1. Coinbase Introduces Four New GBP Crypto Trading Pairs
  2. U.S. Federal Court Started Using Cryptocurrency For Bail Of Hacker Charged Of Breaking Computer Network
  3. Recent slump not a setback: says the Ethereum founder.
  4. Australia Based Legaler Raises $1.5 Million To Create Blockchain For The Future Of Legal Services
  5. Utility of several top cryptocurrency questionable, says a study.
  6. Sinking Bitcoin Helps Crypto Miners Profit
  7. LuneX a Crypto Based VC Fund Driven by Golden Gate Ventures in South East Asia
  8. What makes the crypto markets “weak”?
  9. The Blockchain Technology Used By West Virginia To Accommodate The Numerous Votes For The Upcoming Midterm Elections
  10. The USA’s Largest Financial Services Market Is To Incorporate The Blockchain Technology To Streamline a Variety Of Sectors
  11. A Lawsuit In China Against Cryptocurrency Exchange “Okcoin” For Declining Certain Bitcoin Cash Related Transaction
  12. Highly prestigious operator in the stock exchange sector to launch a market based on Bitcoin.
  13. Evolution of Blockchain as a Global Phenomenon – The industry has come a long way
  14. XRP Led Cryptocurrency Exchange By AlphaPoint
  15. South Carolina state authorities desist previously enforced regulations on blockchain implementation
  16. HTC and crypto currency: virtual currency in the smart phone market.
  17. Crypto currency: the strife of RBI continues.
  18. United Kingdom set to become the world leader in cryptocurrency industry
  19. Resuscitation of the crypto currency markets.
  20. Cobinhood crypto exchange announces exciting feature promoting crypto-to-fiat transaction
  21. WEX exchange and its spectacular technical goof ups.
  22. Digital currency can take over traditional currency by overcoming Finance sector obstacles
  23. Virtual Currency enters academics
  24. The newest Ripple (Pun intended).
  25. BIS chief makes the headlines by stating the negative impacts of cryptocurrency on economy
  26. India lagging in virtual currency as RBI wins the legal battle.
  27. Ibinex: So far so good.
Thursday, September 20, 2018
Banner Top
  1. Coinbase Introduces Four New GBP Crypto Trading Pairs
  2. U.S. Federal Court Started Using Cryptocurrency For Bail Of Hacker Charged Of Breaking Computer Network
  3. Recent slump not a setback: says the Ethereum founder.
  4. Australia Based Legaler Raises $1.5 Million To Create Blockchain For The Future Of Legal Services
  5. Utility of several top cryptocurrency questionable, says a study.
  6. Sinking Bitcoin Helps Crypto Miners Profit
  7. LuneX a Crypto Based VC Fund Driven by Golden Gate Ventures in South East Asia
  8. What makes the crypto markets “weak”?
  9. The Blockchain Technology Used By West Virginia To Accommodate The Numerous Votes For The Upcoming Midterm Elections
  10. The USA’s Largest Financial Services Market Is To Incorporate The Blockchain Technology To Streamline a Variety Of Sectors
  11. A Lawsuit In China Against Cryptocurrency Exchange “Okcoin” For Declining Certain Bitcoin Cash Related Transaction
  12. Highly prestigious operator in the stock exchange sector to launch a market based on Bitcoin.
  13. Evolution of Blockchain as a Global Phenomenon – The industry has come a long way
  14. XRP Led Cryptocurrency Exchange By AlphaPoint
  15. South Carolina state authorities desist previously enforced regulations on blockchain implementation
  16. HTC and crypto currency: virtual currency in the smart phone market.
  17. Crypto currency: the strife of RBI continues.
  18. United Kingdom set to become the world leader in cryptocurrency industry
  19. Resuscitation of the crypto currency markets.
  20. Cobinhood crypto exchange announces exciting feature promoting crypto-to-fiat transaction
  21. WEX exchange and its spectacular technical goof ups.
  22. Digital currency can take over traditional currency by overcoming Finance sector obstacles
  23. Virtual Currency enters academics
  24. The newest Ripple (Pun intended).
  25. BIS chief makes the headlines by stating the negative impacts of cryptocurrency on economy
  26. India lagging in virtual currency as RBI wins the legal battle.
  27. Ibinex: So far so good.
South Carolina state authorities desist previously enforced regulations on blockchain implementation

It is not very often that those convicted are left off the hook after a while. One such case has taken place in the state of South Carolina lately. The securities department of the General Attorney of the State of South Carolina has removed the cease and desist order that it had given against the two startups which were using Blockchain technology. The aforementioned changes were made on July 266thof this year. There were several reasons for the regulation that was placed and why it was removed thereafter.

Today, the order that was removed was against ShipChain, the cease and desist order was placed against it for violating the standards of national security, that is, flouting the statutes of security in the country. This firm was accused of not adhering to the laws of security when it organized a private sale of its token. Another firm which was accused of illegal activities was Genesis Mining; it is a cloud mining firm which was held liable for selling of securities which were not licensed. Both the companies had made attempts to solve the case such that they might come out clean.

ShipChain had said that there was no way in which the company could have broken the security laws of the country. Since there were a lot of factors that it was unaware about. From the thirty million that was raised by the company, due to this private sale, the company had intended to solve several problems which had been ailing the sector since a long time. The problems had to do with the management as well as handling of the sector. Fifty billion dollars worth of cargo gets stolen every year. It was to combat these conditions that the sale was conducted in the market.

Genesis Company is a giant in the field of provision of cryptocurrency. The focus of this cloud mining services has been solely on Bitcoin for a long period of time. According to the sources, the farms where the mining takes place for the products are the largest consumers of electricity. A lot of electricity of Iceland is consumed in the process of manufacturing their goods. However, this is one company which holds a strong fort in the market and is thoroughly well reputed. The case against this company as well is refuted lately according to the sources in the market.

A similar incident is now happening in Switzerland, it is believed that the regulatory authorities in the country have put regulations against the firm Envision AG which is the crypto mining firm for conducting a sale of tokens which was believed to be unauthorized in nature. The fate of this firm is yet to be decided.

0 Comments

Leave a Comment

Archivies

Price Table

Name Price24H (%)
Bitcoin (BTC)
$6,410.33
0.78%
Ethereum (ETH)
$208.14
-1.75%
Bitcoin Cash (BCH)
$425.96
-2.4%
XRP (XRP)
$0.324690
-1.77%
Litecoin (LTC)
$53.90
-0.56%
Bitcoin Gold (BTG)
$20.90
0.42%
Bytecoin (BCN)
$0.001841
-1.82%
Bitcoin Diamond (BCD)
$1.75
-2.4%
Cardano (ADA)
$0.072161
4.03%
Wanchain (WAN)
$0.92
2.36%
Bitcoin Private (BTCP)
$2.96
-0.76%