View: 411
Want create site? Find Free WordPress Themes and plugins.

on 15th March, Bloomberg BNA reported that Stephanie Avakian (Enforcement Division Co-Director) of US SEC (Securities and Exchange Commission) has confirmed that “dozens” of investigations have been conducted by the agency in the cryptocurrency space.

Press Report

It was reported in February that subpoenas have been sent by SEC to companies, that are suspected of having trouble with the security laws through their contribution in the ICOs (Initial Coin Offerings). The comment of Avakain follows these press reports as she said;

“We are very active, and I would just expect to see more and more.”

Statement Released by Securities and Exchanges Commission (SEC)

A statement was released by SEC on 7th March, prompting cryptocurrency trading platforms that they are under the control of the SEC as it monitors them and as an outcome, it must register as exchanges. It’s already clear that SEC holds the main responsibility for proposing securities rules, enforcing federal securities laws, regulating the securities industry, and other actions, which includes the electronic securities markets. SEC supervision ended up as three different companies were suspended from trading due to queries related to the cryptocurrency.

What has SEC done against the crypto-related companies?

Over the past few years, the SEC has taken more steps against cryptocurrency companies that it was seeing as flaunting securities laws. Bloomberg also reported that since September 2017, many actions have been taken by the commission against companies.

On 14th March, Mike Lempres (Chief Legal and Risk Officer at Coinbase) has highlighted in a testimony (before Congress) that the major financial regulatory organizations haven’t agreed on the nature of cryptocurrency. In the US, the regulatory framework for cryptocurrencies still remains unclear.

For SEC, it is a security, while the CFTC (Commodity Futures Trading Commission) deliberates tokens as a commodity. If we talk about the IRS (Internal Revenue Service), it considers tokens to be property, while tokens are considered as currency for FinCEN (Financial Crimes Enforcement Network).

Did you find apk for android? You can find new Free Android Games and apps.

3 thoughts on “SEC Official: ‘Dozens’ of Crypto Investigations Are In progress

  1. Hey there would you mind sharing which blog platform you’re working with?

    I’m planning to start my own blog soon but I’m having a difficult time deciding between BlogEngine/Wordpress/B2evolution and
    Drupal. The reason I ask is because your design and style seems different
    then most blogs and I’m looking for something unique.
    P.S My apologies for being off-topic but I had to ask!

  2. I am really inspired with your writing abilities as well as with the
    structure for your blog. Is that this a paid subject
    matter or did you customize it yourself? Anyway keep up the
    excellent quality writing, it’s uncommon to look a nice weblog like this
    one these days..

  3. If you are going for best contents like myself, simply pay a
    quick visit this web site everyday because it provides quality contents, thanks

Leave a Reply

Type Comments Here

Your email address will not be published.

Share Your Toughts

View: 375
View: 390

Buy Apartments in Turkey Using Bitcoin

Want create site? Find Free WordPress Themes and plugins.

If you’re looking for a new luxury apartment, you might be surprised to know that now you can actually purchase one with bitcoins.

Recently, Dubai had announced an apartment project where Bitcoin owners can purchase these chic apartments.

Well, Turkey isn’t far behind as the owner of the MiaVita Beytepe project in Ankara, Turkey just announced that their very own luxury apartments are available for purchase using the digital currency.

Erdal Daldaban, the project manager firm owner, had enthusiastically said:

“We decided to make sales via Bitcoin, which has recently attracted the attention of Turkish investors with its recent value route, considering that we could also attract the attention of our customers who appreciate their investments like this.”

Why Bitcoin?

Daldaban says this is the reasonable next step:

“Bitcoin and digital money has become an element that can no longer be ignored by the global economy.”

This is mainly because of its current value in the market and the increase in its adoption around the world.

During last week, a home in Austin, Texas was bought using bitcoin news and a house in London was put up for sale on a minimum price of 500 bitcoins.

 

News Credits: steemit.com

Image Credits: fox40

Tags: Bitcoin Turkey, Bitcoin trading

Did you find apk for android? You can find new Free Android Games and apps.
View: 380
View: 371

A Violent Shock For JPMorgan Chase As the Lead Quits

Want create site? Find Free WordPress Themes and plugins.

JPMorgan Chase & Co is a well known financial services company which operates around the globe. Along with blockchain projects its financial operations include:

  • Corporate & Investment Bank,
  • Consumer & Community Banking,
  • Asset & Wealth Management,
  • Commercial Banking.

Founded in 1799, JPMorgan Chase & Co. has its headquartered in New York and is thought to be one of the most dependable financial services company. All was going on very well for the company until Amber Baldet, an executive leader of JPMorgan’s blockchain, decided to quit the company in order to head for her own new Blockchain initiative.

Who In Fact Is Amber Baldet?

Amber Baldet was one of the main executive leaders of JPMorgan’s blockchain business. She was head of the development of JPMorgan’s authorized Blockchain platform. She had been acting as the lead for project development of Quorum as well as working on the firm’s overall Blockchain technologies strategy. In true words she was the architect of JPMorgan’s blockchain startups, securing a critical position at JPMorgan’s Blockchain Center of Excellence. She has done so in order to launch her own blockchain firm. Quorum is JPMorgan’s Blockchain and smart contracts platform.

 

Amber Baldet was nominated as one of the most influential people in the history of Blockchain by BlockDesk in 2017. She was heading the JPMorgan’s Blockchain Center of Excellence since it was founded in 2015. She was considered to be the most precious assets of JP Morgan in terms of blockchain endeavours.

Who Will Take Over Amber Baldet’s Position?

It took a very short time for JPMorgan’s executive committee to name Baldet’s successor. Christine Moy has been appointed as the new executive leader in place of Amber Baldet. She was the senior product manager working under the supervision of Amber Baldet and by chance was also appointed by her. In fact she had been working with Amber Baldet since the very beginning of the blockchain project. Later on the company admitted in a statement that Amber Baldet was no doubt extremely committed and helpful for JPMorgan to build an outstanding team. Christine Moy  was one of the team members who was groomed and trained by Amber Baldet herself.

 

Baldet’s departure from the company was after all on good terms, as was exclaimed by JPMorgan spokesperson in an interview with Reuters, he stated that the company had a respect and best wishes for her as well as her desire to start her new venture.

 

As far as the case of smart contract platform Quorum is concerned JPMorgan considers it to be the “enterprise-focused version of Ethereum.” It is basically meant for the clearing of interbank payments with the help of blockchain.

Did you find apk for android? You can find new Free Android Games and apps.
View: 381

Ethereum Hits a New All-time High While Bitcoin Market Share Slips to Below 50 Percent

Want create site? Find Free WordPress Themes and plugins.

Ethereum’s price made the headlines on Tuesday as news of it hitting a new all-time high circulated the web. On the other hand, Bitcoin’s market share dropped below 50 percent for the first time in over a month.

From $19,130 on Monday to $18,191 on Tuesday morning, bitcoin’s price declined by nearly $1000. A 5 percent decline was observed within 24 hours which reduced bitcoin’s market cap to $304.7 billion. While the reason is still unsure, it is observed that the global average bitcoin price has hit $20,000 in several instances unlike the BTC/USD in major exchanges such as Bitfinex and Bitstamp.

Ethereum Takes the Crypto-Verse by A Storm:

As for Ethereum, it had been hovering around $300 for quite some time while Bitcoin was surging. But, the cryptocurrency took December by a storm and ripped the charts by surpassing $800, first touching at $882 then finally settling at $824. Showing a 24-hour gain of 12 percent, with a market cap of $79.5 billion.

Bitcoin Cash Following Closely Behind at $2,500:

Ethereum was not the only altcoin to shine at bitcoin’s fall-out, bitcoin cash price showed an impressive rally of 21 percent. Enabling the altcoin market to rise by $25 million and making their combined valuation to touchdown at $300 billion for the very first time.

By Tuesday morning, bitcoin cash’s price had settled down to $2292 and a $38.7 billion market cap.

In addition, Ripple and Litecoin were also one of the lucky altcoins to benefit from bitcoin’s expense by experiencing an increase of four percent and seven percent respectively. Ripple’s market share now lying at $30.5 billion and Litecoin’s at $18.7 billion.

Surprisingly, besides Bitcoin, the rest of these altcoins had experienced a great rally on Tuesday. While none of them have actually been successful enough to throw off the biggest cryptocurrency, they’re set out to be great competitors.

Did you find apk for android? You can find new Free Android Games and apps.