‘HoweyCoin’: SEC Trolls Crypto Fraudsters with Fake ICO Campaign

In a landmark embrace of technological innovation, the US Securities and Exchange Commission (SEC) has announced that it will issue its own cryptocurrency – HoweyCoin – through an initial coin offering (ICO). Okay, that’s not actually true, but the agency has constructed a clever campaign intended to teach investors how to identify ICO scams –

The post ‘HoweyCoin’: SEC Trolls Crypto Fraudsters with Fake ICO Campaign appeared first on CCN

Cryptocurrency Exchange Kraken Will “Probably” Pursue SEC Registration

San Francisco-based cryptocurrency exchange Kraken will “probably” register with the US Securities and Exchange Commission (SEC) as a broker-dealer and an alternative trading system (ATS), the company’s chief executive said on Tuesday. “We would probably get registered as a broker-dealer and then an ATS,’’ Kraken co-founder and CEO Jesse Powell told Bloomberg in an interview

The post Cryptocurrency Exchange Kraken Will “Probably” Pursue SEC Registration appeared first on CCN

As SEC Debates Whether Cryptocurrencies Are Securities, Initiative Seeks to Distance XRP from Ripple

The world’s third-largest cryptocurrency is about to get a makeover, at least if one supporter gets his way. Earlier this week, Alexavier Guzman unveiled XRP Symbol, an open-source quest to find a new logo for XRP — and assign it a Unicode-compliant currency sign. Guzman explained in a Forbes op-ed that he was prompted to

The post As SEC Debates Whether Cryptocurrencies Are Securities, Initiative Seeks to Distance XRP from Ripple appeared first on CCN

Opinion: Calm before the Storm? The Coming Crackdown on ICOs

In the last two weeks, there have been a couple of events worth noticing.  The first went by almost unnoticed and did not spark the interest and comments that it should have.  The second just happened on May 3rd and will probably start raising some attention in the next few days if and when people

The post Opinion: Calm before the Storm? The Coming Crackdown on ICOs appeared first on CCN

‘Wait-and-See’: S&P Dow Jones CEO Isn’t Launching a Cryptocurrency Price Index (Yet)

The S&P Dow Jones will not be introducing a cryptocurrency index, at least for now, says chief executive officer, Alex Matturri. He however acknowledges the popularity and growing uptake of digital currencies such as bitcoin. Bloomberg quoted Matturri saying the Dow Jones was taking a wait-and-see approach regarding the introduction of cryptocurrency price indices. Matturri

The post ‘Wait-and-See’: S&P Dow Jones CEO Isn’t Launching a Cryptocurrency Price Index (Yet) appeared first on CCN

US Judge Backs $27 Million Asset Freeze of ‘Crypto’ Firm Longfin

A US federal judge has extended the freeze $27 million in assets owned by individuals behind Longfin, a company that saw its value surge as much as 2600% in late December following a purported pivot into the cryptocurrency space. In a ruling on Tuesday, a federal district court in Manhattan approved a motion filed by

The post US Judge Backs $27 Million Asset Freeze of ‘Crypto’ Firm Longfin appeared first on CCN

US Regulators Examining Whether Ethereum is a Security: WSJ Report

US federal securities and commodities regulators are quietly examining whether ethereum (ETH), the world’s second-largest cryptocurrency, should be classified as a security. According to the Wall Street Journal, regulators at the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) are investigating whether many popular cryptocurrencies — not just initial coin offering (ICO)

The post US Regulators Examining Whether Ethereum is a Security: WSJ Report appeared first on CCN

SEC: ICO Tokens Should Be Regulated as Securities, Not Bitcoin

The role of cryptocurrencies was thrust into the spotlight during a hearing between Congress and the US Securities and Exchange Commission. The US House of Representatives Committee on Appropriations held a hearing with the Wall Street regulator on April 26, and they explored regulating cryptocurrencies in what they still seem to believe exist in a

The post SEC: ICO Tokens Should Be Regulated as Securities, Not Bitcoin appeared first on CCN

Ethereum(Eth) and Ripple(XRP) are ‘Noncompliant Securities,’ Says Fmr. CFTC Chairman

The two most valuable altcoins are most likely “noncompliant securities” under US law, claims a former markets regulator. Gary Gensler, a former head of the Commodity Futures Trading Commission (CFTC), said that he believes Ether and XRP have been issued through unregistered securities offerings and are trading illegally on the hundreds of cryptocurrency exchanges that

The post Ethereum(Eth) and Ripple(XRP) are ‘Noncompliant Securities,’ Says Fmr. CFTC Chairman appeared first on CCN

US Regulators Asked Not to Classify Ethereum as a Security: NYT Report

A trade group representing venture capital firms that invest in cryptocurrencies has requested that US securities regulators provide formal assurance that ether, the native currency of the Ethereum platform, is not a security. As CCN reported, the “Venture Capital Working Group” — comprised primarily of lawyers and representatives from Silicon Valley venture firms Andreessen Horowitz

The post US Regulators Asked Not to Classify Ethereum as a Security: NYT Report appeared first on CCN