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
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Report: SEC Expands Crackdown on ICOs, Regulatory Ambiguity Remains
Despite recent calls from Congress to provide regulatory clarity on ICOs, the SEC continues is crackdown on hundreds of ICOs, according to a joint report. The U.S. Securities and Exchange Commission (SEC) has expanded its crackdown on Initial Coin Offerings (ICOs), putting “hundreds” of projects at risk, according to a recent joint investigation by Yahoo… Continue reading Report: SEC Expands Crackdown on ICOs, Regulatory Ambiguity Remains
Cannabis and Cryptos Have a Lot in Common According to SEC
September has been quite an eventful month, and there have been significant changes and events in many industries. However, it has been especially wild when it comes to weed stocks. On September 19th, Canada-based cannabis company called Tilray (TLRY) has seen a significant increase, going as far as 90%. The surge came after the company’s… Continue reading Cannabis and Cryptos Have a Lot in Common According to SEC
Ripple Leads Crypto Coalition Seeking Gov’t Oversight Encouraging Crypto, Blockchain
A crypto coalition led by Ripple plans to pay D.C. lobbyists to impact the government’s stance on cryptocurrencies. Ripple will lead a group of crypto startups to lobby lawmakers and financial regulators in D.C. to support crypto and blockchain innovation, Bloomberg reported on Thursday, September 27. According to the report, the coalition of San-Francisco-based crypto… Continue reading Ripple Leads Crypto Coalition Seeking Gov’t Oversight Encouraging Crypto, Blockchain
Ex-CEO of Crypto Company Sentenced to Prison for Fraud, Fined $9 Million
The former CEO of a cryptocurrency company has been sentenced to prison time and ordered to pay $9 million in restitution due to his company’s role in a major Ponzi scheme that cost hundreds of investors millions of dollars. The hearing comes as the U.S. government and regulatory agencies step up their crackdown on cryptocurrency-related… Continue reading Ex-CEO of Crypto Company Sentenced to Prison for Fraud, Fined $9 Million
CEO Behind GAW Miners, PayCoin Ponzi Scheme Sentenced to 21 Months in Prison
The CEO of now-defunct GAW Miners has been sentenced to 21 months in prison and ordered to pay $9.2 million in restitution to investors. Homero Joshua Garza, the CEO of the now-defunct U.S. crypto firm GAW Miners, has been sentenced to 21 months in prison for defrauding investors, local news agency Hartford Business reports Thursday,… Continue reading CEO Behind GAW Miners, PayCoin Ponzi Scheme Sentenced to 21 Months in Prison
In an Apparent First, U.S. SEC Penalizes Crypto Hedge Fund
The SEC has issued a cease and desist order and a $200,000 fine to Crypto Asset Management for misrepresenting itself to investors. The U.S. Securities and Exchange Commission (SEC) has issued a cease and desist order and a $200,000 fine to Crypto Asset Management (CAM) and its founder Timothy Enneking, according to a document published… Continue reading In an Apparent First, U.S. SEC Penalizes Crypto Hedge Fund
Fundstrat Tech Guru: Bitcoin Bulls Lose Upper Hand After Very Damaging Drop
According to a notable technical analyst, the recent Bitcoin price drop significantly deteriorated the case for a pending market reversal, signaling that bulls must do a significantly greater amount of work in order to reverse the persisting bear market. Rob Sluymer of Fundstrat Global Advisors first claimed that Bitcoin bulls must defend $6,800 and $6,600… Continue reading Fundstrat Tech Guru: Bitcoin Bulls Lose Upper Hand After Very Damaging Drop