RegulationsJustin Caldwell

Don't be Afraid of Blockchain Regulation
Regulations
Don’t be Afraid of Blockchain Regulation
It was only a matter of time until regulations infiltrated the world of cryptocurrency. In 2015, New York became the first jurisdiction to do so. BitLicense was established to serve users in the state of New York. Many argued over-compliance and regulation would restrict startup activity. The goal was to support and promote businesses with new and emerging technologies. However, it’s important to remember that those who regulate aren’t always…
CEO of AriseBank Arrested by FBI Over $4 Million ICO Embezzlement
Regulations
CEO of AriseBank Arrested by FBI Over $4 Million ICO Embezzlement
The FBI has arrested the CEO of a crypto bank on charges of embezzlement of around $4 million raised from investors through AriseBank’s ICO. The United States Attorney’s Office of the North District of Texas announced on Wednesday (November 29th) that it had arrested Jared Rice Sr., the CEO of a crypto bank, AriseBank, on charges relating to the defrauding of more than one-hundred investors of over $4 million through…
DJ Khaled, Floyd Mayweather Face Fines from SEC for Involvement with ICO Promotion
Regulations
DJ Khaled, Floyd Mayweather Face Fines from SEC for Involvement with ICO Promotion
Professional fighter Floyd Mayweather, Jr. and popular producer Khaled Khaled – more popularly referred to as DJ Khaled – have settled with the United States Securities and Exchange Commission (SEC) on charges brought against them. The pair was charged by the regulatory commission for not disclosing their involvement with initial coin offerings (ICOs) which they were paid to promote. Promoting ICOs An announcement made on Thursday stated that Mayweather received…
Goldman Sachs Still Not Holding Crypto on Behalf of its Clients
Regulations
Goldman Sachs Still Not Holding Crypto on Behalf of its Clients
Goldman Sachs is still unable to hold bitcoin on behalf of its clients, despite announcing three months ago that they would begin offering services to their clients due to pressure from demand. Back in August, ToshiTimes announced Goldman Sachs’ plans to begin offering cryptocurrency custody services to its clients, citing significant “client interest”. However, to date the firm is still yet to offer the services to its clients. “One of…