Kem

18 articles published

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…

January 18, 20190Comments

ByKem

News

$1 Billion Worth of Cryptocurrencies Stolen in 2018

2018 was a tough year for everyone involved in the cryptocurrency space as the market retraced from an overall cap of around $800 billion in January to $130 billion at the end of December. In addition, close to $1 billion worth of cryptocurrencies were also lost over the year to malicious entities as hackers continued…

January 17, 20190Comments

ByKem

Technology

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…

January 1, 20190Comments

ByKem

Markets

Nasdaq Plans to List Bitcoin Futures in 2019

Nasdaq has recently announced their commitment to pursue Bitcoin futures, and is planning to introduce the contracts in the first quarter of 2019. The exchange operator was rumoured to be contemplating launching Bitcoin futures in 2017, however, operations were deferred in order to create a more unique offering. Partnership with VanEck The world’s…

December 22, 20180Comments

ByKem

News

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…

December 1, 20180Comments

ByKem

Bitcoin

The SEC’s November 5 Deadline for Bitcoin ETF Proposals Passes

The November 5 deadline set by the U.S. Securities and Exchange Commission (SEC) in relation to public comments on nine Bitcoin exchange-traded fund (ETF) proposals has passed with the Commission now focused on ending their review process and coming to a final decision. Under Review The SEC had originally rejected the proposals back in August citing…

November 10, 20180Comments

ByKem

News

The U.S. Chamber of Commerce Calls for Clarity on ICOs

The U.S. Chamber of Commerce continues to focus on the initial coin offering (ICO) method of fundraising as it allows innovative enterprises to generate much-needed capital, however, the organization is calling for further guidance and possible regulation. The business lobbying group has reiterated some of the principles outlined at the launch of its FinTech Innovation Initiative…

November 5, 20180Comments

ByKem

News

Iran Edges Closer to Launching a National Cryptocurrency

The Iranian authorities continue to press ahead with their plans to develop a national cryptocurrency with the state-led project said to be in its final stages. The digital currency is based on Hyperledger's Fabric Platform technology, and has been developed by the Iranian technology company Informatics Services Corporation (ISC). The unnamed cryptocurrency will be issued by…

October 30, 20180Comments

ByKem

News

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…

April 7, 20180Comments

ByKem

News

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…

April 2, 20180Comments

ByKem