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SEC targets Decentralized Exchanges and ICO Projects

The U.S. Securities and Exchange Commission (SEC) continues its drive to “clean up” the cryptocurrency sector and has entered into settlements with EtherDelta founder Zachary Coburn as well as the former ICO projects Airtoken and Paragon. The subsequent rulings have cast doubt on the legitimacy of similar ICO projects and on the future of decentralized exchanges (DEXs). Unregistered Securities…

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Amazon Announces a Blockchain Quantum Ledger

There has been much speculation regarding Amazon’s stance towards the blockchain and Distributed Ledger Technology (DLT) in general, and the multinational retail company has recently announced two services that utilize distributed ledgers and blockchain technology. Amazon’s receptiveness to using the blockchain is being met with positivity by most cryptocurrency enthusiasts as it paves the way…

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The SEC Launches a FinTech Hub

As part of its ongoing drive to try and bring clarity to the blockchain economy, The US Securities and Exchange Commission (SEC) has launched a specialist financial technology division in order to directly engage with cryptocurrency start-ups and companies building on top of blockchain technology. Central Access Point  As the SEC continues to pay more attention to…

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SEC Charges Former Crypto Exchange with Fraud

The SEC continues to crackdown on the rogue elements operating within the cryptocurrency sector and has declared that the former Bitcoin exchange BitFunder was run by its founder as an "unregistered securities exchange" and defrauded its users. Unregistered Securities Exchange At the end of last month, The Securities and Exchange Commission charged former cryptocurrency exchange BitFunder and…

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EU Ready to Regulate Cryptocurrencies

The European Union is prepared to regulate cryptocurrencies if the sector continues to remain inherently volatile and present substantial risks to new investors. If these risks are not tackled at the global level, the EU is ready to step in according to the Union’s financial services commissioner. Global Investment Craze Cryptocurrencies are extremely volatile and are prone…

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