Ethereum Watch

“Based on my understanding of the present state of ether, the ethereum network and its decentralized structure, current offers and sales of ether are not securities transactions.” Advertisements So said William Hinman, director of the division of corporate finance at the U.S. Securities and Exchange Commission (SEC) at a Yahoo! All Markets Summit event in […]

Hearings began Thursday in the case against My Big Coin, the cryptocurrency company that the CFTC has accused of defrauding investors of $6 million. But the attorneys for My Big Coin claim the CFTC has no authority to regulate the cryptocurrency company. Advertisements A “categorical platypus” – that’s the phrase attorney Marco Santori used to describe […]

Ripple, the cryptocurrency answer to the real-time remittance, payment, and settlement problem, admits that a blockchain global payment solution may not be ready for prime time. Advertisements Reuters reported on June 13 that Ripple’s chief cryptographer, David Schwartz, acknowledged that difficulty with scalability, along with concerns about privacy, will likely keep distributed ledger-enabled settlement systems […]

After William Hinman, director of the division of corporation finance for the Securities and Exchange Commission (SEC), shared his view that Ether is not a security, Cboe Global Markets (Cboe) issued a statement about the potential for a financial derivative linked to the cryptocurrency. Advertisements “This announcement clears a key stumbling block for Ether futures, […]

Although it has been reported by several outlets that Walmart was just awarded a patent on a blockchain-based method and system for managing demand on an electric grid, there is no such news to report. Here’s what we actually know. Advertisements On June 14, United States Patent Application number 15/840724 was published on the US […]

Ethereum is not a security, at least in the view of U.S. Securities and Exchange Commission (SEC) director of corporate finance William Hinman. Advertisements Speaking at the Yahoo! All Markets Summit: Crypto event in San Francisco Thursday, the official told the audience that the agency “doesn’t see a lot of value in treating ether today […]

Tether may be used to manipulate cryptocurrency market, Thailand’s SEC likely to approve only one of fifty ICOs under new framework, top 5 cryptocurrency price changes, and more! Advertisements A recently published research paper from the University of Texas concluded that Tether may have been used to manipulate the price of Bitcoin and other cryptocurrencies. Image […]

But let’s not get ahead of ourselves. Advertisements At Thursday’s Yahoo Finance summit on cryptocurrency, the director of the SEC’s Division of Corporation Finance, William Hinman, delivered remarks entitled “Digital Asset Transactions: When Howey Met Gary (Plastic).” Today, some publications latched onto Hinman’s statements regarding Ether, the second largest cryptocurrency by market capitalization (behind bitcoin). […]

Now that cryptocurrency laws and regulations have been put into place, Thailand’s SEC is ready to approve ICO fundraising. Advertisements The Bangkok Times reported June 13 that five new ICO projects will register for consideration by Thailand’s Securities and Exchange Commission (SEC) to begin fundraising procedures after regulatory laws for the cryptocurrency industry come into […]

Today the New York Department of Financial Services announced it has granted a BitLicense to Xapo and authorized settlement platform Paxos to expand the scope of its services. Advertisements The New York Department of Financial Services (DFS) has granted a BitLicense to the digital financial services company Xapo, bringing the total number of approved charters […]