Giga Watt, a startup that held an initial coin offering (ICO) to raise money to build a cryptocurrency mining facility, is being sued for allegedly conducting an unregistered securities offering. The complaint was filed by a group of plaintiffs that contributed more than $20 million in cryptocurrency – with...
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...
Josh Garcia is a fintech and blockchain Lawyer at Cooley LLP, where he helps clients with compliance advice, government enforcement actions and inquiry letters. The following article is an exclusive contribution to CoinDesk's 2017 in Review. The regulators are coming. They have formed committees, subpoenaed documents, studied white papers,...
Monkey Capital, a Delaware-based company seeking to create a decentralized hedge fund, has been hit with a class action lawsuit alleging a fraudulent issuance of securities. The claim, filed in the U.S. District Court in Florida, represents five plaintiffs who invested cryptocurrency now valued at $3.8 million into the...
The Monetary Authority of Singapore (MAS), the country's de facto central bank, has become the latest financial watchdog to issue a warning on the risks of investing in cryptocurrencies. Citing the recent "speculative" escalation in prices across the crypto markets, MAS has released a statement advising the public to take "extreme...
Don Tapscott is the CEO of The Tapscott Group, one of the world’s leading authorities on the impact of technology on business and society. He has authored over 15 books, including "Blockchain Revolution," published in May 2016 by Portfolio. The following article is an exclusive contribution to CoinDesk's 2017 in...
The team behind Radar Relay, a decentralized token exchange built on top of the 0x protocol, has raised $3 million in venture funding. The round was led by Blockchain Capital and also included Batshit Crazy Ventures, Collaborative Fund, Digital Currency Group, Kindred Ventures, Kokopelli Capital, Notation Capital, Reciprocal Ventures,...
The initial phase of a token sale for Overstock.com subsidiary tZERO has seen significant investor activity, according to CEO Patrick Byrne As reported by CoinDesk, the first leg of the sale – in which the firm is selling Simple Agreements for Future Equity (SAFEs) that will later be redeemed...
Thessy Mehrain is director of product and innovation at ConsenSys, where she works on dapps and protocols to enable social innovation via the ethereum blockchain. She is also the founder of "Women in Blockchain" New York, a distributed global network building diversity and inclusion. The following article is...
The Baltic nation of Estonia is moving closer toward the potential launch of its own crypto token. In a blog post published today, Kaspar Korjus, managing director of the country's e-Residency initiative, set out three possible use cases for the token –  dubbed "estcoin" – that have been arrived at since...