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ErisX provides CFTC with comments on Ethereum technology
18 February, 2019 11:46

ErisX provides CFTC with comments on Ethereum technology

A digital assets exchange from Chicago – ErisX – submitted a letter of comment to the Commodity Futures Trading Commission (CFTC) as the response to the  CFTC the request on the Ethereum technology information. ErisX stated that insufficient legal clarity sometimes restrains opportunities of the new companies (especially regulated market player) to enter the crypto segment. In this situation, the market is facing more and more unregulated or poorly regulated exchanges and brokers, with the major part holding offshore registration.

US SEC to decide on bitcoin-ETF Bitwise-NYSE Arca within 45 days
18 February, 2019 11:09

US SEC to decide on bitcoin-ETF Bitwise-NYSE Arca within 45 days

Last Friday, the US Securities and Exchange Commission reportedly launched the consideration process for the rule change application filed by the Bitwise Asset Management in tandem with NYSE Arca exchange. The regulator has started the consideration of the request registering the application in the Federal Register.  Under the effective legislation, the authority will have to make a decision on the rule change request from the above-mentioned companies within a 45-day period beginning from February 15, the date of adding it to the Federal Register.

Blockchain law comes into force in Luxembourg
15 February, 2019 18:01

Blockchain law comes into force in Luxembourg

The government of Luxembourg has passed a new crypto law. Bill 7363 was designed to facilitate using the blockchain in the financial segment and, pursuant to the official publication, the Chamber of Deputies of the Grand Duchy of Luxembourg signed it. The law was adopted by the parliament almost unanimously.

Canadian court: issue of QuadrigaCX customers representation rescheduled by judge
15 February, 2019 17:11

Canadian court: issue of QuadrigaCX customers representation rescheduled by judge

The Canadian court has reportedly rescheduled a determination on the case regarding the QuadrigaCX customers' legal representation. At the recent hearing, the Judge at the Nova Scotia Supreme Court Michale Wood stated that he decided to take about a week to consider the case of representative counsel appointment in the QuadrigaCX case. 

Fairfax County discloses details about investments in Morgan Creek crypto fund
15 February, 2019 14:07

Fairfax County discloses details about investments in Morgan Creek crypto fund

Fairfax County Retirement Systems from Virginia has unveiled some details about the investments made by two local public pension funds in the new Morgan Creek's $40 million fund that is designed to deal with the blockchain and cryptocurrencies. The investments came from Employees’ Retirement System and Police Officer’s Retirement Systems reaching $10 million and $11 million (0.3% and 0.8% of their available assets) respectively. 

Canada-based Coinsquare exchange becomes new owner of StellarX platform
15 February, 2019 13:38

Canada-based Coinsquare exchange becomes new owner of StellarX platform

The major Canadian crypto trading platform Coinsquare has announced an acquisition of the decentralized exchange StellarX, following the previous purchase of the wallet BlockEQ. The background for the purchases is believed to be prepared back last December, when the company acquired Stellar-based wallet, as the company press release reads. Coinsquare noted that the current deal is obviously good development after the last-year purchase. BlockEQ wallet is said to be reworked to become the main feature of the DEX platform.

US Court eventually issues temporary ban on Blockvest business for sales of unregistered token
15 February, 2019 11:41

US Court eventually issues temporary ban on Blockvest business for sales of unregistered token

On February 14, US District Court for the Southern District of California issued a temporary ban on Blockvest LLC operations charging fraud connected with a securities offering. As a result, the court actually revised its previous decision made in late 2018. The court prohibited the defendants to perform any activities involving the fraudulent offering or sale of securities, violating federal securities laws. 

Poloniex becomes second exchange to add Grin
15 February, 2019 10:50

Poloniex becomes second exchange to add Grin

Poloniex trading platform has reportedly added Grin coin that is said to be designed to boost privacy of the users. The platform will offer trading of BTC and USDC to Grin. As the company explained, they see the Grin project as "unique" with no ICO being held. One of the main features is that the coin is highly anonymous, while "new tokens are released only via PoW mining rewards". Moreover, it is even unclear where its developers are located. The deposit/withdrawal services will be launched in the near term.

JPMorgan announces own crypto coin
14 February, 2019 18:01

JPMorgan announces own crypto coin

American investment bank JPMorgan is reportedly gearing up for trials of its own crypto called JPM Coin that will last for several coming months. JPM Coin is expected to be used for minor settlements among customers of the company's payment system. JPMorgan's daily turnover is above $6 trillion, as the available data shows. there is a great potential for application of the blockchain in the long run. However, Farouk added that the technology requires now the way to secure payments as fast as smart contracts offer.

Coinmotion adds XRP but doubts its crypto nature
14 February, 2019 16:41

Coinmotion adds XRP but doubts its crypto nature

Finnish cryptocurrency exchange Coinmotion announced adding of XRP to the platform's listing. Moreover, the company also expressed an opinion that XRP hardly looks like crypto at all. The decision to list XRP on the exchange was based on the requests that came from the users. The company representative Pessi Peura mentioned not only XRP’s advantages but also he expresses certain amoung of critics regarding the cryptocurrency. The crypto is developed by only one company, which entails certain risks that other cryptos do not have.

Investors reportedly summon Elastos Foundation, Huobi and HBUS to court
14 February, 2019 15:43

Investors reportedly summon Elastos Foundation, Huobi and HBUS to court

A group of US investors under Mark Owen lodged a claim against Elastos Foundation, Huobi and its US division HBUS citing violations of Section 5 of the Securities Act 1933 which requires registration of the securities with the US Securities and Exchange Commission. The plaintiffs insist that the defendants ignored effective US regulation and failed to register the ELA tokens with the SEC. Elastos Founder Rong Chen said he is going to challenge the charges, declaring that plaintiffs’ action is groundless. 

China reports higher exports in dollar terms, but imports still negative
14 February, 2019 14:34

China reports higher exports in dollar terms, but imports still negative

China recorded a jump in imports and exports supplies in January expecting the Lunar New Year and further progress in trade take with Washington. The available data released by China's General Administration of Customs show that exports from China soar by 9.1% over the period under review. At the same time, the volumes dropped by 4.4% last December. As for the imports, shipments decreased at slower pace reaching 1.5% compared to 7.6% decline a month before. As the statistics shows, exports to the USA dropped by 2.4% to $36.54 billion over the period under review, whereas imports from the US plunged by 41.2% to $9.24 billion.