North Dakota’s securities watchdog has issued a cease-and-desist order against a Russia-based initial coin offering (ICO) that appeared to impersonate Liechtenstein-based Union Bank AG to promote “unregistered and potentially fraudulent securities.” On Monday, Karen Tyler, commissioner of the North Dakota Securities Department, said that the website of the supposed ICO project – called Union Bank Payment Coin (UBPC) […]

The term “institutional crypto” sounds like an oxymoron. There’s something quite ironic about financial institutions adopting a renegade technology that was designed to do away with them. Yet a string of developments this past month suggests that – to put it bluntly – the institutions are coming for your crypto. Whether this is something to […]

Just a few days ago, Crowd Machine was working to build a crypto replacement for Amazon Web Services. Today, it is facing questions about its survival. On Saturday, according to a post by the Crowd Machine team, a hacker compromised the company’s cryptocurrency wallet and stole a large number of the application’s native Crowd Machine Compute Tokens […]

One of the most popular soccer clubs in the world is launching a crypto token that it says will boost fan numbers by allowing them to “be heard.” For the effort, Italy’s Juventus Football Club, which boasts Cristiano Ronaldo as a current team member, is teaming up with Socios.com to launch the “Juventus Official Fan Token.” The token will be […]

The North American Securities Administrators Association (NASAA) announced that there are “more than 200 active investigations” by state or provincial-level agencies into initial coin offerings (ICOs) and other crypto-related investment products. NASAA, composed of securities regulators from the U.S., Canada, Puerto Rico, the U.S. Virgin Islands and Mexico, said in a press release Tuesday that […]