security

Poloniex requires password reset after account information leak

Cryptocurrency exchange Poloniex has enforced a password reset on users whose email addresses and passwords were leaked on Twitter.  In an email dated Dec. 30, the exchange said that “someone” posted a list of email addresses and passwords on Twitter and claimed that they could be used to log in to Poloniex accounts. However, the […]
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Dec 30, 2019, 11:12PM UTC

If you build a blockchain, will anyone come?

Paul Brody is the EY Global Blockchain Leader, driving EY initiatives and investments in blockchain technology across consulting, audit and tax business lines. Blockchains thrive as network systems. They allow companies to manage and track assets and complex interactions across large business ecosystems. This technology has been long overdue, because while companies themselves have transformed […]
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Dec 11, 2019, 2:45PM UTC

Securitize acquires Japanese consultancy firm BUIDL

Security token platform Securitize has acquired Japan’s blockchain technology consultancy firm BUIDL to expand the company’s influence in Asia. Established in 2018, BUIDL advises digital security projects in Japan on how to grow revenues and build a presence in the market. Co-founders include Securitize shareholder Global Brain and the CEO of blockchain payment company Omise, […]
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Dec 6, 2019, 6:13PM UTC

Crypto asset manager CoinShares snags broker-dealer license, a move experts say is to strengthen its US presence

CoinShares Capital, an entity that appears to be owned by European asset-manager CoinShares, is now a registered broker under the Financial Industry Regulatory Authority (FINRA).  The FINRA website shows that the New York-based firm recently underwent a name change from Group Capital to CoinShares Capital, and the broker-dealer is now registered under CoinShares’ Chief Strategy […]
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Nov 26, 2019, 11:42PM UTC

New bipartisan bill would classify 'managed stablecoins' as securities

Facebook’s Libra, along with many other stablecoins, could be classified as securities and subject to increased regulatory scrutiny if a group of lawmakers get their way. Two members of the House Financial Services Committee, U.S. Reps. Sylvia Garcia (D-Texas) and Lance Gooden (R-Texas), on Thursday introduced new legislation called the “Managed Stablecoins are Securities Act […]
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Nov 21, 2019, 8:21PM UTC

CFTC Chairman: a commodity can become a security and vice versa

The Commodity Futures Trading Commission (CFTC) chairman Heath Tarbert confirmed that a security can turn into a commodity and vice versa.  Tarbert made this remark on Monday at DC Fintech Week, when asked about a comment he made earlier this month that ether is not a commodity. At the conference, Tarbert emphasized that the Securities […]
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Oct 21, 2019, 8:52PM UTC

Chainalysis adds support for 10 ERC-20 tokens; support for XRP to be included

Blockchain analysis firm Chainalysis just added support of ten ERC-20 tokens to its signature AML solutions, as cryptocurrency firms ramp up its compliance effort amidst regulatory uncertainty. Announced on Thursday, the ten ERC-20 tokens include Maker, Dai, 0x, OmiseGo, Basic Attention Token, and others. Chainalysis will also provide on-demand services to add support tokens that […]
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Oct 3, 2019, 1:00PM UTC

Coinbase, Kraken and others develop a system to rate cryptocurrencies on likelihood they are securities

Cryptocurrency exchange operators, including Coinbase, Kraken, Circle (operator of Poloniex) and Bittrex, have developed a system to rate which cryptocurrencies are likely to be securities. According to a press release shared by Coinbase with The Block on Monday, the system will help the operators to decide which cryptocurrencies to list and not to list for […]
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Sep 30, 2019, 10:45AM UTC

Blockstack concludes first Reg A+ token offering with $15.5M

Blockstack PBC, the firm behind the Blockstack computing network and app ecosystem, announced on Tuesday that it raised $15.5 million from the first Securities and Exchange Commission (SEC)-approved token offering under Reg A+.  The token offering lasted for 60 days and ended on Sept. 9.  According to an SEC filing, the firm has sold over […]
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Sep 10, 2019, 11:11PM UTC

Former ConsenSys Ventures head joins blockchain project to revive security token offerings

Former ConsenSys Ventures head Kavita Gupta has joined a blockchain project looking to breathe new life into the lethargic security token market, betting its offering will provide an alternative to the initial public offering process.  Gupta will chair Dusk Network’s non-executive board. The Amsterdam-based firm developed a permissionless blockchain for companies to tokenize their equity […]
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Aug 30, 2019, 5:27PM UTC

Direct listings have become a darling of the stock market, and they might soon shake up the blockchain world

The U.S. stock market is in a bit of a pickle.  It has nothing to do with the recent volatility in the market, precipitated by President Donald Trump’s headline-making trade war with China. The problem is the U.S. stock market shrinking as companies opt to stay private longer to avoid headaches associated with going public. […]
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Aug 25, 2019, 9:40PM UTC

"This issue is different": Huobi responds to user phone number leak following the alleged Binance KYC hack

Binance made headlines earlier this month after its users’ personal information was allegedly spread in a Telegram chat, but sources have told The Block that the problems facing the world’s largest cryptocurrency exchange might also hang over other crypto firms.  Huobi, another crypto exchange with Chinese roots, appears to be in a similar boat as […]
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Aug 15, 2019, 9:37PM UTC