SEC Slaps Blockchain Author Alex Tapscott, Firm With Fines Over Securities Violations

The U.S. Securities and Exchange Commission (SEC) has fined blockchain author Alex Tapscott and his investment firm NextBlock Global over securities violations. The SEC says that Canada-based NextBlock had been offering securities that were not registered with the SEC “in any capacity” and that false misrepresentations were made about the firm when soliciting investors. The […]

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SEC’s Valerie Szczepanik at SXSW: Crypto ‘Spring’ Is Going to Come

The U.S. Securities and Exchange Commission’s Valerie Szczepanik is optimistic that regulation will ultimately boost the cryptocurrency market. “I do think if we hope to smell the crypto spring in the air, it will take people walking with the regulators,” Szczepanik, the SEC’s senior advisor for digital assets, told a crowd Friday at SXSW in […]

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NYSE Arca Files Paperwork for Bitwise Bitcoin ETF Approval

New details have surfaced about the bitcoin exchange-traded fund (ETF) proposed by Bitwise and NYSE Arca. Bitwise Asset Management announced its intention to launch the ETF earlier this month. If approved, it would be the first bitcoin ETF to make it to market in the U.S. At the time, the company said NYSE Arca would file the […]

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SEC Fines Crypto Fund $50K and Issues Cease-and-Desist

The U.S. Securities and Exchange Commission has ordered fund manager CoinAlpha Advisors LLC to pay a $50,000 fine following what it deemed to be an unregistered securities sale. According to the order published Friday, CoinAlpha formed a fund in October 2017 with the goal of investing in digital assets. It reached out to possible investors, […]

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Nearly 500 Crypto Startups Bank at Silvergate, IPO Filing Reveals

The California-based parent of Silvergate Bank has detailed its relationships with the cryptocurrency industry as part of its IPO filing with the Securities and Exchange Commission (SEC). Touting itself as “The Banking Platform for Innovators” in its S-1 prospectus, filed with the SEC on Nov. 16, Silvergate Capital disclosed that the bank now serves 483 […]

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SEC Settles Securities Registration Charges Against 2 ICO Startups

Two cryptocurrency startups have agreed to register their initial coin offering (ICO) tokens as securities after settling charges with the U.S. Securities and Exchange Commission. The SEC’s Friday announcement centered on two firms: CarrierEQ Inc., also known as Airfox, and Paragon Coin Inc., both of which conducted token sales last year. Airfox raised $15 million […]

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SEC, CFTC Charge Bitcoin Futures Firm 1Broker With Securities Law Violations

The U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) are suing a Marshall Islands-based securities dealer for allegedly violating federal law through a bitcoin-based security swap scheme. The SEC announced in a press release that it filed charges against 1pool Ltd., also known as 1Broker, as well as its CEO Patrick […]

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