The US Securities and Exchange Commission (SEC) has settled with crypto exchange Bitqyck and its founders Bruce Bise and Sam Mendez over what the SEC believed was an unregistered token sale that raised $13 million. Bitqyck will pay a civil penalty of $8.5 million on top of disgorgement and prejudgment interest. For the two founders, […]
Category: STO News
Vertalo and InvestReady to Address Verification / Accreditation
Partnering Vertalo has announced that they have forged a strategic partnership with InvestReady. This alliance will see Vertalo integrate services, offered by InvestReady, which are tailor-built to streamline processes surrounding the verification and accreditation of investors. Verification and Accreditation One of the main differentiators between simple utility tokens and the various forms of digital securities […]
MERJ and Globacap Target Expansion in Europe
Targeting Europe Seychelles based, MERJ, has been on a tear lately, and has no sign of slowing down. It was recently announced that they have partnered with London based, Archax. This partnership was undertaken with the intention of expanding their services throughout Europe. Between the two companies, services are offered facilitating, not only the issuance […]
Peter Schiff Claims Recent Bitcoin Drop of 7% is Doom and Gloom for Safe Haven Asset Class
The gold bug Peter Schiff has attacked Bitcoin once more on social media. Now, he is claiming that Bitcoin is no safe haven asset because the token lost 7% of its value recently. His main argument is that the dip below $10,000 USD proved that Bitcoin is not the asset that most people believed it […]
Bitqyck Crypto Exchange Settles with SEC on Charges About Committing Token Sale Fraud
The U.S. Securities and Exchange Commission (SEC) has recently announced that it would settle the charges related to Bitqyck, a cryptocurrency token issuer which was accused of being a fraud. The two founders of the company, Sam Mendez and Bruce Bise, raised $13 million USD selling the tokens of their company to over 13,000 investors. […]
Bitqyck ICO Operators Fined $10 Million to Settle SEC Charges
Bitqyck sold two digital tokens, Bitqy and BitqyM, to US investors without registering their illegal $13 million offering.
Australian Securities Exchange Signs MOU to Transition to Distributed Ledger Technology
As of August 26th 2019, the Australian Securities Exchange (ASX) has signed a three-party Memorandum of Understanding (MOU) to transition to Distributed Ledger Technology (DLT). The major exchange expects to be utilizing DLT by the spring of 2021. The Australian Securities Exchange Using DLT Explained The ASX currently manages AU$2 trillion in registered equities and […]
Wikipedia Becomes Verified Brave Publisher
Wikipedia is the latest website to become a verified publisher with the Brave web browser, allowing the site to start taking dips and donations in the form of Brave’s basic attention token.
SBI Tries to Break XRP Stagnation by Incentivizing Shareholders
Eligible shareholders will receive 30 tokens in their SBI VC account.
Securitize Launches Tool to Ensure Successful Transactions
Pre-Trade Verification Securitize, an industry leading issuance platform, has just announced the launch of their ‘pre-trade verification’ tool. This launch represents another step forward in functionality within their platform, by offering investors the ability to ensure the successful trading of digital securities. Due to the complex nature of digital securities, it is not as simple […]
