Beijing’s Municipal Bureau of Finance chief, Huo Xuewen, has advised projects considering a security token offering as a means of fundraising, stating that security token offering (STO) fundraising is currently illegal in Beijing. At a…
G20 Agrees to Regulate Crypto, But is This…
The G20, an international forum for the governments and central bank governors from the world’s 20 largest economies, has decided to regulate the crypto sector. A declaration released by the forum read: “We will regulate…
Bitcoin Trader Drugged, Beaten, & Tortured in South…
A Bitcoin trader from Lanseria in South Africa narrowly escaped death after being drugged, beaten, and tortured by suspected kidnappers. Narrating his near-death experience in a report in local news outlet Soweto Urban, the man,…
Ethereum Giant ConsenSys Tightens Belt, Will Axe Underperforming…
Ethereum development studio ConsenSys, the New York-based blockchain startup, is restructuring as part of a move to streamline its business amid the crypto bear market. ConsenSys CEO Joseph Lubin, the co-founder of Ethereum, made the announcement…
Single Digits: Just 9 Crypto Networks Have $1…
According to the latest statistics, there are now fewer than 10 blockchains or crypto token networks worth much more than $1 billion. At time of writing, Cardano’s ADA token was struggling to retain three-comma status,…
Investment Funds Network to Migrate Entire System to…
Investment funds transaction network Calastone, a founding member of the Linux Foundation-led Hyperledger Project, is shifting its entire system to the blockchain. The firm, which assists its client sell their funds all over the world…
Worthless Bitcoin Has Entered Death Spiral: Finance Professor
Earlier this year, with the bitcoin price trading around $7,000, Santa Clara University Professor of Finance Atulya Sarin published an opinion piece arguing that the rising cost of crypto mining, coupled with the ability for…
Deutsche Money Laundering Scandal Shows Biased Crypto Narrative
Germany’s largest financial institution Deutsche Bank had its Frankfurt headquarters raided by the local authorities under the suspicion of money laundering. While crypto continues to be targeted by the press for the alleged usage of…
Federal Court Rules Case in Favor of Crypto…
Last week, the U.S. federal court ruled a case between the U.S. Securities and Exchange Commission (SEC) and a crypto initial coin offering (ICO) project called Blockvest in favor of the ICO project. Marco Santori,…









