The U.S. Securities and Exchange Commission (SEC) has granted another crypto firm permission to sell its native cryptocurrency. The SEC published a “no-action letter” on Thursday (dated Nov. 17) to IMVU, a digital avatar company, allowing the firm to sell its VCOIN digital tokens to users, albeit with strict...
Market manipulation is one of the main concerns the U.S. Securities and Exchange Commission (SEC) has cited in rejecting a number of bitcoin exchange-traded fund (ETF) applications. Solidus Labs, a technology firm, believes it has developed a technical surveillance solution to address this issue.Solidus announced Wednesday it was...
The U.S. Securities and Exchange Commission (SEC) prosecution of rapper T.I.’s 2017 initial coin offering (ICO) has netted $103,000 in court-ordered fines and penalties for the agency, this time from associates of the Atlanta-based act.Defendants Chance White, Owen Smith and William Sparks were all named in the original...
As bitcoin crosses $17,000 it’s not retail speculation but a new, long-term investor mindset driving the price up. Our main discussion: HODL FOMO vs. Speculative FOMO.The 2017-2018 bull run was driven by ICO mania and a relentless get-richism that was nothing if not short-term. As bitcoin passes $17,000 and questions of...
Airbnb may have had a change of heart on cryptocurrencies, according to the prospectus for its planned initial public offering (IPO).Filed with the U.S. Securities and Exchange Commission Monday, the prospectus says that its “future success will … depend on our ability to adapt to emerging technologies such...
U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton will leave his role at the end of this year.Announced in a press release Monday, Clayton led the U.S. regulator for 3.5 years and thought what the SEC called a “period of historic productivity and unprecedented challenges.“Thanks to the...
Cred’s bankruptcy has left hundreds of depositors who loaned the company more than $100 million worth of crypto wondering if and when they’ll get their money back. The company’s bankruptcy filing primarily blames its woes on alleged fraud by an outside investment manager whom Cred entrusted with 800 BTC,...
You can now carry exposure to world oil markets in your decentralized finance (DeFi) portfolio, thanks to the listing of Brent Crude Futures (Brent) on trading platform Synthetix.Using syndicated data from Intercontinental Exchange (ICE), the Synthetic Oil (sOIL) token is live today on the Synthetix trading platform, according...
In Africa, there is a long-running feud between white expatriates and ex-Ivy League founders on the one hand, and grassroots-bred Black local founders on the other. At stake is who has bragging rights to Africa’s hot, rising startup narrative.Locals from East Africa and Nigeria accuse “wazungus,” or outsiders,...
As the vital field in the new generation of information technology, blockchain is a  kind of new decentralized economic organization based on series of technologies. It originated from the Bitcoin system in 2009 and became the hotpot of global economy in 2017. In the past years, blockchain has become...