Veritaseum (VERI) Slumps 60% After Emergency Lawsuit by the SEC

Veritaseum (VERI) slumped 60% in the past 24-hour after The United States Securities and Exchange Commission (SEC) has filed an emergency lawsuit. Big Blow for VERI The explosion of the crypto space has led to a lot of tech innovation as companies have resorted to distributed tokens in the form of an Initial Coin Offering…

SEC Files Lawsuit Against Veritaseum (VERI) Founder

The SEC has filed an emergency lawsuit against Veritaseum (VERI) and its founder Reginald Middleton with the New York Eastern District Court. The action aims to prevent Mr. Middleton from spending $8 million USD raised by the company in an ICO. “Knowingly Misled” VERI Investors The SEC alleges that Mr. Middleton “knowingly misled” investors about…

SEC to Decide Later on Three Bitcoin ETF Proposals

Ever since Bitcoin had that incredible rally back in 2017, there has been a lot of talk among big-ticket investors to find a way to bring the cryptocurrency into the world of mainstream investing. It was around that time that the idea of Bitcoin-based exchange-traded funds (ETFs) was first floated. Ultimately, the Securities and Exchange…

Zambian SEC Warns Investors About Scam Cryptocurrency Investments

The Securities and Exchange Commission of Zambia has issued a caution to the public to beware of scammers operating cryptocurrency investment advice services. The financial regulators received information about a company called KWAKOO that was pushing an initial coin offering with dubious future price predictions. The nation’s SEC has stated that the firm is not…

Statement issued by the US SEC and FINRA on Crypto Custody Regulations : CryptoCurrency

I disagree with this one, but it’s dependent on the overall architecture of the token itself. This obviously won’t work for all cryptos, but I think we’re finding ourselves in a position of needing cryptos that can adhere to the current regulatory environment. For the Stellar network specifically, I believe there’s adequate measures that can…

Bitcoin Price Fluctuates but SEC EFT Proposals at Standstill

On June 26, the price of bitcoin surged to a 12-month high of nearly $13,900 (up about 35% on the month) before losing more than $1,700 in a span of 15 minutes, then rebounding slightly and closing the day at around $12,800. All the while, retail and institutional investors seeking to gain exposure to this…

SEC Begins Accepting Public Comments on ETF Backed by Bitcoin and T-Bills

The U.S. Securities and Exchange Commission is kicking off the public comment period for a proposed exchange-traded fund (ETF) backed by bitcoin and Treasury bills. The SEC published a rule change proposal Tuesday which would allow Wilshire Phoenix Funds to list shares of the ETF on the NYSE Arca exchange, announcing the beginning of a 21-day…

Want to learn blockchain? Understand SEC guidelines? See real world use cases in action? Come to TruffleCon 2019! : CryptoCurrency

Truffle Suite is hosting our annual conference August 2-4 at Microsoft’s campus in Redmond, WA. The conference has something for anyone, from developer to tech entrepreneur to industry enthusiast. Including: – Driving Renewable Energy Usage With Blockchain and Electric Vehicles with Danny Pan (Consultant, West Monroe Partners) – Crypto Legal Ecosystem Panel with Joe Cutler…