Colorado Securities Commissioner Gerald Rome has issued signed orders to show cause that three cryptocurrency businesses have allegedly offered and promoted unregistered ICOs in Colorado. The investigation is part of a recent crackdown against fraudulent ICOs by officials of the Division of Securities under Colorado State’s Department Of Regulatory Agencies (DORA). ‘ICO Task Force’ Targets Project Marketing Fake Forbes Partnership …
Economic and financial affairs ministers from the European Union’s (E.U.) 28 member states will reportedly hold an informal meeting on the challenges posed by digital assets and the possibility of tightening regulations, Bloomberg reported August 29. According to a draft note seen by Bloomberg, participants will discuss a general lack of transparency and the potential for cryptocurrency to be used …
Rosfinmonitoring, the Russian government agency responsible for monitoring and preventing financial crimes in the country, is seeking to expand its internal systems to account for cryptocurrencies. The order, first reported earlier this week by the BBC, indicates that the agency wants to beef up its ability to monitor alternative types of transactions, including those made with cryptocurrencies. According to the …
This month the Blockchain Transparency Institute (BTI) published a research report that claims quite a few of the top cryptocurrency exchanges are overstating their trade volumes or participating in wash trades. BTI explains that out of 130 of the top cryptocurrency trading platforms researched, the organization estimates that every 24-hours over $6B worth of digital asset trade volumes are faked. …
The ecosystem’s largest bank and quasi-exchange, Coinbase, commissioned a survey about higher education (students and faculty) attitudes toward crypto and blockchain. They found over 40% of leading universities around the world offer at least one course in blockchain or crypto, and 25% of all students, regardless of major, said they would consider taking classes in either subject. Coinbase and Qriously …
Slovenian bitcoin mining marketplace NiceHash has announced that it has successfully reimbursed 60 percent of all funds stolen in last December’s hack, which saw 4,700 BTC worth approximately $65 million stolen from the firm. Seventh Reimbursement The news was announced in a post on its Twitter account, where it was revealed that the seventh reimbursement of its repayment program was …
JP Morgan CIO Lori Beer said at a press conference in Buenos Aires that blockchain will “replace existing technology” in a few years, according to Argentinian website Cripto247 August 23. “We will see a greater and wider use of blockchain […] In a few years blockchain will replace the existing technology, today it only coexists with the current one,” Beer …
Cryptocurrency exchange Huobi is quietly seeking to become the largest shareholder of a firm that is publicly listed in Hong Kong – a move that, if completed, could open the door for Huobi to go public via a reverse takeover. According to shareholding disclosures filed by the firm, Pantronics Holdings, on Aug. 21 to the Hong Kong Stock Exchange, the company …
BuySellAds Zone Code Bank of America has filed another blockchain patent. It may be the largest holder of blockchain-related patents among the major banks in the USA. Bank of America’s latest patent brings their total to more than 50. The number of patents they have is impressive, but this recent patent could be a portent of bigger things to come. …
Sanctions-hit North Korea is planning to host its first-ever international conference focusing on cryptocurrencies and blockchain technology in October. According to Radio Free Asia, the event will be held in the hermit kingdom’s capital of Pyongyang and will stretch for two days beginning October 1. Per various reports, the conference is expected to attract blockchain and cryptocurrency experts from …
