Bitcoin ETN Suspension Not a Big Deal: Securities Lawyer

In July, Sweden’s XBT Provider introduced a Bitcoin exchange-traded note (ETN) to the US market. This week, the US Securities and Exchange Commission (SEC) suspended the ETN for 10 days. On September 10, the SEC released an official statement regarding its decision to suspend the Bitcoin Tracker One ETN for ten days, until Sep.t 20. […]

Gemini and Paxos Both Launch Stablecoins on Ethereum Blockchain

Two crypto companies, Gemina Trust and Paxos, got a green light from a New York state regulator to launch their own stablecoins pegged 1:1 to the U.S. dollar.   New York Department of Financial Services (NYDFS) gave an okay to Gemini Trust, the crypto exchange founded by the Winklevoss twins, to launch Gemini Dollar (GUSD). It […]

Bitcoin Mutual Fund Launches in Canada

First Block Capital Inc., a Canadian cryptocurrency and blockchain investment company, has announced that its bitcoin trust, FBC Bitcoin Trust, has achieved mutual fund status in Canada, allowing investors to place funds in registered accounts such as a Tax Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP). The trust is available on NEO […]

Ether Price Analysis: Market Indecision Could Cause Short Covering Rally

When we last discussed the ETH-USD pair, the price was testing support in the mid $200 range. Since then, the market has dropped another 30% as ether tests the waters in the upper $190 range: Figure 1: ETH-USD, 1-Day Candles, Macro Trend The volume on the current drop has been exceptionally high compared to the […]

SEC Halts Trading of XBTProvider’s Bitcoin and Ether ETFs

The U.S. Securities and Exchange Commission (SEC) has suspended trading in two Bitcoin and Ethereum investment products until September amid confusion over their nature. Bitcoin Tracker One and Ether Tracker One are characterized by broker-dealers as exchange-traded funds (ETFs), which legally mean listed funds that track a basket of assets. However, the products’ issuer, XBTProvider, states the […]

Cryptic Labs Adds Two Nobel Prize-Winning Economists to Advisory Board

Blockchain research institute and accelerator Cryptic Labs is adding two Nobel Laureates to its team of advisors. The additions, economists Dr. Eric S. Maskin and Sir Christopher Pissarides, are professors at Harvard University and the London School of Economics, respectively. They join Cryptic Labs’ Chief Scientist Dr. Whitfield Diffie, who won the 2015 Turing Prize […]

ICO Funding Reaches 2018 Low, Levels Not Seen Since April 2017

A new research report from a leading independent fintech research firm says that funding for initial coin offerings (ICOs) has reached a 2018 low – levels not seen since April 2017. ICOs: From Business Boom to Burgeoning Bust ICOs were positioned as the trendy new way for startups to crowdfund their ambitious blockchain projects without […]