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Huobi Global launches Horizen (ZEN)

Singapore

Horizen (ZEN) will be launched on Huobi Global on November 7, 2018 (GMT+8). Deposits will be available from 14:30, November 7, 2018 (GMT+8). ZEN/BTC and ZEN/ETH trading will be available from 15:00, November 8, 2018 (GMT+8). Withdrawals will be available from 14:30, November 11, 2018 (GMT+8). Horizen is a technology platform that provides users with […]

SEC Details Action Taken Against ICOs During Financial Year

DBX

The U.S. Securities and Exchange Commission (SEC) Division of Enforcement has published its annual report, which includes a summary of the action taking by the regulator against ICOs over the course of the last financial year. The SEC states that “Given the explosion of ICOs over the last year,” it has sought to pursue “cases […]

“Token Day” in Singapore

Singapore

Today, in celebration of the 10th year anniversary of cryptocurrency, Bizkey is launching ‘Token Day’ in Singapore. Held from October 31st to November 18th, Token Day is a campaign to familiarize the public with cryptocurrency in a retail setting. During this period, 30 retailers clustered around Chinatown in Singapore will accept various cryptocurrencies as payment. […]

Alibaba Wins preliminary Trademark Injunction Against Cryptocurrency Alibabacoin

Alibabacoin

Chinese e-commerce giant Alibaba Group Holding Limited has won a preliminary injunction against cryptocurrency firm Alibabacoin Foundation. The legal victory centers on the use of the company’s name, or likeness, purportedly to promote the foundation’s similarly named virtual currency, according to Oct. 22 court documents in the U.S.’s Southern District of New York. The case […]

Taiwan Financial Supervisory Commission Says it is Drafting ICO Regulations

Huobi

The Financial Supervisory Commission (FSC) is drawing up national standards for initial coin offerings (ICOs) to make virtual tokens as easy to invest in as stocks and just as liquid, FSC Chairman Wellington Koo said yesterday. The draft is to be completed by June next year, he told a meeting of the Legislative Yuan’s Finance […]

ICO Portfolio is Down by 66% in the First Half of 2018

ICO

In the first half of 2018, 86% of the leading initial coin offerings (ICOs) that listed on a cryptocurrency exchange in 2017 are below their initial listing price and a portfolio of these ICOs is down by 66% since the peak of the market at the beginning of this year, according to a study from […]

MasterCard Ban Starts Monday, VISA in December

MasterCard

Payment processors have been expecting the changes for months, brokers forced out of credit cards. As expected, card payments are becoming more and more difficult for some brokers. Those who are operating from unregulated or loosely regulated environments will need to find alternatives. Sources with intimate knowledge of the matter confirmed to Finance Magnates that […]

Korea’s Top Financial Regulator Reaffirms Negative Stance on ICOs

Regulator Reaffirms

Korea’s top financial regulator has reaffirmed his negative stance on virtual currency transactions and initial coin offerings (ICOs), Business Korea reported Oct. 11. “The government does not deny the potential of the blockchain industry,” said Choi Jong-koo, the chairman of the Financial Services Commission, at the parliamentary audit session of his commission at the National […]

Securities Commissioner Issues Orders Against 3 Companies Promoting ICOs in North Dakota

North Dakota

North Dakota Securities Commissioner Karen Tyler has issued Cease and Desist Orders against 3 companies promoting unregistered and potentially fraudulent securities in North Dakota in the form of Initial Coin Offerings (ICOs). The Orders are the result of investigations being conducted by the Department’s ICO Task Force, convened by the Commissioner to identify ICOs and […]

United Arab Emirates Plans ICOs to Boost Capital Markets

Boost Capital Markets

The United Arab Emirates plans to introduce initial coin offerings (ICOs) next year to provide companies with a fresh way to raise money, the head of the securities regulator said on Monday. In ICOs, companies issue cryptocurrency tokens to investors, in much the same way as they issue shares in an initial public offer of […]

Investors Losing Interest in ICOs

Investors

Autonomous Research noted three reasons that could explain the drop in token sale activity. “First, perhaps investors have devalued the idea of buying a utility token (does nothing yet, legally non-binding), and instead want to buy equity in the same companies,” the firm wrote. By examining “Pitchbook’s data on blockchain and bitcoin venture capital raises,” […]

South Korea’s Democratic Party Lawmaker Urges Authorities Allow to ICOs

ico

A member of South Korea’s National Assembly has called on the state to “open up the road” to ICO by easing regulations, South Korean financial outlet Economy reports October 2. According to the article, Min Byung-doo, a Democratic Party lawmaker, will introduce a project of for ICO legislation at the next round of the National […]

500 Million HWG Cash will be Issued on everiToken Public Chain

Token

Recently, Ho Wah Genting Group and everiToken announced the official signing of a strategic cooperation. Strategic Partnership Agreement: Ho Wah Genting Group & EveriToken AG Stablecoin Issuance at EveriToken Public Chain: USD 500 Mln HWG Cash. That means the Ho Wah Genting Group will issue a stable coin based on the everiToken public chain, and […]

SEC Seeks Sanctions Against Individuals Behind Alleged Cryptocurrency Scam PlexCoin

PlexCoin Tokens

The case launched by the United States Securities and Exchange Commission (SEC) against PlexCorps, also known as PlexCoin, and the individuals behind this scheme – Dominic Lacroix and Sabrina Paradis-Royer, continues at the New York Eastern District Court, with the US regulator having hard time to make the defendants co-operate, or, at the very least, […]

India’s Supreme Court to Hear Final Arguments on RBI Ban on Cryptocurrency Exchanges

Indiaва

India’s Supreme Court will hear final arguments on petitions challenging the virtual ban imposed by the Reserve Bank of India (RBI) on cryptocurrency exchanges today. In April this year, the RBI had asked regulated entities to not get involved with cryptocurrency traders, firms, or individuals, imposing a virtual ban. The RBI decision was challenged by cryptocurrency […]

a16z crypto purchases 6% of MKR, backing Stablecoin Vanguard MakerDAO

Stablecoin

American venture capital fund Andreessen Horowitz has invested $15 million into blockchain startup MakerDAO (MKR). Signaling their support of MakerDAO’s Dai stablecoin, investment fund a16z crypto has purchased 6% of the total MKR token supply for $15 million USD. The purchase gives a16z crypto a stake in the first functional decentralized stablecoin and the only system built with formally […]

Bitzon: A Cost-Effective Way to Harness Benefits of the E-commerce Domain

Bitzon1

With technological advancement and faster internet speed, companies from all around the world are increasingly shifting their businesses online. While this transformation is eminent, there are many hindrances like large capital investment, manpower, technical proficiency, etc., that hold back SMEs from entering this revolution. Furthermore, the product line of small-scale businesses often showcase a limited […]

DBX – The Blockchain For Real World Apps Launches Official ICO

DBX

September 19th, 2018, Singapore – The technology company that’s leveraging Blockchain to build applications and businesses with transparency and control of data in its core, begins ICO. DBX made headlines this week with the announcement of their ICO launch that is expected to shake up the Blockchain ecosystem. The ICO, which is now open, intends […]

Juventus Is Launching a Crypto Token

Juventus

One of the most popular soccer clubs in the world is launching a crypto token that it says will boost fan numbers by allowing them to “be heard.” For the effort, Italy’s Juventus Football Club, which boasts Cristiano Ronaldo as a current team member, is teaming up with Socios.com to launch the “Juventus Official Fan […]

500 Cryptocurrency Startups Have Found a Home in Switzerland

Switzerland

In an effort to maintain its status as a cryptocurrency hub, Switzerland has taken steps to help blockchain companies access the traditional financial system by making it easier for them to open corporate bank accounts. Faced with an exodus of cryptocurrency projects from the country due to falling access to the banking sector, the Swiss […]

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