Huobi Global launches Horizen (ZEN)
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
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
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
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
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
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
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
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 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
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 […]
