In an surprising announcement, it appears that the Securities and Exchange Commission (SEC) will likely find that the cryptocurrency ether is not a security. The announcement was made by SEC Director of Corporate Finance William Hinman at Yahoo Finance’s All Market Summit: Crypto. That could clear up a significant hurdle that could have ended Ethereum’s […]
Regulators around the world are taking an increasingly close look at cryptocurrencies, both well-established cryptocurrencies such as Bitcoin, Litecoin, and Ethereum as well as newer offerings such as initial coin offerings (ICOs). US regulators are no exception, with 2018 featuring perhaps more public commentary from regulators at the US Securities and Exchange Commission (SEC) and […]
After years of slow progress breaking into the mainstream, cryptocurrencies are having their breakout moment in 2017 and 2018. And cryptocurrency firms are expanding at a more rapid pace than ever. That’s perhaps nowhere more evident than with cryptocurrency exchanges, one of the backbones of the cryptocurrency world. Partially in response to government restrictions and […]
Apple co-founder Steve Wozniak remains bullish about the future of Bitcoin, echoing the comments of Twitter CEO Jack Dorsey about the future of Bitcoin as an international currency. Wozniak, who states that he only owns one bitcoin, believes that Bitcoin is “pure digital gold” and that no other cryptocurrency can compare to it. All other […]
The US Department of Justice has opened an investigation into possible Bitcoin price manipulation. The investigation will look into allegations of both “spoofing” and “wash trading,” and will also examine potential price manipulation in Ethereum markets. It is unknown who the targets of the investigation are or whether the suspected or alleged price manipulation was […]
Payment services company PayPal was one of the first companies to allow merchants to start accepting Bitcoin payments back in 2014. But CFO John Rainey has said that the company is seeing far less demand from merchants today to accept Bitcoin payments. His explanation is that volatility is to blame, with many merchants feeling that […]
Mitsubishi UFJ Financial Group, Japan’s largest bank, intends to launch trials of its own cryptocurrency in 2019, according to recent reports. The initial trials could involve about 100,000 of Mitsubishi’s account holders. The currency would take the form of a token that users could use to make payments at restaurants, or use to transfer money […]
Without a doubt, the number one threat to the continued adoption of cryptocurrencies worldwide is that of heavy-handed government regulation. Existing financial regulations are geared towards the conventional banking and financial sectors, and attempting to shoehorn cryptocurrency businesses into that regulatory framework could easily put many of them out of business. Many cryptocurrency businesses have […]
The European Union recently approved new legislation to subject cryptocurrency exchanges to anti-money laundering (AML) regulations. Once the new legislation takes effect, national legislatures within the EU will have 18 months to enact that legislation into their own national laws. The legislation was intended to combat anonymity both in the use of Bitcoin and other […]
It’s no secret to anyone in the cryptocurrency community that initial coin offerings (ICOs) have become incredibly popular in recent months. However, they have also attracted the attention of regulators, including the Securities and Exchange Commission (SEC). SEC even went so far as to create its own fake ICO website to highlight to investors just […]
