Is Ether a Security?
The NYAG sued KuCoin last week under state law, alleging that ether, post-Merge, is a security under the Ethereum blockchain’s proof-of-stake consensus mechanism. The NYAG also alleged that terraUSD (UST) and luna (LUNA) are securities, as well as KuCoin’s Earn platform. I’m not going to get into the last two – regulators have alleged for a while now that “earn” products are securities, and have settlements with various lenders to support that contention, and there are other cases looking at the terraUSD/luna ecosystem.
Related Posts
Bitcoin Drops Below Major Price Support For First Time Since May
Dec 18, 2019 at 11:10 UTCUpdated Dec 18, 2019 at 11:26 UTCViewBitcoin has found acceptance under the three-day chart's 200-period average for the first time in seven months. The breakdown may attract stronger selling pressure, yielding a slide below the November low of $6,500.A minor bounce to $6,800 may be seen before a deeper slide,…
IBM, Barclays and Citi Team Up to Launch Blockchain App Store for Banks
Announced Monday, LedgerConnect is the offspring of bank-owned currency trading utility CLS and enterprise software giant IBM.
Drone Data Service Red Cat Taps GoChain to Create Blockchain-Based Black Box
news Red Cat, a maker of data recorders for drones, has partnered with GoChain, a decentralized-web and cryptocurrency startup, to store flight information on a blockchain. Today, Red Cat announced a deal with GoChain, an enterprise blockchain and cryptocurrency company. The partnership will move Red Cat’s drone data analytics and services onto GoChain’s blockchain. By…
Whale Call: AirSwap Decentralized Exchange Upgraded for Any Size Trades
The decentralized exchange is adding messaging and ID verification features to address the worries that have kept institutional investors at bay.
China Zheshang Bank Issues Securities Worth $66 Million on Blockchain
One of the largest privately held commercial banks in China has completed the issuance of securities worth $66 million via blockchain.
Staking, Ethereum’s Mining Alternative, Will Be Profitable – But Barely
news The Takeaway Ethereum is soon to abandon bitcoin-style proof-of-work (PoS) mining in favor of a long-in-development alternative system called proof-of-stake (PoS), but the economics are still being worked out. Under a proposal by creator Vitalik Buterin, computer operators who validate transactions would be able to earn 5 percent annual on a minimum 32 ETH…
Little-Known Crypto Exchange With Ties to a Shanghai Firm Halts Services, Says CEO ‘Missing’
Nov 29, 2019 at 10:38 UTCUpdated Nov 29, 2019 at 10:41 UTCShanghai image via ShutterstockLittle-Known Crypto Exchange With Ties to a Shanghai Firm Halts Services, Says CEO ‘Missing’An obscure cryptocurrency exchange named IDAX has said its "global CEO has gone missing" and asked users to stop using its services.The exchange said in an urgent notice…
Microsoft Launches Decentralized Identity Tool on Bitcoin Blockchain
news Microsoft is launching the first decentralized infrastructure implementation by a major tech company that is built directly on the bitcoin blockchain. The open source project, called Ion, deals with the underlying mechanics of how networks talk to each other. For example, if you log onto Airbnb using Facebook, a protocol deals with the software…