Tagged: exchanges

November 8, 2018 @ 3:27 pm By JD Alois  |  

Today, the first enforcement action was taken by the Securities and Exchange Commission (SEC) against a cryptocurrency exchange; EtherDelta. Prior to this, the SEC had only targeted issuers and promoters of crypto – largely for fraud and selling unregistered securities.  While the action against EtherData is… Read More

November 8, 2018 @ 11:10 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has settled charges against Zachary Coburn, the founder of EtherDelta, a cryptocurrency exchange. This is the SEC’s first enforcement action against a crypto exchange and marks a noted shift in the Commission’s dealing with secondary transactions of digital assets. The SEC… Read More

November 8, 2018 @ 9:32 am By JD Alois  |  

The Blockchain Transparency Institute (BTI) has published their second exchange rankings report and according to their numbers – wash trading persists as a profound problem as crypto exchanges seek to boost their perceived relevance in the lucrative sector of crypto. According to the BTI: “many of these exchanges are… Read More

November 7, 2018 @ 10:17 am By JD Alois  |  

Recently, at the StartEngine Summit during LA Blockchain Week, CI had the chance to sit down with prominent securities attorney Linda Lerner. Lerner is Senior Counsel at Crowell Moring and a veteran lawyer with deep experience and expertise in securities issuance and regulation of stock exchanges…. Read More

November 6, 2018 @ 9:51 am By JD Alois  |  

Announced last week during Hong Kong Fintech Week, the Hong Kong Exchange (HKEX) has partnered with “Digital Asset” to incorporate blockchain tech as part of the trading process. In a speech by Charles Li, the Chief Executive of HKEX, the successful testing of a prototype… Read More

November 5, 2018 @ 1:28 pm By Cali Haan  |  

Though Coinbase announced it raised $300 million “from high-quality investors” last week, the cryptocurrency exchange also laid off an estimated 15 people working remotely in support, compliance, and fraud departments, Yahoo Finance reports. Coinbase would not confirm how many employees were cut, it did admit… Read More

November 2, 2018 @ 6:56 pm By JD Alois  |  

In the 2019 budget speech by the Malaysia Minister of Finance, YB Tuan Lim Guan Eng, the government introduced capital market measures designed to reinforce the role of tech in driving the economy. Lim explained: “We need to create an environment for our human talent… Read More

November 1, 2018 @ 11:14 am By Cali Haan  |  

A judge at the Seoul Central District Court has ordered one of South Korea’s largest banks, Nonghyup, to restore services to the Coinis cryptocurrency exchange, 8BTC reports. The showdown reportedly began in September when Nonghyup announced it would no longer process deposits and withdrawals on behalf… Read More

October 21, 2018 @ 11:00 pm By JD Alois  |  

Group-IB, a company that provides computer forensics and cybersecurity services large international companies, published a report last week the put a number to the frequent cryptocurrency exchange hacks that seem to happen on a weekly basis.  According to Group-IB, attacks during 2017 and through Q3… Read More

October 19, 2018 @ 11:17 am By Aubrey Hansen   |  

The European Union does not need to seek out any problems for the moment, with the highly publicized ‘divorce’ from the UK taking place in the full media spotlight, but it’s easy to forget that, as things stand, the EU is also taking its approach… Read More

October 14, 2018 @ 5:20 pm By Aubrey Hansen  |  

If you’ve been interested in cryptocurrency for any period of time, there’s a good chance you’ve heard the term “wallet,” and you probably realize that it doesn’t quite mean the same as it does in everyday life. A wallet in crypto terms is somewhere for… Read More

October 11, 2018 @ 4:58 pm By Cali Haan  |  

South Korean Finance Minister, Yong-Joo Park told auditors from the Finance Committee of the Yeouido National Assembly in Seoul this morning that ICOs (initial coin offerings) pose undue risks to investors and should not be equated with blockchain, Yonhap News reports. “The government does not… Read More

October 3, 2018 @ 9:25 am By Cali Haan  |  

$1.3 billion dollars has been stolen from crypto exchanges in the past 8 years and cryptocurrency investors using exchanges still bear a lot of risk, say researchers at ICORating, who yesterday issued a report detailing security levels at crypto exchanges handling more than $1 million… Read More

September 19, 2018 @ 3:59 pm By JD Alois  |  

Some time ago, the New York Attorney General launched the Virtual Markets Integrity Initiative (VMII) to “protect and inform”residents who trade in cryptocurrency. New York Attorney GeneralGeneral Barbara D. Underwood commented on the release of the report: “New Yorkers deserve basic transparency and accountability when… Read More

September 10, 2018 @ 10:47 am By Cali Haan  |  

Cryptocurrency trading continues in China despite a ban imposed in September 2017 and escalating countermeasures this summer, The South China Morning Post reports: “Despite multiple attempts by Beijing to shut down all local exchange platforms since September 2017, cryptocurrency trading (has) continued to prosper, with many Chinese… Read More

September 3, 2018 @ 6:23 am By Aubrey Hansen  |  

One of the most significant impediments to mass cryptocurrency adoption is the lack of trust and security in the industry. Users have witnessed or experienced themselves a plethora of malicious attacks and illegitimate business practices on trading exchanges which leave them less prone to being… Read More

September 1, 2018 @ 1:22 pm By Cali Haan  |  

Japan’s banking, securities and insurance regulator, the Financial Services Agency (FSA), has told Bitcoin.com that around 160 companies have applied to open cryptocurrency exchanges in the country: “Including preliminary consultation/inquiries regarding registration, around 160 operators are expressing their intention of market entry.” The applications appear to… Read More

August 29, 2018 @ 7:45 pm By Cali Haan  |  

Following a ban on crypto promotional events in Beijing’s central business district last week, the Financial Development Bureau of Guangzhou (FDBG) has required that, “all relevant units in the district (of Guangzhou) may not undertake any form of virtual currency promotion and publicity activities,” National Business Daily… Read More

August 27, 2018 @ 4:53 pm By Cali Haan  |  

Chinese search giant Baidu will no longer allow discussions of crypto on its popular forum site, Baidu Tieba, China Times reports. The decision is the latest in a spate of recent crackdowns being waged against crypto-industries in China, actions seeking to give teeth to a… Read More

August 26, 2018 @ 2:02 pm By Cali Haan  |  

Two-thirds of all trade volume in crypto- or $6 billion dollars per day- is faked, say researchers at the Blockchain Transparency Institute (BIT), and many of the world’s “top” crypto exchanges aren’t even coming close. The researchers made their conclusions after comparing the order books… Read More