The Financial Industry Regulatory Authority (FINRA), a self-regulatory organization (SRO) in the U.S., has issued a new warning about cryptocurrency-related stock fraud. In a new post on its website, FINRA urged investors to do their homework when it comes to public companies that tout their activities involving blockchain or...
New cryptocurrency laws are expected to be introduced for official consideration to the Russia's national legislature on Dec. 28, according to a senior government official. Russian media sources RIA and TASS cited comments from lawmaker Anatoly Aksakov, who chairs the State Duma's financial markets committee, that the new rules – which...
Each of the top 20 cryptocurrencies by market capitalization hit an all-time price high in the past four days, according to market data. Data site OnChainFX reports that those cryptocurrencies saw price highs this week, including several – such as XRP, zcash and NEM – that occurred in the past day. At...
Regulators in Texas have obtained an emergency cease-and-desist order against a company they say is unlawfully pitching bitcoin mining investment plans in the state. In a statement yesterday, the Texas State Securities Board revealed that it had taken action against USI-Tech Limited, a firm based in Dubai. The firm has...
Arthur Hayes is a former derivatives trader for Deutsche Bank and Citigroup, and the current CEO of bitcoin derivatives exchange BitMEX. The following article is an exclusive contribution to CoinDesk's 2017 in Review opinion series. Act I: Bye bye China 2017's epic cryptocurrency rally may seem sudden. It's not. To understand where...
Ryan Peterson is general manager for economic policy at the Central Bank of Aruba, where he researches complex adaptive systems theory. The following article, an exclusive contribution to CoinDesk's 2017 in Review, represents his personal opinion and does not necessarily reflect the views of Central Bank of Aruba. Monetary and macro-prudential...
DYdX, an in-development decentralized exchange for cryptocurrency derivatives, has raised an undisclosed amount in a seed funding round. In a Medium post, the startup said that the funding is a notable step in its vision to create the "first ever" decentralized derivatives exchange. Led by Chris Dixon at Andreessen Horowitz (A16z) and...
The price of Ripple's XRP token has passed a dollar for the first time in its history. Currently the fourth-largest cryptocurrency by market capitalization, XRP passed the milestone just before press time, achieving an all-time high of $1.06, as per CoinMarketCap data. The rally in XRP follows months of sideways...
Marc Hochstein is the managing editor of CoinDesk and a former editor-in-chief of American Banker.  The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. "Neither a lender nor a borrower be." Polonius' advice to Laertes in "Hamlet" might well have been a rallying cry for...
Bank of England (BoE) head Mark Carney said on Wednesday that bitcoin's meteoric price gains do not pose a threat to global financial stability. Talking to British lawmakers in Parliament, Carney said that bitcoin's recent price moves are "significant" and more like an "equity-type risk," Reuters reports. He stated that: "At present, we don't...