[ad_1] A U.S. federal district judge has ruled that an allegedly fraudulent crypto token meets the definition of a commodity, bringing the case under regulators’ purview, Finance Feeds reports September 27.Judge Rya W. Zobel of the Massachusetts District Court ruled Sept. 25 against a motion to dismiss a case that had been launched by the Commodity Futures Trading Commission (CFTC) against an allegedly fraudulent crypto scheme known as “My Big
[ad_1] An investigation by the Xinhua News Agency has shown it is possible to bypass China’s Initial Coin Offering (ICO) ban, according to an article published September 26.The investigation has shown that despite the government’s efforts to crack down on “ICO illegal financing,” investors can circumvent the law by using a “foreign shell” company, among other possibilities.Xinhua reports that after China’s crypto regulations became more stringent, domestic virtual currency exchanges
[ad_1] The National Bank of Ukraine (NBU) is considering launching a state-owned digital currency based on blockchain, local news outlet Vesti Ukraine reported Tuesday, September 25.NBU says that the blockchain-based hryvnia, or e-hryvnia, has to be centralized and remain under government control, Vesti Ukraine writes. The state-backed coin is expected to increase the rate of non-cash payments, along with reducing their cost.Ukraine has brought up the "digital coin" idea several
[ad_1] Chinese crypto mining giant Bitmain has filed a draft application for listing the company’s shares on the Hong Kong Stock Exchange (HKEX), according to an official application document published Wednesday, September 26.Bitmain has provided a draft application proof that is required for public listing on the HKEX, aiming “solely” to disclose information to the public in Hong Kong, and “not for any other purposes.” By providing a detailed business
[ad_1] Nebeus, the London-based crypto platform, has launched a 1.1 million pound ($1.45 million) crowdfunding campaign as they set out their ambitious goal of bringing financial services to people around the world. According to the World Bank, there are 1.7 billion adults globally who remain unbanked, yet two-thirds of them own a mobile phone that they could use for online banking. The Nebeus’ campaign went live on Sept. 24, 2018
[ad_1] Ripple (XRP) has briefly surpassed the market cap of Ethereum (ETH) for the second time in a week Wednesday, September 26, once again temporarily becoming the second largest cryptocurrency by market cap.Data from CoinMarketCap shows that XRP is now again ranked third with gains of 22 percent over a 24 hour period, with ETH in the second highest spot for market cap with gains around 3 percent by press
[ad_1] French stock market regulator, the Autorite des Marches Financiers (AMF), announced it is blacklisting 21 new investment websites, including multiple crypto-related sites, September 26.The AMF characterizes the new additions as “unauthorized websites” that offer “atypical investments,” and directs users to its existing blacklist, which it notes is “not comprehensive.”In March, the AMF had added 15 websites — including those related to crypto and crypto-assets — to its blacklist, reminding
[ad_1] New Zealand police have warned the public about online scams after an investor lost $320,000 NZD ($213,000 USD) to crypto fraudsters, the Canterbury police confirmed Wednesday, September 26.The unnamed investor, who made multiple investments in an online cryptocurrency scheme which turned out to be fraudulent, was attracted by its “extremely good returns,” a police report from the town of Canterbury explains.According to the report, which does not mention the
[ad_1] Tech giant Dell EMC Technologies plans to remain a leader in the Indian server market by introducing products that have blockchain capabilities, local news outlet Economic Times India reports September 26.Dell has identified blockchain, artificial intelligence (AI), data analytics, and cloud-compliance as key features that the firm will push forward with in order to retain its edge. According to the Economic Times India, Dell had the highest overall market
[ad_1] The developers of open-source cryptocurrency Monero (XMR) have patched a bug that could allow an attacker to “burn” the funds of an organization’s wallet while only losing network transaction fees, according to an announcement published September 25.The bug was reportedly discovered after a community member described a hypothetical attack on the XMR subreddit. The bug could purportedly affect merchants and organizations in the XMR ecosystem, enabling an attacker to
