After Several Years, The SEC Charges BitConnect Promoters

The US Securities and Exchange Commission (SEC) charged five individuals for promoting the global unregistered digital asset securities offering, BitConnect, that raised over $2 billion from retail investors between January 2017 to January 2018. BitConnect organized a global network of promoters through referral commissioners and used them to sell securities in its “lending program” without […]

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New SEC Chair Gensler Suggests Crypto, DeFi Need More Regs

Neither the author, Kai Morris, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. On May 26th, Gary Gensler, MIT professor, and current SEC Chair, spoke to the U.S. House of Representatives about the future of financial regulations. In particular, Gensler discussed the need for tighter regulations for […]

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PayPal Adds Support for Third-Party Wallets

Global payments giant PayPal will be allowing users to withdraw crypto holdings to external wallets. US-based payments service provider PayPal has continued with efforts to embrace cryptocurrencies following its entry into the space seven months ago. The company announced yesterday that it is seeking to introduce a crypto withdrawal function. The latest move will allow […]

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BlackRock, Manager of $8.6T in Assets, is Now ‘Studying’ Crypto

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. In BlackRock’s annual meeting on Wednesday, CEO Larry Fink, in response to a shareholder’s question on whether the company would invest in Bitcoin, stated: “The firm has monitored the evolution of crypto assets. We are […]

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