After a stretcher, coin hodlers are finding reprieve. BTC/USD is up $350 in the last day but could edge higher now that Wall Street companies are forming a self regulatory group—ADAM with the aim of “cleaning” the crypto image. At the same time, NASDAQ plan to launch its first Bitcoin Futures by Q1 2019 should… Continue reading Bitcoin Price Analysis: BTC/USD add $350 but Could Rally To $6,000 by Dec 2018
Category: cftc
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SEC Orders Airfox and Paragon to Return Millions to Investors on ICO Registration Violations
The U.S. Securities and Exchange Commission (SEC) has settled charges against two cryptocurrency companies which were accused of violating ICO securities offering registration rules. Both firms, Carrier EQ (Airfox) and Paragon Coin sold digital tokens in ICOs in 2017 after the regulator’s official stance on the ICO. Some crypto fundraisers can be considered securities offerings, according to… Continue reading SEC Orders Airfox and Paragon to Return Millions to Investors on ICO Registration Violations
Bitcoin Hedge Fund and CEO Slapped With $2.5 Million Penalty for Ponzi Scheme
A New York federal court has ordered BTC hedge fund Gelfman Blueprint, Inc.and its CEO Nicholas Gelfman to pay over $2.5 million in penalties for a fraudulent Ponzi scheme. A New York federal court has ordered cryptocurrency hedge fund Gelfman Blueprint, Inc. (GBI) and its CEO Nicholas Gelfman to pay over $2.5 million for operating… Continue reading Bitcoin Hedge Fund and CEO Slapped With $2.5 Million Penalty for Ponzi Scheme
Former CFTC Chairman Gary Gensler: ICOs Should be Considered Securities
Former CFTC chairman Gary Gensler said that coins sold through ICOs should be considered securities. Former chairman of the U.S. Commodity Futures Trading Commission (CFTC), Gary Gensler said that most tokens sold through Initial Coin Offerings (ICOs) should be classified as securities, Bloomberg reported Oct. 15. Should cryptocurrencies be considered securities, they would fall under… Continue reading Former CFTC Chairman Gary Gensler: ICOs Should be Considered Securities
Nouriel Roubini Versus Blockchain: Notes from the Senate Floor
The famous crypto-hater testified to the US Senate committee alongside the blockchain advocate Peter Van Valkenburgh. Normally, there is very limited room for drawing legitimate comparisons between a Senate hearing and an Mixed Martial Arts (MMA) fight. Yet the hearing entitled “Exploring the Cryptocurrency and Blockchain Ecosystem,” which took place on October 11, 2018 on the… Continue reading Nouriel Roubini Versus Blockchain: Notes from the Senate Floor
Bitcoin Price Analysis: BTC a Commodity, Not Property Subject to Capital Gains Tax
Bitcoin prices are sensitive to regulatory news and this week’s judgment that Bitcoin is a commodity did spur more confusion. Needless, prices are largely unaffected and are in fact stable adding two percent in the last week. Like last week, traders are expecting higher high meaning our last Bitcoin trade plan is still valid. Latest… Continue reading Bitcoin Price Analysis: BTC a Commodity, Not Property Subject to Capital Gains Tax