The Federal Trade Commission announced today that four individuals have had their assets frozen by a US Federal District Court for allegedly promoting cryptocurrency schemes promising large returns for small cryptocurrency payments.
SEC Official Says ‘Dozens’ of Crypto Investigations Underway
Stephanie Avakian, a co-director of the U.S. SEC’s Enforcement Division, said the agency is investigating “dozens” of ICO campaigns.
<h1>Gov’t-Affiliated Investment Association In China To Launch Blockchain ‘Center’</h1>
A government-affiliated organization in China has announced that, in line with the country’s current “five-year plan” for economic growth, it will establish an organization to promote blockchain investment and development.
US Trade Regulator Shuts Down Crypto Investment Scheme Promoters
A U.S. district court has issued a restraining order against four individuals accused of operating a string of cryptocurrency investment schemes.
<h1>Big-Time Bitcoin Investor, Peter Thiel, Skeptical About Most Other Cryptocurrencies</h1>
“I would be long bitcoin, and neutral to skeptical of just about everything else at this point.”
Kodak Could Earn $5 Million for ICO Brand Licensing Deal
Kodak licensed its brand out to WENN Digital for the KODAKCoin token, which could net the onetime photography giant between $2 and $5 million.
<h1>Staying The Ethereum Course</h1>
A recent surge of negative blockchain publicity has coincided with a plunge in cryptocurrency’s total market capitalization, after having surpassed $800 billion in the first week of 2018. Is blockchain technology truly overhyped or is Ethereum on the path to busting the decentralized floodgates of mass adoption wide open?
Security Settles on Ethereum in First-of-a-Kind Blockchain Transaction
A structured note is being issued on the ethereum blockchain, with an identical one settled on a traditional clearing house to test the cost savings.
Lithuanian Central Bank Seeks Developers for Blockchain Sandbox
The Bank of Lithuania has called for developer proposals to kick off its service-based blockchain platform called LBChain.
Crypto Featured for First Time in US Congress Economic Report
Congress’ 2018 Joint Economic Report includes a chapter on cryptocurrencies and blockchain technology, advocating for wider understanding of the tech.
VEN, BNB, NEM: Lesser-Known Cryptos Outperform Amid Bitcoin Slump
Lesser-known cryptocurrencies like Binance Coin and VeChain managed to score gains this week, despite the broader market sell-off.
New York Power Providers Cleared to Hike Rates for Crypto Miners
Cryptocurrency mining firms in New York State could face higher electricity bills after a ruling from the public utilities regulator.
Airdrop Attack? Monero Fork Condemned as Privacy Threat
Giving away free money isn’t as simple as it sounds in crypto. In fact, an upcoming plan to do just that is being labeled an attack by some.
MIT-Founded Startup Raises $20 Million for Supply Chain Blockchain
Eximchain, a blockchain startup focused on the supply chain industry, has raised an investment of $20 million, ahead of a planned token airdrop.
Israel Bars Crypto Firms from Tel Aviv Stock Exchange Indices
Israel’s securities regulator has said that cryptocurrency-related firms may not be listed on the TASE indices due to high volatility.
Bitcoin May See Relief Rally, But Bottom Still Elusive
Bitcoin may see a corrective rally following losses this week, but it still looks too early to call a bottom.
Singapore Central Bank Touts Blockchain for Cross-Border Payments
The chief of the Monetary Authority of Singapore has spoken of how blockchain’s “strongest” use case is in cross-border settlement.
So Long ICOs, Hello Airdrops: The Free Token Giveaway Craze Is Here
Scrapping public tokens for free airdrops has become the new way crypto issuers are building communities and even keeping themselves out of trouble.
Crypto Escapes Scrutiny at China’s Annual Consumer Protection Event
Cryptocurrencies were not brought under scrutiny at China’s annual consumer protection event as rumored before.
If Crypto Exchanges and ICO Teams Only Had a Brain…
Like a “Wizard of Oz” character, the digital asset industry has all it needs to succeed. Just be transparent, act responsibly, and stand accountable.