SEC Rejects Latest Bitcoin ETF Bid – CoinDesk

The U.S. Securities and Exchange Commission (SEC) rejected Wilshire Phoenix’s bid for a bitcoin-based exchange-traded fund (ETF). In a filing posted Wednesday, the securities regulator wrote the New York-based Wilshire Phoenix had not proven the bitcoin (BTC) market is sufficiently resistant to market manipulation. Wilshire, a newcomer to the financial services industry, first applied for […]

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US Authorities Charge Crypto ‘Trading Club’ Operators With Defrauding 150 Investors – CoinDesk

The U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the U.S Attorney for the Southern District of New York have charged Ohio resident Michael Ackerman and two unnamed business partners with defrauding some 150 investors by claiming to offer “extraordinary profits” from a cryptocurrency trading scheme. The SEC alleged in […]

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SEC Charges Blockchain Marketplace Opporty Over ‘Fraudulent’ $600,000 ICO – CoinDesk

The U.S. Securities and Exchange Commission (SEC) is taking action against yet another ICO issuer: blockchain-based B2B marketplace Opporty. In a complaint filed on Tuesday, the SEC alleges that, from September 2017 to October 2018, Opporty International, Inc. and its founder and sole owner Sergii Grybniak conducted a “fraudulent” sale of digital assets called OPP […]

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Former CFTC Officials Ramp Up Push for Digital Dollar With Accenture Partnership – CoinDesk

Former Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo, former LabCFTC Director Daniel Gorfine and investor Charles Giancarlo want to take the dollar digital – and they’re not waiting for the Federal Reserve. The three are forming the Digital Dollar Foundation, working with Accenture to design and push for a potential U.S. central bank digital […]

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SEC Warns Crypto Investors of Initial Exchange Offerings in New Note – CoinDesk

The U.S. Securities and Exchange Commission has published its first warning against initial exchange offerings (IEOs) Tuesday. According to the notice, the regulator considers IEOs to be similar to initial coin offerings (ICOs), many of which the agency has been investigating as unregistered securities offerings for the past several years. While IEO providers may claim […]

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