• United States

    Seed CX exchange wins New York BitLicense

    The digital asset exchange focuses on institutional investors, not the retail clients fueling the current cryptocurrency boom

    SeedCX, a cryptocurrency exchange for large institutional investors, announced on July 15 that it has received a pair of virtual currency BitLicenses from the New York Department of Financial Services.

  • President Donald Trump and Rep. Maxine Waters (D-CA) agree on their dislike of the Facebook-backed Libra cryptocurrency (Photo composite from images by Gage Skidmore of Peoria, AZ, and the U.S. Congress)
    Bitcoin,  Libra,  United States

    President Trump slams Bitcoin, piles on Facebook’s Libra

    Donald Trump and Rep. Maxine Waters actually agree on something: Facebook’s cryptocurrency is a bad idea

    Facebook is so powerful it can even make President Donald Trump agree with Rep. Maxine Waters, the liberal House Democrat from California’s 43rd district, near Los Angeles.

  • SEC
    Ethereum,  United States

    SEC doubles down, approving a second blockchain token offering in less than 24 hours

    Instead of selling its Props Tokens, streaming video platform YouNow will use the cryptocurrency to reward users and creators

    The U.S. Securities and Exchange Commission approved a second blockchain company’s request to sell its tokens to the public on July 11, a day after breaking ground by greenlighting its first public cryptocurrency sale.

  • This image came up when we searched "SEC" and "crypto" so we're going with it (via Shutterstock).
    United States

    SEC finally approves cryptocurrency offering, green-lighting Blockstack token offering

    The distributed web platform developer can sell up to $50 million worth of tokens to the public

    The U.S. Securities and Exchange Commission has finally given a blockchain company the O.K. to sell tokens directly to investors—sort of. The SEC on Wednesday approved blockchain startup Blockstack’s application to raise money  via a token offering, the first time it has allowed this type of fundraising in the cryptocurrency industry, according to the Wall Street Journal. The SEC has sued and fined several companies for initial coin offerings (ICO) that the agency said violated securities law. The action “is a massive step towards the much-needed clarity for the US crypto space,” according to social trading platform eToro’s senior market analyst, Mati Greenspan. “This could be considered the first regulated…