A hearing with U.S. House Committee and the SEC on Tuesday made clear that everybody wants a crypto regulation program but nobody wants to act first. Yesterday, Sept. 24, Cointelegraph reported from the United States House Financial Services hearing with the chairman and four commissioners of the Securities and Exchange Commission (SEC). The hearing was […]
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Why did the Bitcoin network’s hash rate suffer a mysterious flash crash earlier this week? The Bitcoin (BTC) network’s hash rate suffered a mysterious flash crash on Sept. 23, in a sudden intraday plummet from 98,000,000 TH/S to 57,700,000 TH/s. By press time, levels have recovered back to 92,800,295 TH/S— yet remain shy of their […]
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The U.S. SEC has begun proceedings on the proposed rule change to securities laws to list Wilshire Phoenix’s Bitcoin ETF. The United States Securities and Exchange Commission (SEC) has initiated proceedings regarding the Wilshire Phoenix Bitcoin (BTC) exchange-traded fund (ETF) proposal. According to a Sept. 24 public filing, the SEC started proceedings to determine whether […]
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Coinbase-backed token issuance protocol Securitize completes a new funding round led by the VC arms of Banco Santander, MUFG and Nomura Holdings. Securitize, a Coinbase-backed token issuance protocol, raised $14 million in a funding round led by the venture capital (VC) wings of major commercial banks. The San Francisco-based startup has conducted an extension of […]
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The SEC received an S-3 stock registration filing for a blockchain-based digital preferred stock from online retail giant Overstock. Online retail giant Overstock filed an S-3 form for the registration of its blockchain-based digital preferred stock with the United States Securities and Exchange Commission (SEC). The news builds on previous reports that the firm was […]
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Cointelegraph presents ongoing updates from today’s U.S. House Financial Services Committee hearing with the SEC. Disclaimer: This report is being updated live from the Financial Services Committee floor. Check in for the latest on the hearing’s progress. In advance: As Cointelegraph reported on Sept. 20, the United States House of Representatives Financial Services Committee is […]
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The U.S. Securities and Exchange Commission charged Jonathan Lucas, the founder of adult entertainment marketplace Fantasy Market, with orchestrating a fraudulent ICO. The United States Securities and Exchange Commission (SEC) has charged Jonathan C. Lucas, the founder of adult entertainment marketplace Fantasy Market, with orchestrating a fraudulent initial coin offering (ICO). According to the SEC […]
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Canadian social media and messaging app company Kik is reportedly considering shutting down its popular messaging app. The Canadian social media and messaging app company Kik is reportedly considering shutting down its popular Kik messaging app. 70 reported layoffs at Kin subsidiary In a Sept. 23 article, Israeli tech publication CTech Calcalistit cites two anonymous […]
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Philipino lawmakers should not be in a hurry to pass financial technology regulation, according to local Senator Grace Poe. Philippine Senator Grace Poe said that local lawmakers should not be in a hurry to pass financial technology (fintech) regulation. Local news outlet Rappler reported on Sept. 23 that Poe made her remarks after a hearing […]
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CBOE withdraws its VanEck/SolidX Bitcoin ETF, leaving the SEC with just two similar but less popular proposals. On Sept. 17, the Chicago Board Options Exchange’s BZX Equity Exchange withdrew its VanEck/SolidX Bitcoin exchange-traded fund (ETF) proposal a month ahead of the review deadline. The United States Securities and Exchange Commission (SEC) — the regulator on […]
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