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A U.S. judge ruled Wednesday that Kik violated securities law when it raised $100 million via a token sale in 2017. Judge Alvin Hellerstein, a U.S. district judge for the Southern District of New York, wrote that in his view, Kik’s “token distribution event” (TDE) satisfied the three prongs of
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Agencies from 48 states are expected to unveil a new framework today that will simplify and consolidate regulation for crypto companies. Source
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FTX acquired Blockfolio, ConsenSys acquired Quorum and police have seized the third-largest exchange in South Korea. And news broke the U.S. Securities and Exchange Commission (SEC) has formalized new “accredited investor” rules. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re
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The U.S. Securities and Exchange Commission (SEC) has formally adopted new accredited investor rules, expanding the group of Americans who can invest in private securities. The new definition, which lets individuals holding certain licenses meet the definition of “accredited investor,” was first released for public comment in December 2019. Accredited investors
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Cryptocurrency firms in the United Kingdom could soon be faced with more extensive Anti-Money Laundering (AML) reporting requirements.In a consultation paper published this month, the Financial Conduct Authority proposed broadening annual financial crime reporting obligations to include all crypto asset exchange and custodian wallet providers.The regulator says that by extending
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Chainalysis reported that at least $50 billion of cryptocurrency moved from China-based digital assets to other parts of the world in 2019 hinting at capital flight from Beijing rules.At least $50 billion of crypto moved from China-based digital assets to other parts of the world in 2019 according to a
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Do you follow some crypto trading rules? If you don’t have any, you should use these five golden rules for successful trading. Crypto trading isn’t about getting lucky a few times. If you want to find success with trading cryptocurrencies, you must base your good results on fundamentals, good habits, and
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In what comes as yet another significant assent solidifying the narrative of bitcoin (BTC) as a legitimate medium of payment, a federal court in the U.S. ruled that the premier cryptocurrency is a form of “money” covered under the Washington D.C. Money Transmitters Act (MTA). However, crypto bulls should not keep
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Bitcoin is a form of “money” covered under the Washington, D.C., Money Transmitters Act, a federal court said Friday. Update (July 24, 17:13 UTC): This article has been updated with a comment from Coin Center.Update (July 24, 17:29 UTC): This article has been updated with background information on U.S. v. Harmon. DisclosureThe leader in
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A Fifth Circuit panel of judges recently ruled that Fourth Amendment rights do not apply to cryptocurrency transaction data that stems from an exchange. The U.S. court ruled against the defendant, Richard Gratkowski, who attempted to leverage the Fourth Amendment in an appeal. According to the ruling of a
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