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SEC Suspends Trading of XBT Provider’s Bitcoin Exchange-Traded Product

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The U.S. Securities and Exchange Commission has suspended the trading of two XBT Provider products: Bitcoin Tracker One and Ether Tracker One. The agency attributes “a lack of current, consistent and accurate information” which leads to “confusion amongst market participants” as the reason. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals SEC … Read more

Regulations Round-Up: Tokenized Securities in Singapore, China Warns of Illegal Fundraising

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In recent regulatory news, Chinese authorities have issued a warning seeking to encourage citizens to be skeptical regarding the promotional claims of illegal fundraising schemes operating with cryptocurrencies, Singapore Exchange and the Monetary Authority of Singapore have partnered with Anquan, Deloitte, and Nasdaq to settle tokenized securities using distributed ledger technology, and Hungary’s finance ministry … Read more

90% of Corporate “Blockchain” Pilots Will Never Materialize, Researchers Say

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If you have been following the mainstream financial press, and even some cryptocurrency news sources, you could not have missed the hype around the so called “Blockchain”. It feels like every day another established company claims to be testing using the technology to disrupt its own industry. In reality, however, it seems that the overwhelming majority … Read more