Coinbase Racks Up SEC, California Business Oversight Complaints Alleging Lost Funds, Nonchalant Customer Service – Report

Investing, News, Regulation | June 20, 2018 By:

Coinbase has a history of not responding to customer complaints in a timely manner and often “disappeared” funds from accounts, according to a new report by website Mashable.

In a scathing article based on complaints filed to the SEC and the California Department of Business Oversight and obtained by Mashable through the Freedom of Information Act,


tZERO, BOX Digital Seek SEC Approval For Security Token Exchange

Announcements, News | June 20, 2018 By:

Overstock’s subsidiary tZero and BOX Digital Markets are seeking approval from the US Securities and Exchange Commission (SEC) to launch the world’s first security token exchange.

Last month, the two companies entered into a letter of intent to negotiate an equal joint venture that would operate as a facility of the BOX Options Exchange for the trading of security tokens in the US.


SEC Executive: Bitcoin and Ether Are Not Securities

Investing, News, Regulation | June 14, 2018 By:

A key executive at the US Securities and Exchange Commission said today that bitcoin and ether are not securities, but that many, but not all, ICOs are securities.

By determining which ICOs are securities, they would come under the SEC’s regulations.

“Central to determining whether a security is being sold is how it is being sold and the reasonable expectations of purchasers,”


US Regulators Use Carrots and Sticks For ICOs and Crypto Investments

Bitcoin, Blockchain and the Law | June 8, 2018 By:

US state and federal regulators recently offered carrots to guide market actors toward better behavior and are using the stick of enforcement actions to discourage fraud in ICOs and other cryptocurrency-related offerings.

 The US Commodity Futures Trading Commission (CFTC) recently issued guidance for the listing of virtual currency derivative products to registered exchanges and clearinghouses in Staff Advisory No.


SEC Names Valerie A. Szczepanik To Coordinate ICO and Crypto Efforts

Job Appointments | June 5, 2018 By:

The Securities and Exchange Commission today announced that Valerie A. Szczepanik has been named associate director of the Division of Corporation Finance and senior advisor for Digital Assets and Innovation for division director Bill Hinman.

In this new advisory position, Szczepanik will coordinate efforts across all SEC Divisions and Offices regarding the application of U.S.


SEC Halts Alleged Fraud ICO From Titanium Blockchain That Has Already Raised $21 Million

Crime, ICO News, Investing, News | May 29, 2018 By:

The Securities and Exchange Commission today announced it has obtained a court order halting an ongoing fraud involving an initial coin offering (ICO) that raised as much as $21 million from investors in and outside the U.S.  The court also approved an emergency asset freeze and the appointment of a receiver for Titanium Blockchain Infrastructure Services Inc.,  Read more  »