Tag Archives: SEC

US Justice Department reportedly opens criminal investigation into bitcoin price manipulation

US Justice Department reportedly opens criminal investigation into bitcoin price manipulation

The Justice Department has opened a criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies, dramatically ratcheting up U.S. scrutiny of red-hot markets that critics say are rife with misconduct, according to four people familiar with the matter. The investigation is focused on illegal practices that can influence prices […]

Mitsubishi, MUFG Conduct Successful Pilot Payment With Major Thai Bank’s Blockchain

Mitsubishi, MUFG Conduct Successful Pilot Payment With Major Thai Bank’s Blockchain

Several major global banks have successfully completed a cross-border payment pilot test using Thai bank Krungsri’s (Bank of Ayudhya) Blockchain Interledger, according to a press release May 22. The pilot, conducted in the Bank of Thailand’s (BOT) regulatory sandbox, was executed by Japan’s Mitsubishi Group, their banking unit MUFG Bank, and the Standard Chartered Singapore bank. The […]

Kraken Donates $1 million to Coin Center, Backing Blockchain Research

Kraken Donates $1 million to Coin Center, Backing Blockchain Research

Cryptocurrency exchange Kraken donated $1 million to Coin Center and pledged they will match donations made up to $1 million. After slamming a fact-finding inquest into crypto-exchanges, this shows their support for research designed to help regulators. Kraken Backs Blockchain Think Tank Executive Director of Coin Center, Jerry Brito, made the surprise announcement at the […]

WSJ: Coinbase Spoke to U.S. Regulators About Acquiring Federal Banking License

WSJ: Coinbase Spoke to U.S. Regulators About Acquiring Federal Banking License

Major U.S. cryptocurrency exchange and wallet Coinbase spoke to regulators about obtaining a federal banking charter, according to a report by the Wall Street Journal (WSJ) May 18. Citing “a person familiar with the matter”, the WSJ reports that Coinbase spoke to the U.S. Office of the Comptroller of the Currency (OCC) at the beginning of 2018 both about […]

What to Expect When Congress Talks Blockchain Tomorrow

What to Expect When Congress Talks Blockchain Tomorrow

A pair of Congressional subcommittees will continue their fact-finding mission on blockchain during a hearing tomorrow. Tomorrow’s session will be more narrowly focused compared to a similar hearing held by the House Committee on Science, Space and Technology’s Research and Technology and Oversight Subcommittees in February. While that event cast a broad net – covering blockchain applications […]

SEC Official: ICO Market Shows Need for Securities Regulation

SEC Official: ICO Market Shows Need for Securities Regulation

The initial coin offering (ICO) ecosystem is what the wider securities marketplace would look like without regulation, a Securities and Exchange Commission (SEC) commissioner said Monday. Speaking to CNBC, commissioner Robert Jackson made the comparison when talking about the agency’s role in regulating cryptocurrencies and ICO-derived tokens – and the prospect of tighter controls in the […]

Comcast’s Venture Capital Arm Is Bullish On Bitcoin and Blockchain

Comcast’s Venture Capital Arm Is Bullish On Bitcoin and Blockchain

Gil Beyda, managing director of the venture capital (VC) arm of Comcast, appeared on CNBC today, April 26, with a bullish outlook for Bitcoin and real world applications of blockchain technology. Comcast Ventures has already invested in blockchain startups, and four of the firm’s partners are focused on blockchain investments. Beyda emphasized that cryptocurrencies could have a significant impact on […]

Crypto ‘Doesn’t Pass Test Of What A Currency Should Be’, Says Likely NY Fed President

Crypto ‘Doesn’t Pass Test Of What A Currency Should Be’, Says Likely NY Fed President

The expected next president of the New York Federal Reserve Bank said that cryptocurrency “doesn’t pass the the basic test of what a currency should be”, CNBC reports April 20. John Williams, who is currently the head of the San Francisco Federal Reserve Bank said in a speech Friday that a currency should be “basically something with a store of value.” […]

Hedge Fund Pantera CEO Says BTC ‘Highly Likely’ To Go Past $20K High Within A Year

Hedge Fund Pantera CEO Says BTC ‘Highly Likely’ To Go Past $20K High Within A Year

Dan Morehead, CEO of Blockchain-focused hedge fund Pantera Capital, named Bitcoin’s (BTC) bottom price and predicted BTC would go past its record high within a year in an interview on CNBC’s Fast Money Wednesday, April 18. Morehead, whose company returned 25,000 percent in 2017 when Bitcoin hit $20,000, said that $6,500 was the low for the recent bear […]