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Category Archives: CryptoMarkets

EU Parliament and ECB Taking a Look At Cryptocurrencies Standard

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Last week, which admittedly was a slow financial markets news week, headlines in the cryptocurrency press announced that a new EU report told officials not to ban bitcoin. Blockchain News said the report “. . . blasts economists who criticize cryptocurrencies.”  There was no blasting. While the report prepared by an EU policy department did provide some sound bites, it was one of five reports about central bank monetary policy toward virtual currencies that the EU Parliament had requested. If the briefing papers do guide the discussions, there is no reason to expect shifts in today’s slowly evolving bank regulatory…

Crypto Crime Is a Focus of Trump’s New Task Force on Consumer Fraud Standard

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Crypto Crime Is a Focus of Trump’s New Task Force on Consumer Fraud Benjamin Bain and David McLaughlin – Bloomberg Justice Department-led group will target digital currencies; Fraud against elderly and veterans will also be priorities In forming a new task force to protect consumers from fraud, the Trump administration made clear that one of the greatest threats to the public is just emerging: red-hot markets for crypto coins. /jlne.ws/2L6ePAz Accenture to lead The Institutes’ blockchain platform development Matthew Lerner – BusinessInsurance.com The Institutes RiskBlock Alliance, the insurance organization’s blockchain consortium, said that Accenture P.L.C. will lead development of RiskBlock’s…

The crypto-currencies that die before they have bloomed Standard

The crypto-currencies that die before they have bloomed Rory Cellan-Jones – BBC It has been the biggest craze in investment of the last two years – the idea that creating your own crypto-currency through an Initial Coin Offering (ICO) is the route to riches. /jlne.ws/2m8IF9J Hackers steal $23.5 million from cryptocurrency exchange Bancor Stan Schroeder – Mashable Hackers attacked cryptocurrency exchange Bancor on Monday, compromising one of the company’s virtual wallets and stealing roughly $23.5 million worth of digital currencies. /jlne.ws/2m7QI6s London School Of Economics launches online certificate course about Cryptocurrency Investment and Disruption CryptoCurrency Guide RTT News reports that…

What’s Next for Bitcoin? Standard

What’s Next for Bitcoin? Sam Mamudi, Olga Kharif, and Matthew Leising – Bloomberg Last year, Bitcoin led a motley pack of so-called cryptocurrencies in one of the great booms in market history, soaring over 2,000 percent to its peak. Since then, it’s led an epic bust that rivals the dot-com era stock market collapse. But there are still plenty of true believers. Here’s a guide for those feeling at sea in these turbulent digital waters. /jlne.ws/2mbBJsx Stacking Up Coin and Equity Offerings Insights.coinigy.com An overwhelming majority of projects selling tokens are not selling cryptocurrencies, but rather cryptoassets. That is, few…

China’s The Blockchainer Bags Millions in Fresh Investment Standard

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China’s The Blockchainer Bags Millions in Fresh Investment Komfie Manalo – Cryptovest.com The Blockchainer has raised “tens of millions” of yuan from blockchain-focused fund management firms, with the money intended to support the global expansion the Shanghai-based blockchain services provider plans to undertake this year, the China Money Network reported. /jlne.ws/2KUUVZu World’s Largest Bank Eyes Faster Asset Exchange With Blockchain Wolfie Zhao – Coindesk The Industrial and Commercial Bank of China (ICBC), one of China’s “Big Four” state-owned commercial banks and one of the world’s largest by total assets, is seeking to patent a blockchain system for the exchange of…

World’s Largest Crypto Exchange Eyes $1 Billion Profit Amid Rout Standard

World’s Largest Crypto Exchange Eyes $1 Billion Profit Amid Rout Cindy Wang – Bloomberg This year’s cryptocurrency crash has saddled bulls with billions of dollars in losses, but the world’s largest virtual currency exchange is still making money hand over fist. /jlne.ws/2KyHoqW Crypto Thefts Triple, Driving Growth in Coin Money-Laundering Olga Kharif – Bloomberg ‘Whole new generation of cyber criminals’ is emerging; Regulators are likely to crack down, CipherTrace CEO says Criminals are stealing more cryptocurrency from exchanges, and that’s driving growth in a cottage industry of services that allows for money laundering of coins, according to a new report….

Cryptocurrency Virtually Outlawed in India as Top Court Backs Ban Standard

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Cryptocurrency Virtually Outlawed in India as Top Court Backs Ban Upmanyu Trivedi and Rahul Satija – Bloomberg Supreme Court says central bank directive to remain in effect; RBI had ordered banks to stop dealings with crypto firms India’s top court refused to overturn a central bank ban on lenders from dealing in cryptocurrencies, a move that effectively outlaws the nascent industry in Asia’s third-largest economy. /jlne.ws/2KPUgoO Crypto Thefts Triple, Driving Growth in Coin Money-Laundering Olga Kharif – Bloomberg ‘Whole new generation of cyber criminals’ is emerging; Regulators are likely to crack down, CipherTrace CEO says Criminals are stealing more cryptocurrency…

Illegal Crypto Stock Sales Lead SEC to Settle With Nevada Men Standard

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Illegal Crypto Stock Sales Lead SEC to Settle With Nevada Men Chris Dolmetsch – Bloomberg Two Nevada men agreed to settle a lawsuit by securities regulators that accused them of profiting from illegal sales of a Hong Kong company that surged more than 900 percent last year. /jlne.ws/2Nlk9OX Survey Shows 40% of Canadians Have Sold Their Cryptocurrency NewsBTC A recent study investigating the investments habits of Canadians found that 40% of Ontario’s resident investors have sold their cryptocurrency holdings. /jlne.ws/2KCtbst Brokers Could Bring Billions to the Crypto Markets Viraj Shah – [blokt] – Blockchain, Bitcoin & Cryptocurrency News The democratic,…

Monster ICO has bedbugs, CorpFin says in first public letter Standard

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Monster ICO has bedbugs, CorpFin says in first public letter Anne Sherry – Wolters Kluwer As it promised it would do earlier in the month, the SEC has published the first “bedbug” letter on EDGAR. The letter from staff of the Division of Corporation Finance concerns a proposed token offering by Monster Products, Inc. Rather than engage with the registrant through the comment letter process, the staff explained that Monster’s Form S-1 contains such serious deficiencies that CorpFin will not perform a detailed examination of the filing. /goo.gl/EixXq9 Blockchain provider to launch crypto exchange this month; Trade.io readies for launch…