SEC

FATF Grades U.S. Government on Crypto Regulation Enforcement 

Source Node: https://insidebitcoins.com/news/fatf-grades-u-s-government-on-crypto-regulation-enforcement/256607
Time Stamp: April 5, 2020 12:32 PM - Modified On: May 21, 2021 - Published By:
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The Financial Action Task Force, one of the most prominent Anti-Money Laundering (AML) enforcers in the world, has called out the United States government for being lax on policy enforcement. On March 31, the body published a report in which it explained that the United States is only “largely compliant” with its AML and Counter-Terrorist Financing (CTF) regulations – especially when it comes to the issue of virtual currencies. Higher Awareness is Good, but Loophole Still Exist In the report, the FATF outlined the United States’ degree of compliance with the recommendations it issued last

Investors Intensify Their Complaint Against Stock Traders’ Crypto Ponzi Scheme

Source Node: https://insidebitcoins.com/news/investors-intensify-their-complaint-against-stock-traders-crypto-ponzi-scheme/256580
Time Stamp: April 5, 2020 8:45 AM - Modified On: May 21, 2021 - Published By:
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Despite the best efforts of many out there, cryptocurrency investment scams still exist and are running rampant in today’s world. It almost seems like you’ve got one popping up every week.An Age-Old Fraud SchemeAccording to a recent filing with a federal court in Florida, Q3 Investment Recovery Vehicle, a company that represents over 100 investors, has sued a third party company for cheating them out of a deal.As the complaint explains, Q3 I LP was a company that sold itself based on the expertise of its founders. These founders include

Govt. Pauses SEC Suit Against $30 Mln ICO Amid Parallel Investigation Concerns

Source Node: https://cointelegraph.com/news/govt-pauses-sec-suit-against-30-mln-ico-amid-parallel-investigation-concerns
Time Stamp: April 5, 2020 6:04 AM - Modified On: May 21, 2021 - Published By:
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Prosecutors have paused a United States Securities and Exchange Commission (SEC) lawsuit against the alleged operators of a $30 million fraudulent ICO amid concerns that proceedings may impact the integrity of a parallel investigation into the defendants.The United States attorney’s office for New Jersey intervened in the case on April 2.SEC suit paused amid integrity concerns over the parallel investigationThe SEC action against defendants Boaz Manor, Edith Pardo, and the associated companies CG Blockchain Inc and BCT Inc has been halted to maintain the integrity of parallel criminal investigations into

Quarantined Gamers Are Straining Microsoft Azure-based Blockchain Platform

Source Node: https://cointelegraph.com/news/quarantined-gamers-are-straining-microsoft-azure-based-blockchain-platform
Time Stamp: April 4, 2020 10:04 PM - Modified On: May 21, 2021 - Published By:
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Microsoft has acknowledged that the quarantined gamers are putting a strain on its Azure cloud platform which is a backbone of the company’s Blockchain As a Service (BaaS) offering.In the SEC filing, Microsoft addresses the impact of “the global health pandemic” on its Azure cloud services. The company admits that in certain regions “deployments for some compute resource types (...) drop below our typical 99.99 percent success rates”. Furthermore, Microsoft confirms that “Xbox Live [is] putting a strain on overall Azure capacity”:“As a result of the surge in use over

CFTC Requests Default After Failing to Find $147M Bitcoin Ponzi Operator

Source Node: https://cointelegraph.com/news/cftc-requests-default-after-failing-to-find-147m-bitcoin-ponzi-operator
Time Stamp: April 4, 2020 8:55 AM - Modified On: May 21, 2021 - Published By:
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The United States Commodity Futures Trading Commission (CFTC) has requested that the alleged founder of the crypto $147 million Ponzi scheme Control-Finance be declared a default.On April 3, the CFTC filed for a ruling of default after Control-Finance’s alleged founder and director, Benjamin Reynolds, did not respond to the regulator’s complaint.CFTC unable to locate Reynolds after 10 monthsThe CFTC’s complaint was filed during June 2019 — alleging that Reynolds misappropriated at least 22,858 BTC from more than 1,000 customers from May 1, 2017.In January 2020, the SEC requested additional time

Coinbase-Backed Crypto Rating Council Lists IOTA, BAT, and USDC

Source Node: https://cointelegraph.com/news/coinbase-backed-crypto-rating-council-lists-iota-bat-and-usdc
Time Stamp: April 3, 2020 9:04 PM - Modified On: May 21, 2021 - Published By:
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The question of whether certain cryptocurrencies constitute securities is becoming increasingly relevant within the blockchain industry. As such, some core players in the space are upping their efforts to bring more understanding to the issue.The Crypto Rating Council, or CRC, is a group of major United States’ crypto firms that advocates and promotes regulatory clarity in crypto. Recently, the CRC evaluated a number of new cryptocurrencies to determine whether they should show signs of being securities.Three new tokens are analyzedIn an April 2 blog post, the CRC published an introduction

IOTA Set for More Exposure on U.S Exchanges After New 2.0 CRC Rating

Source Node: https://coinfomania.com/iota-set-for-listing-on-u-s-exchanges-crc-rating/?utm_source=rss&utm_medium=rss&utm_campaign=iota-set-for-listing-on-u-s-exchanges-crc-rating
Time Stamp: April 3, 2020 6:10 PM - Modified On: May 21, 2021 - Published By:
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IOTA (MIOTA), the native token of the distributed ledger technology project led by the IOTA Foundation, could potentially be listed on more cryptocurrency exchanges in the United States in the coming weeks, Coinfomania has learned. The anticipated listing spree, which has already begun with a Bittrex Exchange listing earlier today, follows a recent rating report published by the Crypto Rating Council (CRC) on IOTA. The digital asset has until now been sparsely traded on U.S exchanges. The reason is that its properties and mode of initial distribution (a token sale)

VanEck: Bitcoin Correlation to Gold Jumped in 2020 Amid Market Sell-off

Source Node: https://coinfomania.com/vaneck-bitcoin-correlation-to-gold-jumped-in-2020/?utm_source=rss&utm_medium=rss&utm_campaign=vaneck-bitcoin-correlation-to-gold-jumped-in-2020
Time Stamp: April 3, 2020 2:38 PM - Modified On: May 21, 2021 - Published By:
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New York-headquartered investment management firm, VanEck has revealed in a new report that Bitcoin’s correlation to gold has risen significantly in 2020, especially during the recent broad market sell-off caused by the COVID-19 pandemic. According to the report published by Gabor Gurbacs, a Digital Asset Strategist at VanEck, Bitcoin’s correlation to gold has surged since the turn of the year and especially in recent weeks, further strengthening the debate the cryptocurrency is maturing as a safe-haven asset. Source (VanEck report) While the rest of the equity markets dipped in the

Beware! Scammers Are Out for Crypto Amid the Coronavirus Pandemic

Source Node: https://cointelegraph.com/news/beware-scammers-are-out-for-crypto-amid-the-coronavirus-pandemic
Time Stamp: April 2, 2020 3:52 PM - Modified On: August 29, 2021 - Published By:
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As the world continues to battle with the deadly coronavirus pandemic, immoral cybercriminals are once again on the prowl. This time, they are using the chaos and fear through phishing techniques and sophisticated malware hacks to access people’s crypto holdings.On March 27, residents in the United Kingdom received warnings from their local councils “to be on their guard against a series of scams attempting to take advantage of the coronavirus outbreak.” Scammers have been using other tricks to lure victims, including the use of false Bitcoin (BTC) donation channels, fake

SEC Demanding Feedback Regarding Proposed Security Exchange Of tZERO’s

Source Node: https://insidebitcoins.com/news/sec-demanding-feedback-regarding-proposed-security-exchange-of-tzeros/256192
Time Stamp: April 2, 2020 8:39 AM - Modified On: August 29, 2021 - Published By:
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Through a letter dated the 1st of April, the Securities and Exchange Commission, or SEC, gave out, the regulator stated that it would extend the timeline in regards to its review of the operations by a security token exchange, particularly one affiliated with tZERO.Needing More Time To Review ProposalIn what’s assumed isn’t an April Fools joke, the SEC stated that it would seek further analysis and input when it comes to BOX Options Exchange’s proposal for rule changes. These changes were made in order to start its operations within the

SEC Postpones Decision on Overstock-Affiliated Security Token Exchange

Source Node: https://cointelegraph.com/news/sec-postpones-decision-on-overstock-affiliated-security-token-exchange
Time Stamp: April 2, 2020 6:56 AM - Modified On: August 29, 2021 - Published By:
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The United States Securities and Exchange Commission is seeking more feedback and more time before it decides whether to approve the launch of the Boston Security Token Exchange (BSTX).In a letter published on April 1, the regulator postponed the current April 2 deadline in light of responses to a recent proposed rule change to BSTX’s original filing.The proposed exchangeBSTX is a project for a regulated security token exchange platform that would be jointly owned by Box Digital Markets and Overstock’s blockchain arm tZERO. As the SEC summarizes in its April

New York Judge Says Telegram Can’t Distribute Grams Outside U.S. Either

Source Node: https://cointelegraph.com/news/new-york-judge-says-telegram-cant-distribute-grams-outside-us-either
Time Stamp: April 1, 2020 11:29 PM - Modified On: August 29, 2021 - Published By:
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A New York judge has ruled that the injunction barring Telegram from issuing its Gram tokens extends to all entities in the United State and overseas.On April 1, U.S. District Judge P. Kevin Castel, responded to the encrypted messaging firm’s request for clarification as to the scope of the court’s March 24 preliminary injunction. He denied Telegram’s move to distribute tokens to the non-US-based participants of its 2018 initial coin offering (ICO).Approximately $1.27 billion of the funds raised to finance the development of the Telegram Open Network (TON) came from