Day: December 13, 2018

Ethereum (ETH) Futures Rumors Mount, As CBOE’s Bitcoin Foray Turns One

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CBOE’s Bitcoin Foray Turns One As noted by Tom Hearden, a senior trader at Skylands Capital, subsequently relayed through MarketWatch, one year and one day ago, the Chicago Board Options Exchange (CBOE Global Markets) made history, becoming one of the first financial institutions to launch a fully-fledged Bitcoin (BTC) product. Now that crypto is in the midst of a bear market, might as well look back and reminisce… right? Tuesday will mark the 1 year anniversary of Bitcoin Futures. First tick $15,000 and halted limit up twice in that first…

AriseBank Founders to Pay $2.7 Million in Fines to Settle ICO Fraud Charges

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  A United States federal court has ordered two executives from crypto firm AriseBank to pay nearly $2.7 million in fines, according to a U.S. Securities Exchange Commission (SEC) announcement Dec. 12. The ruling follows an investigation by the SEC, which found that AriseBank was  operating a fraudulent Initial Coin Offering (ICO). AriseBank CEO Jared Rice was arrested by the Federal Bureau of Investigation (FBI) on Nov. 28 on charges of defrauding hundreds of investors of over $4 million. Rice allegedly falsely claimed that the bank could offer customers “FDIC-insured…

Cryptocurrency Transactions: Immutable but not Irreparable

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It is often said that transactions made on the blockchain are immutable: once the transaction is done, it is done. And in principle they are indeed immutable. Aside from security breaches, changes to the ledger are possible only if a predetermined fraction of the miners or block producers consent to them. It is infeasible to reverse a single transaction, even if there were valid reasons to do so. However, it is frequently overlooked that blockchain transactions (including those relative to cryptocurrency), apart from the digital rules (code), are governed by…