In a report by the Office of Compliance Inspections and Examinations (OCIE) of the US Securities and Exchange Commission (SEC), the cryptocurrency space has been named as a priority. The body states that the industry may pose high levels of risk to retail investors. The OCIE oversees thousands of investment advisers, mutual funds and ETFs,…
Divisions are forming across Asia with regards to cryptocurrencies. Some nations such as China are constantly stomping on anything to do with crypto assets but others, Thailand being the latest, are opening their digital doors to the fledgling industry. Thai SEC Approves Crypto Exchanges Thailand started out with a heavy handed approach to cryptocurrencies proposing…
The United States Securities and Exchange Commission works to educate potential crypto investors on the pitfalls of investment scams, calling out certain “red flags” investors can look out for that may indicate the investment opportunity could be a scam. Among the most glaring of the red flags cited, are the promise of guaranteed returns. A…
Since Bitcoin (BTC) was formally classified as a pseudo-commodity, crypto investors have been pestering regulators, namely the U.S. Securities and Exchange Commission (SEC), about how their favorite cryptocurrencies stack up. Ethereum (ETH), in its “current decentralized state,” was hinted at being in the same boat as BTC. But for a majority of other cryptocurrencies, primarily…
Bitcoin is dead; Blockchain is wasted; Crypto is gone–this is something the world has been told over and over again. The first ever article that predicted a bitcoin death was published in 2010 by Tim Harford, an economist. At that time, bitcoin was trading at $0.23. The following year, after bitcoin surged to $7.80, Gizmodo…
Blockchain and crypto projects that raised millions of dollars via tokenized crowdfunding means are now lining up to return their capital to their original investors. Because apparently, they were not allowed to raise funds in the first place. The Securities and Exchange Commission (SEC) has gone after these startups for reportedly violating existing securities laws. The…
In a bear market-induced sense of panic, the crypto market at large has stopped responding to industry developments altogether, with the news of the past week coming in one ear, and out the other. Regardless, startups still seem hell-bent on bolstering this industry’s infrastructure. And, frankly, this unrelenting drive for innovation doesn’t come unwarranted. As once…
After Coinbase announced that it would review some 30-plus crypto assets for listing, the crypto community launched a word-war against it. The conservative US exchange, which operates under the strict watch of the Securities and Exchange Commission (SEC), revealed the names of these tokens in a recent announcement on Friday. While the new assets include…
The current state of the cryptocurrency markets is leading investors to place a significant amount of their hope into future products and events, including the potential approval of the VanEck/SolidX Bitcoin ETF that is currently awaiting the U.S. Securities and Exchange Commission’s (SEC’s) approval. Despite this, one SEC commissioner who is notably bullish on cryptocurrencies,…
The impassioned crypto community on Twitter, specifically prominent commentators and analysts, took up arms over the weekend, as the U.S. Securities and Exchange Commission (SEC)’s indictment of DJ Khaled and Floyd Mayweather became an industry flavor of the month. But why? SEC Fines DJ Khaled, Floyd Mayweather In ICO Ruling Per previous reports from NewsBTC, last week,…