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Bitcoin News Roundup for May 27, 2020
Bitcoin News Roundup for May 27, 2020
While the yuan weakens against the U.S. dollar, Coinbase makes an acquisition to grow its institutional trading infrastructure. It’s Markets Daily from CoinDesk.
With historical data suggesting an intermittent correlation, bitcoin traders may do well to keep an eye on the ongoing slide in the yuan, analysts say.
ErisX has released a block trading API for futures contracts and spot market…
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Brazilian Retailer Eyes Services for the Unbanked With Acquisition of FinTech Firm Airfox
Brazilian Retailer Eyes Services for the Unbanked With Acquisition of FinTech Firm Airfox
Brazilian retail firm Via Varejo has scooped up Boston-based fintech startup Airfox for an undisclosed sum.
The acquisition comes as part of plans by Via Varejo to provide financial services to millions of Brazilians who lack the means to obtain traditional bank accounts, according to a statement released Friday.
The two firms already have a relationship. In June 2019, they launched banQi, a…
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In November 2018, the Securities and Exchange Commission (SEC) of the United States launched harsh penalties related to the initial coin offerings (ICOs) against Airfox (AIR) and Paragon (PRG).
The SEC Dismisses Airfox and Paragon, Rendering Them Illegal
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ICO Death March? November Inflows Fall to $65M From 2018 High of $2.6 Billion
New Post has been published on https://cryptolive.club/ico-death-march-november-inflows-fall-to-65m-from-2018-high-of-2-6-billion/
ICO Death March? November Inflows Fall to $65M From 2018 High of $2.6 Billion
The latest statistics on initial coin offerings suggest that the best days of the fundraising mechanism may have long passed. According to digital assets newsletter Diar, the month of November recorded the lowest inflows into initial coin offerings (ICOs) in 2018. With US$65 million
Is the ICO party over in the US?
Is the ICO party over in the US?
Earlier this month on November 16th, the US Securities and Exchange Commission (SEC) instructed two crypto startups — Airfox and Paragon Coin — to register their tokens as securities.
The SEC argues that the two ICO’s had not registered their tokens as security offerings. As neither qualified for exemptions, they are therefore violating registration rules according to the SEC.
By this action,…
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Crypto-Related Cases Triple in 2018
Crypto-Related Cases Triple in 2018
A report has revealed that court cases relating to cryptocurrencies have risen by over 300% in 2018 as SEC continues to enforce strict policies against fraudulent crypto firms.
Over 45 cases are already on going including those involving Airfox and Paragon Coin projetcs. The SEC recently issued a statement directed at ICOs which were required to regiser with the regulator before implementing a…
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SEC Slaps Paragon, Airfox ICOs With $250,000 Fine
SEC Slaps Paragon, Airfox ICOs With $250,000 Fine
US regulator the Securities and Exchange Commission (SEC) repeated calls for ICO token issuers to comply with securities laws November 16 as it enforced penalties against Paragon and AirFox.
Paragon, Airfox Will Lose Millions
In a statement, the SEC appeared to seek a balance between permissiveness and enforcement of “well-established” rules as it confirmed legal action against the two ICO…
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