Tag: SEC

  • Bad Trip: Pot Company High Times Backtracks on Accepting Bitcoin in IPO

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    High Times Holding Corp, a New York-based media group advocating for cannabis usage, has decided against accepting bitcoin in its initial public offering (IPO), according to a filing with the Securities and Exchange Commission (SEC) dated Aug. 13. The SEC filing states that the initial announcement made two weeks ago, in which the company had said it would accept […]

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  • Ethereum Creator: Mass Adoption Matters More Than Cryptocurrency ETFs

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    By Laura Desmond Ethereum co-founder Buterin Vitalik believes that the crypto community has focused too much on ETFs rather than making cryptocurrency easier to use as a method of payment for everyday purchases via payment cards, according to a recent tweet. An ETF will benefit cryptocurrency prices, he believes, but making it easier for people to […]

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  • US: Lawmaker Calls for More Action from Congress on Regulating Crypto

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    Congressman Bill Huizenga has urged for the U.S. Congress to focus on crypto regulation in an interview with Bloomberg July 27. Huizenga wants to see more oversight in what he considers the “muddied and fairly opaque” initial coin offering (ICOs) and digital assets markets. Speaking in his Capitol Hill office, Huizenga argued that Congress should empower financial regulators such […]

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  • Bitcoin is king, again

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    Bitcoin surged more than 40% over the past month, while the rest of the major cryptocurrencies have stalled. In comparison, Ether recovered less than 15% over the same period. Ripplegained up to 16% yet failed to consolidate gains above 0.50 per US dollar. Bitcoin Cash hindered as well, despite offering better features than the original Bitcoin in terms of speed […]

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  • SEC Delays Decision on Asset Manager’s Bitcoin ETFs Until September

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    The U.S. Securities and Exchange Commission (SEC) has delayed making a decision on whether to approve five bitcoin-related exchange-traded funds (ETFs) until September, public documents reveal on Tuesday. In the latest edition of the Federal Register, the SEC explains that it is postponing any decision over the possible approval of ETF proposals filed by Direxion Investments […]

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  • Crypto Stock Exchange Operator Pleads Guilty to Fraud

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    The man behind two now-defunct cryptocurrency investment sites has pled guilty to securities fraud and obstruction of justice charges. The U.S. Attorney for the Southern District of New York announced the guilty plea on Monday, coming days after it was reported that Montroll was close to a deal with prosecutors. Jon Montroll was arrested back in February by U.S. […]

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  • SEC Settles Trader Lawsuit Tied to Blockchain Firm Stock Sales

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    The U.S. Securities and Exchange Commission (SEC) has settled with two Nevada men over charges that they illegally profited from sales of stock in a claimed blockchain company, according to an SEC release. The SEC originally alleged on July 2 that attorney T.J. Jesky and his law firm’s business affairs manager Mark DeStefano had allegedly made about $1.4 […]

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  • Blockgeek’s Ameer Rosic: ‘Everyone Is Smart Enough to Lose or Make Money’ in Crypto

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    By Laura Desmond Ameer Rosic, serial entrepreneur and founder of online blockchain hub Blockgeeks, goes into why he thinks investing in crypto should be open to the masses and what it will take to induce widespread blockchain adoption during an interview at this year’s BlockShow Europe 2018. Molly Jane: First off, how did you get interested in […]

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  • Analyzing the Ethereum – Security Decision by the SEC

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    The purpose of this article will not be to give the news that the SEC revealed that they would not deem Ethereum to be a security. That has already been well-established by multiple outlets. Instead, however, the purpose of this news will be to dissect the SEC’s decision and try to make an educated deduction, […]

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  • Ripple, Ripple CEO Served Third Securities Fraud Lawsuit

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    Three and counting: Ripple, the cryptocurrency startup behind the XRP tokens, has reportedly been hit with a third lawsuit alleging securities fraud. “A private XRP investor alleges that Ripple Labs Inc. and its CEO Bradley Garlinghouse have conflated their token with its proprietary Ripple technology and even illegally profited from price increases the whole time,” a summary of […]

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