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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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Venezuela Launches National Cryptocurrency

The government of Venezuela has turned to the world of cryptocurrencies in order to try and revive its ailing economy and escape both crippling debts and U.S. sanctions. The resource-rich nation has turned into a something of a digital asset pioneer by issuing a cryptocurrency officially backed by the state. The Petro Solution Despite being a…

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