Block Network

October 1, 2020

It looks like the SEC isn’t done with trading app Abra just yet

The SEC’s investigation into the crypto trading firm, which paid fines of $300,000 in July, apparently continues. Back in July, the Securities and Exchange Commission alongside the Commodity Futures Trading Commission fined investment app Abra for providing trading on synthetic assets. At the time, that looked like the end of the matter. However, in response to […]

BitMex denies CFTC and DoJ allegations, says trading will continue

Despite criminal charges from the DOJ and at least one arrest of its leadership, Bitmex promises to continue operating as usual. In a blog post published Thursday afternoon, Bitmex lashed out at charges that the Commodity Futures Trading Commission and Department of Justice filed against the exchange and its management earlier today.Bitmex’s statement claimed that “From our early days as […]

Penn State set to host its own node for an enterprise blockchain

Penn State snagged one of GoChain’s node operator spots. Pennsylvania State University, a U.S. university touting more than 40,000 students, has agreed to operate as a signing node for GoChain’s proof-of-reputation, or PoR, blockchain. Constructed as a fork of the Ethereum blockchain’s code, GoChain is secured by selected entities that run their own nodes, Marie Gonzalez, […]

Cointelegraph Consulting: Whales accumulate Ethereum as sell pressure falls

Is Ethereum’s recent accumulation an omen of prosperity? Miners and whales signal increased confidence in the coin’s long-term potential. The latest findings by Santiment, published in Cointelegraph Consulting’s biweekly newsletter, suggest that regular users are returning to Ethereum in response to lower transaction fees.Several influential Ethereum cohorts — including miners and some of Ethereum’s largest […]

3 reasons why the CFTC action against BitMEX will not crash Bitcoin price

Bitcoin price declined by 4% after the CFTC revealed charges against BitMEX but BTC remains bullish in the long term. Within the last few hours Bitcoin (BTC) price plummeted as the U.S. Commodities and Futures Trading Commission (CFTC) charged BitMEX with facilitating money laundering and operating an illegal cryptocurrency derivatives exchange. An even larger shock occurred […]

Shenzhen’s stock exchange is preparing to launch Blockchain-powered trades

Chinese exchanges are becoming increasingly blockchain-friendly Shenzhen’s stock exchange, one of the biggest exchanges in the Asia-Pacific region, announced that they have co-launched a blockchain solution for trading with unlisted private-sector companies. This new platform was created as part of the Beijing Regional Trading Center.The report also indicated that the platform will be co-piloted with […]

CFTC charges BitMex with illegally operating derivatives exchange

Not being incorporated in the U.S. did not help the popular platform. The U.S Commodity Futures Trading Commission, or CFTC, has charged the BitMEX derivatives exchange with operating an unregistered trading platform and violating anti-money laundering regulations.According to a statement released Thursday, the CFTC filed a civil enforcement action in the Southern District of New […]

US Treasury warns crypto firms not to reimburse unknown ransomware victims

Malware payouts from insurance companies pose a threat to U.S. national security. Two offices of the U.S. Department of the Treasury have issued advisories on ransomware payouts, which they say pose a threat to national security. The Financial Crimes Enforcement Network or FinCen reminded cryptocurrency processing companies of their duty to file suspicious activity reports when […]

The avaricious misanthropy of Brian Armstrong

If the mission is to create economic freedom for Coinbase’s CEO, he’s taking all the right steps. You can tell from Brian Armstrong’s opening words that he’s a numbers guy.“There have been a lot of difficult events in the world this year,” understated the Coinbase CEO in announcing that forthwith, the largest cryptocurrency exchange in […]

Bittrex Global gets cleared to run crypto exchange from Bermuda

Bermuda continues to welcome fresh wave of crypto exchanges on the island. Crypto exchange Bittrex Global received the green light from Bermuda’s financial watchdog to run its operations under the supervision of local authorities.According to the official announcement, the company got a full “Class F Digital Assets Business Act” license from the Bermuda Monetary Authority, […]