China Bitcoin and ICO Deals Continue After Government Crackdown – Report

Blockchain, ICO News, Investing, News, Regulation | November 8, 2017 By:

The Financial Times newspaper is reporting that Chinese investors are still trading bitcoin and buying initial coin offerings, despite new laws that prohibit those activities.

While public exchanges are shut down, private over-the-counter markets are apparently flourishing, according to the FT report. Reminbi shares of bitcoin trading on the OTC market has gone from five percent at the beginning of September,

 Read more  »

NextBlock Cancels Stock Listing Plans After Prominent Backers Claim They Weren’t Involved

Blockchain, FinTech, Investing, News, Regulation | November 6, 2017 By:

Canadian crypto venture capital firm NextBlock Global, the company has cancelled its planned public listing on the Toronto Stock Exchange will return money to existing investors. The cancellation occurred after Forbes revealed that prominent investors said to be backing the deal in NextBlock materials had not agreed to any participation.

 Read more  »

Chain ID Offers Blockchain Solution For Korean Online Banking

Blockchain, FinTech, Innovation, News, Regulation, Uncategorized | November 2, 2017 By:

Chain ID is the first update for online banking security in Korea in two decades, and the first nationwide blockchain-based banking identification system. Starting this month, Chain ID will allow users to use the same certificate across the 25 banks and securities companies that have already joined the Korea Financial Investment Blockchain Consortium.    Read more  »

US SEC Lawsuit Charges Bitcoin Laundering In Stock Pump and Dump

Blockchain, Investing, News, Regulation, Uncategorized | November 1, 2017 By:

The US Securities and Exchange Commission (SEC) is suing a day trader for alleged fraud, claiming he used bitcoin to hide profits from his stock exchange pump and dump scheme.

The SEC filed charges on Monday against Joseph Willner of Philadelphia. He is accused of illegally taking over more than 100 brokerage accounts and using the funds to artificially inflate stock prices.

 Read more  »