Kik vs SEC – The Lawyers Speak

The SEC charged two brothers with attempting to defraud more than 80 investors in a $60 million Ponzi scheme. The brothers allegedly told investors one of them had created a “bot” that operated on a crypto asset trading platform, which could identify arbitrage trading opportunities. The U.S. Securities and Exchange Commission (SEC) has charged brothers

news Offchain Labs, a startup co-founded by a former Obama administration official, has raised a $3.7 million in seed funding. The round was led by Pantera Capital and included participants such as Compound VC. Offchain Labs co-founder Ed Felten, a computer science professor at Princeton University and former deputy U.S. chief technology officer in the…

Jun 9, 2020 at 13:00 UTCUpdated Jun 9, 2020 at 13:37 UTCCredit: CoinDesk archivesInfrastructure-as-a-service firm Bison Trails has added support for yet another self-proclaimed Ethereum killer: NEAR Protocol. Inked Tuesday, Bison Trails will help host the newly launched NEAR Protocol’s validator set, currently consisting of over 150 nodes including some 40 of the project’s investors.…

The decentralized autonomous organization (DAO) running the KyberSwap decentralized exchange (DEX) reached out to the attacker who walked off with $50 million on Nov. 22 with a message: We want to negotiate.(Etherscan)The attack targeted KyberSwap's liquidity pools (LPs). The DEX, which had a total value locked (TVL) of around $80 million before the attack, now

Sep 26, 2020 at 13:00 UTC(AlexSava/iStock via Getty Images Plus)Why the Stock Market is Poised for Its Worst September Since 2011Last week saw the third-biggest outflow from stock funds in history, and the dollar is the strongest it’s been since April. Here’s what’s going on. For more episodes and free early access before our regular 3 p.m. Eastern…

news U.S. Treasury Secretary Steven Mnuchin agrees with his boss that crypto is for crooks. In a press conference Monday, Mnuchin voiced the Trump administration’s concerns with Facebook’s Libra and cryptocurrencies like bitcoin. Mnuchin’s statements come ahead of two hearings on Capitol Hill this week, in which Facebook blockchain lead David Marcus is expected to testify before both…

Mar 3, 2020 at 16:02 UTCUpdated Mar 3, 2020 at 16:18 UTCAn initiative by National Basketball Association (NBA) player Spencer Dinwiddie to tokenize the value of professional athletes' contracts has engaged a specialist investment bank to manage an upcoming offering.DREAM Fan Shares (DFS) announced Tuesday it has brought in New York-based Tritaurian Capital, a FINRA-registered…

Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.Bitcoin cash (BCH) has gained 11% over the last 24-hours even as bitcoin has declined.Bitcoin’s price drop follows network congestion that sent transaction fees over the weekend skyward as demand for bitcoin Ordinals ramped…

feature The Takeaway: Moscow-based law firm ZP Legal claims to have identified Russian nationals who received bitcoin stolen in the 2014 hack of Mt Gox. Local law enforcement is investigating Alexander Vinnik, the alleged operator of the defunct exchange BTC-e. ZP Legal says Mt Gox creditors who come forward as potential BTC-e victims may help…