Crypto Exchanges Bitfinex and Ethfinex Jointly Launch Initial Exchange Offering Platform

News Major cryptocurrency exchange Bitfinex and its spin-off Ethfinex have launched a new initial exchange offering (IEO) platform dubbed Tokinex. The news was revealed in a press release shared with Cointelegraph on May 21. As reported, IEOs have recently emerged as an alternative model of token offering wherein...
Posted On 21 May 2019

Report: US Court Claims Rapper T.I. Sold Unregistered Securities in FLiK ICO

News The Atlanta division of the United States district court of the northern district of Georgia claims in an order published on May 20 on Twitter by lawyer Stephen Palley that Rapper T.I. — real name Clifford Joseph Harris Jr. — sold unregistered securities in his FLiK initial coin offering (ICO). According to...
Posted On 21 May 2019

Australian Government Employee Faces Court for Misusing Government IT Systems to Mine Crypto

News An Australian government employee will reportedly face court today over his alleged misuse of government IT systems to mine cryptocurrency for personal gain. The news was announced by the Australian Federal Police (AFP) on May 21. The AFP alleges that the 33-year old man, whose name was not disclosed, used...
Posted On 21 May 2019

Chinese Central Bank-Led Fintech Research Institute Seeks New Blockchain Talent

News A fintech research institute established by China's central bank, the People’s Bank of China (PBoC), has posted several new job openings for blockchain talent. The three listings were published to Chinese recruitment website Lagou.com on May 21. As its profile on Lagou.com outlines, the Shenzhen Fintech...
Posted On 21 May 2019

Kraken $10 Million Equity Sale With BnkToTheFuture Seeks to Democratize Access

News United States cryptocurrency exchange Kraken is offering equity to users in a fundraiser that raised over $6 million in its first day, statistics confirmed on May 21. Kraken, which is one of the world’s oldest exchanges, is using Cayman Islands-based platform BnkToTheFuture to offer equity to vetted...
Posted On 21 May 2019

NYSE Arca Files Proposed Rule Change with SEC for Bitcoin-, T-Bills-Backed Investment Trust

News NYSE Arca has filed a proposed rule change with the United States Securities and Exchange Commission (SEC) for an application to list shares in a bitcoin (BTC) investment trust that would be backed by the cryptocurrency and T-bills. The development was revealed in an SEC filing published on May 20. The...
Posted On 21 May 2019

UK Watchdog Reports $34 Million Lost in Crypto and Forex Scams Last Year

News The primary financial regulator of the United Kingdom, the Financial Conduct Authority (FCA), reports that crypto investors in the country lost over $34 million due to cryptocurrency and forex scams from 2018–2019 the Financial Times reports on May 20. According to the data, which the FCA gathered from the...
Posted On 21 May 2019

Zimbabwe Stock Exchange Eyes Blockchain-Based Products, Needs Regulatory Clarity

News Zimbabwe Stock Exchange (ZSE) chief executive Justin Bgoni says ZSE is interested in adopting blockchain technology if regulatory certainty can be achieved, according to a report by local news daily The Chronicle on May 20 Bgoni, while in favor of blockchain technology, is waiting to apply blockchain...
Posted On 21 May 2019

Expert: SEC Still In Information-Gathering Mode Regarding Bitcoin ETF

News The United States Securities and Exchange Commission (SEC) is "still in information-gathering mode" regarding a bitcoin (BTC) exchange-traded fund (ETF), the managing director of ETF.com told CNBC on May 20. Dave Nadig, managing director of а leading authority on ETFs, delivered his comments on the issue...
Posted On 21 May 2019