The decentralized content platform that rewards content providers with cryptocurrency, Steemit, recently announced a corporate restructuring that will result in a significant amount of their workforce being cut. The announcement, which was made by the company’s CEO in a recent post, explained that the weakness of the cryptocurrency markets has affected both the company’s cryptocurrency (STEEM) and […]
Pro boxing champ Floyd Mayweather Jr. and music producer DJ Khaled agreed to pay the Securities and Exchange Commission a combined $767,500 to settle charges of illegally promoting ICOs. These are first cases the SEC has brought violations involving ICO promotion. The SEC noted that using celebrity endorsers was a crucial part of the ICO issuers’ promotional […]
Popular cryptocurrency exchange Coinbase is launching Zcash (ZEC) trading on its professional trading platform Coinbase Pro. The announcement made via Coinbase’s blog page states that inbound transfers of the currency will begin at 10 p.m. PST on Thursday, November 29, 2018, though early deposits have already begun. The blog reads, “Once sufficient liquidity is established, […]
The FINNEY phone came out today at a launch event in Barcelona. The $999 phone is the first of its kind, integrating blockchain technology at its core in order that its users may can securely use blockchain products. The product aims to address issues that cryptonaughts face in mobile computing, particularly those related to securely […]
The Mike Novogratz-led Galaxy Digital Holdings LP suffered $76 million in third-quarter losses, taking the company’s losses in 2018 so far to a grand total of $175 million. Galaxy Digital Q3 Losses Total $76 Million As Bear Market Continues Cryptocurrency merchant bank, Galaxy Digital, has released its quarterly earnings report, and the results from the […]
This week realized a big gain as bitcoin enjoyed a 25% rally from its local bottom before topping out around $4,400. Support currently appears to be established in the mid-$3,000s as the market remains indecisive over its next move: Figure 1: BTC-USD, Daily Candles, Current Support Level Figure 1 shows the relevance of the current […]
A risk assessment report released by the Financial Information Unit (FIU) found banks more vulnerable to money laundering and terrorist financing risks than cryptocurrencies, Business Korea reported. The division of South Korea’s Financial Services Commission researched its domestic financial sector, which includes banks, securities companies, insurers, mutual financing companies, credit card services, and even crypto exchanges. After […]
The US Securities and Exchange Commission (SEC) has charged boxing legend Floyd Mayweather and recording artist DJ Khaled with illegally promoting initial coin offerings (ICOs). The two celebrities, as CCN reported, had been among the most prolific ICO promoters, pumping crypto tokens on social media while sometimes failing to disclose that the posts — which […]
Floyd Mayweather and DJ Khaled settled charges with the SEC, which said they promoted ICOs without disclosing payments from token issuers.
A US District Judge ruled that the SEC has not yet provided sufficient evidence that Blockvest broke securities laws.