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 […]

Continue Reading

ASX Sees Industry Benefits Arising From Blockchain Upgrade as July Tests Approach – CoinDesk

The chief of the Australian Securities Exchange (ASX) said the company’s approaching shift to blockchain tech could bring opportunities to the wider securities industry. In a results call for H1 2020 Thursday, reported by ZDNet, ASX CEO Dominic Stevens said: “We’re very excited about the long-term benefits this can bring to clearing and settlement specifically, […]

Continue Reading

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 […]

Continue Reading

Israel’s Securities Regulator Asks Private Sector for DLT Proof-of-Concepts – CoinDesk

The Israel Securities Authority (ISA) intends to draft a regulation for distributed ledger technology-backed (DLT) digital asset exchange platforms, according to ISA Chair Anat Guetta. ISA unveiled the plan at a Jan 20. conference near Tel Aviv, announcing it seeks to offer a “a complete digital value chain for investors” including digital assets registered, traded […]

Continue Reading

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 […]

Continue Reading