US court rejects unregistered securities case against Blockvest
A court in the United States has rejected a claim brought by the Securities and Exchange Commission (SEC) against blockchain assets exchange Blockvest.
Latest securities News
Ohio lawmaker eyes bill allowing ICOs to ‘sidestep’ securities laws
Rep. Warren Davidson, of the 8th district of the state of Ohio, is reportedly weighing up a prospective bill which would treat ICOs as a type of product, rather than a form of security, thereby reducing the influence and oversight of the Securities and Exchange Commission (SEC).
EtherDelta founder faces raps over unregistered securities exchange
The U.S. Securities and Exchange Commission (SEC) has charged the founder of crypto trading platform EtherDelta with running an unregistered securities exchange, in the latest example of the regulator taking direct enforcement action against those who flout securities law.
Germany’s Deutsche Börse completes settlement trial on blockchain
The German central bank, Deutsche Bundesbank, has partnered with the operator of the Frankfurt Stock Exchange to successfully test the application of blockchain technology in securities settlement.
3 more ICOs shut down by North Dakota securities watchdog
The North Dakota Securities Department (NDSD) issued a cease and desist order against three firms that were discovered to be involved in promoting fraudulent securities and illegal business practices related to ICOs in the state.
Chinese state bank issues $1.3B mortgages on blockchain
The Bank of Communications, a bank owned by the Chinese government, has successfully issued mortgage-backed securities worth over $1.3 billion on infrastructure powered by blockchain.
HempCoin promoter charged with unlawful distribution of crypto securities
Timothy Tilton Ayre, promoter of a scheme called HempCoin, is charged with promoting the token as an unregulated security, which has been described as “the first minable coin backed by marketable securities.”
Malaysia’s securities regulator shuts down celebrity beauty ICO
The chief securities regulator in Malaysia has called an immediate halt to trade in the Lavidacoin (LVC), a cryptocurrency recently launched by one of the country’s foremost beauty gurus.
Disgruntled ICO investor takes Unikrn to court
Unikrn, an esports betting startup based in Seattle, has been slapped with a class action lawsuit by an investor who accused the company of breaching U.S. securities laws during its initial coin offering (ICO) in 2017.
California court rebuffs motion to remand against Ripple
A district court in the United States has junked a motion seeking to remand against Ripple Labs and its subsidiary XRP II.
Regulator clears Genesis Mining of crime—a first for South Carolina
Icelandic cryptocurrency mining company Genesis Mining is all set to resume its operations in the United States after the Securities Commissioner of South Carolina dismissed its six-month-old cease and desist order against the operator.
New lawsuit accuses XRP of being a security
Ripple Labs has been served with yet another lawsuit seeking to have its cryptocurrency, XRP, classified as a security.