The U.S SEC On Cyber Securities
According to their latest annual report, the U.S. SEC is out to tackle the increasing issue of cybercrimes in the cryptocurrencies industry by launching multiple initiatives with partner agencies to reduce fraud in the crypto and DLT sectors.
“Additionally, in partnership with the Division’s Cyber Unit and Microcap Fraud Task Force, as well as the Division of Corporation Finance’s Digital Asset Working Group, the RSTF has launched a lead-generation and referral initiative involving trading suspensions related to companies that purport to be in the cryptocurrency and distributed ledger technology space.”
In a section of the reports regarding ICO regulation, they stated that in 2018 alone the Commission has already brought 20 stand-alone cases against ICO companies accused to be involved in some sort of legal misconduct.
“Since the formation of the Cyber Unit at the end of FY 2017, the Division’s focus on cyber-related misconduct has steadily increased. In FY 2018, the Commission brought 20 standalone cases, including those cases involving ICOs and digital assets. At the end of the fiscal year, the Division had more than 225 cyber-related investigations ongoing.”
With no formal regulatory framework on cryptocurrencies and ICOs, the SEC plans to continue increasing public awareness cyber-fraud while prosecuting cases to the full extent of the existing traditional securities law.
A Blockchain Partnership Between Microsoft And Nasdaq
In the recent news report by Bloomberg, Microsoft is set to integrate it’s Azure blockchain services with Nasdaq’s Financial Framework, which offers software for traders, exchanges, and clearinghouses.
The partnership will create a blockchain system that makes it easier to match buyers and sellers, and also manage the delivery, payment, and settlement of transactions. The partnership will be announced Tuesday as Microsoft business development chief Peggy Johnson speaks at Bloomberg’s CIO Exchange conference.
Apart from working together as partners, these two companies have been independently involved in the blockchain industry.
Nasdaq has plans to list multiple cryptocurrencies in 2019, after meeting with about six companies, including Gemini and other cryptocurrency exchanges. Microsoft, on the other hand, is allegedly working with Starbucks and Intercontinental Exchange to launch a new company called Bakkt that will enable consumers and institutions to buy, sell, store and spend cryptocurrencies on the global network.
Now it only remains to be seen if Microsoft and Nasdaq’s involvement in blockchain will foster more trust in the cryptocurrencies industry.
Coinbase And Binance Pledge To Support Bitcoin Cash
Although the Bitcoin Cash Network is having trouble coming to a consensus regarding the future of its blockchain, they are set to have a hard fork on the 15th of November.
Despite the fact that a lot of exchanges and platforms supporting BCH are on the fence regarding the fork due to the consensus division, two of the largest crypto exchanges, Coinbase and Binance are giving their full support to the network.
Binance, announced support for the asset, claiming that it would be suspending BCH deposits and withdrawals an hour or two prior to the hard fork’s expected date.
Coinbase, valued at $8 billion, issued a similar statement, warning its users against a possible service disruption. Also, they have promised to keep a close eye on the Bitcoin Cash Network during and after the fork so as to decide if clients can access the forked coin or not.
“We will pause sends and receives on the BCH wallets at Coinbase.com, in our iOS and Android apps, and at Coinbase Pro and Prime beginning at 8:00 AM PST on 11/15/2018 (approximately 1 hour before the fork). Please be sure all BCH sends and receives are completed prior to that time.”
And this week’s airdrops, SureRemit and ClearFoundation
SureRemit promises to allow immigrants all over the world access to digital shopping vouchers that can be spent by loved ones on goods and services at accepting merchants wherever they are. They can also pay for hundreds of utility bills and mobile airtime credits directly from the SureRemit application.
SureRemit is airdropping 500 RMT tokens the equivalence of $5 to 4,000 airdrop participants who are Non-US citizens. Current ICO price is 1 RMT equaling 0,009748 USD and this airdrop will last until November 26.
How to join?
- Go to the SureRemit AirDrop page
- Have a Latoken account with Tier 2 verification
- Follow the SureRemit Telegram
ClearFoundation is airdropping up to 2,000 CLEAR tokens the equivalence of $26 to airdrop participants and 5% of the CLEAR tokens for every referral. The current ICO price is 1 CLEAR equaling 0.013 USD
How to join?
- Register to the ClearFoundation AirDrop
- Join ClearFoundation on Telegram
- Follow ClearFoundation on Twitter
- Follow ClearFoundation on Facebook
- Follow ClearFoundation on LinkedIn
- Submit your Ethereum wallet address.