IFinex, the parent company of major cryptocurrency exchange Bitfinex filed a discovery application to regain access to $880 million in funds. Discovery is a law allowing each party to obtain evidence from the other party or parties through the law of civil procedure before the actual trial. According to the application and supporting declaration by Bitfinex chief financial officer Giancarlo...
Telegram has notified investors that the TON blockchain project will be launched later than planned, pushing the deadline from Oct. 30 to April 30, 2020. In an email to investors reviewed by CoinDesk, Telegram cited its recent run-in with the Securities and Exchange Commission (SEC), which obtained a restraining order prohibiting the messenger app company from launching TON and issuing...
Telegram could delay the original plan of issuing its own cryptocurrency on the Telegram Open Network by Oct. 31 after the U.S. Securities and Exchange Commission (SEC) ordered it to halt the allegedly âunlawfulâ token sale in the country. According to a report from Bloomberg on Monday, Telegram sent a note to investors saying it is considering ways to resolve...
The United States Securities and Exchange Commission (SEC) has rejected a proposal to list a Bitcoin (BTC) exchange-traded fund (ETF). In an announcement on Oct. 9, the Commission stated that the ETF filing from Bitwise Asset Management and NYSE Arca did not meet the necessary requirements. Specifically, regulators stated that the applicants did not meet the necessary requirements regarding possible...
Hong Kong's securities regulator, the Securities and Futures Commission (SFC), has officially released regulations for crypto fund managers. The SFC published the regulatory circular on its website on Oct. 4. In the 37-page document titled âProforma Terms and Conditions for Licensed Corporations which Manage Portfolios that Invest in Virtual Assets,â the SFC provided terms and conditions for corporations managing portfolios...
Visa, Mastercard, Others Reconsider Involvement in Facebook's Libra Network Some of Libraâs backers decline Facebookâs requests to publicly support the project https://www.wsj.com/articles/visa-mastercard-others-reconsider-involvement-in-facebook-s-libra-network-11569967023?mod=hp_lead_pos6
An exchange-traded product (ETP) with a combination of bitcoin (BTC) and ether (ETH) is going live tomorrow on Switzerlandâs primary stock exchange SIX. Fintech firm Amun AG and cryptocurrency custodian Bitcoin Suisse AG have partnered to launch the ETP, which will allow Swiss investors to add a basket of BTC and ETH to their portfolios, according to a press release...
The United States Securities and Exchange Commission (SEC) has reached a settlement with Block.one to pay $24 million in penalties for conducting an unregistered initial coin offering (ICO). On Sept. 30, the SEC announced in a press release that it has settled the charges against the firm behind the EOS network and corresponding token in the form of a civil...
The U.S. Securities Exchange Commission charged Jonathan Lucas, 27, the CEO of an online adult entertainment marketplace, with running a fraudulent initial coin offering (ICO) scheme. According to the SECâs lawsuit, the company claimed that investors could purchase its token and use them to request certain actions in a live adult performance on the platform. âFantasy Market is a role-playing...
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