News > FinTech, Blockchain, Financial Services

The Battle Over ICO Regulation Has Just Begun
In a speech he delivered last December, U.S. Securities and Exchange Commissioner Jay Clayton somewhat surprisingly acknowledged that he believed initial coin offerings (ICOs) are potentially "effective ways for entrepreneurs and others to raise capital." It became a little less surprising, however, when Clayton added one big caveat: "The novel technological nature of an ICO does not change the fundamental
Reports: Former Trump Cabinet Member Has Jumped on the Blockchain Bandwagon
During his short tenure as interior secretary in the Trump administration, Ryan Zinke was primarily known for two things: Leading the White House's aggressive rollback of environmental protections and being the target of several federal investigations into alleged corruption that eventually led to his resignation in December. But now Zinke wants to be known for something else, as he's been
Report: Fidelity is Eyeing March to Launch its Bitcoin Custody Service
Fidelity Investments' anticipated bitcoin custody service, which will service institutional investors that want to trade cryptocurrencies, is now slated to launch in March, Bloomberg reports. Fidelity is expected to first offer bitcoin storage and then ether custody next, according to Bloomberg, citing three firms that have spoken to Fidelity. “We are currently serving a select set of eligible clients as
Kik is Reportedly Challenging the SEC's Ability to Regulate ICOs
Mobile messaging app Kik is gearing up for a court battle to challenge the Securities and Exchange Commission's authority to regulate initial coin offerings (ICOs), the Wall Street Journal reports. Ted Livingston, chief founder and chief executive officer of the Waterloo, Ontario-based startup, tells the Journal that the company "plans to fight an expected enforcement action from the Securities and
Searching For the 'Holy Grail' of Crypto Rules
When global crypto wallet firm Xapo recently announced at the World Web Forum in Zurich that it was relocating its most important business operations from Hong Kong to Switzerland, Xapo's president Ted Rogers cited "he search for a better crypto regulatory environment" as the reason for the move, according to Cointelegraph. When Michael Arrington, a partner at Arrington XRP Capital,
Top Crypto Investor Predicts Bitcoin Will Go to Zero
It's no real secret by now that after bitcoin's disastrous year in 2018, the general consensus is that things are probably going to get worse for the world's largest cryptocurrency before they get better. The question now for investors is, how much worse? Jeff Schumacher, founder of BCG Digital Ventures and a leading investor in the cryptocurrency and blockchain space,
Japanese Banking Giant Invests $15M in Swiss-Based Crypto Wallet Startup
Japanese financial services giant SBI Holdings has invested $15 million in Tangem, a Swiss-based startup that produces a blockchain-powered smart card crypto wallet, The funding  was made through SBI Crypto Investment Ltd., a digital asset venture subsidiary of SBI Holdings, and according to an announcement from Tangem, it will use the money "to accelerate the deployment of its technology in
New Zealand-Based Crypto Exchange Confirms it Suffered Major Security Breach
New Zealand-based cryptocurrency exchange Cryptopia suspended trading and went offline on Tuesday after revealing that it had suffered a security breach, resulting in "significant losses." The company said in a tweet that the hacking happened on Monday, January 14 and that after it had been "identified by staff, the exchange was put into maintenance while we assessed the damages." https://twitter.com/Cryptopia_NZ/status/1085084168852291586?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1085084168852291586&ref_url=https%3A%2F%2Fwww.fastcompany.com%2F90292464%2Ftappan-zee-bridge-demolition-watch-a-video-of-the-explosion
Malaysia Will Begin Regulating ICOs as Securities This Week
Malaysia's Securities Commission (SC) announced that it will begin regulating initial coin offerings (ICOs) and cryptocurrency exchanges this week, with a regulatory framework for digital assets expected to be launched by the end of the first quarter. By regulating ICOs as securities, the SC notes that "the offering of digital assets, as well as its associated activities, will require authorisation
Analysts Mostly Shrug Their Shoulders as Bitcoin Rises Above $4k
There was a time during those heady days of 2017 when one could expect would be breathless coverage around every Bitcoin surge (including right here on this site), but as crypto investors continue to lick their wounds from last year's brutal crash in the market, it's apparently going to take more than modest price movements to get people excited. So,