The SEC Case Against Kik's ICO Appears Strong, Experts Say

The U.S. Securities and Exchange Commission has sued messenger app maker Kik for its $100 million ICO – which the agency contends was an unregistered securities sale – and the regulator appears to have built up a strong case in its initial court move. In a complaint filed Tuesday, the SEC alleged that Kik violated federal securities law by not registering […]

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Japan in Fear of Cryptocurrency ETFs Due to Price Volatility

Japan is suspicious about cryptocurrency-based exchange-traded funds (ETFs) due to price volatility. According to the remarks from the upper house of the National Diet that happened recently, the country’s monetary watchdog Japanese Financial Service Agency (FSA) expressed a watchful stance towards ETFs. At the meeting, a political figure Takeshi Fujimaki, revealed that the blockchain and digital currency community could very […]

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Cartoon: Driving Sheep

Industry regulators are finally catching up with blockchain companies that have dubiously defined their tokens as "utilities" (therefore avoiding the strict issuing and management requirements of "securities"). The U.S. Securities and Exchange Commission has publicly brought a number of enforcement actions against over 20 such companies and individuals, which is encouraging the rest of the blockchain industry to step back […]

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Kik Launches $5 Million Crypto Funding Campaign for Lawsuit Against US SEC

Canadian tokenized social media startup Kik has launched a $5 million crypto initiative to fund a lawsuit against the United States Securities and Exchange Commission (SEC), Kik CEO announced in the crypto-focused Unchained podcast by Laura Shin on May 28. Ted Livingston, Kik CEO and founder of Kik’s crypto project the Kin Foundation (KIN), revealed the formation of DefendCrypto fund […]

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SEC Again Delays Decision On VanEck SolidX Bitcoin ETF Application

The United States Securities and Exchange Commission has again postponed its decision on a bitcoin exchange-traded fund or ETF application by VanEck SolidX Bitcoin Trust. The regulator has issued public notices regarding the designation of a longer period for commission action on a proposed rule change relating to the listing and trading of SolidX Bitcoin Shares issued by the VanEck […]

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SEC Delays Cryptocurrency ETF Verdict, is This a Good Thing?

The United States (US) Securities and Exchange Commission (SEC) yet again ruined the hopes of the public involved in the cryptocurrency industry, by rearranging a verdict on the launch of a Bitcoin exchange-traded fund (ETF) to make a more dependable platform for significant institutional money to enter the digital currency markets. The US SEC’s delay of a crypto ETF is […]

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SEC Postpones VanEck Bitcoin ETF, Yet Again. Should We Expect an Approval in 2019?

Yesterday, the United States Securities and Exchange Commission (SEC) postponed its decision on the VanEck/SolidX bitcoin (BTC) exchange-traded fund (ETF) proposal, signaling that the regulator is still not ready to see crypto-based funds being traded on regulated exchanges. However, while the general sentiment is that the agency will continue to push back, there’s a slight chance that a crypto ETF […]

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Leading ETF Authority Claims SEC Still Gathering Information on Bitcoin (BTC)

In a frustrating move for both institutional and retail investors, the United States Securities & Exchange Commission (SEC) has ruled to delay its decision on Bitcoin ETFs–again. Since mid-2018, Bitcoin Exchange-Traded Funds (ETFs) have been the hot topic of conversation in cryptocurrency and a focal point for the industry in encouraging institutions to invest in digital assets. As opposed to […]

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Bitcoin [BTC] ETF: SEC postpones verdict on ETF; final decision set for October 2019

In the middle of a significantly bullish May, a public notice was issued by the SEC, announcing a further delay to the hotly anticipated Bitwise Bitcoin Exchange Traded Fund [ETF]. A publicly-traded Bitcoin product could have major implications on the market, both on the retail side and the institutional side. The ETF will likely establish several channels of purchase and trade, allowing […]

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