Ethereum Watch

The troubled exchange is being sued for allegedly making deceptive statements and false promises, attempting to skirt legal liability, and planning to leave customers holding the bag. Advertisements Several years ago, the cryptocurrency exchange, Vircurex, halted trading and to date, it has not returned all assets to its customers. This week, a proposed class-action lawsuit was filed in the Colorado […]

The Financial Stability Oversight Council recently created a working group to examine cryptocurrency. However, Treasury Secretary Steve Mnuchin appears unperturbed by any financial threat posed by bitcoin, notwithstanding potential losses by speculators. Advertisements On Friday morning, Treasury Secretary Steve Mnuchin spoke with David Rubenstein, president of the Economic Club of Washington, DC. In a segment […]

January 12, 2018 12:40 AM Advertisements A bill submitted to the US House of Representatives would require a taskforce on financial technology to be created. On January 10, Ted Budd (R- NC) introduced a bill to the House of Representatives that calls for the formation of a FinTech taskforce, among other things. It was then […]

ETHNews surveys efforts by Lithuania, Switzerland, and Ukraine to regulate and study blockchain technology and cryptocurrencies in their respective nations. Advertisements Blockchain technology is taking off, and to keep pace with the development of disruptive platforms, governments around the globe are responding. The Bank of Lithuania has revealed plans this week for a regulatory sandbox […]

Credit:iStock.com/Adrian Bysiak Advertisements I’ve often heard that wisdom is the rarest commodity on Earth, but I never fully grasped its meaning till yesterday. I was reading conflicting reports about Korea’s impending regulations—none of which is written in stone—and then ETH prices fell by double digits. I was shocked. One report said that Korean authorities were […]

In February, the Senate Banking Committee will hold a hearing on cryptocurrency. The meeting will reportedly feature testimony from the leaders of the CFTC and the SEC, agencies that have cautiously defined the parameters of cryptocurrency regulation. Advertisements On Thursday, it was reported that the US Senate Banking Committee plans to host a hearing on […]

Bills introduced to state legislatures in Florida and Nebraska would allow for EDCCs, or smart contracts, to be legally enforceable. They would also define qualifying blockchain-mediated digital signatures as legitimate in the eyes of the law. Advertisements A bill introduced to the Florida House of Representatives on January 9 proposes to recognize EDCCs (popularly known […]

Investors and exchanges in South Korea were bracing themselves for what was understood as a potential government-issued ban on cryptocurrency trading; but conflicting reports from different parts of the government are now surfacing, leaving the global community rocking on its heels. Advertisements UPDATED | January 11, 2018 4:25 pm On Wednesday, January 10, 2018, reports […]

Credit:iStock.com/ByoungJoo Advertisements Once again, regulators at the U.S. Securities and Exchange Commission (SEC) have rejected applications for Bitcoin-based exchange-traded funds (ETFs), citing volatility as their main concern. Three different funds submitted proposals for the ETFs. However, all three put distance between the proposed product and the underlying asset, meaning that the ETFs would not hold […]

January 10, 2018 12:17 AM Advertisements The vice chairman of the South Korean Financial Services Commission is calling for support from regulators around the world to examine cryptocurrencies. On January 8, 2018, vice chairman of the South Korean Financial Services Commission, Kim Yong-bum, appeared before the Steering Committee of the Financial Stability Board (FSB), an […]