Day: December 9, 2018

The SEC fines a Dela​ware​-based crypto Investment fund $50,000

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A meeting by the United States with the Securities and Exchange Commission (SEC) has seen the commission issue a cease and desist order on a few crypto assets among which is a penalty of more than $50,000 to a Delaware-based crypto asset funds firm, that goes by the name CoinAlpha Advisors LLC. The SEC, which is currently looking to provide securities law for the crypto sector has charged CoinAlpha Advisors for offering unregistered securities. It is said the accused company has violatted the SEC laws by offering securities through interstate…

The SEC gives a $50,000 fine to dela​ware​-based crypto Investment fund

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There was a meeting in the United States Securities and Exchange Commission (SEC) that issued a cease and desist order on some cryptos. Giving a penalty of $50,000 against Delaware-based crypto asset funds firm, that goes by the name CoinAlpha Advisors LLC. The SEC has provided securities law for the crypto SEC and has charged the CoinAlpha Advisors to be able to act in a way that unregistered security will be achievable. It is said that the highlights that the company has now in question have highlighted the accused company…

Report: South Korea leading the crypto and blockchain adoption race

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For South Korea, crypto and blockchain adoption has been among the top items on its to-do list. With a population of approximately 50 million people, South Korea is among countries that lead in crypto & blockchain adoption and it is still well on the way of sustaining the lead. Recently, Cindicator, a platform that combines market analysis and machine learning for financial analytics, published a report ‘Korean Market Analysis’ confirming the leading role that South Korea has occupied in terms of crypto and blockchain adoption and use cases. The analytics…

Report: South Korea leading the crypto & blockchain adoption race

boss

For South Korea, crypto & blockchain adoption has been among the top items on its to-do list. With a population of approximately 50 million people, South Korea is among countries that lead in crypto & blockchain adoption and it is still well on the way of sustaining the lead. Recently, Cindicator, a platform that combines market analysis and machine learning for financial analytics, published a report ‘Korean Market Analysis’ confirming the leading role that South Korea has occupied in terms of crypto & blockchain use cases. The analytics platform took…

IBM Partners with Abu Dhabi National Oil Company for Blockchain Supply Chain System

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The Abu Dhabi National Oil Company (ADNOC) has successfully collaborated with IBM to pilot a blockchain supply chain system, according to an ADNOC press release published on Dec. 9. The release notes that ADNOC — a state-owned oil company in the United Arab Emirates (UAE) — is reportedly among the world’s leading energy and petrochemical groups, with a daily output of about 3 million barrels of oil and 10.5 cubic feet of natural gas. The pilot project has “provided a single platform that tracks the quantities and financial values of…

Crypto Week In Review: SEC Delays Bitcoin ETF Ruling, Coinbase Lists Four Altcoins

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In a bear market-induced sense of panic, the crypto market at large has stopped responding to industry developments altogether, with the news of the past week coming in one ear, and out the other. Regardless, startups still seem hell-bent on bolstering this industry’s infrastructure. And, frankly, this unrelenting drive for innovation doesn’t come unwarranted. As once stated by Spencer Bogart of Blockchain Capital, the news of today will become “important building blocks” and the “kindling” for the next cryptocurrency bonfire. SEC Delays Bitcoin ETF Ruling To February 2019 Since Bitcoin’s earliest…

Elevate Health Says People Can Live Longer With Blockchain Rewards

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Elevate Health Says People Can Live Longer With Blockchain Rewards December 9, 2018 by Jon Southurst Should health insurance agencies offer incentives for “good behavior?” How would they monitor this? Bitsonline spoke to Simon Lewis of Elevate Health about “lifestyle illnesses,” how they’re a huge drain on national healthcare systems and the insurance industry — and how his company could help people save money (and their lives) by avoiding them. Also see: Despite Evidence to the Contrary, Joseph Lubin Claims Ethereum Adoption Growing Subscribe to the Bitsonline YouTube channel for great videos featuring…

South Korean Startup Presto to File Constitutional Appeal Against Local ICO Ban

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A South Korean blockchain startup, Presto, will reportedly file a constitutional appeal over the county’s ban on Initial Coin Offerings (ICOs), South Korean economic media outlet Sedaily reports Dec. 6. Presto claims on its website that it provides a “total solution to development teams from website building to token issuing.” The startup was reportedly trying to run a Decentralized Autonomous Organization-based Initial Coin Offering (DAICO) in South Korea for the first time. As Cointelegraph explained in a dedicated guide, DAICOs aim to improve the ICO fundraising method by integrating some…

Abu Dhabi National Oil Company announced its collaboration with IBM on a Blockchain system for the oil and gas production value chain

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The Abu Dhabi National Oil Company, ADNOC, has announced its successful collaboration with IBM, piloting a Blockchain-based automated system to integrate oil and gas production across the full value chain. The groundbreaking system provides a secure platform for the tracking, validating and execution of transactions at every stage, from production well to the end customer. According to ADNOC, using Blockchain technology will reduce the time it takes to execute transactions between ADNOC’s operating companies and significantly increase operational efficiencies across its full value chain. It will also improve the reliability…

The Sordid Tale of Woe Behind the WEX Exchange

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The Sordid Tale of Woe Behind the WEX Exchange December 9, 2018 by Jeff Fawkes The WEX cryptocurrency exchange has suspended withdrawals since July 2018. The exchange continues to operate and offer unbelievably high prices to attract new customers. Getting funds out is where the problems begin. Also read: New Dawn: Treasury Dept. Levies Bitcoin Address Sanctions Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts WEX: Why Entrust X-Changes With Your Money? Currently, withdrawals from WEX are only available in Zcash with a staggering 75 percent fee.…