In an interview with Decrypt Media, Victor Santos—CEO of the AirFox blockchain startup that was recently fined by the U.S. Securities and Exchange Commission (SEC) for not having registered its initial coin offering as a security—discussed what impact the settlement might have on the future of the industry.
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Decrypt Media
Exclusive: Airfox CEO says ICO regulations still unclear after SEC settlement
We spoke to the CEO of Airfox on regulatory clarity and the future of ICOs after his company's landmark settlement with the SEC.
Together with the Financial Services Regulatory Authority (FSRA) and KPMG, Abu Dhabi Global Market (ADGM) successfully finished trialing a blockchain-powered know-your-customer (KYC) application.
The test showed that the KYC procedure could be “radically simplified” if using the distributed ledger technology.
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The test showed that the KYC procedure could be “radically simplified” if using the distributed ledger technology.
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Cointelegraph
Abu Dhabi Global Market Concludes First Phase of Blockchain-Based KYC Project
Abu Dhabi Global Market, an international financial free zone within the capital of the United Arab Emirates, has concluded the first phase of its blockchain-based KYC project.
Commerzbank, ING, Natixis, and Rabobank have conducted a live commercial paper transaction on the Euro Debt Solution application, which runs on the Corda platform developed by R3.
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CoinDesk
4 Banks Complete €100K Commercial Paper Transaction on R3’s Corda
Four European banks, including Commerzbank and ING, have settled a live commercial paper transaction worth €100,000 on R3's Corda blockchain.
The current state of the market, which has already been dubbed the “crypto winter,” causes a considerable number of investors to have two questions: “Who is to blame?” and “What to do?” Another interesting question is related to the role that the news outlets have played in the recent digital assets market decline.
Learn More Now! »
Learn More Now! »
decenter.org
Who Betrayed Bitcoin, or Where Is Its PR?
Bitcoin is rolling downhill thanks to the hypocrisy of the media.
The world’s second-largest stock exchange will launch its own Bitcoin futures in the first half of 2019, said vice president of Nasdaq’s media team Joseph Christinat, noting that at this stage, the exchange is awaiting the decision of the Commodity Futures Trading Commission (CFTC). According to Christinat, CFTC has no reason to deny Nasdaq listing of derivatives for Bitcoin since the new exchange product meets all the requirements of the regulator. What are the critical differences between Nasdaq contracts and those offered by CME and CBOE, and how will they affect the digital assets market?
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decenter.org
Nasdaq Bitcoin Futures: How Will a New Derivative Affect the Crypto Market?
Nasdaq Bitcoin futures are coming and bringing solutions and questions along.
📨 #DeCenterDaily
🗓 The U.S. Securities and Exchange Commission (SEC) has again postponed the decision deadline for a Bitcoin ETF proposed by VanEck and SolidX.
via SEC
💵 Morgan Creek Digital wants to bet $1 million that digital assets will outperform the S&P 500 during the next ten years.
via CNBC
🏦 Grayscale holds over 1% of Bitcoin’s circulating supply in its Bitcoin Investment Trust (GBTC).
via Diar
🇺🇸 The U.S. Department of Homeland Security (DHS) is offering $800,000 grants to anti-forgery blockchain startups.
via CoinDesk
🇨🇱 State-owned Bancoestado was justified in closing the accounts of cryptocurrency exchange Orionx, as per the Supreme Court of Chile ruling.
via Cointelegraph
🗓 The U.S. Securities and Exchange Commission (SEC) has again postponed the decision deadline for a Bitcoin ETF proposed by VanEck and SolidX.
via SEC
💵 Morgan Creek Digital wants to bet $1 million that digital assets will outperform the S&P 500 during the next ten years.
via CNBC
🏦 Grayscale holds over 1% of Bitcoin’s circulating supply in its Bitcoin Investment Trust (GBTC).
via Diar
🇺🇸 The U.S. Department of Homeland Security (DHS) is offering $800,000 grants to anti-forgery blockchain startups.
via CoinDesk
🇨🇱 State-owned Bancoestado was justified in closing the accounts of cryptocurrency exchange Orionx, as per the Supreme Court of Chile ruling.
via Cointelegraph
A brilliant thread on the current cryptocurrency market situation by What Bitcoin Did Podcast’s host Peter McCormack.
Read now: https://goo.gl/1Bgfpm
Read now: https://goo.gl/1Bgfpm
A podcast with Gabor Gurbacs, Director of Digital Assets Strategy at VanEck/MVIS, on:
• The VanEck ETF application
• Why manipulation is not unique to Bitcoin
• The high bar for Bitcoin ETFs with the SEC
Continue to Episode »
• The VanEck ETF application
• Why manipulation is not unique to Bitcoin
• The high bar for Bitcoin ETFs with the SEC
Continue to Episode »
What Bitcoin Did
VanEck's Gabor Gurbacs on Bringing a Bitcoin ETF to Market — What Bitcoin Did
In this episode, I talk with Gabor Gurbacs, Director, Digital Assets Strategy at VanEck/MVIS. We discuss the VanEck application, why market manipulation is not unique to Bitcoin and the unfair standards by which the SEC treats Bitcoin.
An article on the ongoing XRP security debate. The question is: Could Ripple’s native digital token qualify as a security based on what company’s executives have said publicly in the past?
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The Block
Do Ripple executives’ statements imply that XRP is a security?
In the slow dance between the SEC and cryptocurrencies, nothing has garnered more interest – or more confusion – than a single question: “Is this token a security?” Due to recent SEC enforcement and comments, the conditions required to answer that question…
Most banks traditionally are giving cryptocurrencies a wide berth, preferring the motto “To blockchain yes; to cryptocurrency, no.” “It’s extremely challenging. The legalized cannabis industry are having a much easier time than our cryptocurrency clients,” said Joe Ciccolo, president of the BitAML compliance service provider. But while many giants have “matured” only for the introduction of blockchain platforms, some players are not afraid to declare gentle relationships with crypto projects.
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decenter.org
Banks Are Starting to Fall in Love with Cryptos
Banks are slowly but surely accepting cryptos into their embrace.
With the onset of the calendar winter in the cryptocurrency industry, its own cold season has come. The “Crypto Winter” came gradually, and, it turns out, there are guilty ones in this phenomenon. The cryptocurrency rate, despite many positive predictions of experts, like the street thermometer, started showing declining trends. Who spurred the decline in the price of digital assets and how to survive the negative indicators?
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decenter.org
Winter Is Here, but the Bears Are Not Sleeping: The Crypto Frost Has Come, and It Is Time to Warm Up
The crypto market is experiencing a harsh winter, and everyone is living through it in their own way.
📨 #DeCenterDaily
🌎 The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is developing a new service in an attempt to win over customers amid fierce competition with blockchain solutions.
via ccn
🇰🇷 A South Korean blockchain startup is aiming to file a constitutional appeal against the government’s ban on initial coin offerings.
via Cointelegraph
💠 Agreed: Ethereum network’s Constantinople hard fork will be activated on block 7,080,000.
via CoinDesk
⛓ Cryptocurrency exchange Gemini announced support for Bitcoin Cash (Bitcoin ABC network) custody and trading.
via Gemini
📲 Cryptocurrency exchange Coinbase announced the addition of Civic (CVC), district0x (DNT), Loom Network (LOOM), and Decentraland (MANA) to its Coinbase Pro platform.
via Coinbase
🌎 The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is developing a new service in an attempt to win over customers amid fierce competition with blockchain solutions.
via ccn
🇰🇷 A South Korean blockchain startup is aiming to file a constitutional appeal against the government’s ban on initial coin offerings.
via Cointelegraph
💠 Agreed: Ethereum network’s Constantinople hard fork will be activated on block 7,080,000.
via CoinDesk
⛓ Cryptocurrency exchange Gemini announced support for Bitcoin Cash (Bitcoin ABC network) custody and trading.
via Gemini
📲 Cryptocurrency exchange Coinbase announced the addition of Civic (CVC), district0x (DNT), Loom Network (LOOM), and Decentraland (MANA) to its Coinbase Pro platform.
via Coinbase
According to a recent analysis of the marketing strategies that cryptocurrency exchanges implement, the social network that drives the most traffic to such platforms is YouTube.
Read Full Report »
Read Full Report »
The last week’s #CryptoCaselawMinute delivered by The Block featured:
• Kimmelman v. Wayne Insurance Group
• United American Corp. v. Bitmain et al.
• CFTC v. Gelfman Blueprint
Read Now »
• Kimmelman v. Wayne Insurance Group
• United American Corp. v. Bitmain et al.
• CFTC v. Gelfman Blueprint
Read Now »
The Block
Crypto Caselaw Minute, Week of 12.02.18: When the Sherman Act crashes the Bitcoin Cash party
The Block is delighted to bring you expert cryptocurrency legal analysis courtesy of Stephen Palley (@stephendpalley) and Nelson M. Rosario (@NelsonMRosario). They summarize three cryptocurrency-related cases on a weekly basis and have given The Block permission…
A University of Arkansas School of Law Professor Carol Goforth shared his opinion on the current state of the U.S. crypto regulation in a guest post for the Oxford Business Law Blog.
”Overlapping regulations produced by a multitude of distinct agencies with different missions and priorities have produced a confusing mix of classifications and requirements […] A more nuanced regulatory approach would be more in line with stated goals of avoiding overregulation, while still allowing each agency room to fulfill its mission.”
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”Overlapping regulations produced by a multitude of distinct agencies with different missions and priorities have produced a confusing mix of classifications and requirements […] A more nuanced regulatory approach would be more in line with stated goals of avoiding overregulation, while still allowing each agency room to fulfill its mission.”
Learn More »
Oxford Law Faculty
US Law: Crypto is Money, Property, a Commodity, and a Security, all at the Same Time
Lately, some of the largest Ether (ETH) addresses have been moving funds here and there, but is it really causing the third-largest cryptocurrency that much of a problem?
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decenter.org
Where Ether Is Flowing, and What the Whales Are Doing
The whales are saving up on Ether as the cryptocurrency’s price crashes and burns.
📨 #DeCenterDaily
📈 Four major stablecoins, USDC, TUSD, GUSD, and PAX, have surpassed the USD 5 billion in on-chain transactions mark within just three months.
via Cointelegraph
📉 An equivalent of hash power produced by 1.3 million Bitmain S9 miners was switched off in the past month alone.
via BitMEX
👑 Square has overthrown Coinbase as the most widely used iOS application to buy Bitcoin (BTC) in the U.S.
via ccn
💶 A euro-backed stablecoin issuer has announced it would have its product, as well as its operations, independently audited.
via CoinDesk
🇮🇱 Bitmain’s research and development center in Israel is shutting down due to the daunting market circumstances.
via Bitcoin.com
📈 Four major stablecoins, USDC, TUSD, GUSD, and PAX, have surpassed the USD 5 billion in on-chain transactions mark within just three months.
via Cointelegraph
📉 An equivalent of hash power produced by 1.3 million Bitmain S9 miners was switched off in the past month alone.
via BitMEX
👑 Square has overthrown Coinbase as the most widely used iOS application to buy Bitcoin (BTC) in the U.S.
via ccn
💶 A euro-backed stablecoin issuer has announced it would have its product, as well as its operations, independently audited.
via CoinDesk
🇮🇱 Bitmain’s research and development center in Israel is shutting down due to the daunting market circumstances.
via Bitcoin.com
Tether dominance has dropped to a new three-year low as other stablecoins gain traction, The Block reports.
Source: https://goo.gl/uPD2iA
Source: https://goo.gl/uPD2iA
A state-owned Russian Gazprombank prepares a regulated cryptocurrencies offering for institutional and corporate clients.
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The Block
One of Russia’s largest state-owned banks is developing crypto-banking services for institutional clients
Gazprombank, a state-owned Russian bank, announced that it is developing “cryptocurrency-linked banking services” for financial institutions, institutional clients, and corporations participating in crypto. The new offerings will include crypto custody, cryptocurrency…
According to a recent report published by Financial Action Task Force (FATF), cryptocurrency exchanges in the United Kingdom present low risk for money laundering and terrorist financing.
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CoinDesk
UK Crypto Exchanges Pose Low Money Laundering Risk, Says Global Watchdog
Crypto exchanges in the U.K. pose a “low” risk for money laundering and terrorist financing, says a report from the Financial Action Task Force.