Bitcoin Fraudsters Misled Investors and Impersonated Regulators, CFTC Alleges

CFTC, the US Commodity Futures Trading Commission has charged two defendants with multiple criminal offences for attempting to steal bitcoins from their customers. Charges Filed for Bitcoin Fraud The US regulator earlier on Friday charged two defendants with fraudulent solicitation and other crimes. The two defendants have been identified as one using the name Morgan […]

First Pound-backed Stable Coin Announced by UK Start-up

London Blockchain Exchange (LBX), a UK based blockchain start-up, has announced plans to launch a cryptocurrency pegged to the Pound. LBXPeg, the First Pound Backed Coin LBX, a London based blockchain start-up, which currently offers over the counter (OTC) trading services, has announced plans to launch a UK Pound Sterling supported, stable coin dubbed as […]

LINE Launches Japan-only Cryptocurrency and Five New dApps

LINE Corporation has announced the launch of a Japan-only cryptocurrency, as well as five new decentralized applications (dApps). The Japanese online messaging giant says these new additions are part of its efforts to build a robust global token economy. LINE Adds Link Point Cryptocurrency to its Token Economy The company announced the launch of the […]

China’s Bank Of Communications Issued $1.3 Billion Securities With Blockchain Technology

In yet another definitive affirmation of the merit behind distributed-ledger technologies (DLT), China’s Bank of Communications (BoCom), has issued $1.3 billion of residential mortgage-backed securities using its proprietary blockchain-based network. Market’s First The issuance of $1.3 billion residential mortgage-backed securities (RMBS) was carried out by the state-owned commercial bank BoCom and it was handled through […]

Tiberius – A Metal Backed Coin Offering

Swiss commodity investor and manager, Tiberius is entering the cryptocurrency market by launching a token that will be backed by commodities – seven metals, to be exact. The main sale of the coin will start on October 1st. Metal Backed Coin Tiberius Technology Ventures AG, a subsidiary of the Tiberius group of Switzerland is launching […]

Chinese Court: ETH Is Not a Currency but a General Property

Despite the country’s nationwide ban on cryptocurrencies, a District Court in Shanghai has ruled that Ether (ETH) should be treated as general property and falls within the protection of the law.  A Case Going Back and Forth The Shanghai Hongkou District People’s Court was seized with a case involving a transaction of 20 ETH across […]