Cali Haan

New York Securities Regulator, NYDFS, Hiring Deputy Superintendent to Oversee Cryptocurrency/DLT Research and Innovation

The New York Department of Financial Services (NYDFS), the body responsible for regulating securities in New York, is hiring another Deputy Superintendent for Virtual Currency to help helm department’s newly created Research and Innovation Division for fintech, cryptocurrencies and DLT. The Deputy Superintendent will maintain,… Read More

Missouri Issues Cease and Desist Orders Against Mavixbtc Crypto Brokerage

The Missouri Securities Division under Secretary of State Jay Ashcroft has issued cease and desist orders against an entity called Mavixbtc, which allegedly, “offers (cryptocurrency) brokerage and investment advisory services when it is not registered…” According to a release from the Secretary of State’s Office:… Read More

Ethfinex Rebrands, Cuts Ties With Troubled Bitfinex Exchange

Ethfinex, a “trustless” cryptocurrency exchange for trading ERC-20 tokens is cutting ties with parent company iFinex and related exchange Bitfinex and rebranding as an independent entity called “DeversiFi.” Will Harborne, who oversaw Ethfinex and is now CEO of DeversiFi told The Block,“This is more than… Read More

Ohio Suspends Bitcoin for Tax Payments Program, OhioCrypto.com

Robert Sprague, appointed as Ohio’s new Treasurer in January, has announced the suspension of OhioCrypto.com, the state’s cryptocurrency tax payments portal. The decision was reportedly made following standard due diligence reviews conducted by staff when Sprague took over from his predecessor, Josh Mandel. Mandel authorized… Read More

Report: Prominent Libra Association Members Now Hesitant About Officially Endorsing Facebook’s Currency Project

Officials at Visa, Mastercard, PayPal, and Stripe are reportedly hesitating now about officially signing on as members of the Libra Association, a governance consortium assembled by Facebook to advise on its proposed private, in-app currency system, Libra. The 28 current members of the Libra Association are reportedly being asked… Read More

Japanese Securities Firms Form Security Token (STO) Self Regulating Body

Representatives from Monex, SBI Securities, kabu.com Securities, Daiwa Securities, Nomura Securities and Rakuten Securities have formed the “Japan Security Token Offering Association” to self-regulate and advocate for security token offerings (STOs) in Japan. According to an announcement from Monex, “the Japan STO Association primarily works… Read More

Enough Delays: New York Attorney General Asks That Crypto Exchange Bitfinex Be Ordered to Have Records Ready If Company Loses November Appeal

New York Attorney General Letitia James has asked a New York judge to order crypto companies iFinex, Bitfinex and Tether to have records ready and on hand, if they lose their November 4th appeal: “(T)he OAG respectfully requests that this Court…(to) issue an order that… Read More

Banking Advisors to US Federal Reserve Say Private Currencies Like Libra Pose Risks

Banking advisors to the US Federal Reserve have warned that Facebook’s proposed private currency network, Libra, will disrupt conventional banking and could function as a “shadow banking” system if not properly regulated. They also warned that, “In extremis, alternative currencies could usurp the prudential authority… Read More

Korean Crypto Exchange Coinone Ordered to Compensate Customer Who Lost Funds in Hack

South Korea Flag

Coinone, a popular cryptocurrency exchange in Korea, has been ordered by a judge in Seoul to pay 25 million won (~$20 780 USD) to a customer who had his exchange accounts drained in a hack. According to Chosun IT, this is Korea’s first case of a… Read More

Siacoin Makers Settle with SEC, Pay $225K Fine for Issuing Unregistered Securities

Without admitting or denying anything, Nebulous, a company that raised $120,000 USD in two early-days digital token sales, has settled with the SEC and agreed to pay approximately $225,000 USD in disgorgements and penalties. Nebulous maintains the Sia Network, a “decentralized cloud storage platform…more robust… Read More

Prominent Crypto VCs Back SKALE Sidechain System for Ethereum

Developers of the “SKALE Network,” a system of Ethereum-compatible sidechains designed to support the Ethereum network, have received $17.1 million from VCs supporting  the system’s mainnet launch. Sidechains move business off main blockchains like Bitcoin and Ethereum, which can become congested and expensive to use… Read More

President of European Central Bank Nixes Digital Currency for Estonia, “Currency of Eurozone is Euro”

The president of the European Central Bank, Mario Draghi, has proscribed Estonia’s plan to issue a state-managed digital currency (or Central Bank Digital Currency – CBDC): “I will comment on the Estonian decision: no member state can introduce its own currency…The currency of the euro… Read More

Ukraine’s New Government Planning Legal Framework for Crypto

Alexander Bornyakov, a soon-to-be deputy in the Ukraine’s Digital Transformation Ministry, says the Ukraine’s Deputy Prime Minister for Digital Transformation, Mikhail Fedorov, plans to cooperate with the country’s Finance Ministry to develop a legal framework for cryptocurrency in coming months. Cryptocurrencies circulate now in Ukraine under grey… Read More

Bitcoin Price Drops Uncannily Just Before Futures Contracts Expire

Crypto whales holding large numbers of physical bitcoins may be timing big sell-offs to coincide with when their bitcoin futures contracts come due, researchers at Arcane Crypto claim. Timed or coordinated sell-offs drop the price of bitcoins, allowing the same traders to cheaply deliver on… Read More

Block.one, Creator of EOS Blockchain, Pays $24 Million Fine to SEC for Conducting $4 Billion ICO, Company “Excited to Resolve” Issue

EOS.io on iPhone

The US Securities and Exchange Commission (SEC) has settled charges against Block.one, high-profile creator of the blockchain network EOS, for allegedly conducting an unlicensed multi-billion USD ICO (initial coin offering) crowdsale. Block.one has agreed to pay a $24 million USD civil penalty: “The Securities and… Read More

Cybersec Firm Emsisoft Releases Free Anti-Malware Data Recovery Tool

Cybersecurity firm Emsisoft has released, “a new free decryption tool for the WannaCryFake ransomware strain.” The tool helps victims restore data locked up (encrypted) in a WannaCryFake ransomware attack. Municipalities, public services providers and private companies across North America have been contending with record numbers… Read More

Poor Choice of Words: SpankChain Co-Founder Accused of Antisemitism

Ameen Soleimani, co-founder of SpankChain, “a (cryptocurrency) payment platform for the adult industry,” is in hot water on Twitter for tweeting at a critic, “You are really proud of how Jewish you are.” The comment seems unwarranted particularly because no evident references to religion or nationality… Read More

Outcry as Alleged Crypto Ponzi Fairwin Eats Up Bandwidth on Ethereum

Trading of an Ethereum-based crypto token called FWIN (Fairwin) is consuming over 50% of the “gas” (used to set transaction fees) on the Ethereum network. Basically, the company responsible for FWIN, Fairwin, based in China, has a very busy token. But according to Cointelgraph, Fairwin… Read More

Comments Sought: SEC Seeking Rule Change to Enhance Transparency in OTC Deals Involving Retail Investors

The US Securities and Exchange Commission (SEC) is seeking public comment on proposed changes to Exchange Act Rule 15c2-11. The amended rule seeks to, “provide greater transparency to the investing public by requiring that information about the issuer and the security be current and publicly available… Read More

Co-Founder of MERJ Exchange Says Delay of SIX Token Platform Likely Due to Regulation

SIX Group, the company behind Switzerland’s largest stock exchange, announced this week that it will not be launching its proposed DLT (distributed ledger technology) platform for “digital assets” until Q4 2020. The platform, designed to manage the issuing, trading, and settlement of digital tokens, was expected to… Read More

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