Crypto News

SEC Chief: You’re ‘Sorely Mistaken’ if You Think Bitcoin’s All Grown Up

U.S. Securities and Exchange Chairman Jay Clayton just delivered a rebuke to cryptocurrency backers, alleging that Bitcoin is unlikely to trade on a major US exchange until it’s much better regulated. Crypto’s Not Ready for Prime-Time The chairman of the independent agency of the United States federal government stated in his opening speech at Delivering […]

Crypto News

‘You’re on Your Own’: UK Watchdog is Fear-Mongering Bitcoin Investors

Britain’s financial watchdog has warned investors that they have no regulatory protections to turn to when they buy or sell cryptocurrencies. According to the Financial Conduct Authority, the UK’s Financial Services Compensation Scheme does not cover cryptocurrencies such as Bitcoin and Ethereum. Additionally, crypto investors cannot seek the services of the UK Financial Ombudsman Service: […]

Bitcoin

SEC Tells ICOs: You’re Forgiven If You Cooperate and Pay the Fine

The SEC is apparently going easy on ICOs who are cooperating, paying a fine, and returning the raised money to investors.  A Litany of Settlements The US Securities and Exchange Commission (SEC) is reaching settlements with cryptocurrency Initial Coin Offering (ICO) projects that accept the Commission’s ruling on violating securities regulations. Fortune reports that the […]

Bitcoin

BitGo Hopes You’re Hungry For A Bitcoin Wrap on the Ethereum Blockchain

BitGo yesterday announced Wrapped Bitcoin, an ERC20 token on the Ethereum blockchain, fully backed by bitcoin. The project, in partnership with Kyber Network and Republic Protocol, will launch in January 2019. And Twitter asked… Why? As we should now expect from the Twitterverse, responses were swift and brutal. Andreas M. Antonopoulos received twice as many likes […]