Category: Cryptocurrency

The Security and Exchange Commision recent actions on two Initial Coin Offerings (ICOs) could mean the downfall for many projects. SECs New Ruling SEC states that the ICOs Paragon and AirFox have to refund $12 million and $15 million respectively to investors. The two companies sold digital tokens in initial coin offerings but violated securities offering registrations. Both companies agree to return funds to harmed investors and register the tokens…

Christine Lagarde, head of the International Monetary Fund, has used a speech at the Singapore Fintech Festival to advocate that states across the world should consider issuing digital currencies. The IMF hasn’t always been the biggest fan of crypto. In a report entitled the World Economic Outlook released last month, they cited the rise of cryptocurrency as among “Challenges to Steady Growth” globally. Lagarde has herself been critical of cryptocurrencies,…

Changpeng Zhao (CZ), CEO of the leading crypto exchange Binance, struck a positive note, saying that crypto market remains in a good position. Speaking in CNBC‘s Crypto Trader show, CZ seemed unconcerned by the slump that has hoarded the crypto industry since the turn of the year. Crypto market is still growing Bitcoin reached its all-time peak so far on December 17th, briefly climbing above the $20,000 mark. However, the…

The general manager of the Bank for International Settlements, Agustín Carstens, is known to make cryptocurrency-averse remarks. He has now been at it again, speaking at the University of Miami Business School’s 70th anniversary. More specifically, Carstens told the crowd that Bitcoin, and cryptocurrency in general, did not hold any economic value. In addition to this, he also noted that it would even be false to call cryptocurrencies ”currencies” at…