SEC Lawsuit Against Real Estate Crowdfunding Platform iFunding Alleges Fraud Scheme to Misappropriate Investor Funds

The Securities and Exchange Commission (SEC) has filed a complaint against real estate crowdfunding platform iFunding, along with co-founders William Skelley and Sohin Shaw. The complaint alleges that Skelley and Shaw pursued a “fraudulent scheme to misappropriate investor funds.” CI Senior Contributor and securities attorney… Read More The post SEC Lawsuit Against Real Estate Crowdfunding … Read more

SBI Ripple is Officially a Licensed Payments Agent, Will it Boost XRP Adoption?

Over the past year, SBI Ripple Asia has brought in 61 Japanese banks to its consortium representing 80 percent of Japan’s total assets. In the upcoming months, the consortium could begin to utilize the Ripple network to process cross-border payments. On September 26, SBI Ripple Asia successfully registered with the Kantou Bureau of Japan’s Ministry … Read more

Breaking: Circle Internet Financial Launches Stablecoin ‘USD Coin’

Circle is introducing a stablecoin dubbed the “USD Coin,” with a consortium called Centre serving as the platform. Circle Internet Financial Ltd. is launching a USD-backed digital token dubbed the “USD Coin,” Circle’s blog reports Wednesday, September 26. A consortium called Centre — which includes Bitmain Technologies Ltd. among its members — will act as … Read more

Surveys: 1 in 4 Millennials Want to Invest in Crypto, 3% of China Already Has

In recent cryptocurrency surveys, a poll of 100,000 Chinese citizens has found that 3% have invested in cryptocurrencies, and a survey conducted by Circle has found that a quarter of millennials would like to invest in crypto assets in the next 12 months. In addition, a survey by UK-based Rathbone Investment Management has found that … Read more

ICE’s Bakkt Reveals First Crypto Product as Physical Bitcoin Futures

ICE’s Bakkt platform will begin its operations with physical Bitcoin futures, the company has said on social media. Intercontinental Exchange (ICE) confirmed its Bakkt cryptocurrency platform’s first offering will take the form of physical Bitcoin futures. ICE, which also operates the New York Stock Exchange (NYSE) released new details Tuesday, September 25. Bakkt, which ICE … Read more

Breaking: Google to Reverse Crypto Ad Ban for Exchanges Advertising in US, Japan

In an official announcement Tuesday, Google said that it will allow registered crypto exchanges to advertise in the U.S. and Japan. The U.S. tech giant Google is set to update its ad policy in October, reallowing some crypto businesses to advertise on its platform. The company announced this in an official post Tuesday, September 25. … Read more