On Friday, December 18, the U.S. Treasury’s bureau FinCEN proposed new crypto rules making it mandatory for virtual asset service providers (VASPs) to record and report transactions related to private cryptocurrency wallets. There’s been a significant disagreement expressed by the crypto community members and even some crypto-friendly U.S. lawmakers. Diving deep into what these proposed
In the hearing of the appeal for dismissal of the lawsuit against Ripple, the District Judge in California has ruled in favor of the plaintiffs. Vladi Zakinov’s filled the consolidated class action lawsuit with Bradley Sostack identified as the lead plaintiff, last year in August 2019. The counsel for the plaintiff are James Taylor-Copeland and Oleg
YouTube slashing crypto content on its website has become an important issue for the crypto community. What’s more baffling is the lack of reason behind the take-downs. The #YTCryptoPurge hashtag is starting to grow popular with Crypto Twitter as the YouTube BoyCott movement is catching fire. Alexander Davis, a blockchain entrepreneur and advisor tweeted, So,
How often have we heard from executives from Ripple say, “Ripple is not a security?” The answer to the question can have a massive effect on the market. However, until now, there hasn’t been an official ruling or claims on it. As reported earlier on CoinGape, investors in XRP had filled a case against Ripple
While VanEck/SolidX application has been withdrawn, two Bitcoin ETF applications are still pending, with Wilshire Phoenix. The decision is expected at the end of September while a ground for Bitwise Asset Management will be reached before the 13th of October. Bitcoin Price Remains Unaffected VanEck had recently announced the ‘limited Bitcoin ETF‘ product. It was
While the crypto community is all excited about the recently launched Bitcoin ETF blocked by US Regulators, there is yet another back story to it. A leading financial lawyer has created a stir in the crypto community by calling it a “cute marketing strategy”. He further explains how calling it an ETF is wrong. Limited
The SEC has filed an emergency lawsuit against Reginald Middleton, Veritaseum Inc., and Veritaseum LLC. to prevent them from spending the money raised from their ICO. The SEC has claimed that the entire ICO which raised about $14.8 million was a scam. The people behind VERI tokens created a facade of massive proportions, while no real
The United States Securities and Exchange Commission (SEC) is scheduled to draw its final conclusion on VanEck Exchange-Traded Fund (ETF) on 21 May. As the day draws nearer, the cryptocurrency community is curious and asking questions such as what will happen to Bitcoin when the decision is made? A cryptocurrency trader Josh Rager says the
Cryptocurrency is on the upfront bulletins of almost every industry – as such a lending platform, BlockFi hit a new announcement introducing the compound interest rate to be paid in cryptocurrency – Bitcoin and Ethereum. Crypto Interest Account Accordingly, New-York based BlockFi published a blog post on March 04, 2019, announcing the launch of a
One of the most awaited legal judgments that the crypto world is waiting for is the case pertaining to Ripple(XRP) being security or not. But according to the latest update put forward by Lawyer Chervinsky, the wait could just get a little longer as the presiding judge has vacated the next week’s case management conference.
Since CBOE has resubmitted its Bitcoin Exchange traded fund (ETF) in a joint proposal with VanEck and SolidX, it is likely that the revised proposal contains all aspects that the SEC shared them previously. Revised Filing Might Contain SEC’s Concern Jake Chervinsky, a lawyer and US Government Defense Counsel who shares frequent updates regarding SEC
As the market continues to experience the declining graph, some major crypto companies have announced the plan to start a massive round of layoffs. The latest tweet by Jake Chervinsky, a government enforcement defense lawyer, indicates ‘more layoffs in near future and it may turn former employees to become whistleblowers’. The tweet reads; As the bear
For the most part of 2018 Bitcoin ETF was considered the component that would trigger the next bull run in cryptos as it was believed to open floodgates of institutional monies into cryptocurrencies. But the way SEC has dealt with the various ETF applications, chances of Bitcoin ETF to be approved anytime soon looked meek.