Month: December 2018

Sberbank and Interros Group have carried out an over-the-counter OTC foreign exchange repurchase agreement (repo) transaction employing smart contracts on a blockchain, Reuters Russia reports Nov. 30. The Interros Group is a Moscow-based private equity firm founded by Russian oligarch Vladimir Potanin in 1990, with stakes in Norilsk Nickel, pharmaceutical company Petrovax Pharm, and ski resort development firm Rosa Khutor. Head of global markets department and vice president at Sberbank, Andrei Shemetov, informed Reuters that the transaction is real, legally Read more …

Bitcoin has just emerged from its worst month in terms of price declines for seven years. The big daddy of crypto has shed almost 40% in this one month alone as it pulled the entire crypto market down to new yearly lows. Bitcoin Dumps Over a Third of its Value in a Month Starting out at over $6,500 on November 1st Bitcoin plummeted around 35% to end the month at around $4,280 yesterday according to figures from Coinmarketcap. Naturally different Read more …

It’s been a long journey for Alan Lane since the Silvergate Bank CEO bought his first bitcoin in 2013. That was around the time his small, deposit-hungry bank, based in La Jolla, California, took on its first crypto exchange as a client. It was a gutsy move for a financial institution, since at the time most bankers viewed bitcoin as either a fad, a scam or a reputational and regulatory risk – if they had even heard of it all. Read more …

Regulation Jay Clayton, the chairman of the U.S. Securities and Exchange Commission (SEC), recently discussed the current regulatory climate surrounding initial coin offerings (ICOs). Clayton emphasized that all ICOs must register with the SEC to ensure compliance with U.S. law. Also Read: Estonia to Tighten Rules for Licensed Crypto Companies Requirements for Regulatory Compliance The SEC chairman reiterated that the SEC does not see bitcoin as a security. However, it does view the tokens that are offered in many ICOs as Read more …

“Is this really what Satoshi expected 10 years ago?” That was the question asked by activist Pavol Luptak, at the opening of a new centre for crypto-anarchy – the Paralelni Polis – in Bratislava, Slovakia in October. Citing new surveillance infrastructures, relentless taxation, and the adoption of blockchain by state actors, Luptak called for a return to the political vision that underpinned bitcoin at its inception – or what he calls a “crypto renaissance.” Luptak – the co-founder of the Read more …

The deputy secretary of the Thai Securities and Exchanges Commission (Thai SEC) has declared that Thai-related Security Token Offerings (STOs) launched in an international market break the law, English-language daily Bangkok Post reports Nov. 29. The aforementioned article states that deputy secretary Tipsuda Thavaramara “said the regulator will have to consider how to deal with STOs for issues such as share ownership, voting rights and dividend.” There still confusion about how to regulate these kind of offerings, Thavaramara reportedly declared: Read more …

Russia’s cryptocurrency legislation, the draft bill “On Digital Financial Assets,” has been sent back to the first reading stage for significant changes, Russian daily newspaper Kommersant reported Nov. 30. According to Kommersant, the head of the council and chairman of the State Duma committee on state construction Pavel Krasheninnikov said that the document has no relation to cryptocurrencies or tokens, and lawyers have noted that its wording comes into conflict with the norms of Russian legislation for corporations. The law, Read more …

Featured Although the 2018 cryptocurrency bull trend has humbled many self-proclaimed crypto “experts,” the business of sponsored cryptocurrency reviews has continued to boom, influencing many market participants in the process. Also Read: Estonia to Tighten Rules for Licensed Crypto Companies  ICOs Sponsor Social Media Influencers Hacken, a Ukrainian startup, partnered with social media influencers to promote its initial coin offering earlier this year. Dmytro Budorin, Hacken’s chief executive officer, said the company embarked on an extensive promotional campaign that leveraged social Read more …

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Today brought news of OKEx exchange delisting several additional trading pairs. This is the third time OKEx has delisted a group of assets. OKEx Delisting In an announcement today on their website support page, OKEx stated the delisting of thirty-eight different cryptocurrency trading pairs. OKEx directed the announcement toward its customers, explaining the delisting of multiple assets Read more …

Crypto markets predictably dumping this weekend, Bitcoin SV, Cardano and Neo getting hurt. As predicted crypto markets have dumped again after a few days of solid gains and the dead cat has bounced. Over $10 billion has flooded out wiping out all progress made this week. Total market capitalization is back below $130 billion and heading south again. Bitcoin led the lemmings once again when it plunged almost 9% from $4,300 to a low of $3,940 a few hours ago. Read more …