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Global Bitcoin Price Average Hits $10,000 in Korea-Led Rally

The global average bitcoin price crossed the $10,000 threshold on Tuesday after Korean traders bid the flagship cryptocurrency up to double-digit premiums. Bitcoin Price Broaches $10,000 Well, that was certainly quick. Less than two days after reaching the $9,000 mark, the global average bitcoin price has pierced the five-figure barrier, rising …

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Cryptocurrency Exchange Reimburses Victims of Apparent ICO Scam, Confido

Cryptocurrency exchange KuCoin has announced that it will reimburse investors who used its platform to invest in the Confido initial coin offering (ICO). The Confido development team announced that the project has been shelved after raising $347,000 in an ICO, leading many to call the ICO a scam. KuCoin’s announcement is excerpted below: “So …

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“ICOs Are Absolutely Securities” Says Former SEC Boss Amid Crypto Boom

Joseph Grundfest, commissioner for the Securities and Exchange Commission (SEC), and now Stanford Law professor, says that Initial Coin Offerings are an almost comedic violation of securities law, and should absolutely be regulated immediately. He’s so convinced, in fact, that he has been contacting the current administration to pursue them. He said: …

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