SEC Commissioners to Review Staff Rejection of Bitcoin ETFs
Aug23

SEC Commissioners to Review Staff Rejection of Bitcoin ETFs

SEC staff rejected a number of proposed Bitcoin ETFs on Wednesday, citing concerns about potential market manipulation and fraud. One day later, SEC Commissioner Hestor Peirce announced via Twitter that the rejection decision has been stayed pending a full Commission review by the regulatory agency’s four commissioners.

Read More
Crypto Industry Leaders Invited to Capitol Hill Forum on ICO Regulation in September
Aug22

Crypto Industry Leaders Invited to Capitol Hill Forum on ICO Regulation in September

Ohio Republican Representative Warren Davidson has reportedly invited cryptocurrency industry leaders and other interested parties to Capitol Hill on September 25, to participate in an ICO regulatory forum.

Read More
In Effort to Dampen Inflation, Venezuela Issues New Petro-Backed ‘Sovereign Bolivar’ Currency
Aug21

In Effort to Dampen Inflation, Venezuela Issues New Petro-Backed ‘Sovereign Bolivar’ Currency

Venezuelan banks shut their doors on Monday to prepare for the country’s newly-issued ‘sovereign bolivar’ currency, part of President Nicolas Maduro’s newest plan to combat Venezuela’s out-of-control inflation. The new currency has already drawn fire from many observers, due to the government’s decision to back the sovereign bolivar with its petro cryptocurrency – a controversial digital currency that is allegedly backed by the country’s oil reserves.

Read More
Crypto Exchanges Announce Creation of Working Group in Move Toward Industry Self-Regulation in U.S.
Aug20

Crypto Exchanges Announce Creation of Working Group in Move Toward Industry Self-Regulation in U.S.

A group of four digital currency exchanges issued a press release Monday announcing the formation of the Virtual Commodity Association (VCA) Working Group. The VCA plans to hold its inaugural meeting next month, when representatives from Gemini Trust Company, bitFlyer USA, BitStamp, Inc., and Bittrex will gather to discuss the creation of an industry-led self-regulatory organization (SRO).

Read More
China Arrests Suspected Hackers Accused of $87 Million Crypto Theft
Aug19

China Arrests Suspected Hackers Accused of $87 Million Crypto Theft

Chinese authorities have reportedly arrested three suspected hackers believed to be responsible for the theft of about $87 million in cryptocurrency, according to The Jakarta Post. The arrests were made after a lengthy investigation that began in March 2018 to examine complaints that hackers stole roughly $15 million of Bitcoin and ether by seizing control of a computer.

Read More
EA Hacking Defendant Ordered to Pay $750,000 Bail – in Cryptocurrency
Aug18

EA Hacking Defendant Ordered to Pay $750,000 Bail – in Cryptocurrency

25-year-old Serbian and Italian citizen Martin Marisch was arrested at San Francisco International Airport on August 8 and charged with an alleged hack of Electronic Art’s gaming servers that resulted in the theft of roughly $324,000 of EA’s in-game currency. On Thursday, a federal court judged ruled that he could be released to a halfway house while awaiting trial, if he paid $750,000 bail using Bitcoin or some other form of cryptocurrency.

Read More
FCA Issues Cryptocurrency Investment Scam Warning
Aug17

FCA Issues Cryptocurrency Investment Scam Warning

On Friday, The UK Financial Conduct Authority (FCA) published an updated warning on its website about the danger of cryptocurrency investment scams, advising consumers to be skeptical of online ads that promise “high returns on investments in cryptocurrencies.” The warning also reminded consumers that the FCA has no regulatory authority over cryptocurrencies.

Read More
California Resident Files $224 Million Suit Against AT&T Over Crypto Losses
Aug16

California Resident Files $224 Million Suit Against AT&T Over Crypto Losses

California resident Michael Terpin has filed a lawsuit against telecommunications firm AT&T, alleging that the company’s negligence caused him to suffer cryptocurrency losses totaling about $24 million. He filed the complaint in a Los Angeles District Court on Wednesday, according to a report from CNBC that noted the full scope of damages sought by the plaintiff:

Read More
Coinbase CEO: Crypto Mass Adoption May Take ‘Quite Some Time’
Aug15

Coinbase CEO: Crypto Mass Adoption May Take ‘Quite Some Time’

In a recent interview with Bloomberg at the Players Technology Summit in San Francisco, Coinbase CEO Brian Armstrong said that Bitcoin adoption and use is growing every year. However, he suggested that real mass adoption of Bitcoin as a payment solution is going to take time. Armstrong compared the industry’s growth with that of the internet nearly two decades ago:

Read More
SEC Warning: Self-Directed IRAS with Crypto Investments Pose Unique Risks
Aug14

SEC Warning: Self-Directed IRAS with Crypto Investments Pose Unique Risks

The U.S. Securities and Exchange Commission’s Office of investor Education and Advocacy recently published a new Investor Alert focused on risks associated with unregulated self-directed Individual Retirement Accounts. The alert advised investors to be cautious when dealing with this type of IRA, citing “unique risks” that include potential investment in digital assets like cryptocurrency:

Read More
Saudi Standing Committee Says Crypto Trading Illegal in Kingdom
Aug13

Saudi Standing Committee Says Crypto Trading Illegal in Kingdom

In an August 12 announcement, Saudi Arabia’s Standing Committee for Awareness on Dealing in Unauthorized Securities Activities in the Foreign Exchange Market declared digital currency trading to be illegal “inside the Kingdom of Saudi Arabia.” The committee statement cited issues with security, regulatory concerns, and market risks as reasons for its warning:

Read More
Economist to Governments and Central Banks: Leave Crypto Alone
Aug12

Economist to Governments and Central Banks: Leave Crypto Alone

In an op-ed published this week, noted economist and American Institute for Economic Research Editorial Director Jeffrey A. Tucker suggested that governments and central banks should maintain a hands-off approach to cryptocurrency and other innovations.

Read More
Singapore VC Firm Announces Launch of LuneX Ventures Crypto Fund
Aug11

Singapore VC Firm Announces Launch of LuneX Ventures Crypto Fund

Golden Gate Ventures has announced that it plans to launch a $10 million cryptocurrency and blockchain startup investment fund, according to TechCrunch and other media outlets. The Singapore company’s new fund will be called LuneX Ventures and will focus investments on “early-stage” cryptocurrency exchanges, security firms, and similar digital currency and blockchain-related projects.

Read More
Harris Insights Survey Offers Snapshot of Americans’ Crypto Sentiments
Aug10

Harris Insights Survey Offers Snapshot of Americans’ Crypto Sentiments

Polls are often maligned by those who dislike their results, but few can argue with their important role in providing a snapshot into people’s current attitudes, priorities, and opinions. A recent survey conducted by Gem and Harris Insights polled more than 2,000 American adults to gauge their interest in digital currencies like Bitcoin.

Read More
Pantera Capital’s Morehead Says Bitcoin Investors Have Overreacted to ETF News
Aug09

Pantera Capital’s Morehead Says Bitcoin Investors Have Overreacted to ETF News

During an appearance on CNBC’s Fast Money on Wednesday, Pantera Capital CEO Dan Morehead suggested that Bitcoin investors have been too focused on attempts to gain approval for a Bitcoin ETF. Morehead said that those investors have been overreacting to news that the SEC has postponed a decision on the proposed VanEck and SolidX ETF. He also predicted that it may be a “long time until an ETF is approved.”

Read More
Maerki Baumann Private Bank Offering Services to Crypto Customers
Aug08

Maerki Baumann Private Bank Offering Services to Crypto Customers

Swiss private bank Maerki Baumann is now offering banking services to blockchain and digital currency companies, according to International Investment. The decision comes as a number of cryptocurrency firms have moved to jurisdictions outside Switzerland, sparking concern from Swiss regulators.

Read More
DEA Special Agent: 90% of Crypto Use is Legal
Aug07

DEA Special Agent: 90% of Crypto Use is Legal

For some time now, critics of Bitcoin and other cryptocurrencies have argued that the technology is almost exclusively used for criminal activities. However, analysis by the U.S. Drug Enforcement Administration (DEA) indicates that the opposite is now true. DEA special agent Lilita Infante has suggested that as much as 90% of cryptocurrency activity is driven by speculators engaged in legal trading of digital currencies, according to a new report from Bloomberg.

Read More
OKCoin Customer Sues Exchange Over Bitcoin Cash Distribution
Aug06

OKCoin Customer Sues Exchange Over Bitcoin Cash Distribution

China’s Legal Weekly has reported that a Chinese OKCoin customer has filed suit against the cryptocurrency exchange, alleging that it failed to allow him to withdraw the Bitcoin Cash he was entitled to after the 2017 Bitcoin hard fork. He is seeking $25,000 from the exchange, as well as additional compensation to cover losses sustained by his inability to liquidate his Bitcoin Cash at its higher price point last December.

Read More
SEC Review of Brokerage Crypto Deals Underway
Aug05

SEC Review of Brokerage Crypto Deals Underway

The Securities and Exchange Commission is reportedly looking into cryptocurrency deals at brokerages, according to a report from Bloomberg. The regulatory agency is seeking answers to questions about brokerage business practices involving trading fees, financing, and ICOs.

Read More
Coffee-Lovers Could Soon Have Crypto Payment Option at Starbucks
Aug04

Coffee-Lovers Could Soon Have Crypto Payment Option at Starbucks

Cryptocurrency enthusiasts could soon be able to pay for Starbucks offerings using Bitcoin, according to a report from CNBC. The coffee icon has partnered with Intercontinental Exchange (ICE), Microsoft, and others to collaborate on a new global digital assets platform that will facilitate consumer cryptocurrency transactions.

Read More
  Subscribe To Newsletter
Subscribe to Our Newsletter

Keep up to date with the latest from DCEBrief

* we hate spam and never share your details.
×