Telegram Refutes All SEC Allegations, Asks Court to Dismiss in New Filing

Messaging app firm Telegram has made a new plea to a U.S. court to drop an action brought by the Securities and Exchange Commission (SEC) alleging its yet-to-be launched token is a security. In a filing to the district court of the Southern District of New York on Tuesday, Telegram broke down and refuted all […]

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UK Advertising Watchdog Upholds Complaints Against BitMEX Bitcoin Promotion

The U.K. Advertising Standards Authority (ASA) has upheld complaints over a bitcoin ad placed by crypto derivatives exchange BitMEX (HDR Global Trading). The advertising regulator published its decision on Wednesday, saying that it supported the four complaints against the ad that had claimed it “failed to illustrate the risk of the investment,” “exaggerated the return […]

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Derivatives Drama: The Unintended Consequences of Crypto Regulation

Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a free weekly newsletter for institutional investors interested in crypto assets. Sign up here. Last week’s kerfuffle over the launch-that-wasn’t of LedgerX’s physically delivered futures […]

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SEC’s Crypto Savvy Surprises Blockchain Insiders at D.C. Forum

It was billed as an opportunity for the Securities and Exchange Commission to learn more about cryptocurrency. But what was striking about Friday’s forum was how much the agency’s staff already knew. From questions about atomic swaps to comments about airdrops and forks, the SEC’s FinTech Forum, held at its headquarters in Washington, D.C., demonstrated […]

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Coinbase’s Political Action Committee Shuts Down Without Ever Raising a Cent

Coinbase is moving to shut down its political action committee (PAC) without ever raising a cent. The San Francisco-based crypto exchange filed a Termination Report for its PAC on April 3, 2019, according to publicly available documents on the Federal Election Commission’s website (FEC). The move means that the exchange wants to shut down its PAC, […]

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The Hidden Effects of Crypto Money Laundering Rules

Noelle Acheson is a veteran of company analysis and a member of CoinDesk’s product team. The following article originally appeared in Institutional Crypto by CoinDesk, a free newsletter for the institutional market with news and views on crypto infrastructure delivered every Tuesday. Sign up at the link below.  Ever since Emperor Vespasian held up a […]

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China’s New Policy Isn’t An Automatic Bitcoin Mining Ban – Here’s Why

The Takeaway: A draft proposal from China’s economic planning commission labels bitcoin mining as an industry that needs to be “eliminated.” But even if finalized in its current form, this would not automatically amount to an outright mining ban. While local governments are supposed to follow the commission’s guidance, to take action against an industry […]

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QuadrigaCX Crypto Exchange Could Soon Be Placed in Bankruptcy

Ernst and Young (EY), the court-appointed monitor for collapsed Canadian crypto exchange QuadrigaCX, has proposed transitioning the company from a restructuring process to bankruptcy proceedings. In a new report posted Tuesday, EY said that the exchange’s creditors “will benefit” from converting its current restructuring process under the Companies’ Creditors Arrangement Act (CCAA) to a new […]

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Will Fiat-Backed Stablecoins Pass Legal Muster With the SEC and CFTC?

Benjamin Sauter and Jake Chervinsky of Kobre & Kim LLP are litigators and government enforcement defense attorneys who specialize in disputes and investigations related to digital assets. This article is not intended to provide legal advice. –––––––––– As we enter the second year of this so-called “crypto winter,” the stablecoin market is hotter than ever. […]

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