SEC Subpoenas Another Firm Following Claimed Blockchain Pivot

The municipal pension plan of Jersey City, New Jersey, will soon invest in bitcoin via exchange-traded funds, according to a Thursday social media post from Mayor Steven Fulop. While it's not likely to be a gigantic sum, the decision is another symbolic win for cryptocurrency on the road toward wider adoption. The move follows a

news Messaging platform Kik Interactive is facing off with the U.S. Securities and Exchange Commission over its 2017 Kin token sale. The SEC alleges Kik violated federal securities law, while Kik maintains that kin is not a security and its sale was legitimate. Kik CEO Ted Livingston told CoinDesk on Wednesday that the SEC had…

Already modestly higher during U.S. trading hours Monday, the price of ether (ETH) jumped more than 10% after two well-followed Bloomberg ETF analysts greatly upped their odds of the U.S. Securities and Exchange Commission approving spot ETH ETFs."James Seyffart and I are increasing our odds of spot Ether ETF approval to 75% (up from 25%)

Binance has long been the world's largest cryptocurrency exchange by trading volumes. Still, on Monday, traders looking to buy and sell bitcoin (BTC) quickly on Binance were at a relative disadvantage to their peers on Kraken and Coinbase (COIN), according to data tracked by Paris-based Kaiko.The 0.1% ask depth on Binance, a measure of buy-side

Tether added to its bitcoin (BTC) holdings at the end of the fourth quarter, buying 8,888 more BTC for $380 million, The Block reported.An address associated with the company shows bitcoin holdings of 66,465, which makes it the 11th-largest holder of the cryptocurrency, according to a ranking by Dune Analytics.In an effort to shift away

Jun 23, 2020 at 13:04 UTCUpdated Jun 23, 2020 at 13:05 UTCDeFi Protocols Should Be Fiduciaries, Not Structured Product DealersLex Sokolin, a CoinDesk columnist, is Global Fintech co-head at ConsenSys, a Brooklyn, N.Y.-based blockchain software company. The following is adapted from his Fintech Blueprint newsletter. This week, I grapple with the concepts of financial centralization…

NEWS Sep 27, 2018 at 18:00 UTC  |  Updated  Sep 27, 2018 at 20:02 UTC An effort by the U.S. Congress to launch a task force investigating cryptocurrencies is gaining traction. House Resolution 5036, a bill hoping to establish the "Independent Financial Technology Task Force to Combat Terrorism and Illicit Financing," was referred to the House…

A group of lawmakers asked U.S. President Joe Biden and Treasury Secretary Janet Yellen to quantify to what extent terror group Hamas might be using cryptocurrency to raise funds, hours before members of the House Financial Services Committee were set to hold a hearing on the issue.The Tuesday letter cites recent Wall Street Journal reporting

Amitoj Singh is CoinDesk's regulatory reporter covering India. He holds BTC and ETH below CoinDesk's disclosure threshold of $1,000. Kenya's Finance Ministry, the National Treasury, has proposed a 3% tax on the transfer of digital assets for the coming budget year, according to a Bloomberg report that cites proposals presented to lawmakers. The nation's budget…