cryptocurrency

Signature Bank Partners with trueDigital

December 4, 2018
Article by:

Blockchain

Today, Signature Bank unveiled a proprietary digital payments platform for its commercial clients, according to a statement released by the bank. The platform, called Signet, is designed to allow Signature Bank’s commercial clients to make real-time payments in U.S. dollars, every hour of the year. “The ability to transmit funds between approved, fully vetted commercial […]

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ICO Connected to George Popescu Settles With SEC, Must Return Millions to Investors

November 16, 2018
Article by:

Magic Lamp

A Boston based startup that raised $15 million in funds via an Initial Coin Offering (ICO) must return the money to investors and pay a $250,000 fine, the SEC announced. AirFox, who must make those payments in accordance with an SEC settlement, introduced a plan in 2017 to provide free data to mobile phone users […]

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1st Global Capital’s Activities Spilled into Cryptocurrency and ICOs

September 14, 2018
Article by:

cryptocurrency ban

Curious details are emerging in the wake of the 1st Global Capital bankruptcy and subsequent SEC charges. Among them is that $161,000 of company funds were used to purchase cryptocurrency. Many of those purchases were made in February of this year for a total of $92,492. The cryptocurrency market has slumped since then. Bitcoin, for […]

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Bitcoin Continues to Drop Following Report That Goldman Scrapped Plan for Crypto Trading Desk

September 6, 2018
Article by:

bitcoin blues

Bitcoin fell about five percent yesterday to below $7,000 after Business Insider published a story saying that Goldman Sachs is dropping its plan to open a trading desk dedicated to cryptocurrencies. The Business Insider story made this claim anonymously, citing people familiar with matter.   Update: Goldman Sachs CFO Martin Chavez discounted the Business Insider report […]

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Two-Thirds of Daily Crypto Trade Volume May Be Fake

August 27, 2018
Article by:

crypto trading

Two-thirds of daily trade volume in cryptocurrency is faked, according to research published this month by the Blockchain Transparency Institute (BTI). This translates to $6 billion a day, according to the report. What this likely means is that the exchanges themselves are quickly buying and selling cryptocurrency to give the illusion of high activity on […]

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As Ripple’s XRP Drops, Legal Trouble Builds

August 15, 2018
Article by:

Ripple

Ripple’s cryptocurrency, XRP, has dropped by about 90 percent from a high of $3.84 per token in January of this year to $0.29 today. When XRP hit its high of $3.84, Ripple co-founder Chris Larsen briefly became one of the richest men in the world because of his sizable ownership of the currency, his share […]

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Crypto and Blockchain Added to 2019 CFA Exam

July 18, 2018
Article by:

Steve Horan Managing Director for General Education and Curriculum at the CFA Institute

Stephen Horan, Managing Director for General Education and Curriculum at the CFA Institute The CFA Institute, which creates the curriculum for the annual Chartered Financial Analyst (CFA) exams, has recently added cryptocurrencies and blockchain as topics for to its tests that are known for their difficulty. The tests are administered in over 170 countries, typically […]

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Ripple Sued Again for Alleged Sales of Unregistered Securities

July 5, 2018
Article by:

Ripple

Ripple Labs Inc. and the company’s CEO, Bradley Garlinghouse, were sued again last week, according to a complaint dated June 27 and filed in San Mateo County, CA. The plaintiff is California resident David Oconer who alleges, in a class action suit, that Ripple and Garlinghouse “promoted, sold and solicited the sale of XRP.” XRP […]

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Facebook Reverses Cryptocurrecy Ad Ban

June 27, 2018
Article by:

facebook headquarters

Back in January, Facebook decided to ban all ads for cryptocurrencies. Yesterday, the social media giant changed its mind. In a post on its blog yesterday, the company stated that it will now “allow ads that promote cryptocurrency and related content from pre-approved advertisers. But we’ll continue to prohibit ads that promote binary options and […]

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Class Action Lawsuit Filed Against Ripple For Sale of Unregistered Securities

May 4, 2018
Article by:

Chris Larsen and Jo Ann Barefoot

Above: Ripple co-founder & chairman Chris Larsen speaks on stage at LendIt Fintech last month Ripple’s digital token XRP is a security, a class action lawsuit filed in the Superior Court of California contends. The 32-page complaint brought by XRP investor Ryan Coffey, says the defendants, who include Ripple CEO Brad Garlinghouse, engaged in the […]

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