SEC, CFTC to decide whether Ethereum, other cryptocurrencies are securities
U.S. regulators are set to decide the regulatory fate of ETH and XRP, a decision that will definitely affect most cryptocurrencies in existence—except Bitcoin.
Latest Business News
Ripple Labs hit with securities class-action suit
A San Francisco resident has filed a securities class action lawsuit, claiming that Ripple Labs has violated state and federal securities laws whilst engaging in illegal schemes to raise hundreds of millions of dollars through the sale of unregistered XRP tokens.
Flintstone Tech joins fight against India central bank’s crypto ban
Flintstone Technologies Pvt. Ltd. has petitioned the courts to reverse the Reserve Bank of India’s bank on banks working with cryptocurrency exchanges. The Delhi High Court will hear the case on May 24.
South Korea’s financial regulator highlights cryptocurrency benefits
Yoon Suk-heun, the new head of South Korea’s Financial Supervisory Service, echoed what many others have stated—better cryptocurrency regulation would be beneficial to the industry.
BitGrail exchange re-opens, only to shut down 3 hours later
BitGrail, which recently made headlines due to February's Nano hack, found itself again a victim of yet another unfortunate incident that dented quite a bit of its credibility.
London police nab prolific cybercriminal, seize $700,000 in BTC
Going by the name of “Courvoisier” online, Grant West allegedly concocted a series of cybercrimes directed at more than 100 companies between July and December 2015.
Coinbase gives up data to New York attorney general
Coinbase’s letter details its involvement with law enforcement and regulatory agencies around the world, its system upgrades and state of the art cybersecurity program.
South Korean lawmakers to champion legalised ICOs
A group of South Korean lawmakers is reported to be working on a bill that would seek to overturn the 2017 ban, and reintroduce ICOs on a legal footing.
Australia’s financial watchdog swoops down on ‘misleading or deceptive’ ICOs
The Australian Securities and Investment Commission is making good on its promise to hold cryptocurrency companies to its legal standards.
Telegram calls off public ICO
Telegram has decided against holding a public initial coin offering (ICO) after having raised a staggering $1.7 billion in a private pre-sale, reports have confirmed.
Goldman Sachs gearing up to launch Bitcoin futures
Investment banking giant Goldman Sachs is taking a step into the cryptocurrency space as it looks to launch its own Bitcoin (BTC) futures product soon.
IOTA defenders say news tweets spread FUD
IOTA, a distributed ledger technology and cryptocurrency designed for the Internet of Things, is repeatedly in the news, and lately there have been a number of online harassment allegations against the group.
Sorry Alibaba, Alibabacoin is here to stay
Judge J. Paul Oetken has thrown out the lawsuit filed by Chinese retail giant Alibaba against cryptocurrency Alibabacoin.
South Korea central bank to pilot ‘cash-free’ society with crypto
The Bank of Korea is launching a pilot program that will explore the feasibility of a cash-free society, and is considering cryptocurrency and blockchain technology to make it happen.
Regulation is coming: SEC commissioner slams ICO industry
SEC Commissioner Robert Jackson said the current situation with ICOs was the reason the SEC exists in the first place.
Couple faces robbery charges in ‘Discount Bitcoin Bandit’ case
Two people in Los Angeles have been charged with stealing more than $87,000 from people who sought to buy cryptocurrencies at a discounted price.
Iran presses for development of local cryptocurrency
The government of Iran is reportedly going ahead with a major project that will pave for the country’s own cryptocurrency in the not too distant future.
Vertcoin joins growing list of hijacked Twitter crypto accounts
The cryptocurrency market continues to be compromised by scammers and fraudsters at every turn with the latest victim being Vertcoin.
Coinbase value more than quadruples to staggering $8B: report
San Francisco-based exchange Coinbase is now reportedly valued at a staggering $8 billion—that’s a jump of over $6 billion from the $1.7 billion valuation it reported less than a year ago.
CFTC ‘cryptodad’ chairman to retire in 2019
Christopher Giancarlo, chairman of the U.S. Commodity Futures Trading Commission (CFTC), has announced his intention to retire following the completion of his current term in 2019.