PBOC Deputy Governor Calls STOs ‘Illegal Financial Activity’

Local media has reported that the People’s Bank of China (PBOC) has banned security token offerings (STOs). Pan Gongsheng, a deputy governor of the PBOC, has mobilized the same rhetoric used with regard to initial coin offerings (ICOs) in describing STOs, accusing security token offerings of comprising “illegal financial activity.” Also Read: Federal Agents Told This […]

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Israel Tax Authority Launches Offensive on Undisclosed Crypto Earnings

Israel Tax Authority Launches Offensive on Undisclosed Crypto EarningsLocal reports have asserted that the Israel Tax Authority has launched a renewed crackdown on unreported cryptocurrency earnings. The Israeli tax regulator has opened hundreds of tax accounts and sent letters of notice to Israeli citizens suspected of failing to disclose earnings derived from cryptocurrency-relate activities. Also Read: $1 Million BTC Options Position Set to Expire […]

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$1 Million BTC Options Position Set to Expire on Dec. 28

$1 Million BTC Options Position Set to Expire on Dec. 28thFormer portfolio manager at the University of Chicago endowment and current CIO of Blocktower Capital, Ari Paul, was reported to have made the largest-ever speculative play using BTC options during December of 2017. The contracts, which will expire on Dec. 28, 2018, are almost guaranteed to close as a total loss. Also Read: Report: Indian Government […]

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USDT Volume Up Despite Tether’s Stablecoin Dominance Dropping

USDT Trade Volume Up Despite Drop in Tether's Stablecoin DominanceThe ongoing drama surrounding the opaque operations of Tether throughout 2018 has driven the proliferation of similar pegged currencies, leading to USDT’s dominance over the stablecoin markets waning. Despite this shift, USDT trade volume has risen 100 percent since tether’s dramatic decoupling from its dollar peg in October. Also Read: Buffett Bet 2.0: Asset Manager Wagers […]

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USDT Volume Up Despite Tether’s Stablecoin Dominance Dropping

USDT Trade Volume Up Despite Drop in Tether's Stablecoin DominanceThe ongoing drama surrounding the opaque operations of Tether throughout 2018 has driven the proliferation of similar pegged currencies, leading to USDT’s dominance over the stablecoin markets waning. Despite this shift, USDT trade volume has risen 100 percent since tether’s dramatic decoupling from its dollar peg in October. Also Read: Buffett Bet 2.0: Asset Manager Wagers […]

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Markets Update: Leading Cryptos Grind to New Lows for 2018

Markets Update: Leading Cryptos Grind to New Lows for 2018In the last 24 hours, many leading cryptocurrency markets have broken down to post new lows for 2018. The bloodshed has seen BCH fall below $100 for the first time ever, while the market cap of ETH has fallen below $10 billion for the first time in over a year. The total capitalization of the […]

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International Cooperation ‘Critical’ to SEC Action Against ICOs

International Cooperation "Critical" to SEC Action Against ICOsSteven Peikin, co-director of the enforcement division of the U.S. Securities and Exchange Commission (SEC), recently described international cooperation as playing a critical role in facilitating investigations in the initial coin offering (ICO) sector. Also Read: Chinese Miners Short BTC Markets to Hedge Against Falling Prices  ‘Daunting Task’ of Identifying Misconduct Speaking at Harvard Law School, […]

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Singapore Financial Regulator Updates Guide to Digital Token Offerings

Singapore Financial Regulator Updates Guide to Digital Token OfferingsThe Monetary Authority of Singapore (MAS) has published new guidelines pertaining to digital token offerings. The document provides additional clarity on the regulatory requirements for intermediaries that facilitate them, while highlighting the reporting obligations of entities offering capital markets products that are not classified as securities. Also Read: P2P Markets Report: Dumping Drives Record Volume Across Latin […]

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P2P Markets Report: Dumping Drives Record Volume Across Latin America and Asia

P2P Markets Report: Dumping Drives Record Volume Across Latin America and AsiaThe heavy selling pressure that has dominated the cryptocurrency markets in recent weeks has coincided with a surge in peer-to-peer (P2P) trade volume across the Localbitcoins markets in Asia and South America. Globally, higher trade activity over the past two weeks has also driven the strongest volume since September 2017, with roughly 12,116 BTC changing […]

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November Volume Rankings: Bearish Momentum Drives Surge in Trade

The significant bearish momentum experienced across cryptocurrencies throughout November drove a significant increase in monthly trade volume among the leading markets. Also Read: Japan Unveils Plans to Regulate Initial Coin Offerings BTC Posts Strongest Volume Since May According to Coinmarketcap, BTC saw an increase in monthly trade activity of 43 percent in November. Nearly $156.5 billion […]

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