The government of crypto-friendly Switzerland has said that there are no current benefits to issuing a digital franc. The government of cryptocurrency-friendly Switzerland has shot down the idea of issuing a digital Swiss franc, for now. According to a Dec. 13 press release published on the Federal Council’s website, the Federal Council approved a report […]
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Legal action against Circle Society and its operator continues, two months after regulators charged both with fraud over an alleged $11 million BItcoin scheme. A United States court has granted regulators a preliminary injunction against an alleged Bitcoin (BTC) Ponzi scheme which reportedly defrauded investors of $11 million. In a filing with the United States […]
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Russia’s largest darknet marketplace is looking to raise $146 million in a token offering that would allow it to go global. Russia’s largest darknet marketplace is looking to raise $146 million in a token offering that would allow it to go global. As Forklog reported on Dec. 11, the token sale is almost certainly illegal […]
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Bakkt launches first U.S.-regulated BTC options and cash-settled futures, while CEO is set to become a senator. What does it mean for crypto? Earlier this week, institutional Bitcoin (BTC) futures platform Bakkt launched two new financial products: the first United States-regulated BTC options and cash-settled futures. The announcement came just three months after the project […]
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Shopin founder and former CEO Eran Eyal pleads guilty to felony charges for running a fraudulent initial coin offering that raised more than $42 million. The New York Attorney General (NYAG) Letitia James announced the conviction of Shopin founder Eran Eyal for orchestrating a fraudulent initial coin offering (ICO) following his guilty plea. As the […]
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Global blockchain-based marketplace Proof of Impact closed its first funding round led by American asset management giant Franklin Templeton. Proof of Impact, a blockchain-based, global marketplace for natural and social capital has closed a funding round led by American asset management firm Franklin Templeton Investments. On Dec. 12, Proof of Impact announced that it closed […]
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Switzerland-based cryptocurrency bank SEBA has rolled out its services to clients in nine new countries. Switzerland-based cryptocurrency bank SEBA has expanded its services to nine new countries. According to Finance Magnates on Dec. 12, SEBA revealed that accounts are now fully operational for institutional clients and accredited investors in Singapore, Hong Kong, the United Kingdom, […]
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Shopin Founder and CEO Eran Eyal allegedly spent $500,000 of investor funds on personal expenses. The United States Securities and Exchange Commission (SEC) has charged Eran Eyal, the founder Shopin, with orchestrating a fraudulent initial coin offering (ICO). In a press release on Dec. 11, the SEC alleged that the businessman and his company defrauded hundreds […]
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China’s securities regulator CSRC will reportedly open a tech division that will be headed by the former chief of the central bank’s digital currency initiative. China’s securities regulator is reportedly setting up a tech division that will be headed by the former chief of the central bank’s digital currency initiative. Yao Qian, a former director […]
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Paris-based asset management firm Napoleon AM announced the launch of a regulated Bitcoin fund, the Napoleon Bitcoin Fund. Paris-based asset management firm Napoleon AM announced the launch of a regulated Bitcoin (BTC) fund, the Napoleon Bitcoin Fund. The company announced in a press release that the fund was created on Nov. 8 and is a […]
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