Bitcoin Cash Jumps 10% after Binance, Bitcoin.com Reveal Fork Plans

Twitter Facebook LinkedIn The bitcoin cash price awoke from its slump on Friday, mounting a double-digit percentage rally during the early evening hours after two major cryptocurrency firms revealed their plans for the BCH hard fork that is scheduled to take place in less than two weeks. Bitcoin Cash Posts Double-Digit Rally Like most of the large-cap crypto market, bitcoin cash had been in recent weeks been uncharacteristically stable, and the fourth-largest cryptocurrency spent most of Friday morning trading near $425. Shortly after 12:45 UTC, however, the bitcoin cash price…

SEC’s End-of-Fiscal-Year Report Reveals Heavy Action Against …

The U.S. Securities and Exchange Commission (SEC) has released a report detailing actions taken against fraudulent ICOs and financial ventures, and, indeed, the year has been wrought with cases. The report details actions for 2018’s fiscal year, which ended on September 30, and offers insight into the ICO-related fraud that has seemingly come to light over the past several months. Misconduct actions against ICOs and similar cryptocurrency ventures are led by the organization’s Cyber Unit, which became fully operational this year. The SEC explains in the report, “We believe our…

Winklevoss Twins Lawsuit | Gemini Founders Sue Charlie Shrem

The Winklevoss twins have filed a lawsuit against infamous BitInstant founder Charlie Shrem. They claim the Bitcoin investor stole 5,000 Bitcoins from them in 2012. Winklevoss Twins Lawsuit According to the New York Times, Shrem made several lavish purchases in 2018 that caught the attention of the Winklevoss twins. They filed a civil suit against him, convinced that Shrem made these purchases—which include a $2 million house and luxury cars—using the Bitcoins he had stolen from them in 2012. Shrem Worked for the Winklevoss Twins Before Lawsuit The twins hired…

Bitcoin Price Intraday Analysis: BTC/USD Holds Support

Twitter Facebook LinkedIn Bitcoin on Friday witnessed as much as 1.3 percent gains against the US Dollar from the pair’s previous low at 6293-fiat. BTC/USD is in a minor pullback scenario ever since and is trading at 6364-fiat at the time of this writing. In contrast to the Asian session, the European hours today witnessed lower volume. It pushed the pair into a narrow trading range altogether, leaving little-to-no room for day traders to find intraday opportunities. The US Dollar Index (DXY), on the other hand, came under some selling…

Winklevoss Twins Sue Charlie Shrem For Allegedly Stealing 5,000 Bitcoin

The Winklevoss twins have filed a lawsuit against bitcoin investor Charlie Shrem, alleging that Shrem “stole” 5,000 bitcoins from them in 2012. According to a recent report released by the New York Times, Charlie Shrem has made several large purchases over the past year, including multiple real estate properties, luxury cars, powerboats and a $2 million house. Cameron and Tyler Winklevoss have since filed a civil suit against Shrem, alleging that these recent purchases were made using bitcoins Shrem stole from the pair in 2012. When Shrem was arrested in…

Israeli Startups Raised $600 Million Through ICOs in 2018: Report

Israeli startups have brought in more than $600 million in funding from initial coin offerings (ICOs) in the first three quarters of 2018, according to an industry report. Crypto analytics and research firm One Alpha surveyed ICOs and blockchain projects globally, from the past year, aiming to provide an overview on the status of the blockchain and ICO ecosystem, with a particular focus on Israel. One Alpha’s survey counted 140 active blockchain-related companies in Israel, which, when combined with other forms of investment, have received $1.3 billion worth of investments.…

Cboe’s Head of Equity Options Just Joined a Blockchain Startup

Blockchain startup AlphaPoint has hired a senior executive from Cboe Global Markets, the parent of the Chicago Board of Exchange. Revealed exclusively to CoinDesk, Kapil Rathi joined AlphaPoint as global head of trading markets,  a newly created position, and will be in charge of the company’s trading and exchange business. He was previously Cboe’s head of equity options, and earlier worked at the New York Stock Exchange, ISE (now a part of Nasdaq) and Bats Global Markets, which Cboe acquired in 2017. Rathi told CoinDesk that he has been watching AlphaPoint…

Hong Kong Exchange Prepares for Blockchain Trading Platform

Twitter Facebook LinkedIn Hong Kong Exchange and Clearing Limited (HKEX) has joined forces with Digital Asset to develop a blockchain platform for post-trade allocation and processing of trades. This alliance was created under the Stock Connect programme with China, based on a FinExtra report. HKEX had been working on a prototype system for Stock Connect using Digital Asset’s platform and smart contract modeling, as it attempts to speed up the post-trade process and reduce settlement risks among traders. This plan was made known by HKEX CEO Charles Li at a…

The Incoming Wave of ICO Regulation (Yes, It’s Coming)

Alex Sunnarborg is a Founder of Tetras Capital. Previously, he was a research analyst at CoinDesk and a founder of the crypto investing app Lawnmower. As you may know, securities classification analysis in the U.S. today primarily revolves around the Securities Act of 1933 and the SEC v. W.J. Howey Co. Supreme Court case of 1946. The Securities Act of 1933 was established to require issuers to disclose certain pieces of information to potential investors prior to any public securities offering. This law was enacted to reduce misrepresentation by issuers and to help…