SEC Chairman Insists Crypto ETF is Prone to Manipulation

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The chairman of US Securities and Exchange Commission (SEC), Jay Clayton, expanded the conversation on crypto Exchange-Traded Fund (ETF) on Tuesday. Indeed, the head of the investment watchdog insisted they would continue to turn down such proposals until market actors address the issue of manipulation. In recent times, the agency dominated crypto industry news for rejecting … Continue reading “SEC Chairman Insists Crypto ETF is Prone to Manipulation”

US SEC Halts Trading in Two Cryptocurrency Products

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Apparently, the US SEC doesn’t take weekends off. The agency just suspended trading on two investment products that track cryptocurrencies.  Apparently, there’s confusion over whether the products are exchange trading funds (ETFs). Bitcoin Tracker One and Ether Tracker One are halted until at least September 20, 2018 Both products have a promise to track the … Continue reading “US SEC Halts Trading in Two Cryptocurrency Products”

SEC charges two Nevada Men for illegal sales of crypto stock: Fined over $1.14 Million

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Two residents from Nevada were recently under scrutiny by the U.S. SEC (Securities and Exchange Commission) for illegal profit obtained from stock sales via blockchain startup named UBI Blockchain Internet Ltd. The illicit trade was completed within the timeline starting from December in 2017 to 2018 in January. The SEC filed a suit on Monday … Continue reading “SEC charges two Nevada Men for illegal sales of crypto stock: Fined over $1.14 Million”