Analyst: Bitcoin Needs Blessing From SEC to Rally, Market Desperate

bitcoin regulationNaeem Aslam, chief market analyst at Think Markets UK, has stated that Bitcoin needs a blessing from the US Securities and Exchange Commission (SEC) to revitalize and experience a recovery in price. According to Aslam, the approval of the first Bitcoin exchange-traded fund (ETF), which would allow accredited investors and individual traders in US markets

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SEC Halts Fraudulent ICO that Falsely Claimed Regulatory Approval

SEC ICO CryptocurrencyThe U.S. Securities and Exchange Commission (SEC) announced on Thursday that it had obtained an emergency court order to halt an initial coin offering (ICO) that fraudulently claimed to have SEC approval. According to the complaint, which was filed under seal on Oct. 3, Blockvest LLC and its founder — Reginald Buddy Ringgold, III, aka

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U.S. SEC Gets Tougher with Crackdown on ICO Funded Startups

SEC ICO CryptocurrencyThe U.S. Securities and Exchange Commission (SEC) has intensified efforts to crack down on Initial Coin Offering (ICO) funded startups. The financial regulator who had sent out a number of subpoenas to startups that failed to comply with its rules at the beginning of the year seems to be exerting more pressure on those startups

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EU Watchdog Will Evaluate ‘Every’ ICO for Potential Regulatory Push

european union eu cryptocurrency ico regulationThe European Securities and Markets Authority (ESMA) is assessing every single ICO operating within its jurisdiction, Reuters reported on Oct. 8. ESMA chair Steven Maijoor — who warned crypto investors in Jan. 2018 that they could potentially lose all of their funds by investing in initial coin offerings (ICOs) — said that he had been observing the current regulations

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CFTC Cracks Down Harder on Cryptocurrency Fraud Under Trump

bitcoin cryptocurrency crime fraud jailThe Commodity Futures Trading Commission (CFTC) has bolstered its police actions in the last fiscal year, driven largely by cryptocurrency cases, according to The Wall Street Journal. Under President Trump, the federal derivatives market regulator levied about $900 million in civil penalties in 2018 alone, exceeding the annual amount in five of the eight years

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‘Rehypothecation’: Inside the Wall Street Practice that Could Ruin Bitcoin

Note: This is part 3 in a multi-part article series exploring rehypothecation and commingling in bitcoin and other cryptocurrency markets. Part 1 and part 2 are interviews with Caitlin Long and parts 3 and 4 ask the question, “How did we get to a place that where laws look like this?” In order to understand

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Bitcoin Price Manipulated by Cryptocurrency Trading Bots: WSJ

Bots that manipulate bitcoin price are not new, and they aren’t going away, according to The Wall Street Journal. The problem continues to draw regulatory scrutiny, as it was cited by the Securities and Exchange Commission (SEC) when it rejected several bitcoin ETF applications in August. Andy Bromberg, president and co-founder of CoinList, which issues tokens,

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TechCrunch Founder Outraged at US SEC, Will Crypto Firms Also Pivot to Asia?

The US Securities and Exchange Commission (SEC) has been heavily criticized for its actions against Elon Musk’s Tesla, the crypto market and investment firms within the local market. On Sept. 29, Michael Arrington, the co-founder of TechCrunch, announced that his venture capital firm has decided to move out of the US and relocate to Asia

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Ripple-Hired Lobbying Firm Will Get Paid [Partially] in Cryptocurrency

A lobbying firm in America’s political capital that has been hired by cryptocurrency firms including Ripple will now get a certain portion of its fee paid in XRP. The Washington, D.C.-based Klein/Johnson Group has been contracted by the San Francisco-based Ripple and several other firms in the cryptocurrency sector and will be paid for its

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15 Congress Members Ask SEC to Clarify Cryptocurrency and ICO Guidelines

More than a dozen members of Congress have signed a letter asking Securities and Exchange Commission (SEC) Chairman Jay Clayton to clarify the guidelines the agency uses to determine whether cryptocurrency assets are securities under federal law. The letter, which according co-signer Rep. Ted Budd (R-NC) has already been signed by 15 lawmakers across the

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