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

Jul 31, 2020 at 15:46 UTCUpdated Jul 31, 2020 at 16:09 UTCCoronavirus (CDC/ Unsplash)The Financial Crimes Enforcement Network (FinCEN) issued a warning on COVID-19 related financial scams on Thursday.  Firms dealing with virtual currencies need to be especially careful as their services might be used to launder funds collected from illicit activity, the regulator said. The…

This past year has been a testament to the blockchain space’s ability to recover from even the harshest external conditions. From the depths of the “crypto winter” at the beginning of the year, the overall market cap of the crypto space has grown by 90% to $1.69 trillion, with bitcoin more than doubling from its

news YouNow, a video platform that aims to reward active users with its own cryptocurrency, is taking a belt-and-suspenders approach to compliance. The New York-based startup has filed a Reg-A+ offering circular for its Props token with the Securities and Exchange Commission (SEC) – even though it isn’t selling them to investors, accredited or otherwise. If…

The former governor of China’s central bank, Zhou Xiaochuan, helped pave the way for China’s national digital currency (DC/EP), which is poised to have a major impact on both China and the global economy. A number of experts believe the digital yuan could challenge the supremacy of the U.S. dollar, disrupt China’s well-developed mobile payment industry…

Bitcoin's (BTC) price barely budged after Mt. Gox, the defunct Japanese exchange, unloaded another $2 billion of tokens late Tuesday, inching closer to finishing its $9 billion asset distribution that has been a major source of worry for investors. Blockchain data by Arkham intelligence shows that Mt. Gox-related addresses moved 47,229 BTC worth roughly $3.1

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Elizabeth Napolitano is a news reporter at CoinDesk. Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Decentralized finance (DeFi) exchange Uniswap has launched a mobile wallet application to promote wider DeFi wallet adoption…

Aug 13, 2020 at 20:09 UTCUpdated Aug 13, 2020 at 20:49 UTCFederal Reserve Board Governor Lael Brainard said the U.S. central bank has been experimenting with a digital dollar. (Federal Reserve/Wikimedia Commons)The Federal Reserve Is Experimenting With a Digital DollarThe U.S. Federal Reserve is actively investigating distributed ledger technologies and how they might be used…

Ready for a hash war? Bitcoin cash's upcoming network update (or hard fork) is coming on November 15, but a fractious divide between competing stakeholders has raised the specter that the fourth largest cryptocurrency by market cap – which broke off from bitcoin in the heat of the scaling debate last year – could split…

Laser Digital, the digital asset asset subsidiary of financial services giant Nomura, has received an operating license from Dubai’s Virtual Asset Regulatory Authority (VARA), the final stage of the licensing process, the company said in a statement Tuesday.Laser Digital Middle East, which is based in the emirate, can now offer virtual asset (VA) broker-dealer services…