SoFex

The U.S. Securities and Exchange Commission (SEC) is seeking more than $16 million in penalties from ICOBox for selling “ICOS” tokens as unregistered securities. According to a filing in the United States District Court for the Central District of California, the SEC seeks a default judgment against Cayman Islands-based ICOBox and founder and CEO Nikolay

China’s digital currency project continues to move ahead aggressively, with a new paper from the People’s Bank of China suggesting that a core design is complete. Whatever stage of development the currency is actually in, it’s clear that China wants the world to see it as ahead of the curve in the digital currency race. 

The development of a digital yuan, or DECP, has taken a great leap forward, according to the People’s Bank of China, the nation’s central bank. In a statement (in Chinese) Thursday, the bank said the “processes of top-level design, setting industry standards, developing potential functions and integration testing,” were “almost complete.”  The bank said it

LAS VEGAS – In tech there’s an old adage: “hardware as hard.” It’s much easier to prototype and test a product when a mistake can be fixed by deleting and rewriting a few lines of code. At the Consumer Electronics Show (CES) in Las Vegas this week, though, two crypto companies are leading with atoms

PricewaterhouseCoopers (PwC) Switzerland has “hired” smart contract audit firm ChainSecurity’s team, folding the company and its expertise into the Big Four accounting firm, the companies announced earlier this week. In what seems like an acquisition in all but name, the seven technical engineers are joining the accounting firm and to bolster PwC Switzerland’s smart contract

It’s a cliche at this point to compare bitcoin to the “early days of the internet,” since they are both examples of emerging technologies. But does the cliche actually hold true? If we work with a vague definition of the World Wide Web going live in 1991, then within the first decade that ecosystem grew

At least two entities invoiced Telegram for commissions from selling the company’s tokens in the summer of 2018, months after the company’s initial coin offering (ICO), newly released documents show.  The U.S. Securities and Exchange Commission (SEC), which filed the documents Friday in its ongoing court case against Telegram, said the evidence of post-ICO sales

LedgerX announced Friday that co-founder and former chief technology officer Zach Dexter has been named the new CEO of the bitcoin derivatives company. The company suspended CEO Paul Chou and COO/CRO Juthica Chou last month, with no explanation. The two were also co-founders of the company. Depository Trust and Clearing Corporation vice chairman Larry Thompson

Kik is hoping to go to trial against U.S. Securities and Exchange Commission (SEC) allegations that the company conducted an unregistered securities offering with its 2017 kin token sale. The SEC filed a status update on the legal battle Thursday, providing a tentative schedule for the proceedings and detailing the parties’ plans for scheduling some

View Bitcoin continues to lose altitude and risks falling to crucial support near $7,555. A UTC close below that level would invalidate an inverse head-and-shoulders breakout confirmed on Jan. 6. However, the pullback was based on low volumes and could be reversed. A move above $8,000 would imply an end of the price pullback and

LAS VEGAS – There’s a “digital money” section on the show floor of the Consumer Electronics Show (CES) in Las Vegas, but MakerDAO is the only digital money with a booth there. There are a couple of other crypto wallets, security firms and a bitcoin ATM company, but ethereum’s favorite stablecoin is the only cryptocurrency

It smelled fishy from the start. On Wednesday, MY Sardines, a Luxembourg-based company, announced its intention to launch a cryptocurrency backed by –  are you sitting? – vintage sardines.  Between the novel collateral, a white paper thin on details (who is the unnamed external auditor for the stock of sardines?) and an April 1 (April