The People’s Bank of China (PBOC) and the Shanghai Municipal Financial Regulatory Bureau have announced that they will be inspecting companies that conduct cryptocurrency trading, token sales, and distributions of tokens from overseas initial coin offerings (ICOs). Once these businesses are identified, they will be...
German cryptocurrency company Karatbars has been ordered to stop doing business after being accused of running a pyramid scheme. Founded in 2011 by Harald Seiz, the firm offered online purchases of “cryptonyzed gold” tokens, offering customers a commission to sign up other “affiliates.” Seiz claims...
Telegram has submitted a new legal filing requesting that the New York Southern District Court dismiss accusations by the U.S. Securities and Exchange Commission (SEC) that its cryptocurrency is a security. In October, the company’s hearing with the SEC was postponed until February 2020. The judge...
Alipay’s Ant Financial announced that it is moving into the pilot stage for its blockchain network — Ant Blockchain Open Alliance, which was created to help small and medium-sized businesses. There are then plans to go live three months later. “While the blockchain is open to...
Bitcoin payments app Fold has announced that its users can now get 3 percent back in bitcoin when they book a stay and experience on Airbnb. The Fold Kickbacks program, which supports bitcoin’s second layer Lightning Network, features big retailers including Amazon, Starbucks and Uber...
Tencent has announced that it will launch a blockchain-based virtual bank. The company’s blockchain chief Yige Cai revealed last week that the Hong Kong Securities and Futures Commission (SFC) has approved a new license, and that the company is setting up a team to support...
Hong Kong’s chief securities regulator is calling on the world regulators to get on the same page when it comes to Facebook’s Libra to avoid the “real risk of regulatory arbitrage.” “If a retail stablecoin is approved in one jurisdiction, whether as a security, payment...
Trading platform eToro has acquired crypto portfolio management app Delta in a deal reportedly worth $5 million. “We are excited to announce that Delta will become part of the eToro Group. This is our second acquisition this year and reflects our commitment to continued growth...
Mining — on again, off again, back on again in China. That is not the mining of which one might think — not the stuff that comes out of the ground, like metals and coal, but bits and bytes. Reports came on Wednesday (Nov. 6)...
