Australia's consumer watchdog has reportedly received over 1,200 complaints about cryptocurrency scams in 2017. According to the ABC's current affairs program 7.30, data obtained from the Australian Competition & Consumer Commission's (ACCC) Scamwatch program indicated it received 1,289 complaints related to crypto fraud in 2017. Losses totalling $1,218,206 were also...
When Bancor held its initial coin offering (ICO), it raised a lot of money and a lot of questions. Now, eight months on, the project seems to have found a role in the market. Announced last week, the Tel Aviv-based project, aimed to make it easier for people to...
Paul Paray is an attorney in Allendale, New Jersey, focused on privacy and technology matters. In his Feb. 8 opinion piece for CoinDesk, Santander's Julio Faura suggests that "utility tokens are a bad idea" because it would be a "lie to ourselves" to suggest initial coin offerings (ICOs) were...
Bitcoin had a decidedly mainstream moment this week: during a segment on the talk show hosted by comedian Ellen DeGeneres. DeGeneres took a few pot-shots at the cryptocurrency, joking to her audience that it's like "a plot twist in a confusing movie." "Everybody is talking about bitcoin," she went on...
Switzerland's finance regulator has published new guidelines that indicate it will treat some tokens sold during initial coin offerings as securities. In a press release published today, the Financial Market Supervisory Authority (FINMA) said there has been a sharp rise in the number of ICOs launching in Switzerland, resulting...
Ethereum developer Yoichi Hirai has resigned as one of the platform's code editors, citing concerns that a contentious proposal may be in violation of penal law. Named EIP 867, the proposal defines a method to better facilitate the return of lost funds on the platform. Speaking on GitHub, the developer...
Tom Goldenberg is chief technology officer at Commandiv, a combined stock and crypto trading platform providing investors with automated trade recommendations and rebalancing tools.  The New York Times economist Paul Krugman keeps bashing bitcoin. Why would you trade such a volatile asset, he asks, if it lacks fundamentals? "So, bitcoin just lost...
Japan's financial watchdog has stepped up its efforts to scrutinize foreign cryptocurrency services that target Japanese investors without a license. According to an official warning published by the Japan's Finance Service Agency (FSA) on Feb. 13, the regulator said a Macau-based cryptocurrency service firm named Blockchain Laboratory headed by...
A house on a blockchain? That's the future a number of initial coin offering (ICO) issuers envision, one in which tokenized pieces of the property could be tracked and traded via a shared database. In this way, the tokens would allow for what entrepreneurs are calling "fractional ownership," or...
Months after China's clampdown on initial coin offerings (ICOs), professional ICO white paper copywriters are still offering services, including fabricating information, reports suggest. The People's Bank of China notably banned domestic initial coin offerings in September 2017, yet searches using key words such as "ICO," "blockchain" and "whitepaper" result...