to experiment with a new cryptocurrency, even though the trading of actual … Read more
SEC Official Criticizes State of ICO Industry, Open to Regulated Future
United States Securities and Exchange Commission (SEC) commissioner, Robert Jackson, has expressed his belief that initial coin offerings (ICOs) will be legitimized under existing securities legislation. Despite the optimistic outlook, the commissioner has criticized the current state of the ICO industry. Also Read: Taxis Take BCH, Stores Sell BTC in the Russian City of Rostov SEC … Read more