The US SEC(Securities and Exchange Commission) has filed a complaint at the US District Court, It is against a New York-based man and his two companies, the New York company Veritaseum Inc. and the Delaware-based company Veritaseum LLC…
The Securities and Exchange Commission (SEC) of the U.S has prosecuted against Canadian startup Kik. The firm has been illegally conducting a $100 million securities trade of digital tokens. It was selling the tokens to the U.S. investors without any authorization of the U.S. laws and securities. The news comes from an official press release. […]
BitTorrent Token (BTT) has reached six times high as compared to its price of Initial Coin Offering (ICO) which had been launched just a week ago. As per Binance’s token sale platform, on January 28, the company witnessed sale of 59.8 billion BTT tokens at a price of $0.00012 per token which has now risen up to a whopping trading price of $0.000798, i.e. 565 percent of its ICO.
Stratis, a London-based company, has announced a new project that includes sidechains, smart contracts, an ICO and STO platform, and distributed ledger technology, that eases transaction processing. The project is based on Stratis C# Full Node which is built on Microsoft’s .NET Core. The service is intended to enable developers to use the existing languages in the .NET ecosystem to build blockchain solutions without requiring any external tools.
FoLex, an all-in-one solution for crypto and fiat exchanges has recently announced that the exchange will be including Ripple’s Cryptocurrency XRP in their grand opening. FoLex has reportedly praised XRP’s struggle to emerge as one of the best cryptocurrency in the market. The exchange has also stated that listing XRP has always been in the bucket list since the beginning.
Thailand Government has recently announced that it is interested to implement blockchain to tackle the issues related to tax avoidance in the nation. The news surfaced when Eknithi Nitithanprapas, Director-General, proposed the idea of using distributed ledger technology to bring efficiency in the issues regarding tax frauds.
On Oct 1, the leading Korea Investment Partners (KIP) announced that it will invest in TEMCO, a blockchain startup. KIP is one of the top investors having its investment in popular firms such as Naver – Korea’s largest search engine, LINE -Japanese messaging app, and Kakao – Korean messaging giant, among others.
Varanida, a digital advertising startup, plans to offer advertisers refund in case of unsatisfactory progress. For that, it will seek Blockchain application. The firm is optimistic to bring transparency and increase revenue for the users. Varanida terms the recent attempt to be a profit model for companies.
Maksim Zaslavskiy, a resident of Brooklyn, is under trial for defrauding investors in Two Cryptocurrencies, lying real estate and diamonds backed them. The lawyer of Zaslavskiy has appealed the court to drop the charges stating that Cryptocurrencies doesn’t fall under the Securities Exchange Act. However, Raymond Dearie, U.S. District Judge dismissed the motion saying that the Federal Securities laws have flexible application.
After the recent warning on Initial Coin Offerings (ICO) by higher regulatory agencies of China, WeChat Pay and Alipay came up with their strategic measures to regulate the problematic platform. The former outlined three main strategies & the latter made it clear that any such activity will result in a permanent ban of Alipay account.