2018-12-13 20:53 |
Basis, the most well-funded stablecoin startup, says it couldn't overcome regulatory hurdles and is returning money to its investors.
Similar to Notcoin - TapSwap on Solana Airdrops In 2024
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Although crypto startups have been capitulating en-masse due to financial restraints, a direct byproduct of Bitcoin’s rapid drawdown in value, reports indicate that a promising stablecoin venture has folded due to regulatory qualms.
2018-12-13 14:00 | |
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The Basis stablecoin project which had raised over $133 Million in venture capital, is reportedly shutting down and returning a vast majority of the funds to investors. Unlike other projects shutting down due to the bear market, Basis is shutting down due to regulatory hurdles as it tried to get the stablecoin project up and […] The post $133 Million Stablecoin Project of Basis is Reportedly Shutting Down appeared first on Ethereum World News.
2018-12-13 13:55 | |
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Basis, one of the most well-known stablecoin projects, is shutting down and returning the majority of capital raised to investors, the Block reported citing multiple sources with direct knowledge. The company, which raised $133 million in funding, faced with regulators as it attempted to get its algorithmic stablecoin off the ground. As a result, Basis […]
2018-12-13 11:38 | |
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Gabor Gurbacs is confident that the approval of a bitcoin exchange traded fund (ETF) is inevitable. And he’s optimistic that the VanEck SolidX Bitcoin Strategy will be the first to deliver one to the world.
2018-11-17 01:42 | |
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The latest crypto investment fund on the block is Dragonfly Ventures, a $100 million traditional venture fund investing only in crypto assets, managed by partners Alexander Pack from Bain Capital Ventures and Bo Feng, founding partner of Ceyuan Ventures.
2018-10-9 15:30 | |
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ESMA is studying ICOs on an individual basis to determine how they should be regulated.
2018-10-9 13:38 | |
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An exchange-traded bitcoin fund (ETF) would signal greater acceptance of bitcoin as a mainstreet investment, while also making it much easier for both institutional and retail investors to get involved.
2018-10-6 01:07 | |
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Stability. The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply.
2018-10-3 19:05 | |
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Stablecoins have been all the rage this year with currently dozens in circulation bearing names like Tether, Basis, Sagacoin, TrueUSD, Dai and Carbon. Just this month, two more came onto the market, the Paxos Standard token and the Gemini Dollar, which both received regulatory approval from the New York Department of Financial Services.
2018-9-21 19:31 | |
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Stablecoins have been all the rage this year with currently dozens in circulation bearing names like Tether, Basis, Sagacoin, TrueUSD, Dai and Carbon. Just this month, two more came onto the market, the Paxos Standard token and the Gemini Dollar, which both received regulatory approval from the New York Department of Financial Services.
2018-9-24 19:31 | |
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The U. S. Securities and Exchange Commission (SEC) has once again postponed a decision on the application for a Bitcoin Electronically Traded Fund (ETF) by VanEck and SolidX, in what is the latest update in a protracted regulatory process that has dragged on for several months.
2018-9-21 19:06 | |
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Two crypto companies, Gemini Trust and Paxos, got a green light from a New York state regulator to launch their own stablecoins pegged 1:1 to the U. S. dollar. New York Department of Financial Services (NYDFS) gave an okay to Gemini Trust, the crypto exchange founded by the Winklevoss twins, to launch Gemini Dollar (GUSD).
2018-9-11 01:58 | |
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Update (September 7): Goldman Sach’s CFO Martin Chavez has since called reports of dropping the bitcoin trading desk “fake news. ” (The original Business Insider report quoted unnamed sources as the basis of the information.
2018-9-8 21:57 | |
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Access to personal financial data and the emergence of blockchain technology have been the catalyst for a revolution in the banking sector. At the start of this year, banks within the European Union were ordered by the Competition and Markets Authority (CMA) to grant customers access to their personal data.
2018-7-31 20:42 | |
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New York City State is providing some reprieve to cryptocurrency miners after its regulatory authorities authorized a brand-new electricity rate for an upstate utility that lets mining ventures work out deals there.
2018-7-13 14:00 | |
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The South Korean government is drafting major new industry classification standards for the domestic blockchain industry, local crypto news outlet The BChain reports Thursday, July 5. The scheme will reportedly serve as a basis for policy making, notably aimed towards “blockchain promotion and regulatory frameworks,” and covers areas including blockchain systems construction, decentralized applications (DApps)
2018-7-5 19:23 | |
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According to reports from Japanese media, the Financial Services Authority of Japan is considering changing the legal basis on which cryptocurrencies are regulated. This move will mark the shift of cryptocurrency in Japan from status as electronic money to a financial product.
2018-7-4 18:35 | |
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New information points towards the FSA, Japan’s financial regulating body, changing the legal basis on which cryptocurrencies are overseen in the country. FSA Considers Change to Regulatory Basis As was reported in local Japanese media Sankei on July 3, the Financial Services Agency is considering changing the legal foundation on which cryptocurrency regulation is based, from.
2018-7-3 16:30 | |
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All things constant and including this weekend’s events, odds are Ethereum might add to their gains today. It’s a tad bit stable on a day-to-day basis but with firm foundations over the weekend, chances are ETH are padding ready to make a comeback.
2018-7-3 03:04 | |
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| Analogue Notcoin - TapSwap |
Ether could eventually run afoul of the SEC, but at the moment, key data points suggest ETH is poised to hold the $1,800 level.
Risk-averse BTC derivatives traders throw in the towel after futures contracts trade below the spot market price.
BTC price is caught in the middle of a game of tug-o-war, as evidenced by the fact that pro traders are equally pricing upside and downside risk instruments.
Bitcoin traders say the bottom is in, but it’s important to also consider BTC’s correlation to equities markets.
Key BTC trading metrics are sitting on the edge of the “worst outcome” scenario, suggesting that the current sell-off is far from over.
Celebrity traders on Twitter frequently cite negative funding rates as a Bitcoin buy signal, but does data support this point of view?