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This week’s Bitcoin crash was all about fraud and regulation

Regulation
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Cryptocurrencies have had a rough week: the value of bitcoin plunged to a mere 50 percent of its 2017 peak, and other currencies, such as Ethereum, Ripple, and Litecoin have seen double-digit losses compared to their heights from last year. Tuesday also witnessed the collapse of BitConnect, an anonymously operated crypto exchange that had been […]

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Swiss Crypto Valley Association Launches ICO Code of Conduct

Regulation
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Switzerland’s Crypto Valley Association has launched a code of conduct for initial coin offerings (ICOs) and token generation events (TGEs) intended to standardize best practices across this burgeoning industry. Crypto Valley Association Launches ICO Code of Conduct ICOs and TGEs raised an estimated $6 billion in 2017, up from less than $100 million* the year […]

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LiveCoin CEO: Pump & Dump Is What Defines Sustainability of New Coins

Regulation
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LiveCoin CEO: Pump & Dump Is What Defines Sustainability of New Coins LiveCoin.net is more than two years old: it has officially opened on March 1st, 2015. The exchange features simple sign-up procedure, lack of verification-related complexities at early phases of work, and a referral program. In addition, the exchange offers a modern-day account security […]

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Texas Bans the Activity of BitConnect

Regulation
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The pyramid earnings scheme masked as a lending platform received a cease and desist order from Texas authorities. BitConnect, the most prominent and reviled cryptocurrency earnings scheme, has received a ban for its activities in the state of Texas, a letter from local financial authorities showed. The Texas authorities are relying on the most widespread […]

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How China’s Stifling Bitcoin and Cryptocurrencies: QuickTake Q&A

Regulation
views: 633

China, home to the world’s biggest community of bitcoin miners, is cracking down on cryptocurrency activity — more so than most other major economies. From a halt to virtual currency trading on domestic exchanges to banning initial coin offerings, regulators have taken a proactive role in shaping the stratospheric rise of bitcoin and its peers. […]

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Will Russia’s Cryptorouble Become the First National Cryptocurrency to Launch?

Regulation
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Following President Vladimir Putin’s order earlier last week, Russia is on its way to creating its own national cryptocurrency dubbed cryptorouble. According to the Russian leader’s economic advisor, the government plans to use cryptorouble to avoid international sanctions, particularly from western nations. “Russia has long had aspirations to stop being reliant on Western currencies – […]

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Investors Should Approach Cryptocurrency with Caution, Delaware’s Investor Protection Unit Says

Regulation
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With cryptocurrencies attracting recent headlines, the Investor Protection Unit of the Delaware Department of Justice is urging Delaware investors to be cautious about investments involving cryptocurrencies. “Investors should make certain they understand the risks associated with investments in cryptocurrencies and financial products involving cryptocurrency before they invest,” said Director of Investor Protection Greg Strong. Cryptocurrencies […]

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Texas BitConnect Ban Tip of Spear for State ICO Regulation

Regulation
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Stay up-to-date with the latest developments in securities law through access to both news and all statutes and regulations. Find relevant corporate filings through a searchable EDGAR database. And… By Lydia Beyoud and Andrew Ramonas An emergency cease-and-desist-order filed by the Texas State Securities Board against U.K.-based BitConnect is the latest sign more enforcement actions […]

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Bitcoin drops below $15,000 as regulation, demand concerns linger

Regulation
views: 552

Bitcoin slumped, dragging down smaller rivals such as ether and litecoin, as concerns that regulators will tighten their grip on the market weigh on the world’s largest cryptocurrency. Regulators in China and South Korea are increasing oversight on cryptocurrency trading and mining, while the US Securities and Exchange Commission late last year started cracking down […]

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South Korea to Cooperate with China and Japan on Regulation

Regulation
views: 429

South Korean regulators are seeking cooperation with counterparts from Beijing and Tokyo to address cryptocurrency speculation. Six commercial banks have been targeted by Seoul authorities inspecting crypto trading. Korean experience is to help a possible trilateral approach to regulation. “Trial-And-Error” to Shape the Efforts The Financial Services Commission of South Korea will be deepening cooperation […]

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