Category Archives: altcointoday.com

SeedCX Exchange Is Barring Employees from Crypto Trading

Having traded cryptocurrency with his own money since 2014, software engineer Alex Wachli made a difficult choice when he joined the institutional crypto startup Seed CX. He had to give up trading. Seed CX forbids cryptocurrency trading by its roughly 40 employees. So Walchli effectively locked up his crypto holdings by handing the compliance team a list of all… Read More »

SEC Chair ‘Optimistic’ DLT and Crypto Will Drive Investment Opportunities

Speaking as part of a testimony to the United States Senate Committee on Banking, Housing, and Urban Development, the chairman of the U.S. Securities and Exchange Commission Jay Clayton expressed optimism that the distributed ledger technology (DLT) sector will “facilitate capital formation.” Clayton also discussed the enforcement actions taken by the SEC in regulating initial coin offerings (ICOs).… Read More »

This Binance Labs-Backed Crypto Startup Wants to Anonymize Everything

“We’ve been fucking up this mixnet idea for 39 years.” That’s how lead developer David Stainton introduced the mixing tech that powers Nym Technologies, a stealth anonymity startup that sports a roster of privacy activists and cryptography heavyweights from around the world. An open infrastructure based on a near-forgotten anonymity system named mix networks, Nym is now entering the… Read More »

STO Services Startup TokenSoft Acquires Stake in Regulated Broker-Dealer

STO technology platform TokenSoft is launching a regulated broker-dealer as part of its push to offer greater services to token issuers and startups. The firm – which is known for assisting startups with token sale launches – announced the new regulated broker-dealer affiliate, called TokenSoft Global Markets, on Thursday. The new entity is registered through the the New York office of the… Read More »

Indian Government Panel Suggests Crypto Dealings Should Be Illegal, Local Sources Say

An Indian government panel has reportedly suggested a new legal framework within the Reserve Bank of India (RBI) that completely bans cryptocurrencies in the country. English-language Indian media outlet CNBC TV18 reported on the framework on Dec. 6. The article cites an unnamed source as noting that “the panel has categorically said that all such currencies should be treated as illegal” and that “any… Read More »

Korean Court Case Alleges Government’s ICO Ban Is Unconstitutional

A constitutional complaint has reportedly been filed in South Korea alleging that the government’s ban on initial coin offerings is unconstitutional. It has been more than a year since token sales were banned in the country but the government has yet to introduce any regulations for them, causing problems for startups. Constitutional Complaint Filed South Korean blockchain startup… Read More »

SEC to Decide Fate of Vaneck Solidx Bitcoin ETF by Late February

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the Vaneck Solidx bitcoin exchange-traded fund (ETF), which will trade on Cboe BZX Exchange. The SEC has received more than 1,600 comments and will make a decision by February next year. New Decision Date The SEC announced on Thursday that it has designated “a longer period… Read More »

Morgan Creek Is Betting $1 Million That Crypto Can Beat the S&P

Morgan Creek Digital, an institutional manager focused on cryptocurrencies and digital assets, wants to bet $1 million that such assets will outperform the S&P 500 during the next 10 years. The asset manager is challenging any professional investor or firm that believes cryptocurrencies are “worthless” or that public equities are a better bet to prove their belief with… Read More »

IRS to Face Record Number of Loss Claims, Says Crypto Accounting Firm

IRS to Face Record Number of Loss Claims, Says Crypto Accounting Firm Node40, a developer of bitcoin tax-reporting software, expects the U.S. Internal Revenue Service (IRS) to receive a record number of cryptocurrency-related tax return claims this year, as it predicts that many investors will decide to declare their losses. Pros and Cons of Reporting… The post IRS… Read More »

Chilean Court Rules in Favor of Closing Bank Accounts of Crypto Exchange Orionx

In a landmark judgment, the Supreme Court of Chile has ruled that state-owned Bancoestado was justified in closing the accounts of cryptocurrency exchange Orionx without explanation. The judges ruled that the bank acted in compliance with laws on money laundering and terrorist financing, a threat allegedly posed by censorship-resistant, decentralized cryptocurrencies. Cryptocurrencies Lack ‘Intrinsic Value’ Cryptocurrencies such as… Read More »