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Open Interest on Bitmex Drops 16%: Investors Withdraw 37,000 BTC in Less Than 24 Hours
2.10.2020
Data from Arcane Research shows that open interest on Bitmex’s bitcoin derivatives market touched a new low of 45,122 BTC on October 1. The figure represents a 16% drop since the CFTC announced charges against Bitmex and its executives for allegedly operating an unregistered trading platform....
ICO Aftermath: US Rules in Favour of SEC in $100M KIK Case – SALT to Reimburse Claimants From 2017 ICO
1.10.2020
A US court has ruled in favour of the US SEC after the regulator’s filing of a motion seeking summary judgment against Kik for violating the country securities laws. Kik, which raised $100 million from 2017 ICO, had filed its own motion of summary judgment but the court refused to grant this....
Australian Securities Exchange to triple capacity of DLT system
1.10.2020
The new blockchain-based system will replace the existing CHESS system
Court rules Kik’s 2017 ICO violated U.S. securities laws
1.10.2020
A judge has ruled that the $100 million ICO conducted by the Canadian messaging platform Kik in 2017 violated federal securities laws
Judge Rules Kik’s Token Sale Violated US Securities Law
1.10.2020
A federal judge has ruled that Kik's 2017, $100 million token sale violated U.S. securities law, and wants to see a proposal for refunds
SEC Alleges Big-Talking Florida Crypto Investor Defrauded Clients of $6.8M
30.9.2020
Thomas J. Gity allegedly told his 18 investor's he'd never ended a trading day in the red
Canadian Firm 3iQ’s Bitcoin Fund Listed on Gibraltar Stock Exchange
30.9.2020
The Gibraltar Stock Exchange said Tuesday that it listed a new bitcoin fund belonging to 3iQ Corp, a Canadian investment fund manager that focuses on new technologies and crypto assets. The announcement follows GSX Group’s recent launch of what it calls the Grid, “a venue to create...
JPMorgan Admits Fraud, Agrees to Billion Dollar Settlement for Illegal Trading
30.9.2020
JPMorgan Chase has admitted to fraud charges and agreed to settle with the U.S. Department of Justice, the Commodity Futures Trading Commission, and the Securities and Exchange Commission. The firm has agreed to pay nearly a billion dollars in penalties and victim compensation. JPMorgan’s...
Overstock Short Sellers Fall Short as Judge Gives Digital Dividend Claims Short Shrift
29.9.2020
Patrick Byrne and Overstock.com have prevailed over the digital dividend-doubting short sellers
Digital Commodity Exchange Act of 2020: US Lawmakers Propose Single National Crypto Framework
25.9.2020
Lawmakers in the U.S. have introduced the Digital Commodity Exchange Act of 2020 to create a single, national regulatory framework for cryptocurrency trading platforms, including those that trade bitcoin, ether, their forks, and other cryptocurrencies. On the same day, the Securities Clarity...
New Bipartisan Bill Would Classify Digital Tokens as Commodities, Not Securities, in US
24.9.2020
A bill introduced by Rep. Tom Emmer could clarify the status of digital tokens issued as part of a securities offering under securities law
Valentus Capital Plans $50M Token Raise for Credit Fund: Report
23.9.2020
The yet-to-be-registered asset manager hopes to launch its VAL1 token later this year
SEC v. Telegram: Part 3 — The extraterritorial reach of US securities laws
23.9.2020
The desirability of applying U.S. law so broadly to transactions that occur predominantly outside the country
Are UNI Tokens Subject to Securities Enforcement Action by the SEC?
23.9.2020
Philip Liu is the Co-Founder and Chief Legal Officer of Arca, a blockchain- and crypto-focused investment advisor in Los Angeles.
Uniswap overview
Uniswap is the largest decentralized exchange (DEX) by trading volume and is the first DEX to really compete on a daily volume basis against some of...
SEC v. Telegram: Part 2 — The case against integrating the two prongs of a SAFT
22.9.2020
Addressing the legitimacy of collapsing the sale of contractual rights with the eventual release of crypto assets
SEC vs. Telegram: Part 1 — Key takeaways for now
21.9.2020
The legal battle between the U.S. SEC and Telegram could be a strong warning against the SAFT process
Brazen Nigerian Crypto Scam Inksnation Still Operational Three Months After Regulator Warning
20.9.2020
One of Nigeria’s most brazen crypto scams, Inksnation remains operational and still invites new investors some three months after the country’s Securities and Exchange Commission (SEC) deemed its activities illegal. The SEC has previously warned Nigerians against investing with the scam...
Societe Generale to Use as Many as Five Blockchains in Capital Markets Trials
17.9.2020
A tech-focused subsidiary of Societe Generale said it will trial up to five different blockchains to understand their usefulness in capital markets
Presidential Candidate Brock Pierce Served With Lawsuit for Alleged ICO Fraud
16.9.2020
Former Disney child actor and U.S. Presidential candidate, Brock Pierce, was served with a lawsuit during a political campaign event held on Monday. The class-action lawsuit was filed in May and it claims the defendants, including Pierce, sold unregistered securities during the EOS initial coin...
Forex Strapped Nigeria Designates Crypto Assets as Securities
15.9.2020
The Securities and Exchange Commission (SEC) of Nigeria has designated crypto assets as securities as the authorities step up efforts to regulate Africa’s largest cryptocurrency market. The SEC says the classification of crypto assets for regulation is consistent with the country’s...