China: WeiyangX Fintech Review

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Financial Authorities Ban STOs in Beijing On December 1st, at the 2018 Global Wealth Management Forum, Huo Xuewen, director of the Beijing Municipal Bureau of Financial Work, warned that STO activities in Beijing would be seen as illegal. He said: “A new concept called STO… Read More

PumaPay Announces Crypto-to-Crypto Conversion Feature

PumaPay announced last week it is now offering crypto-to-crypto conversion in the PumaPay Cryptocurrency Wallet. PumaPay reported that with the latest update, in addition to exchanges, PMA may now be converted right int he wallet. This process can notably be done straight in the wallet app’s Android version, with… Read More

Ontario Securities Commission Now Seeking Applications for Fintech Advisory Committee

The Ontario Securities Commission (OSC) announced last week it is seeking applications for membership on its Fintech Advisory Committee (FAC). The OSC reported the FAC advises the OSC LaunchPad staff on developments in the fintech space and the challenges faced by start-ups in the securities industry. It… Read More

Chinese Crypto Miner Favouring “Financial” Over “Factory” Approach in Current Bear Market

At least one Chinese cryptocurrency miner is taking a creative financial approach to surviving “Crypto Winter” -the bear market currently punishing crypto prices to some of their lowest levels in over a year, 8BTC reports. Jin Xin, for example, “an ordinary Chinese miner,” is taking a… Read More

Is this Initial Coin Offering that May Have Raised $158 Million Running Out of Money?

An initial coin offering (ICO) that apparently raised $158 million is running out of money, according to a recent tweet. The statement was quickly denied by Sirin Labs CEO Moshe Hogeg who claimed they only raised 205,000 ETH – currently worth about USD $20 million…. Read More

Israel Tax Authority Hunting Undeclared Crypto Profits

Over the past two weeks, the Israel Tax Authority has opened tax accounts for hundreds of Israelis it believes failed to report profits from cryptocurrency investing, Calcalist reports. The authority is also striking deals with Israeli crypto exchanges obliging them to report big transactions. Notices… Read More

Chinese Internet Court Claims It Will Use Blockchain to Protect Writers’ Intellectual Property

An “Internet court” in Hangzhou in Eastern China will soon allow evidence logged on blockchains (or distributed ledgers) to be admitted in cases of alleged infringement on a writer’s copyright, China.org reports. The Hangzhou court is one of three Internet courts recently established in China to… Read More

Brazilian Bitcambio Crypto Exchange Accidentally Sends $35 Million to Customer Withdrawing $129

After making a fairly routine request on the 10th of November to withdraw 500 reals ($129 USD) from his cryptocurrency exchange account at Bitcambio, Kaique Nunes wondered why the exchange was making so many repeated attempts to contact him. “Earlier last month, I issued some… Read More

Noted Columnist Discusses Contraction at ConsenSys, Ethereum’s Largest Consortium

Laura Shin, an independent journalist known for breaking an important story about deception by “blockchain” scions in Toronto, recently spoke to her former colleague at Forbes, Jeff Kauflin, on a podcast convened to discuss layoffs and business structure problems at ConsenSys, one of Ethereum’s biggest spin-off companies…. Read More

Reg CF Dips in November Following Strong October

Following a relatively strong October, Reg CF (Regulation Crowdfunding) crowdfunding dipped by almost half, according to the monthly StartEngine Index. In October, companies raising money under the securities exemption raised $10.6 million a – record month. In November, companies raised just $5.6 million – a significant decline. StartEngine hypothesizes that Thanksgiving,… Read More

SEC Enforcement Co-Director Emphasizes Importance of International Cooperation to Combat ICO Fraud

Steven Peikin, Co-Director of the SEC’s Division of  Enforcement, told an audience at Harvard Law School this week that, given the increasingly cross-border nature of ICO and securities fundraising, “Collaboration with international regulators and law enforcement is critical to the SEC’s civil law enforcement success.”… Read More


SEC Shuts Down Unregistered CoinAlpha Crypto Fund

The SEC has settled with CoinAlpha Advisors LLC, a Delaware-registered, California-based company the Commission says sold a cryptocurrency investment fund product without registering with the SEC or qualifying for a securities exemption. According to the cease-and-desist order issued Friday, December 7th, CoinAlpha Advisors formed in… Read More

SEC Delays VanEck Bitcoin ETF Decision until February

The US Securities and Exchange Commission (SEC) has granted itself an additional 60 days to consider allowing a rule change that would permit the Cboe BZX exchange and VanEck to list a “SolidX Bitcoin ETF” stock. In so doing, the commission will take the full… Read More

Overfunding: Plug Socket Brand Den Returns to Seedrs & Quickly Secures £810,000 Funding Target

Just a little over six months after securing more than £1.1 million through its first Seedrs round, plug socket brand Den has returned to the equity crowdfunding platform and quickly raised its initial £810,000 funding target. As previously reported, Den was founded in 2013 and describes… Read More

Payment Network UATP Teams Up With Chase to Allow Airlines to Accept Chase Pay

UATP, a U.S.-based airline-owned payment network, announced on Friday it has partnered with Chase to allow airlines to easily accept Chase Pay as a payment and checkout option in their own mobile apps and websites by enabling a network-wise connection. The duo reported that Chase customers may… Read More

Coinbase Continues to Pursue Addition of More Digital Assets that are “Fully Compliant with Local Law”

thought-catalog unsplash Bitcoin Ethereum Cryptocurrency

Coinbase announced today its intent to explore the addition of a “broad range of assets.” Coinbase has consistently stated its intent to add more digital assets over time. The company said its goal is to support digital assets that meet their standards and are “fully… Read More

Venezuela Plans to Sell Oil for Petro Virtual Currency in March

Venezuela will begin selling oil using its newly-created national cryptocurrency, El Petro, in March,”…in order to expand the modalities of commercial transactions and revenues…” state media outlet Telesur reports. Venezuela is also explicitly seeking a means of sidestepping escalating rounds of US, EU and Canada-imposed… Read More

Canadian Exchange Coinsquare Acquires BlockEQ to Expand Cryptocurrency Offerings

Canadian cryptocurrency Coinsquare announced on Thursday it has acquired BlockEQ, a cryptocurrency wallet on the Stellar network. Coinsquare reported that it purchased BlockEQ for CAD$12 million and will use BlockEQ’s technology to help it and its users connect further with the world of cryptocurrencies. It was revealed: “BlockEQ,… Read More

SEC Publishes Agenda for Upcoming Government-Business Forum on Small Business Capital Formation

The Securities and Exchange Commission (SEC) has just published the agenda for the 2018 Government-Business Forum on Small Business Capital Formation. An annual event, this year’s Forum will take place in the Heartland of Ohio hosted by Ohio State University, Max M. Fisher College of… Read More

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