SEC Starts Cryptocurrency Probe – Subpoenas Are Issued

Investing, News, Regulation | February 28, 2018 By:

The US Securities and Exchange Commission has begun issuing what’s described as “scores” of subpoenas to cryptocurrency companies and their advisors.

The Wall Street Journal reports that the subpoenas and information requests, described as “sweeping,” have gone out to various US companies. The action comes after the SEC continually warned companies that many tokens created by initial coin offerings (ICO) were,


Blockchain Fund Launched By Reflective Venture Partners

Announcements, Blockchain, Investing | February 28, 2018 By:

Newly formed blockchain-focused fund Reflective Venture Partners has announced its initial fund in the amount of 100 million RHOC token (approx. 180M USD) to support and incubate early-stage blockchain startups. RHOC token is RChain Cooperative’s native cryptocurrency.

The fund will invest in startups that are developing blockchain-specific distributed applications (dApps) and decentralized solutions.


European Commission To Review Existing Cryptocurrency Regulation

News, Regulation | February 28, 2018 By:

European Commission vice president Valdis Dombrovskis said that the EC would assess the existing regulatory framework for cryptocurrencies and accordingly decide whether regulatory action at the European Union level is required.

Dombrovskis made the remarks at the roundtable on cryptocurrencies. The goal of the roundtable was to feed into the EC’s upcoming Action Plan on FinTech,


German Automaker Porsche Tests Blockchain For Data Logging

News | February 28, 2018 By:

German automaker Porsche is currently testing blockchain applications directly in vehicles.

The trial is being conducted in collaboration with blockchain startup Xain AG, which won Porsche’s first innovation contest on blockchain technology in June 2017. Xain focuses on the development of machine learning/artificial intelligence products on top of its patented governed blockchain optimization framework.