Bitcoin’s rally to $15.9K stole the limelight from DeFi tokens and decentralized exchanges but the tables could turn rapidly. Bitcoin’s long-waited bull run and the recent wave of corporate and institutional investors allocating significant portions of their reserves to Bitcoin (BTC) are all signs that the pace of crypto’s mainstreaming is rapidly accelerating: But has […]
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Blockchain technology is just a tool that solves a problem, it cannot be the goal of the entire project. In 2017, when everything concerned with cryptocurrency and blockchain still looked fresh and interesting, it seemed that there would be no day without a new “revolutionary” project or idea. Decentralized financial system, decentralized torrent tracker, decentralized […]
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Telegram must pay $625,000 to Lantah LLC — a small crypto firm it sued in 2018 over using the ‘GRAM’ trademark and ticker. Telegram Messenger Inc. has been ordered to pay nearly $625,000 worth of legal fees to a small cryptocurrency firm that it sued over using the ‘GRAM’ crypto-ticker and trademark. In a Nov. […]
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“While each component in this patchwork system makes some sense in isolation, collectively, there is substantial room for improvement.” The United States Securities and Exchange Commission voted to amend a set of rules to simplify and improve the “overly complex” procedures for exempt securities offerings. According to an announcement Monday from the SEC, the proposed […]
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The U.S. Department of Justice has articulated its digital enforcement strategy, putting the crypto community on notice. The United States Attorney General’s Cyber-Digital Task Force recently unveiled the result of its months-long effort to evaluate emerging cryptocurrency-related threats and articulate law enforcement strategies for countering them. The resulting guidance leaves the reader with an impression […]
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Raising $10 million out of $117 million to date, INX expects to finish the IPO by year’s end. Global digital asset trading platform INX is expanding its ongoing initial public offering, with listings on exchanges worldwide. In a move to boost the liquidity in its $117 million IPO, INX has applied with the Canadian Securities […]
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“Binance has always operated within the boundaries of the law,” said CZ. Changpeng Zhao, CEO of Binance, is pushing back hard against allegations that the crypto exchange set up its U.S. arm to circumvent regulations and surreptitiously profit from investors. According to an Oct. 29 article from Forbes writer Michael Del Castillo, the news outlet […]
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Hinman’s commentary on the status of cryptocurrencies and the Howey Test was particularly critical to regulation surrounding ICOs. On Wednesday, the Securities and Exchange Commission (SEC) announced the departure of William Hinman by the end of this year. Hinman joined the commission in 2017 and is currently the director of the SEC’s Division of Corporate […]
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The crypto industry records another major acquisition in 2020. According to an official announcement, INX has signed a term-sheet for the acquisition of OpenFinance, which operates as a registered broker-dealer in compliance with the Financial Industry Regulatory Authority and the Securities Investor Protection Corporation. With the new deal, INX is set to acquire OpenFinance’s broker-dealer […]
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With new changes to the Travel Rule up for discussion and a bevy of new cases in the courts, it’s time to look at how U.S. AML law is shifting to cope with crypto. The ease of laundering money in the U.S. before 1970 boggles the mind. Prior to the Bank Secrecy Act (BSA) of […]
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