Courts are beginning to modernize the Howey Test for blockchain tech and cryptocurrencies. If there’s anything to take away from this federal class-action suit, it’s that this new opinion on ATB Coin provides further guidance on when a token might be considered a security under securities law in the United States. For those with a […]
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Japanese cryptocurrency exchange Zaif announced that the transfer of the exchange will become effective on April 22. Japanese cryptocurrency exchange Zaif announced that the transfer of the business from Tech Bureau to Fisco Digital Asset Group (FDAG) will become effective on April 22, and that normal activity will resume on the next day. Cointelegraph Japan […]
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Thor Token is shutting down as the project “was not able to gain traction and achieve commercial success.” San Francisco-based blockchain project Thor Token is shutting down as the project “was not able to gain traction and achieve commercial success.” The news was announced by co-founder and CEO at Thor, David Chin on April 9. […]
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South Korea’s state arms procurement agency DAPA plans to use blockchain for secure sharing of data about military acquisition projects. South Korea’s Defense Acquisition Program Administration (DAPA) plans to improve the reliability of data in the arms industry by using blockchain, the agency announced in a press release on April 10. The state arms procurement […]
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Coinbase CEO Brian Armstrong believes that in order to attract more investors cryptocurrencies need to be stable, fast and user friendly. Brian Armstrong, CEO of major United States cryptocurrency exchange Coinbase, believes that crypto mass adoption mostly depends on volatility, scalability and usability. Armstrong made his claim during a live ask-me-anything (AMA) session on April […]
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Browser-based blockchain payments system Nimiq has acquired a 9.9 percent stake in Germany’s WEG Bank AG. Browser-based blockchain payments system Nimiq has acquired a 9.9 percent stake in Germany’s WEG Bank AG, according to an official announcement published on April 3. The stake acquisition comes as part of Nimiq’s new strategic partnership with WEG Bank […]
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Founders of Canadian-based Vanbex reportedly used the $22 million raised in an ICO for personal benefit instead of building promised products. Canadian police have frozen assets of the founders of blockchain consulting firm Vanbex, which raised $22 million in an alleged fraudulent initial coin offering (ICO). The development was reported in a court document released […]
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Hasegawa Jun, the founder of Omise — the company behind OmiseGo (OMG) — denied the recent acquisition rumors. Hasegawa Jun, the founder of Omise — the company behind OmiseGo (OMG) — denied the recent acquisition rumors in correspondence to Cointelegraph Japan on March 30. On March 29, cryptocurrency news outlet The Block Crypto reported that […]
Continue ReadingMergers are becoming more common in crypto, but what happens when things go wrong? Mergers. They’re a tricky business at the best of times, but when conducted in a nascent industry in which regulations, guidelines and best practice haven’t been firmly established, they can be absolutely perilous. Just ask Coinbase, which acquired blockchain analytics startup […]
Continue ReadingTron, issuer of the 11th top cryptocurrency by market cap, has acquired blockchain app store CoinPlay. The Tron Foundation, the firm behind TRX, the 11th top crypto by market cap, has acquired blockchain app store CoinPlay, Tron’s CEO, Justin Sun, tweeted on March 28. With the new acquisition, Tron intends to contribute to the aggregation of […]
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