Australian regulator claims win over Kraken’s Bit Trade in federal court
A court has found Bit Trade offered a product without following design and distribution obligations and acted as a credit facility, in violation of Australian laws.
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Blockchain Sister Startups Allegedly Pull $8 Million Exit Scam
Blockchain startups RepuX and JoyToken have reportedly pulled a joint initial coin offering (ICO) exit scam, according to an exposé by Hard Fork of The Next Web (TNW) on May 16.RepuX and JoyToken reportedly ran their ICO promotions during March and April of 2018, and are now walking away with $4.7 million and $3.3 million,…
US SEC Settles in Long-Running Fraud Case Against Longfin CEO
The United States Securities and Exchange Commission (SEC) announced that it has agreed to a settlement with the CEO of purported cryptocurrency company Longfin in a statement, Jan. 3.Venkata Meenavalli agreed to pay $400,000 in disgorgement and penalties to resolve the SEC’s fraud action against him, subject to court approval.The SEC’s complaint alleged that Longfin…
Stockbroker platform Public.com adds crypto trading feature
The stock trading app is set to debut crypto trading for its users except those in the state of New York. 431 Total views 14 Total shares Public.com, a neo-brokerage outfit based in New York has announced the launch of crypto trading services for its customers.In a statement issued on Thursday, Public revealed that users…
Report: French Gaming Giant Ubisoft Considering Potential Blockchain Applications
French video gaming giant Ubisoft is allegedly exploring potential blockchain applications in gaming as a strategy to gain a more competitive edge in the industry. The news was reported by daily French financial newspaper Les Échos on June 11.Per Les Échos, Ubisoft has been quietly exploring blockchain applications for several months, and has allegedly already…
3 key Ethereum price metrics point to growing resistance at the $1,750 level
Ether (ETH) price plunged 7% between June 14 and June 15, reaching its lowest level in three months and impacting investors’ view that the altcoin was en-route to turning $2,000 to support. It is worth noting that the $1,620 bottom represents a $196 billion market capitalization for Ether, which is higher than PetroChina’s $186 billion, and…
Ethereum Name Service Adds Multicoin Support
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Ripple faces securities suit in California over CEO's ‘misleading statement’
Judge Phyllis Hamilton found XRP could be a security when sold to retail and gave the go-ahead to a class-action lawsuit over statements from Ripple CEO Brad Garlinghouse.