SEC says online crypto-trading platforms must register as exchanges

Leo Zhang

By Leo Zhang

Increased regulation is coming to U.S. cryptocurrency markets.

News

Statement on potentially unlawful online platforms for trading digital assets
(SEC)

"To get the protections offered by the federal securities laws and SEC oversight when trading digital assets that are securities, investors should use a platform or entity registered with the SEC, such as a national securities exchange, alternative trading system ('ATS'), or broker-dealer."

Bittrex statement on the SEC’s online trading platforms announcement
(Bittrex Support Team)

"'Bittrex is committed to helping advance the United States’ global leadership in this emerging industry, and we look forward to continuing our proactive dialogue with the SEC and other regulators on how to build a secure, fully-regulated environment for blockchain that encourages innovation and economic growth.'"

Binance founder denies rumor that the exchange is hacked

Japan to punish several cryptocurrency exchanges: sources
(Reuters, by Takahiko Wada, Thomas Wilson)

"The Financial Services Agency may also order Coincheck Inc - the exchange targeted by hackers in a $530 million theft of digital money - to raise its standards, the sources said."

Commentary

Now we know who sold the bottom at $6k and tried to crash Bitcoin
(Captainaltcoin.com, by Rene Peters)

"The MT Gox trustee has sold half a billion worth of bitcoin and bitcoin cash between December 2017 and February 2018 it was revealed today."

The zombie marmot apocalypse has begun
(Preston Byrne)

"What a lot of people have missed is that it’s possible for an ICO operator to be both a money transmitter and a securities issuer at the same time. As put here on the marmot blog in August and October, KYC/AML rules still apply if you’re issuing a crypto-token."

'Blockchain' is meaningless
(The Verge, by Adrianne Jeffries)

"A significant chunk of new blockchain proposals, like those proposed for the financial industry, are so-called 'private' blockchains. Critics say these projects are old technology masquerading as something new."

Commentary on Coinbase Index Fund

Technical

Here’s how much it costs to mine a single bitcoin in your country
(MarketWatch, by Aaron Hankin)

"According to research conducted by Elite Fixtures, the cost of mining a bitcoin varies significantly around the world, from as little as $531 to a stunning $26,170."

Halong mining is the first Bitcoin mining hardware producer to implement overt ASICBoost
(Bitcoin Magazine, by Aaron van Wirdum)

"The Halong Mining announcement is the latest in a series following the introduction of the BDPL, an open initiative to share patents between licensees."

The new Bitcoin wallet experience-thinking outside the box
(Medium, by nopara73)

"Such user experience makes Bitcoin wallets more fun, more importantly it helps its users’ to make educated decisions whenever making a transaction, therefore improving their privacy."

New research: most IOT devices can be hacked into botnets
(TechRepublic, by Jason Hiner)

"'Right now, devices you are buying today are very, very easy to attack and the problem is that once you attack it once, all of these devices can be attacked remotely. So you only need to do this one time—this process of taking them apart.'"

Tools & Tutorials

[How to safely trade and store cryptoassets]

Infographic: Cryptocurrency Theft & Security
Source: CryptoGo.com

Updates

Decred miner DragonMint B29 Blake256 is now available for sale. Halong

Cardano released 1.1.0 software update. Read all about this major package of improvements and fixes here. Cardano Foundation

STORJ released recording of the quarterly Town Hall. Blog

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