The Commodity Futures Trading Commission announced on Thursday that its first Bitcoin-related anti-fraud enforcement action had yielded a significant victory, after a Federal court in New York ordered Nicholas Gelfman and Gelfman Blueprint, Inc (GBI) to pay civil penalties and restitution totaling more than $2.5 million. The defendants had been accused by the CFTC of operating a Bitcoin Ponzi scheme.
Glassdoor’s economic research team released a new report on blockchain and crypto job trends Thursday that revealed a marked increase in job openings throughout the crypto industry. The findings suggested that the number of open positions for blockchain-related employment surged by roughly 300 percent in the last year.
Coinbase has announced that the company will be opening a new office in Dublin, Ireland. The move is reportedly designed to ensure that the cryptocurrency exchange can continue to effectively serve customers in the EU, regardless of the outcome of the UK’s Brexit negotiations. A report from The Telegraph described the move as part of Coinbase’s “Brexit contingency planning.”
Fidelity Investments announced Monday that it will be launching a new company that will focus on managing digital currency assets for its clients, according to Bloomberg. The company revealed that its Fidelity Digital Assets business will provide crypto security, custody, trade execution, and customer services for trading firms, hedge funds, and other Fidelity customers.
South Korean Financial Services Commission Chairman Choi Jong-koo has been a critic of initial coin offerings in the past. Judging from comments he made during a recent National Assembly audit session of his agency, he still views them as an unacceptable risk and a potential threat to investors.
A new report from cybersecurity company CipherTrace was released this week, and its findings suggest that the first nine months of 2018 saw a dramatic rise in thefts involving cryptocurrency. The report found that $927 million in cryptocurrency was stolen from digital currency exchanges and other platforms between January and September, according to Reuters.
U.S. Senators who attended the Banking Committee hearing on cryptocurrencies Thursday were provided two vastly different assessments of the technology and its potential, according to a report from the Washington Examiner. The hearing featured testimony from Bitcoin skeptic Nouriel “Dr. Doom” Roubini and Coin Center research director Peter Van Valkenburgh.
The Swiss Financial Market Supervisory Authority (FINMA) announced today that it has granted a cryptocurrency asset management license to Crypto Finance AG subsidiary Crypto Fund, according to reports from Swiss media outlet Swissinfo.
Norway’s Financial Supervisory Authority has announced that its new money laundering regulations will go into effect on the 15th of October. The new rules will require Norway’s digital currency exchanges and cryptocurrency storage services to properly register with regulators and comply with the provisions of the Money Laundering Act.
In August, the Securities and Exchange Commission confirmed that it would be reviewing its rejection of nine Bitcoin ETF applications just one day after it rejected them. This week, regulators provided a deadline that suggested a final decision could be rendered before the end of October.
Cameron and Tyler Winklevoss’ Gemini Trust Co. announced in a press release this week that it has secured insurance coverage for client cryptocurrency holdings maintained by the exchange, according to a press release. The coverage was secured through “a global consortium of industry-leading insurers and arranged by Aon” and complements the Federal Deposit Insurance Corporation that protects customers’ U.S. dollar holdings.
TD Ameritrade announced on Wednesday that the company is investing in the ErisX exchange, according to a report from CNBC. During a phone interview, TD Ameritrade futures and foreign exchange managing director JB Mackenzie confirmed that the Omaha-based brokerage firm’s clients have been requesting greater access to cryptocurrency trading.
Malta’s Prime Minister, Dr. Joseph Muscat, addressed the United Nations General Assembly this week in a speech that touted his country’s leadership role in embracing and promoting new technological innovation. He noted that his country has worked to “regularize” blockchain technology and told the assembled world representatives that cryptocurrencies are the “inevitable future of money.”
Members of Congress met this week with more than 50 representatives from the worlds of cryptocurrency, finance, and investment capital at a roundtable discussion in the U.S. capital. The crypto representatives reportedly urged congressional representatives to provide greater regulatory clarity for the industry. The lawmakers have responded to those calls by delivering a letter to SEC Chairman Jay Clayton that urges the agency to clarify how it intends to approach regulation for the cryptocurrency industry.
The government of Malta has announced that its new legislation for cryptocurrency and blockchain technology will go into effect on November 1, 2018. The measures had been approved in June by the nation’s Parliament and are designed to provide guidance and oversight for cryptocurrencies, blockchain technology, and initial coin offerings (ICOs).
At DCEBrief, we are committed to providing the information that our readers need to educate themselves about the digital currency and blockchain revolution. As part of that commitment, we support the efforts of other groups and organizations that share that vision. After all, true mass adoption of this technology innovation required an educated and informed population.
We recently had an opportunity to interview Erica Stanford, co-founder of Cryptocurrency Simplified – a platform that shares our commitment to ensuring that people have the resources they need to understand and use digital currency and the blockchain. In that interview, she provided details and insight about her exciting project.
Coinbase Consumer vice president and general manager Dan Romero appeared on CNBC’s “Fast Money” Tuesday and announced changes to the company’s listing process that could result in a dramatic increase in the number of digital assets Coinbase customers can access and trade on the platform. The move is part of what Romero described as the company’s shift “to a more global perspective.”
Google has reportedly reconsidered the broad ban on cryptocurrency-related advertising it announced in March, and now plans to permit advertising by regulated digital currency exchanges in both the U.S. and Japan. The decision was announced as part of an update on the company’s financial products and services policy that is expected to be implemented next month.
U.S. Representative Warren Davidson is reportedly hosting a roundtable gathering on Tuesday to discuss cryptocurrency oversight, CNBC reports. The gathering will bring together lawmakers and roughly 50 representatives from the cryptocurrency and financial industries to find a balanced approach to regulation that provides oversight without stifling growth and innovation.
California’s Fair Political Practices Commission voted this week to determine whether the state would permit political candidates for statewide offices to accept cryptocurrency donations for their campaign. By a 3-1 vote, the commission moved to ban those donations, according to a report from the Associated Press on Friday.