SEC Orders ICO Startup to Return $25.5M to Investors

The United States Securities and Exchange Commission (SEC) has ordered cryptocurrency firm BitClave to return $25.5 million to investors. In a March 28 announcement, the SEC announced charges against the California-based cryptocurrency startup. The regulator found BitClave to be responsible for selling unregistered securities in its initial coin offering. Chief of the SEC Enforcement Division’s Cyber Unit Kristina Littman commented: “Issuers of securities, traditional or digital, must comply with the registration requirements of the federal securities laws. […] The remedies ordered by the Commission will provide meaningful relief to investors…

China’s TON Community to Launch Their Own Blockchain Network

Telegram’s terminated blockchain project, Telegram Open Network, or TON, keeps spawning new community-led TON networks.  While there are at least two global TON-based initiatives so far, namely Free TON and NewTON, the Chinese TON Community has opted to launch their own TON network. In a May 29 blog post, the Chinese TON Community voiced its intention to launch a separate TON-based network. The new effort comes in response to Telegram CEO Pavel Durov officially shutting down the firm’s involvement in the project, the post notes. Blockchain testnet is a first…

10 Benefits of Security Token Offerings

One of the recent technology trends which are spreading its wings is the security token offerings. This particular platform is meant for fund raising effortlessly. It is developed in such a way that it can also come up in the place of IPO in no time. The term used in context with blockchain, is basically used in the digital world. This cutting-edge technology is of great help for the traders as well as investors because they can easily plan to trade in this currency by sitting anywhere. Moreover, tokenizing an…

Coinbase Now Supports Tezos Staking Rewards for UK and Some EU Users

Major cryptocurrency exchange Coinbase is rolling out Tezos (XTZ) staking rewards for users in the United Kingdom and three European countries. In an announcement on May 28, the exchange revealed that users in the U.K., France, Spain and the Netherlands are now eligible to earn interest on their XTZ holdings for depositing and holding the token on the exchange. According to Coinbase, since this feature was launched in the United States back in November, users have earned over $2 million in XTZ staking rewards. What is staking? In blockchains that…

Bitcoin 896-Day ‘Accumulation’ Will Now Spark $100K Bull Run — Analyst

Bitcoin (BTC) has spent almost 900 days correcting from its $20,000 all-time highs — but its trip to $100,000 is about to start. That is the opinion of popular social media trader and analyst Positive Crypto, who on May 29 declared that the largest cryptocurrency’s 896-day climbdown would soon be over. BTC price to break “consolidation structure” According to an accompanying chart, the time since December 2017 has been “one massive accumulation phase,” during which investors repositioned themselves and bought in. This “consolidation structure,” as Positive Crypto calls it, is…

XRP Inflation Rate Five Times Higher Than Bitcoin’s

Data from research firm Messari indicates that Ripple’s circulating supply (XRP) inflation rate is coming up to 20% for the latest financial year. Highest among the large-cap crypto assets, it is five times that of Bitcoin’s (BTC). Inflation vs. price Messari researcher Florent Moulin shared the information on Twitter stating that Bitcoin is up 20% since last year, but in contrast, XRP is down 47% —- alluding to some correlation between their price and circulating supply inflation rates. Moulin also compared how much of the max supply is in circulation,…

Bitcoin Shrugs Off Goldman Sachs’ Criticism With Price Spike

Crypto traders aren’t taking advice from Goldman Sachs — with Bitcoin up by more than 8% since the investment bank slammed BTC in an investors call. Bitcoin has increased from the $8,800 mark to $9530, with the $10,000 barrier in sight According to crypto derivatives tracker Skew.com, the price rise has seen approximately $40 million in BitMEX shorts liquidated over the last 36 hours, with trading sitting above the BTC spot price indicating confidence in a longer rally. The 24 hour trading volume has stayed constant over the last week.…

CoinMarketCap Unveils Further Changes to Ranking System

Leading crypto data aggregator CoinMarketCap (CMC) has introduced new metrics ranking exchanges and market pairings based on a number of factors that are intended to reduce the impact of fake volume on the platform’s data. The changes build on others that were introduced recently that have proven controversial for benefiting CoinMarketcCap’s new parent company Binance. To flag suspicious volumes reported by exchanges, CoinMarketCap introduced its new ‘Confidence’ metric on May 29. The factor uses a machine-learning algorithm to examine all data ingested by CMC “to determine if the volumes reported…

2020 is a Write-Off, Let’s Try 2021 in Columbia

The Ethereum Foundation says it will not hold blockchain’s largest international conference Devcon VI this year and has moved the event to Bogota, Colombia in 2021 — although a precise date is yet to be announced Colombia is one of the top countries in crypto adoption in the world.  Why the delay? In a statement the Foundation said it necessary to postpone the event until next year due to the global restrictions and travel difficulties resulting from the pandemic: “Simply put, Devcon participation should neither be limited to a few…

Bitpay Shuns Lightning and Liquid, Says Actual Bitcoin Payments Still Dominate

Pioneering crypto payments service Bitpay has revealed that Bitcoin still overwhelmingly dominates payments and that it has no plans to use second layer solutions like the Lightning or Liquid networks. Bitcoin is often criticised as a payment method because it is slow — the network can process just a handful of transactions per second —  and expensive (the transaction fee recently topped $6) but it remains the preferred payment method on Bitpay. “As of March, Bitcoin continues to be both the largest and most popular crypto asset representing over 95%…