Back in 2017 when the initial coin offering (ICO) space had been experiencing astronomic increase both in terms of the number of projects and the amount of capital attracted, a common narrative was that a novel fund-raising mechanism might eventually replace the traditional venture capital (VC) model.

It didn’t pan out.

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In this week’s #CryptoCaselawMinute delivered by The Block:

• SEC v. Blockvest
• SEC v. REcoin Group Foundation
• Blockchain Mining Supply and Services LTD v. Super Crypto Mining, Inc. and DPW Holdings

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Russia is actively developing the “Turkish Stream” and “Nord Stream 2” pipeline projects for the supply of natural gas to Europe. For now, Moscow is more focused on protecting these pipes from U.S. sanctions, as well as winning legal disputes with E.U. representatives. The primary challenge that arises in the global energy sector, however, is the timely implementation of distributed ledger technology, which will save on expenses and reduce the cost of production and the price of raw materials.

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“Boston Dynamics is getting really impressive”; “God d..n, his arms are locked in keyboard position.”

😂😂

#CryptoMeme

📨 #DeCenterDaily

🇺🇸 The U.S. Financial Crimes Enforcement Network (FinCEN) has updated requirements for reporting real estate purchase to include cryptocurrencies.
via FinCEN

🏦 State Street, the world’s second-largest custodian bank, is seeing “a high level of interest” in digital assets.
via CoinDesk

🇬🇧 According to recent research, 74% of the U.K.-based blockchain firms consider regulatory issues one of their key concerns.
via ccn

🔋 Renewable energy accounts for 77.6% of the total Bitcoin’s energy usage, a recent report by CoinShares says.
via The Block

🇪🇪 The Estonian Ministry of Finance is eyeing to tighten regulation of the crypto industry in the country.
via Cointelegraph

Last Monday, representatives of VanEck, SolidX, and the Cboe BZX Exchange met with the U.S. Securities and Exchange Commission (SEC) staff to once again pitch a Bitcoin exchange-traded fund (ETF).

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The Beijing Financial Work Bureau deems security token offerings (STOs) illegal, according to Huo Xuewen, director of the organization.

The authority’s head also advised “to only engage in such offerings when the government has legalized them.”

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In light of recent OFAC’s crackdown on two Bitcoin addresses associated with Iran residents, crypto lawyers Beau Barnes and Jake Chervinsky wrote an article about an upcoming cryptocurrency sanctions enforcement.

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On October 5, 2018, a group of scientists published a study, ennoscriptd The Looming Threat of China: An Analysis of Chinese Influence on Bitcoin. Ben Kaiser (Princeton University), Mireya Jurado (Florida International University), and Alex Ledger (a staff member of the Lincoln Laboratory at MIT) concluded that China has the motives for attacking Bitcoin and, more importantly, the necessary resources to do so.

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In the course of this week’s G20 Summit, world leaders stressed the fact that the regulation of crypto assets is a necessity for preventing money laundering and combating terror finance.

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📨 #DeCenterDaily

🇺🇸 The U.S. Department of Homeland Security (DHS) is interested in investigating and analyzing blockchain transactions, including those conducted in privacy-focused cryptocurrencies.
via CoinDesk

🏦 Global transaction network Calastone will adopt blockchain to process trades for its clients, among whom are major asset managers such as JP Morgan Asset Management, Schroders, and Invesco.
via Reuters

👨‍💻 China’s IT giant Tencent has alerted NEO developers and node operators to a bug that could potentially let hackers remotely steal user funds.
via Blockmanity

5️⃣1️⃣ The Vertcoin cryptocurrency recently endured a 51-percent attack, suffering a $100,000 loss.
via The Block

🇰🇷 The South Korean government is planning to tax cryptocurrencies and initial coin offerings (ICOs), according to finance minister nominee.
via Cointelegraph

A leading Ethereum Classic (ETC) development group announced the shutdown.

Source: https://goo.gl/zEiFjt

Due to the latest cryptocurrency market plummet, many have started expressing the sentiment that Bitcoin mining is facing its demise. The article below refutes this unfounded and defamatory assumption.

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The cryptocurrency trading platform ErisX has closed a $27.5 million fundraising round. Among the startup’s backers at this stage are Nasdaq, Fidelity, Bitmain, and ConsenSys.

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Americans know how to invest and love doing it, but due to the subtleties of U.S. law, they cannot take part in the vast majority of ICOs. They do so only if the proposed token is registered with the Securities and Exchange Commission, and any investment in it will not contradict the wording of the law. But who wants to mess with the official bureaucratic machine? We tried to figure out whether the procedure of registering a token in the SEC is so terrible and found five reasons why it should be done.

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“The ICO market is dead,” said Barry Silbert, head of the Digital Currency Group. Most members of the crypto community agree with an opinion that the initial coin offerings are no longer in demand. According to research by the analytical agency ICORating, crypto startups have begun to practice a new method of collecting money, the STO, which stands for Security Token Offering and means placing security tokens on the exchange.

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📨 #DeCenterDaily

🇮🇷 CoinDesk has interviewed one of the Iranian citizens whose Bitcoin address was recently blacklisted by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC).
via CoinDesk

🇺🇸 The elimination of initial coin offering (ICO) fraud can be reached only through international cooperation, co-director of the U.S. Securities and Exchange Commission’s enforcement division said.
via ccn

🇨🇭 Switzerland’s Financial Market Supervisory Authority (Finma) has allowed cryptocurrency businesses to handle up to USD 100 million in public deposits.
via Bitcoin.com

📧 Founder and CEO of ConsenSys Joseph Lubin sent a letter to employees, outlining a new phase in the company’s work.
via The Block

💵 Overstock subsidiary Medici Ventures is investing in an agricultural blockchain business that aims to store grain transactions on a distributed ledger.
via Cointelegraph

Crypto lawyer Jake Chervinsky spoke with Bitcoin Magazine to hash out what the U.S. Securities and Exchange Commission’s recent enforcement against initial coin offerings and related services means for the crypto industry going forward, and what the term “guidance by enforcement” encompasses.

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Cryptocurrency exchange Poloniex has introduced trading services for institutional customers. This month, the platform will be charging no fees for BTCUSDC trades. The company has also set a minimum order size of $250,000 for clients willing to participate in OTC (over-the-counter) trading.

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A graphical representation of J.P. Morgan employees who have left Wall Street for the crypto world.

Source: https://goo.gl/w9Q1gR

According to a recent Kaspersky Labs study, the number of users affected by hidden mining is only growing. Perhaps the reason for this is the “new generation” of botnets that specialize in mining cryptocurrencies. What are the weaknesses of security systems used by malicious bots, and the inhabitants of which countries are most vulnerable to their attacks?

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