Track the latest developments in the regulatory landscape.
Texas State Security Board Goes After Cryptocurrency Scams
The Texas State Security Board (SSB) issued 16 orders against cryptocurrency scam investments from 2018, after announcing in April of last year that they were investigating over 30 crypto schemes. The SSB continues to foster strong relationships with law enforcement to track down those involved in the projects identified as being fraudulent. (Coin Telegraph)
Secretive Project from Telegram Crypto Raises $1.7B
The long-awaited secretive project from Telegram Crypto is nearly here after raising $1.7B, as an investor update released this week indicated that the platform is 90% complete. The platform is set to rival the Ethereum smart contract platform, processing computations in the same manner. (CCN)
Ripple Adds More Universities to its Blockchain Research Initiative
Ripple continues to add universities to its Blockchain Research Initiative, announcing on Thursday the addition of Carnegie Mellon, Cornell, Duke, Georgetown, Morgan State, University of Kansas, University of Michigan, Northeastern University, the National University of Singapore and the University of Sao Paulo. The program is designed to expand and diversify the use of blockchain technology by preparing the next generation of tech to apply the resourceful technology. (Forbes)
Bakkt Reports Q4 Profits Over $1.3B
Bakkt parent company International Exchange reported Q4 profits of over $1.3B, with the imminent launch of Bakkt expected to drive profits even higher in the upcoming months. (Conference call transcript provided by The Motley Fool)
As Security Token Market Grows, Do We Need a More Nuanced Vocabulary?
As the security token market grows, do we need more nuanced vocabulary? Here at CrowdCrypto, we’ve taken to calling these investment devices “digital assets” or “digital securities”, but Andrew Hinkes, general counsel of Athena Blockchain, breaks it down even further as the industry matures. (Coindesk)
FrontFundr Implores Canada: Open the Playing Field for Regulated Crowdfunding
FrontFundr, the leading equity crowdfunding site in Canada, is imploring Canadian regulators to open the playing field for regulated crowdfunding. In an open letter penned by Peter-Paul Van Hoeken, CEO of FrontFundr, the firm chastises regulators for failing to grow this industry and encourages what they believe is an easy fix to jump start growth. (Crowdfund Insider)