News 

has shut down Munchee

“The SEC chairman recently noted that coin offerings are, in fact, securities and that pre-sale participants must be registered with the SEC. The Munchee ICO aimed to fund the MUN coin, a payment system for restaurant reviews” writes John Biggs for techcrunch.com. In what should be an interesting beginning to the coming avalanche of ICO failures, the SEC has come down hard on Munchee, a company that built a $15 million token sale. Source: techcrunch.com Share This:

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Crypto News 

Bitcoin’s competitors are also at all-time highs — and rising fast

“Disclosure: The author of this text owns, or has recently owned, a number of cryptocurrencies, including BTC and ETH” writes Stan Schroeder for mashable.com. The total market cap of all cryptocurrencies combined is also at an all-time high, at $485 billion.But Ethereum and Litecoin, as well as numerous other cryptocurrencies, are doing even better. Source: mashable.com Share This:

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Crypto News 

US SEC warns ‘extreme caution’ over cryptocurrency investments

“The head of the US Securities and Exchange Commission has warned bitcoin and other cryptocurrency investors to beware of scams and criminal activity in the sector” writes Alex Hern for theguardian.com. Under Clayton, who joined the SEC in January following a nomination from President Trump, the Commission has been cautiously expanding its enforcement of cryptocurrency regulation. In deciding not to impose a penalty, the Commission recognised that the company stopped the ICO quickly, immediately returned the proceeds before issuing tokens, and cooperated with the investigation.”.  Source: theguardian.com Share This:

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Crypto Futures News 

Bitcoin Futures Volumes Plunge After SEC Warning; Price Gaps Remain a Concern

“Bitcoin futures volumes plunged in Tuesday trading on the CBOE after U.S. regulators cautioned investors to be wary of fraud and market manipulation in global cryptocurrreny markets” writes Nyc Port Authority for thestreet.com. Spot bitcoin prices were marked at $16,500 on the bitsmap exchange in Luxembourg. Source: thestreet.com Share This:

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Crypto Futures News 

Two Firms File Bitcoin ETF Applications in Wake of CBOE Futures Launch

“Two exchange-traded fund (ETF) providers have filed with the U.S. Securities and Exchange Commission (SEC) to create Bitcoin ETF products that trade in cryptocurrency derivatives” writes unknown author for cryptocoinsnews.com. In the former case, the SEC denied applications that sought to trade bitcoin directly, citing the unregulated nature of bitcoin exchanges.Consequently, the futures launch is expected to trigger a flurry of new Bitcoin ETF filings.According to the SEC public filing system, the commission has received new applications for both REX Bitcoin Strategy ETF and REX Short Bitcoin Strategy ETF, as…

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Crypto News 

SEC forces halt of initial coin offering

“Munchee consented to the SEC’s cease-and-desist order without admitting or denying the findings” writes Francine Mckenna for marketwatch.com. The SEC has said its report on its investigation of DAO that a token can be a security.The company, Munchee Inc., refunded investor proceeds before any tokens were delivered to investors after an investigation by the SEC’s new Cyber Unit, which is focused on misconduct involving distributed ledger technology and initial coin offerings.The Securities and Exchange Commission forced the halt of what the regulator said was an offer of unregistered securities by…

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News 

Virtual currency scammers and SEC clash over PlexCorps’ suability

“The lawsuit targets scammers PlexCorps aka PlexCoin and Sidepay.ca, Dominic Lacroix and Sabrina Paradis-Royer” reports financefeeds.com. The suability of PlexCorps, the virtual currency scheme which is alleged to have defrauded thousands of investors of at least $15 million, has emerged as a point of disagreement between parties in a lawsuit brought by the United States Securities and Exchange Commission (SEC). Source: financefeeds.com Share This:

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Brokers News Stocks 

Global Brokerage announces Dec 28, 2017, as last day of trading of its shares on NASDAQ

“There was no update from Global Brokerage on how its plans to file for Chapter 11 bankruptcy progress” reports financefeeds.com. Global Brokerage says it has not arranged for listing or registration of its Common Stock on another national securities exchange.In a move in line with previously announced plans, Global Brokerage Inc (NASDAQ:GLBR), formerly FXCM Inc, today announces that it has informed Nasdaq of its intention to delist its Class A common stock from the NASDAQ Capital Market.This happens about a month after Nasdaq approved Global Brokerage’s application to transfer its…

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Crypto News 

SEC Commissioner Defends Bitcoin Expert Against Union Director’s Verbal Assault

“A regulator at the Securities and Exchange Commission (SEC) rebuked a top union official for denigrating a bitcoin expert at a recent public meeting” writes unknown author for cryptocoinsnews.com. Silvers scolded a committee witness, Adam Ludwin, who spoke about bitcoin and blockchain technology.Ludwin is the chief executive officer of Chain, an enterprise blockchain development firm based out of San Francisco. Source: cryptocoinsnews.com Share This:

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