SEC Archives - Bitcoinist.com

Tag Archive: SEC

Altcoin News, Altcoins, Bitcoin, Bitcoin Investment, Bitcoin Regulation, Ethereum, FinTech, Legislation, News, News teaser
SAFT – The Not So ‘Simple Agreement for Future Tokens’

The SAFT may be a cousin of the SAFE – but the relationship comes with strings attached and anyone considering doing down the rabbit hole should consider potential implications very carefully. The rise of ICOs has been difficult to ignore. What was once seen as a gimmick is now threatening to reshape the fundraising industry. This is particularly the case for VCs and investors who are concerned with very early stage investments. The fear of
Read More
Denis Vinokourov · April 15, 2018 · 3:00 am
Bitcoin, Bitcoin Investment, Markets and Prices, News, News teaser
Institutional Investors Incoming? SEC Formally Considering Bitcoin ETFs

After shutting down the idea in 2017, the SEC has officially initiated a formal inquiry into the possibility of allowing Bitcoin exchange-traded funds (ETFs) via a change to one or more of its rules. Institutional Investors Incoming According to an official release from the Securities and Exchange Commission (SEC), formal proceedings are set to begin in regards to listing the first Bitcoin exchange-traded funds (ETFs) in the United States. Bitcoin ETFs would effectively provide significantly
Read More
Adam James · April 6, 2018 · 6:00 am
Altcoins, Bitcoin, Bitcoin Businesses, Bitcoin Investment, Interviews
Big Investors Pushing Down Bitcoin Price, But $30K by Year’s End – Crypto Fund Manager [Interview]

Bitcoinist once again caught up with David Drake, Chairman of LDJ Capital, a $200 million dollar cryptocurrency fund. Drake explains why he’s still very bullish on Bitcoin price explaining why he believes it will hit $30K USD by the end of 2018. ‘Still Confident’ on 30K Bitcoin Price by Year’s End David Drake is the Chairman of LDJ Capital, who has also been involved in TMT (technology, media, telecoms), realty, hospitality, clean tech, energy, and social impact
Read More
Allen Scott · April 4, 2018 · 11:00 am
Altcoin News, Altcoins, News, News teaser
SEC Charges DJ Khaled & Floyd Mayweather-Backed ICO With Fraud

The U.S. Securities and Exchange Commission has charged the founders of the DJ Khaled and Floyd Mayweather-backed CTR Token with fraud, illustrating a push to purge the ICO (Initial Coin Offering) space of bad actors. Heavy Hitters According to an official statement from the U.S. Securities and Exchange Commission (SEC), the independent agency has charged two individuals “with orchestrating a fraudulent initial coin offering (ICO) that raised more than $32 million from thousands of investors
Read More
Adam James · April 3, 2018 · 6:00 am
Altcoin News, News, News teaser
Massachusetts Securities Regulator Shuts Down 5 ICOs

The state of Massachusetts has ordered five firms to cease all sales related to their Initial Coin Offerings (ICOs). ‘But ICOs Only Under Regulatory Authority’ The state of Massachusetts’ top securities regulator, William Galvin, has put a stop to five companies’ Initial Coin Offerings (ICOs), under the claim that such offerings fall into the category of “unregistered securities.” As reported by Reuters, Galvin’s office ordered Mattervest Inc, Pink Ribbon ICO, Across Platforms Inc., Sparkco Inc.
Read More
Adam James · March 28, 2018 · 10:00 pm
Bitcoin Exchange, Companies, News, News teaser
Overstock.com Shares Plummet Following SEC Cryptocurrency Investigation

Shares of e-commerce company Overstock.com have fallen significantly as the US Securities and Exchange Commission (SEC) investigates the company’s sale of digital tokens through its subsidiary. Lacking Confidence Overstock.com shares fell more than 10 percent Tuesday, following the e-commerce company’s announcement that it intends to offer 4 million shares of new stock in an underwritten public offering. As the lone underwriter, Guggenheim will have the option to purchase as many as 600,000 additional shares within
Read More
Adam James · March 28, 2018 · 4:00 pm
Bitcoin, Bitcoin Investment, Bitcoin Regulation, News, News teaser
Cboe Answers SEC Concerns Over Bitcoin ETFs

Nearly four months after Bitcoin futures hit Wall Street, trading giant Cboe Global is still working to allay U.S. Securities and Exchange Commission (SEC) concerns over Bitcoin Exchange Traded Funds (ETFs). Cboe Global and CME Group were approved by the SEC to offer Bitcoin-based futures last year, and Wall Street cryptocurrency trading began in December 2017. The natural next step for cryptocurrencies to integrate into global traditional markets is ETF trading. Cboe is one of
Read More
Melanie Kramer · March 28, 2018 · 10:00 am
Altcoin News, Bitcoin, Bitcoin Regulation, News, News teaser
US Regulators Want Cryptocurrency Exchanges to Be Like Stock Markets

The SEC believes that cryptocurrency exchanges could improve by implementing similar principles of stock markets. Cryptocurrency Markets Resemble “Wild West” Many regulators, experts, analysts believe that cryptocurrency markets still lack proper oversight and regulations. According to a recent report by VentureBeat, senior U.S. Securities and Exchange Commision (SEC), Brett Redfearn, stated that the current state of cryptocurrency markets resemble the “Wild West”. The Securities and Exchange Commission (SEC) is mainly concerned with cryptocurrency market manipulation, cybersecurity,
Read More
Ashour Iesho · March 26, 2018 · 12:00 am
Bitcoin, Bitcoin Regulation, News, News teaser
The Axeman Cometh – U.S. Gov’t Cuts Bitcoin Futures Watchdog CFTC Budget

Bitcoin futures watchdog, the CFTC, is “astounded” by Congressional budget plans which reduce their budget but increase spending for U.S securities regulators. The U.S Commodity Futures Trading Commission (CFTC) Chairman, J. Christopher Giancarlo, is reportedly taking a $1 million USD reduction in the agency’s annual budget as a personal affront after requesting a 13 percent increase. Fewer Funds to Regulate Bitcoin Futures and Fintech Innovation The CFTC has been allocated $249 million for futures and
Read More
Melanie Kramer · March 24, 2018 · 4:00 pm
Bitcoin Investment, Bitcoin Regulation, News, News teaser
5 Things the SEC Wants You to Know About ICOs

Initial Coin Offerings (ICOs) are everywhere in the unregulated cryptocurrency space and have already proven themselves to be an incredibly effective means of crowdfunding projects with digital currency. Sometimes, however, ICOs are little more than fraudulent scams aiming to liberate investors from their hard-earned Ethereum (ETH). Because of this, the U.S. Securities and Exchange Commission has provided a list of ‘Things You Need to Know About ICOs.” ICOs May Be Securities First and foremost, the
Read More
Adam James · March 13, 2018 · 3:30 pm
Altcoin News, Bitcoin, Bitcoin Regulation, Legislation, News, News teaser
New SEC Report: Cryptocurrency Exchanges Trading Security Tokens Must Register

The Securities and Exchange Commision (SEC) has issued a new report warning about the dangers of unregulated crypto exchanges and stated that all trading platforms exchanging digital assets that are considered securities must register with the SEC. Does That Mean ALL Exchanges Have to Register with the SEC? On March 7, 2018, the U.S. Securities and Exchange Commision (SEC) published a new report regarding the current state of cryptocurrency exchanges and the potential risks for investors.
Read More
Ashour Iesho · March 11, 2018 · 12:00 am
Bitcoin Regulation, Companies, News, News teaser
SEC Subpoenas TechCrunch Founder’s Crypto Fund — And Everyone Else, Too

While the U.S. Securities and Exchange Commission dishes out subpoenas to cryptocurrency projects like a generous house doles out candy on Halloween, TechCrunch founder Michael Arrington’s $100 million cryptofund has also come under investigation. ‘They Just Have to Figure out What They Want.’ TechCrunch founder Michael Arrington’s $100 million cryptofund has been subpoenaed by the U.S. Securities and Exchange Commission — which is no skin off Arrington’s back. He told CNBC on Thursday: We received a subpoena.
Read More
Adam James · March 4, 2018 · 12:30 pm
Bitcoin Investment, Bitcoin Regulation, News, News teaser
SEC Probes ICO Fundraising Methods

In an effort to bring the largely unregulated and highly speculative world of initial coin offerings in the US under control, the Securities and Exchange Commission (SEC) has started to issue subpoenas. Those initially targeted in the investigation were technology companies and advisers involved in the cryptocurrency industry. Just a few hours ago, the WSJ reported that the SEC’s probe was intensifying the underlying need for US regulators to rein in the industry. The primary concern
Read More
James Levenson · March 1, 2018 · 2:30 am
Altcoins, Bitcoin, Bitcoin Businesses, Bitcoin Exchange, Bitcoin Regulation, Companies, News, News teaser
So Why Did Goldman Sachs-Backed Circle Really Buy Poloniex?

Goldman Sachs-backed startup Circle made waves earlier this week when it acquired cryptocurrency exchange Poloniex. A couple of experts share their thoughts on the implications for the soon-to-be first compliant US crypto exchange and its customers. Most Crypto Exchanges ‘Over-Regulate Themselves’ As the dust settles on Circle’s acquisition of Poloniex, U.S. regulators are keeping a close eye on KYC/AML compliance of cryptocurrency exchanges. Joseph Weinberg, OECD Think Tank Special Advisor and Chairman of Shyft, a
Read More
Allen Scott · February 28, 2018 · 10:00 am
Altcoins, Bitcoin, Bitcoin Regulation, Emerging Markets, News, News teaser
ICOs Raised Over $1 Billion in 2018, And It’s Only February

With over 40 ICOs and over $1 billion raised already in the new year, the nascent industry is on pace to top last year’s mark of $5.6 billion. 2018: An Even Bigger Year for ICOs? Last year, there were 902 so-called Initial Coin Offerings (or ICO) projects tracked by TokenData. Out of that amount, 142 failed prior to the offering, and another 276 failed after raising funds. But despite a lackluster success rate of about
Read More
Allen Scott · February 26, 2018 · 5:30 pm
Bitcoin Exchange, Bitcoin Regulation, News, News teaser
Thai Exchange TDAX Halts ICO Trading

Regulators and banks in Thailand are slowly turning the screws on privately owned crypto exchanges operating within the Kingdom. Thai Digital Asset Exchange (TDAX) is the first to postpone registration and trading of new ICOs while it waits for a clearer regulatory framework from the Securities and Exchange Commission. Bank Account Barred The move comes just a few days after one of the country’s leading banks halted transactions involving trading of cryptocurrencies with the TDAX.
Read More
James Levenson · February 26, 2018 · 5:30 am
Altcoin News, Bitcoin, News, News teaser
5 Important Facts About Cryptocurrency the SEC Says Investors Must Know

Unless you’ve been living under a rock for the past 4 months, you’ve probably at least heard about all those people who’ve either mortgaged their houses and struck it rich, or lost their life savings, by investing in crypto. Naturally, cryptocurrency’s disruptive properties have caught the attention of the US Securities and Exchange Commission (SEC) – which, unsurprisingly, has some opinions on the matter. 5 Things to Know About Crypto, Courtesy of the SEC As
Read More
Adam James · February 25, 2018 · 10:00 pm
Altcoins, Bitcoin, Emerging Markets, News, News teaser
Bank of America Admits Bitcoin is a Threat in SEC Report

In an annual filing to the Security and Exchange Commission, America’s second-largest bank has expressed fears over cryptocurrency’s potential to undermine the control of major banks. Making things difficult It has long been speculated that Bitcoin and other cryptocurrencies pose a threat to major banks and traditional financial institutions. Now, Bank of America admits it could be forced to deal with the “substantial” costs associated with the emerging market. “The widespread adoption of new technologies,
Read More
Adam James · February 23, 2018 · 10:00 am
Bitcoin, Bitcoin Regulation, Bitcoin Regulatory Map, Bitcoin Regulatory Map
A Look Ahead at Crypto-Compliance & Regulation in 2018

Looking forward to 2018, several new pieces of legislation will be voted on or come into effect that will – for better or worse – reshape how ICOs, cryptocurrencies, and their investors function. Whether these laws target cryptocurrencies and initial coin offerings directly doesn’t change the fact that they will have a significant impact on the industry globally. [Note: This is a guest article by Zarah Tinholt and Matthew Unger] The past year was a
Read More
Bitcoinist.net · February 21, 2018 · 4:30 am
Bitcoin, Bitcoin Investment, Bitcoin Regulation, News, News teaser
SEC Continues to Drag Their Feet on Bitcoin ETFs

The US Securities and Exchange Commission (SEC) continues to drag their feet on approving Bitcoin ETFs, disappointing crypto enthusiasts and investors. While the world may have seemed to have gone Bitcoin crazy over the last year, the US Securities and Exchange Commission still has not. Many crypto enthusiasts were hoping that the launch of several Bitcoin trading futures would lead to the approval of ETFs, but such hopes have been in vain. The SEC is
Read More
Jeff Francis · February 5, 2018 · 7:00 am
Altcoin News, Blockchain Technology, Companies, Markets and Prices, News, News teaser
The SEC Halts Trading in UBI Blockchain Internet

The SEC has halted trading in shares of yet another publicly traded bitcoin company, Hong Kong-based UBI Blockchain Internet. Reports hit the press this week that the Securities and Exchange Commission (SEC) has halted trading of the Chinese blockchain company UBI Blockchain Internet. The agency cited potentially inaccurate information in the company’s disclosures as well as “recent, unusual and unexplained market activity” as the factors behind its decision. Between December 11 and 18 last year, UBI’s
Read More
Samuel Rae · January 9, 2018 · 7:30 pm
Altcoin News, Bitcoin, Bitcoin Regulation, News, News teaser
SEC Warns About Lack of Regulation in Cryptocurrency Markets

The United States Securities and Trade Commission warned investors on Thursday about their inability to help those who’ve lost money investing in digital currencies. Sec Restates Cryptocurrency Worries It’s not a secret that the SEC is very wary about Bitcoin and crypto-currencies in general, and today they restated their concerns. They’ve advised investors to exercise caution when dealing with digital assets such as Bitcoin, outlining that there is nothing State level or even Federal level regulators
Read More
Matthew Hrones · January 6, 2018 · 10:00 pm
Bitcoin, Bitcoin Investment, Markets and Prices, News, News teaser
Bitcoin-Linked Stock Shut Down By US Regulators

With no fixed acceptance of Bitcoin on traditional financial markets, investors have had to turn to other vehicles to make their investments in Bitcoin. However, in a field so little regulated as Bitcoin and cryptocurrency, accusations of and actual market manipulation are still proving a real concern for regulators. The United States Securities Exchange Commission suspended trading on Tuesday of a penny stock related to Bitcoin that has soared in recent weeks (2000% this month),
Read More
Matthew Tompkins · December 20, 2017 · 9:30 am