97% of Korea’s 200 cryptocurrency exchanges are at risk of bankruptcy as low volume and tightening regulations temper what was once one of the world’s busiest crypto-trading markets, Business Korea (BK) reports. Local exchange revenues are also being diminished as Korean crypto-coin projects increasingly seek to… Read More
Tagged south korea
The Saudi Ministry of Finance has warned Saudi citizens that transactions involving cryptocurrencies could have “negative consequences” for traders because they occur, “outside the monitoring umbrella within Saudi Arabia,” Zawya reports. According to FX Street, the country’s “Special Governmental Committee for Awareness on Dealing with… Read More
A judge presiding over proceedings in a case of alleged fraud by crypto trading platform Bitfinex (and associated companies) has ordered the companies to provide records compelled under ex parte orders issued in New York in April. Almost immediately after the orders were issued, Bitfinex… Read More
Tagged bitcoin, bitfinex, exchange, lawsuit, new york attorney general, tether
ICO Rating, a Russia based initial coin offering and research firm, has paid a fine to the US Securities and Exchange Commission (SEC) regarding allegations that it failed to disclose payments received from issuers for publicizing their digital asset securities offerings. According to a statement from… Read More
Tagged enforcement, ico rating, russia, sec, securities and exchange commission
A British Columbia Supreme Court judge has upheld an asset seizure from Lisa Cheng and Kevin Hobbs, principles of a “blockchain consultancy” called Vanbex, who, according to the Royal Canadian Mounted Police (RCMP), conducted an allegedly fraudulent $30 million CAD ICO (Etherparty/FUEL), “…by falsely representing corporate… Read More
Tagged fraud, fuel, ico, kevin hobbs, lisa cheng, vanbex
ICONLOOP, a blockchain enterprise based in South Korea, announced on Tuesday it has apply its blockchain-based certificate issuance service, which is called broof, to ‘ARTnGUIDE’, an online service platform in Korea for co-purchasing works of art operated by Yeolmae Company. ICONLOOP reported it has signed… Read More
Tagged art, artnguide, blockchain, broof, iconloop, partnership, south korea
Recently we marked the second anniversary of the SEC’s issuance of an Investigative Report finding that the DAO Tokens were securities. While this killed the hopes of those who had interpreted SEC silence to mean consent to the unregulated issuance of tokens, it still… Read More
Tagged dao, dror futter, legal, perspective, regulation, regulation a, regulation d, rimon, security token offering, sto
tZero’s Crypto App has added Ravencoin (RVN) to its virtual currencies available to buy and sell. Ravencoin is the 3rd crypto added following Bitcoin and Ethereum. tZero is a subsidiary of Overstock (NASDAQ:OSTK). Ravencoin currently has a market cap of around $145 million and trades… Read More
According to a report, the Capital Markets, Insurance and Savings Authority of Israel is seeking to expedite the approval of Fintech licenses including blockchain-focused firms. Calcalist reports that the Authority is “working quickly to arrange licenses for Fintech companies” as it aims to boost innovation… Read More
Tagged capital markets authority, israel, moshe barkat
BitMEX, a platform that allows highly-leveraged trading of cryptocurrency derivatives, has announced that customers residing in Seychelles, Hong Kong, and Bermuda, where the company’s offices are located will be, “restricted from access to BitMEX.” The company claims the change, “will have no financial impact on… Read More
Tagged bitmex
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