Category Archives: Cryptocurrency News

SEC accused organizers of Rivetz of conducting unregistered ICO

The US Securities and Exchange Commission continues its “crusade” against cryptocurrency startups. This time, the SEC filed a lawsuit against the organizers of the Rivetz company for an unregistered ICO. The company Rivetz, which was developing a solution for identifying users on the blockchain, carried out a sale of RvT tokens in 2017 to fund its activities. Between July and September 2017, the company and founder Steven Sprague sold $ 18 million worth of RvT…

American Cryptocurrency Exchanges Recorded Failures During Market Drop

Yesterday, the rate of bitcoin and the largest altcoins fell significantly. Against this background, the activity of traders has increased, and the largest American cryptocurrency exchanges have reported failures in the work of the platforms. Cryptocurrency exchange Coinbase has posted a “slowdown” warning on its website. Representatives of the exchange later reported on the social network Twitter about “an unexpected increase in network traffic and market activity.” “We are aware of delays and cancellations of…

SEC may sue Coinbase

The SEC has warned cryptocurrency exchange Coinbase of a possible legal action if the company launches a high-yield savings product for the USDC stablecoin. Coinbase Chief Legal Officer Paul Grewal posted the warning he received from the US Securities and Exchange Commission (SEC) on his blog. In the article, Greval described how the company had been in talks with the SEC to launch the Lend product for six months, but last Wednesday the agency suddenly…

Panamanian Congressman presented a bill on the legalization of cryptocurrencies

A new bill, submitted to the Panama National Assembly, regulates the use of cryptocurrencies in the country, including the use as a means of payment. Under the new bill, proposed by Congressman Gabriel Silva of Panama, Panama will become a nation that supports the development of the digital economy, blockchain, cryptoassets and the Internet. According to the document, individuals in Panama or legal entities established in the country are free to use cryptocurrency as a…

Visa plans to introduce cryptocurrencies into the Brazilian banking system

Payment system Visa announced cooperation with Brazilian banks. The company plans to provide cryptocurrency services to Brazilian citizens and make payments in BTC. This is reported by the Brazilian media. Vice President of Business Development for Visa Brazil, Eduardo Abreu, said the payment giant has partnered with several cryptocurrency firms in Brazil to integrate cryptocurrencies into the country’s traditional banking system and bring cryptocurrency cards to market. Banks will be able to connect to Visa’s…

SEC launched a large-scale investigation of the activities of the DeFi segment

The US regulator’s investigation into Uniswap is just the beginning of a broader initiative targeting the entire decentralized finance sector. The Wall Street Journal previously reported that Uniswap Labs, which develops the popular decentralized exchange (DEX), is under investigation by the US Securities and Exchange Commission (SEC). The seriousness of the SEC’s intention to examine in detail the work of Uniswap Labs is confirmed by sources with close knowledge of the situation. They point specifically…

Cover P2P insurance protocol announced closure

Cover Protocol, a decentralized finance insurance project, announced it would close after the departure of its core development team. Ruler, a related lending service, is also shutting down. Against the background of the announcement, the COVER token rate fell by 16%. If earlier the token was traded at $ 269, now its rate is $ 221. At the same time, trading volumes increased several times. The RULER token collapsed by 87% at once. One of…

Franklin Templeton plans to start trading BTC and ETH

Global Investment Fund Franklin Templeton is recruiting employees to organize trading in bitcoin and ether and products based on them. According to the vacancies posted by Franklin Templeton, the asset management company plans to start working with cryptocurrencies. At least two vacancies posted this week are related to cryptocurrencies: trader and market researcher. The new hires will join the investment team in Franklin Templeton’s digital asset management team. “We are looking for a cryptocurrency trader…

FC Inter and Zytara Labs signed a partnership agreement for € 85 million

FC Inter Milan and Zytara Labs, with the support of the DigitalBits Foundation, signed a partnership agreement worth € 85 million, under which XDB will become the football club’s “official cryptocurrency”. DigitalBits (XDB) will become the “official cryptocurrency” and Zytara will become the “official digital banking partner” for FC Inter. The Inter mobile application, which will allow users to subscribe to Zytara banking services and access cryptocurrency products, is available for download on the App…

Crystal Blockchain has released a free version of the blockchain analytics app

Analyst firm Crystal Blockchain has unveiled a free version of its transaction chain analysis tool to trace the origins of cryptoassets. According to a statement on the Crystal Blockchain website, Crystal Block Explorer is the market’s first retail version of the professional blockchain analytics tool. Compared to the flagship paid product Crystal Expert, the retail version of the tool is limited. The free blockchain analytics product can be useful for ordinary cryptocurrency users, researchers and…