US Security and Exchange Commission to go after ICOs who don't fulfill proper registration requirements

US Security and Exchange Commission to go after ICOs who don’t fulfill proper registration requirements

The announcement was made by SEC co-director of enforcement Stephanie Avakian in a speech made on September 20th. Avarkian said that while she believes the blockchain technology might have some uses, cryptocurrencies are “high-risk” investments that are susceptible to fraud. The…

California's Fair Political Practices Commission announces ban on cryptocurrency donations to candidates

California’s Fair Political Practices Commission announces ban on cryptocurrency donations to candidates

While candidates are barred from receiving donations in cryptocurrencies, the Federal Elections Commission allows “in-kind” donations to political action committees and political campaigns. “A committee can receive bitcoins as contributions,” according to FEC guidelines. “Bitcoins may be received into and…

Circle, a crypto finance company, adds educational feature to Circle Invest app hoping to increase female investors in cryptocurrency

Circle, a crypto finance company, adds educational feature to Circle Invest app hoping to increase female investors in cryptocurrency

Circle has added a new feature to their Circle Invest app that leads users to educational resources regarding cryptocurrencies, hoping to attract new investors. Circle surveyed 3,000 people in the US  and found that Millennial men are more than twice…

Israel and Switzerland announce partnership to work on cryptocurrency and blockchain regulation

Israel and Switzerland announce partnership to work on cryptocurrency and blockchain regulation

The announcement comes after the Swiss Minister of Finance Ueli Maurer and State Secretary for International Financial Matters Joerg Gasser visited Israel, looking to improve access of Swiss banks to trade in Israeli markets. The two countries have agreed to…

Brazil's Administrative Council for Economic Defense investigating banks for restricting cryptocurrency operations

Brazil’s Administrative Council for Economic Defense investigating banks for restricting cryptocurrency operations

The Administrative Council for Economic Defense in Brazil has started to investigate banks over claims of monopolistic practices against cryptocurrency exchanges. The Brazilian Association for Cryptocurrency and Blockchain requested the investigation in June after bank accounts for the company Atlas…

UK Treasury Committee calls for Bitcoin to be regulated

UK Treasury Committee calls for Bitcoin to be regulated

The UK Treasury Committee has asked the Financial Conduct Authority to regulate crypto asset in the UK. The Treasury Committee cites volatile prices, minimal consumer protections, money laundering, and hacking while calling crypto assets a “Wild West industry.” There are…

Ripple price increases 36 percent in two day rally

Ripple price increases 36 percent in two day rally

Since September 18th, Ripple’s price has increased more than 36 percent while the crypto market as a whole added $2 billion. During the summer, the price of Ripple decreased by 46 percent. By contrast, Bitcoin only decreased by nine percent…

Polymath and Blocktrade.com announce partnership to bring security tokens to a wider market

Polymath and Blocktrade.com announce partnership to bring security tokens to a wider market

Polymath is a platform that creates security tokens, assets a company can use to fundraise using cryptocurrencies. Blocktrade.com is a trading platform that lists security tokens for clients to purchase.  “We are excited to work with Blocktrade on creating security…

National Commercial Bank, Saudi Arabia's first established bank, joins RippleNet

National Commercial Bank, Saudi Arabia’s first established bank, joins RippleNet

The Saudi Arabian bank plans to use the blockchain powered technology to facilitate international payments easier for its estimated 5 million customers. Saudi Arab has a huge market for international remittances, with migrant workers sending back money from all over…

Ripple and Ethereum price increases by 10 percent earlier today

Ripple and Ethereum price increases by 10 percent earlier today

The increase comes at a time members of the Ripple community are reporting that an announcement of a “massive development” by the cryptocurrency company Ripple is coming, which has been attributed to the 10 percent increase. Ripple announced a new…

Dubai Police investigating $81.7 million fraud case tied to cryptocurrencies

Dubai Police investigating $81.7 million fraud case tied to cryptocurrencies

Dubai Police issue a warning about the potential criminal applications of cryptocurrencies within the United Arab Emirate. Major-General Khalil Ibrahim Al Mansouri, appearing at a forum Sunday, stated that he believed there is a potential that cryptocurrencies could be used…

People's Bank of China issues public notice highlighting risks in cryptocurrency trading

People’s Bank of China issues public notice highlighting risks in cryptocurrency trading

The bank warned investors of the increased risk associated with investing in overseas Initial Coin Offerings, a fundraising approach used by cryptocurrencies, and trading in cryptocurrencies. “The global share of domestic virtual currency transactions has dropped from the initial 90…

Grandshores Technology Group announces plans for a Yen "stablecoin"

Grandshores Technology Group announces plans for a Yen “stablecoin”

Grandshores Technology Group, a Hong Kong-based blockchain investment firm, has announced that it is looking to raise $12.7 million to work on a “stablecoin” tied to the value of the Japanese Yen. Founding partner Yongjie Yao is also the founder…

Ripple announces release of xRapid within the next month

Ripple announces release of xRapid within the next month

Ripple CEO Brad Garlinghouse stated earlier this year he believes that xRapid, a product that helps to transfer currencies across international borders, will be used by “dozens” of banks by the end of 2019. xRapid will use XRP to make…

Samsung SDS and Korea Customs Service agree to use blockchain tech for an export customs clearance system

Samsung SDS and Korea Customs Service agree to use blockchain tech for an export customs clearance system

Samsung SDS has agreed to develop an export customs logistic service using blockchain technology for the Korea Customs Service. The Korea Customs Service feels that blockchain technology will make customs procedures more efficient and help to prevent fraud. The Customs…

Zimbabwe's Finance Minister wants to establish cryptocurrency division at the Reserve Bank of Zimbabwe

Zimbabwe’s Finance Minister wants to establish cryptocurrency division at the Reserve Bank of Zimbabwe

Zimbabwe’s new finance minister Mthuli Ncube has announced that he will try and work with the Reserve Bank of Zimbabwe to establish a division of cryptocurrency within the bank. Ncube has said that he believes cryptocurrencies can help the country,…

SBI Holdings to launch MoneyTap in Japan

SBI Holdings to launch MoneyTap in Japan

MoneyTap is an app that uses Ripple’s blockchain technology to allow bank customers to transfer money 24 hours a day using a QR code, a phone number, or a bank account number. Release has been announced for fall of this…