Ethereum Watch

The company behind Beats headphones is in financial distress. According to filings with the Securities and Exchange Commission (SEC), in 2017, Monster Products Inc. (formerly known as Monster Cable Products Inc.) booked a comprehensive loss of $27 million. Already for Q1 of 2018, the company has incurred a net loss of approximately $19.6 million. It’s […]

An investigation into a Chinese cryptocurrency pyramid scheme has culminated in several successful prosecutions, as well as the recovery of hundreds of millions of dollars worth of yuan. Advertisements Local Chinese media are reporting that Chinese prosecutors were able to successfully recover 1.7 billion yuan ($267.5 million) from a cryptocurrency Ponzi scheme known as OneCoin […]

ETHNews spoke with attorney Jason Somensatto, who shared his thoughts on the SEC’s latest initial coin offering complaint. Advertisements Down goes another ICO! On May 29, 2018, the Securities and Exchange Commission (SEC) announced that it “obtained a court order halting an ongoing fraud involving an initial coin offering that raised as much as $21 […]

On Monday, the special committee on the fourth industrial revolution urged the National Assembly to regulate ICOs rather than allow them to be banned without exception. Advertisements In response to a universal ban on initial coin offerings (ICOs) instituted by South Korea’s Financial Services Commission (FSC) last September, a subcommittee of the National Assembly of […]

Two Russian financial institutions prepare to test a new regulatory platform with hopes of making ICOs more secure and transparent. Advertisements Russia’s National Settlement Depository (NSD) and Sberbank CIB will test a new regulatory platform created by the Bank of Russia, the country’s central bank. Both banks’ core lines of business include asset management and […]

The Shenzhen branch of the Chinese tax administration has partnered with Tencent to develop blockchain solutions to a sticky tax problem. Advertisements The Shenzhen Municipal Office of the State Administration of Taxation has announced a partnership with the Shenzhen-based tech giant, Tencent, aimed at fighting tax fraud.  The joint project, called the “Intelligent Tax” Innovation […]

A committee in the European Parliament passed a resolution that could lead to the use of distributed ledger technology throughout the continent. Advertisements On May 16th, the European Parliament Committee on Industry, Research and Energy passed a resolution outlining the benefits of adopting distributed ledger technology (DLT). The author of the resolution, Eva Kaili, a member […]

Cryptocurrencies may present more risks than benefits, according to the governor of the Spanish central bank. However, Governor Linde also believes that distributed ledger technology offers the potential for cost reduction and improved efficiency. Advertisements On May 23, 2018, Luis María Linde, governor of Spain’s central bank, shared his thoughts on cryptocurrencies and distributed ledger […]

A person or group made off with about $18 million after gaining control of 51 percent of the network’s hash power. Advertisements On May 18, 2018, the bitcoin gold network suffered what could be a multi-million-dollar loss from a 51 percent attack. During the attack, the perpetrator was able to steal 388,201 BTG, presently worth […]

Four unnamed sources with access to information about current US Department of Justice investigations have provided details of an ongoing joint investigation between the department and the CFTC into cryptocurrency price manipulation. Advertisements The United States Department of Justice is apparently conducting an investigation into suspected price manipulation of bitcoin as well as other cryptocurrencies […]