Augur, a decentralized prediction market launched on !date:7/10/2018. It allows anyone to launch a financial market to incentivize correct predictions and confirmations of any real-world event. Augur is both an example of the power of dApps and the scaling challenges they face.
$250 million Tether (USDT) were issued on 6/25 for the first time since 3/20. Critics contend that Tether is a fraudulent scheme used to manipulate the price of #crypto. Defenders see Tether as a necessary tool to circumvent banking restrictions levied against #crypto exchanges.
William Hinman, Director of the Division of Corporation Finance, argues that #ethereum is no longer a security: "putting aside the fundraising that accompanied the creation of Ether... current offers and sales of Ether are not securities transactions."
SEC Chairman Jay Clayton argues that #bitcoin is not a security in June 6th CNBC interview: "Cryptocurrencies: these are replacements for sovereign currencies. Replace the dollar, the yen, the euro, with bitcoin. That type of currency is not a security." #usa #regulation
SEC obtains a court order to halt the Titanium ICO, led by Michael Stollaire, and put raised funds into receivership. Charged with violating the antifraud and registration provisions of federal securities law by fabricating business relationships with corporate clients.
US Justice Department, consulting with the CFTC, has opened a criminal probe into traders who employ spoofing and wash trading on #crypto exchanges. traders use these techniques to manipulate the sentiment and decision making of rival traders to set up favorable trades.
The Marshall Islands with a population of 53,066 will recognize their own cryptocurrency, Sovereign (SOV), as official legal tender. Legislators for the Pacific island nation passed the Declaration and Issuance of the Sovereign Currency Act 2018 on February 26th.
For the second time in months, Verge XVG is being hacked by generating fake timestamps to lower the difficulty adjustment algorithm so as to monopolize the mining of new coins. Attack is made possible due to the larger attack surface of Verge's relatively sophisticated design.
Coinbase releases Coinbase Pro which will obsolete GDAX starting June 29. Coinbase Pro will integrate recently purchased DEX Paradex. Paradex will give Coinbase customers the ability to trade hundreds of ICO tokens, but, for now, only outside of the US due to regulatory concerns.