Nocoiner Financial Advisers Are Failing Their Clients

With institutional investment being something of a major theme in the blockchain space these days, financial advisors better start studying up on cryptocurrencies and their underlying technology – and fast – lest they risk losing their clients.  ‘It’s Really Here to Stay’ JP Morgan chairman Jamie Dimon once called Bitcoin a “fraud,” and Vanguard CEO Tim Buckley once told CNBC, “You will never see a fund from Vanguard on bitcoin.” Their loss. Despite a slew of negativity

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Kepler Pre-Sale Just Around the Corner as Market Stabilizes

After receiving even more excellent ratings from leading blockchain experts over the past few days, Kepler’s long-awaited pre-sale is now just around the corner.  Life-Changing Inventions The second phase of the pre-ICO is set to start on May 22, will last for two weeks, and will have 5,000,000 tokens available for sale. Each token will be valued at $1.25 and can be bought using Bitcoin and Ethereum. There is also set to be a stunning

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Experts Speculate How Facebook Is Exploring Blockchain

In the wake of Cambridge Analytica improperly acquiring the data of up to 87 million Facebook users, the social media giant is exploring how blockchain could decentralize its network to protect user data or even possibly create a cryptocurrency. A new report published today has experts speculating about what Facebook is developing. ‘Counter-Trends’ CEO Mark Zuckerberg confirmed in his New Year post that Facebook was exploring “counter-trends” to centralized networks, including encryption and cryptocurrency. In

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SuchApp Captures the Attention of Global Top-Tier Investors Who Realize the Platforms Potential

SuchApp has been at the forefront of promoting mainstream adoption of Blockchain technology such that now the platform has managed to capture the exclusive interest of a billionaire society looking to invest in the Blockchain enabled application. After a recent meeting by the 20 charter member society in Monaco to learn more about SuchApp (a first of its king 5g messenger application), the billionaire society that is worth over $89 billion, has realized the potential

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White Label Crypto Exchange Platform EXPREAD Announces Partnership with FuzeX

EXPREAD (expread.io) and payment solutions provider FuzeX (fuzex.co) announced their partnership May 11, 2018. According to the announcement, the projects aim to leverage experience and technology behind both teams in order to offer their communities the best-suited trading and payment solutions. Speaking about the partnership, EXPREAD CEO Leo Liu stated: We are very excited about our partnership with FuzeX, a project that we see to have great potential to develop new payment solution that successfully combines

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First New-York Based Crypto Trading Company Receives BitLicense

A subsidiary of the Digital Currency Group has become the first New York-based crypto trading company to receive the BitLicense.

Genesis Global Trading, a subsidiary of the Digital Currency Group, has been granted a BitLicense from the New York Department of Financial Services (DFS), according to a press release published on PR Newswire today, May 17.

After the BitLicense became required for all New York crypto trading firms in August of 2015, a wave of crypto companies left the state, either unable or unwilling to comply with the stringent new regulatory requirements.

Genesis, which is the first New York-based trading firm to now operate with a BitLicense and the fifth firm overall to receive one, will be able to trade in Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Bitcoin Cash (BCH), Ripple (XRP), Litecoin (LTC), and Zcash (ZEC). The press release notes that Genesis has traded in billions of dollars worth of crypto since 2013.

Before receiving the BitLicense, Genesis had operated under a special DFS provision that still let them trade in crypto in New York state. CEO of Genesis Global Trading, Michael Moro said in the press release that “although we have operated under a safe harbor provision in recent years, today’s decision is an important step forward and reaffirms the robust compliance measures we have enacted as an established trading partner.”    

The Square Cash app, which has included a Bitcoin option since this January,  is currently working on getting a BitLicense in order to operate in New York. The app added Wyoming to its list of states allowing the crypto option in mid-March, with New York, Georgia, and Hawaii still excluded.

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Wall Street Journal Research Finds ‘Red Flags’ In 19% Of ICOs

271 out of 1450 ICOs found by the Wall Street Journal use “deceptive or even fraudulent tactics,” it says.

The Wall Street Journal released findings from its analysis of almost 1500 initial coin offerings (ICOs) May 17, concluding 18.6% of them raised “red flags.”

The latest source to investigate the still-booming ICO market, the WSJ warned that of the 1450 offerings it found, 271 of them were using what it described as “deceptive or even fraudulent tactics.”

Those tactics ranged from hiding or providing fake information about the issuing company’s location and leadership to secrecy about finances and even plagiarized whitepapers.

Of the 271 suspicious actors, some have already shut down, with lawsuits and regulators resulting in investors attempting to recoup an estimated $273 mln in lost funds.

Authorities continue to grapple with the rate of expansion of ICOs throughout the world in 2018, with the US Securities and Exchange Commission (SEC) resolving to closely monitor the domestic arena for bad actors.

The fundraising tool further divides opinion both inside and outside the cryptocurrency industry.

Cointelegraph today reported on how UK platform CoinShares’ CEO Danny Masters said improvements to the ICO arena were an essential step in allowing Bitcoin markets to grow.

Earlier this month meanwhile, Zhao Changpeng, CEO of the world’s largest cryptocurrency exchange Binance, released a dedicated blog post praising ICOs, investing in which he described as “100 times easier than through traditional VCs.”

“Scams exist everywhere, in every industry,” he wrote on the topic of illegal offerings.

“I still receive phone calls and SMS telling me I won a grand prize, but I need to make a bank transfer to someone first. Does that mean we should stop using phones, SMS, and banks?”

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Bitcoin Legitimized in EU Following New KYC Regulations

Bitcoin is set to find new legitimacy in the European Union as member states agreed to force cryptocurrency exchanges within its jurisdiction to collect identification data on their users in an effort to prevent money laundering.  Legitimizing Bitcoin and Cryptocurrency in the EU Both cryptocurrency exchanges and online wallets operating in the European Union’s jurisdiction are now required to carry out the exact same know-your-customer (KYC) checks as traditional banks. The regulatory move comes as the

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Announcing The OPEN Chain

OPEN believes strongly in a decentralized future. In order to make that happen, it is absolutely necessary that cryptocurrencies today are able to function like fiat currencies so that believers in blockchain technology are able to spend them today for goods and services. OPEN is creating a world where all applications accept cryptocurrencies as easily as they do fiat currency. OPEN has always believed that the best solutions to achieving mainstream adoption of blockchain technologies

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Ledger Partners with Nomura and Global Advisors to ‘Pave the Way for Secure and Compliant Institutional Investment’

Helping institutional investors enter the cryptocurrency space has been the overriding theme of this year’s Consensus conference in New York City — and one such notable announcement is the partnership between Nomura, Ledger, and Global Advisors, who plan on building a secure digital asset custody solution.  Welcome, Institutions In an effort to provide infrastructure and an operational framework to the overarching investment management industry, Nomura, Ledger, and Global Advisors are partnering to create Komainu — a

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