Cryptocurrencies have proven to be a unique challenge for the Commodity Futures Trading Commission (CFTC), according to the agency's chairman. In a statement made yesterday, J. Christopher Giancarlo, remarked on the risks posed by cryptocurrencies and initial coin offerings (ICOs). His comments were a response to Securities and Exchange Commission (SEC) chairman...
Oliver Bussmann is founder and managing partner at Bussmann Advisory, the president of not-for-profit Crypto Valley Association and former group CIO and managing director at UBS. The following article is an exclusive contribution to CoinDesk's 2017 in Review. 2017 was a year of tremendous growth for blockchain, though not in the...
Blockchain platform Waves is launching a self-regulatory body to set standards for initial coin offerings (ICOs) and the blockchain industry. Announced in a blog post yesterday, the association will see participation from entities including Deloitte CIS, the ICO Governance Foundation and the Ethereum Competencies Centre, and aims to set legal, tax...
David Gerard is the author of the book "Attack of the 50 Foot Blockchain" (Amazon US, Amazon UK), editor of the news blog of the same name and a contributor to crypto parody forum r/buttcoin.  The following article is an exclusive contribution to CoinDesk's 2017 in Review. The bitcoin world is...
U.S. and Canadian authorities appear determined to make an example of a recent initial coin offering. On Friday, a Canadian court ordered a two-month jail sentence against PlexCoin creator Dominic Lacroix and $100,000 in fines against his company for contempt of court, according to Radio Canada. The day before,...
A California-based company has refunded tokens sold in a $15 million initial coin offering following an investigation by the U.S. Securities and Exchange Commission (SEC). The SEC announced today that Munchee Inc. had provided refunds to investors after officials made contact and drew issue with its token sale, which the...
The head of the Securities and Exchange Commission's investment management office said the agency is weighing questions related to newly-registered funds that plan to hold cryptocurrencies. Speaking at the ICI Securities Law Developments Conference in Washington, D.C., on Thursday, Division of Investment Management director Dalia Blass offered some insight...
Rob May is the CEO of Talla, which produces the Botchain, a network for managing autonomous agents on a blockchain. He also writes a newsletter on artificial intelligence. Initial coin offerings (ICOs) seem like a dream come true for entrepreneurs. They have to find a way to get their product...
A subsidiary of blockchain startup Circle created to build an ethereum payments network has raised $20 million in a Simple Agreement for Future Tokens (SAFT) sale. Called CENTRE, the business is aimed at providing a way for different payment applications to connect through the use of tokens issued on the ethereum blockchain. The...
A co-founder of Wikipedia doesn't like what Wikipedia has become. Dr. Larry Sanger has been an outspoken critic of the online encyclopedia he helped found for some time, but his latest move, joining venture-backed startup Everipedia as its chief information officer shows just how serious he is about disrupting...