Messaging app Kik intends to take the fight to the SEC if regulatory action is taken against its 2017 token sale. Canadian-based social media startup Kik is gearing up to challenge a proposed enforcement action from the United States Securities Exchange Commission (SEC) over a fundraising initiative in 2017. The American securities regulator believes that […]
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The results of a survey appeared to sway Korean lawmakers, who had previously debated lifting the 18-month-old ban on domestic ICOs. South Korea will continue to ban initial coin offerings (ICOs) in the country, state financial regulator the Financial Services Commission (FSC) confirmed in a press release Jan. 30. Unveiling the results of a survey […]
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The Monetary Authority of Singapore warned public against a scam that claims crypto is officially adopted in the country. The Monetary Authority of Singapore (MAS) has warned the public against an alleged scam claiming that a cryptocurrency is officially adopted by the government, according to an official statement on Jan. 29. MAS, which is both […]
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A Swiss-based ‘smart card’ wallet firm, Tangem, will produce physical banknotes for the Marshallese digital currency. Tangem, a Switzerland-based ‘smart card’ wallet manufacturer will reportedly issue physical banknotes for the Sovereign (SOV), the state digital currency of the Marshall Islands, according to an announcement on Jan. 28. Per the announcement, physical representations of the digital […]
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Howard Schultz has announced he is considering an independent run in the forthcoming 2020 United States presidential elections. The former CEO and chairman of Starbucks, Howard Schultz, has announced he is considering an independent run in the forthcoming 2020 United States presidential elections, in a tweet posted on Jan. 27. “I love our country, and […]
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Belarus’ largest bank, Belarusbank, is considering setting up a cryptocurrency exchange, focusing on digitization in 2019. Belarusbank, the largest bank in Belarus, is considering setting up a crypto exchange, local information agency BelTA reports on Jan. 28. According to the bank’s chairman of the board Viktor Ananich, efforts are now being made to explore the […]
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Kik says the SEC will be “doubling down on a deeply flawed regulatory and enforcement approach” if it pursues an enforcement action. Tokenized social media startup Kik has warned United States regulators that they would fight back against a proposed enforcement action against the company, the Wall Street Journal (WSJ) reported on Jan. 27. Canada-based […]
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The move ended a week of little action for Bitcoin, which had managed to preserve support above the $3,500 barrier. Monday, January 28 — Bitcoin (BTC) lost 3 percent and altcoins shed up to one tenth of their value as bearish moves returned to cryptocurrency markets. Market visualization from Coin360 Data from Cointelegraph’s price tracker […]
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The U.K.’s financial watchdog has released a detailed consultation paper on regulation of crypto. On Jan. 23, the United Kingdom’s Financial Conduct Authority’s (FCA), the domestic financial regulator, released a 50-page-long consultation paper dubbed “Guidance on Cryptoassets.” As the U.K. seems to be moving closer toward rolling out a definitive regulatory framework, it is time […]
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Created by Ethereum co-founder Gavin Wood, crypto startup Polkadot aims to raise up to $60 million in a new ICO, the WSJ reports. Crypto startup Polkadot (DOT), created by Ethereum (ETH) co-founder Gavin Wood, is planning an initial coin offering (ICO) aiming to raise up to $60 million, the Wall Street Journal (WSJ) reported Jan. […]
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