The number of crypto users has nearly doubled in the first three quarters of this year, according to a recently published study. Cryptocurrency gained 17 million “verified users” this year, according to a study published by the Cambridge Centre for Alternative Finance Dec. 12. According to the study, data show that in the first three […]
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A blog post from the University of Oxford Faculty of Law highlights the potential impact of a recent Canadian court ruling on lost or stolen crypto claims. A Dec. 12 Business Law Blog post from the University of Oxford Faculty of Law notes possible repercussions for lost and stolen crypto claims following a case in […]
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A U.S. federal court has ordered the founders of crypto startup AriseBank to pay $2.7 million in fines for allegedly defrauding hundreds of investors. A United States federal court has ordered two executives from crypto firm AriseBank to pay nearly $2.7 million in fines, according to a U.S. Securities Exchange Commission (SEC) announcement Dec. […]
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Russia’s parliament will discuss a draft bill on blocking suspicious financial websites, and experts believe it might affect “scam” ICOs. A group of Russian members of parliament (MPs) has introduced a draft bill on blocking suspicious financial websites on Tuesday, Dec. 11. Russian crypto media outlet Forklog believes it can encompass “scam” Initial Coin Offerings […]
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Allianz Global Investors’ CEO has called for crypto assets to be “outlawed,” citing surprise over regulators’ lack of intervention. The CEO of Allianz Global Investors (GI), an investment management firm with €524 billion ($595 billion) in assets under management, has called for crypto assets to be “outlawed,” Reuters reported Dec. 11. Allianz GI CEO Andreas […]
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SolarisBank and Stuttgart Exchange Group are jointly developing a crypto exchange meant to be launched in the first half of next year. SolarisBank and Stuttgart Exchange Group are jointly developing infrastructure for a cryptocurrency exchange, Cointelegraph Germany reports Dec. 12. The Stuttgart Exchange, founded in 1860, is the second largest stock exchange in Germany and […]
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The man behind the “Blockchain Terminal” ICO has been ousted as a convicted financial criminal who concealed his former identity. The man behind the “Blockchain Terminal” (BCT) Initial Coin Offering (ICO) has been ousted as a financial criminal who concealed his former identity from employees and investors alike. An investigation into the circumstances were published […]
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Mike Novogratz has said that the ICO market is “dead right now” during an interview on the current state of the crypto industry. Mike Novogratz compared current cryptocurrency market performance to a “methadone clinic” in an interview with Bloomberg Dec. 11. During the interview, Bloomberg asked Novogratz how coming from Wall Street made him different […]
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Blockchain browser Brave will be pre-installed on HTC’s blockchain browser, supporting cryptocurrency networks. Decentralized browser Brave is now the default browser on a phone from major smartphone manufacturer HTC, technology news outlet CNET reported Dec. 10. Founded in 1997, HTC is a Taiwanese consumer electronics manufacturer, which was the leading smartphone vendor in the U.S. […]
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SEC chairman Jay Clayton declared that ICOs are effective, but also pointed out that “securities laws must be followed.” United States Securities and Exchange Commission (SEC) Chairman Jay Clayton has said that Initial Coin Offerings (ICOs) “can be effective” but that “securities law must be followed.” Clayton spoke on the subject during a speech about […]
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