• SEC
    Alt coins,  United States

    Outraged Kik blasts SEC lawsuit

    Kik Interactive responded angrily yesterday to a lawsuit by the U.S. Securities and Exchange Commission alleging its $100 million initial coin offering of the Kin cryptocurrency was illegal. The case is the SEC’s highest-profile action to date claiming that an ICO violated the law by selling an unregistered security to the public.

  • Daniel Gorfine, chief innovation officer of the Commodities Futures Exchange Commission and director of LabCFTC (photo by Lawrence Lewitinn for Modern Consensus).
    United States

    Blockchain champion Daniel Gorfine to leave CFTC

    Creator of LabCFTC to go back to the private sector

    The Commodity Futures Trading Commission (CFTC) is losing one of its top blockchain-friendly officials to the private sector. Daniel Gorfine, the agency's first chief innovation office and the director in charge of LabCFTC, is quitting the agency in two weeks to go back to the private sector. There is no word yet where he is going.

  • LedgerX CEO Paul Chou could learn a thing or two from George Carlin (via LedgerX).
    United States

    LedgerX spokesperson quits after CEO’s profanity-laced tirade against federal regulators

    RGPR’s Ryan Gormley dropped LedgerX after Paul Chou lashed out at the CFTC on Twitter

    An hour after Chou accused the Commodity Futures Trading Commission (CFTC) regulator of acting in bad faith and being in the pocket of one of the largest companies it oversees, RGPR agency founder Ryan Gormley took to twitter with a message of his own.

  • money laundering
    Cryptocurrencies,  Europe,  United States

    US sues BTC-e exchange owner Alexander Vinnik for $100 million

    The FinCEN lawsuit comes in addition to criminal charges alleging money laundering for drugs and cryptocurrency exchange hackers

    Alleging violations of the Bank Secrecy Act, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) filed a civil suit against BTC-e founder Alexander Vinnik on July 25, seeking to recover more than $88 million in customer funds from the exchange and $12 million in from Vinnik personally.