SEC Slaps ‘Fraudulent’ ICO Founder With $30K Fine, Lifetime Ban

May 27, 2020 at 18:22 UTCUpdated May 27, 2020 at 18:32 UTCDJ D-Sol (David Solomon) is Goldman Sachs' CEO. (Credit: Instagram/djdsolmusic)Goldman Sachs: Cryptocurrencies ‘Are Not an Asset Class’Goldman Sachs held an investor call Wednesday to discuss current policies for bitcoin, gold and inflation in the context of the COVID-19 crisis. The big takeaway? The stalwart…

Take a look at the frontpage of CoinDesk today and you could be forgiven for thinking our site is all about Bitcoin. Just look at the headlines: BTC is above $50k. Options traders are betting on $75,000. Bitcoin’s market cap is back above $1 trillion. Bitcoin ETFs have accumulated $11 billion since being approved in

news Benoit Coeure, outgoing member of the executive board of the European Central Bank (ECB), is to lead a new global effort by central banks to research the benefits of fintech such as digital currencies. The Bank for International Settlements (BIS) announced the news on Sunday, saying that Coeure will take on the role of head…

NEW YORK — Coinbase (COIN) CEO Brian Armstrong is undeterred by the recent consequential lawsuit from the U.S. Securities and Exchange Commission (SEC) as his grand vision for the exchange's platform is for it to become a global "super-app."Armstrong envisions that Coinbase, currently a centralized crypto exchange with various crypto products, will eventually become a…

Daniel Cawrey is CEO of Pactum Capital, a cryptocurrency investment firm focused on market making and liquidity. Formerly a CoinDesk Contributing Editor, he is author of the upcoming “Mastering Blockchain” book to be published by O’Reilly Media. Recently, a report was produced by Bitwise Asset Management showing the existence of faked volumes in the bitcoin…

This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.Latest PricesTop StoriesGrayscale’s Bitcoin Trust's (GBTC) discount to its net asset value (NAV) has narrowed to levels not seen since July 2021, data from YCharts shows. The discount

news Mark Mobius, major investor and founding partner of Mobius Capital Partners, is still bearish on cryptocurrencies and blockchain technology… with some caveats. Speaking on CNBC’s The Squawk Box this morning concerning emerging markets and safe-haven asset classes, Mobius said cryptocurrencies, like fiat, are backed by faith and only hold utility as far as others…

I believe that bitcoin will appreciate in the coming years as I expect that the demand for bitcoin will increase due to two main reasons:Bitcoin becoming a global reserve currency; a borderless and neutral alternative to national currencies.The U.S. dollar falling in value as the U.S. debt overhang is too high for the debt to

As expected, the Federal Open Market Committee of the U.S. Federal Reserve on Wednesday left its benchmark fed funds rate range unchanged at 5.25-5.50%.Also pretty much as expected, the FOMC acknowledged that progress on lower inflation has stalled this year and said it wouldn't be appropriate to trim rates until it has greater confidence inflation