US & Canada

Arizona Bitcoin Trader Gets Jail Sentence for Money Laundering

2 weeks ago admin2 Comments Off on Arizona Bitcoin Trader Gets Jail Sentence for Money Laundering
A former cryptocurrency trader and exchange operator from the U.S. state of Arizona, has been sentenced to 41 months in jail for laundering drugs money with bitcoin. The sentencing was announced by the Department of Justice on Wednesday, after a federal jury convicted Thomas Mario Costanzo on five charges of money laundering on March 28. The Read More

The SEC’s Hester Peirce Isn’t a Bitcoin Champion, Just a Regulatory Realist

3 weeks ago admin2 Comments Off on The SEC’s Hester Peirce Isn’t a Bitcoin Champion, Just a Regulatory Realist
Regulators like the Securities and Exchange Commission shouldn’t be acting as gatekeepers to new technologies like bitcoin, according to Commissioner Hester Peirce. Peirce’s remarks, made during an interview with CoinDesk, follow the agency’s decision to confirm the 2017 rejection of a bitcoin-tied exchange-traded fund backed by Cameron and Tyler Winklevoss, which reinforced the argument made Read More

Crypto Exchange Coinbase Forms Political Action Committee

1 month ago admin2 Comments Off on Crypto Exchange Coinbase Forms Political Action Committee
Cryptocurrency exchange Coinbase has formed a Political Action Committee (PAC), according to government documents published Friday night. A disclosure published by the U.S. Federal Election Commission revealed that the exchange formed the “Coinbase, Inc. Political Action Committee” in June 2018, though it has yet to raise or donate any money. The Form 3x – a Read More

FINRA Wants to Know All About Member Firms’ Crypto Activities

1 month ago admin2 Comments Off on FINRA Wants to Know All About Member Firms’ Crypto Activities
A U.S. self-regulatory body for broker-dealers is requesting member firms to submit a wide range of details relating to their cryptocurrency-focused activities. In a regulatory notice issued on Friday, the Financial Industry Regulatory Authority (FINRA) said the requested information will supplement its existing efforts to “ascertain the extent of its member firms’ involvement” in the Read More

Charts: SEC Data Shows Token Filing Figures Just Keep Rising

2 months ago admin2 Comments Off on Charts: SEC Data Shows Token Filing Figures Just Keep Rising
Regulatory uncertainty or not, data from the SEC indicates the number of filings related to token sales continues to trend upward. Indeed, a review of SEC data through June indicates that the SEC has received nearly 100 filings for token sales (93) in the past year, beginning with four in August 2017 and building to an Read More

Hackers Demand $1 Million in XRP After Bank Data Theft

3 months ago admin2 Comments Off on Hackers Demand $1 Million in XRP After Bank Data Theft
Hackers who stole information on thousands of Canadian bank users have demanded $1 million-worth of the cryptocurrency XRP to not release the data trove. According to a CBC News report Tuesday, the two banks hit by the breach, Bank of Montreal and CIBC’s online bank Simplii Financial, have said that the personal information of a total of Read More

Move ‘Em Out: ICOs Don’t Seem So Scary Outside the US

3 months ago admin2 Comments Off on Move ‘Em Out: ICOs Don’t Seem So Scary Outside the US
ICO issuers are starting to look to jurisdictions outside the U.S. to set up shop. In an environment of regulatory uncertainty, where the U.S. Securities and Exchange Commission (SEC) has begun investigating ICOs and the industry surrounding the capital raising technology but has yet to make a formal decision of how it will regulate crypto Read More

Jennifer Aniston, Prince Charles Falsely Used to Promote Crypto Scam

3 months ago admin2 Comments Off on Jennifer Aniston, Prince Charles Falsely Used to Promote Crypto Scam
Texas’ securities watchdog has issued an emergency cease-and-desist order to a purported cryptocurrency investment scheme that it says tried to dupe investors with fake endorsements from high-profile individuals. Among other alleged failings, Houston-based Wind Wide Coin is said to have fabricated client profiles using images of public figures including actress Jennifer Aniston, Prince Charles and former Finland prime minister Matti Read More

Winklevoss Crypto Exchange Wins Approval to Trade Zcash

3 months ago admin2 Comments Off on Winklevoss Crypto Exchange Wins Approval to Trade Zcash
The Winklevoss twins’ Gemini digital currency exchange has become the first in New York to receive a license to trade the privacy-focused cryptocurrency zcash. Alongside the news, Gemini announced support for trading zcash on Monday. Starting from May 19, Gemini users will be able to start depositing zcash (ZEC) into their accounts, the exchange said in a Read More

US Regulators Say They Want to Avoid ‘Hindering’ Blockchain Innovation

3 months ago admin2 Comments Off on US Regulators Say They Want to Avoid ‘Hindering’ Blockchain Innovation
U.S. regulators are still looking into cryptocurrencies and initial coin offerings, but don’t aim to suppress the industry, according to comments made during a panel at CoinDesk’s Consensus 2018 conference in New York. Commodity Futures Trading Commission (CFTC) enforcement director James McDonald, Securities and Exchange Commission (SEC) Enforcement Division Cyber Unit chief Robert Cohen and associate Read More