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SEC Charges Token Sale Platform For Illegal $14M Securities Offering

The United States Securities and Exchange Commission (SEC) has sued ICOBox and its founder Nikolay Evdokimov for conducting an illegal securities offering and for acting as unregistered brokers. SEC says ICOBox’s digital tokens are worthless In a press release on Sept. 18, the SEC claimed that ICOBox and Evdokimov sold the firm’s ICO […]

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Two Arrested for ‘Old-Fashioned Shakedown’ of Cryptocurrency Startup

Authorities in the United States have arrested two individuals who allegedly threatened to destroy a startup crypto company if they were not paid millions of dollars in cryptocurrency. Extortion of crypto startup On Sept. 18, the U.S. Attorney’s Office for the Eastern District of New York, together with the FBI, announced the arrest […]

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Binance Makes First Chinese Investment Since Leaving Country in 2017

Crypto exchange giant Binance has made its first strategic Chinese investment after leaving China amid the local crypto trading ban back in 2017. Founded in China in 2017, Binance has participated in a $200 million funding round of Beijing-based Mars Finance, a local crypto and blockchain publication, Bloomberg reported on Sept. 17. Binance […]

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AssetBlock Tokenizes $60M of Real Estate on Algorand’s Blockchain

Blockchain real estate investment firm AssetBlock launches its commercial real estate investment platform on Algorand’s (ALGO) blockchain. According to an AssetBlock press release published on Sept. 17, the firm partnered with luxury hotel asset manager Lodging Capital Partners (LCP) to tokenize $60 million of exclusive hotel properties on Algorand. Opening real estate investment […]

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Stanford Grads’ Crypto Network Hits Half a Million Users in 6 Months

A smartphone-focused cryptocurrency network created by a group of Stanford graduates has amassed over half a million users. The Stanford Daily reported on Sept. 16 that the project — dubbed the Pi Network — has consolidated its user base in under six months since its launch in March of this year. “Social security […]

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Bitcoin Not Accepted: Burger King’s Crypto Foray Short-Lived

The German branch of Burger King has begun accepting Bitcoin (BTC) on its website and mobile app, as reported by Cointelegraph on Sept. 3. But has the initiative increased consumer demand for the company’s fast food, and is it really possible to buy the popular Whopper burger with Bitcoin? What difficulties has the restaurant faced in its […]

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Bitcoin Is the Fraud? JPMorgan Metals Desk Fixed Gold Prices for Years

The United States’ largest bank faced fresh ridicule from Bitcoin (BTC) circles this week after prosecutors said traders had conducted more market fraud. As Bloomberg reported on Sept. 16, JPMorgan Chase is facing an inquiry over the behavior of at least a dozen precious metals traders.  JPMorgan performed “thousands” of illegal moves […]

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20% of Affluent UK Millennials Have Invested in Bitcoin: New Survey

London-based law firm Michelmores LLP has surveyed affluent millennials in the United Kingdom and discovered that 20% have invested in Bitcoin (BTC) and other cryptocurrencies.  The survey, reported by FXStreet on Sept. 17, revealed that among those born between 1981 and 1996 with investable assets of £25,000 ($31,000) or more, 20% had invested in […]

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Hedera Hashgraph Launches Mainnet Open Beta and Token Distribution

Enterprise-grade distributed ledger platform Hedera Hashgraph announced the launch of the public Open Access (OA) to its mainnet beta. According to Hedera’s blog post published on Sept. 16, during the OA period, anyone from the general public can create an account while developers can start building decentralized applications, also known as DApps, on the […]

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