Investorideas.com
Search  Follow Investorideas on Twitter  Investorideas is on Facebook  Investorideas is on Google Plus  Investorideas is on Youtube  Investorideas is on Pinterest  Investorideas is on tumblr  Investorideas is on LinkedIn  Investorideas RSS 


Investorideas podcasts on iTunes, Google Play Music and iHeart.com    Bitcoin and Blockchain Stocks    Play by Play – the latest sports headlines and sports stock news

 

Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner

Crypto Corner: FSA and SEC crackdowns and Bitcoin drops

 

Point Roberts, WA and Delta, BC - March 8, 2018 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news reports on what’s driving the cryptocurrency markets with today’s edition of Crypto Corner.

Crypto Corner - March 8, 2018

By Samuel Mowers at Investorideas.com

FSA and SEC crackdowns and Bitcoin drops

Japan's Financial Services Agency (FSA) has sent "punishment notices to several cryptocurrency exchanges, and forced others to halt business", according to a report today from CNBC.

The FSA hit two exchanges, FSHO and Bit Station, with month-long business suspensions. This came after the FSA discovered that a senior employee at Bit Station had "diverted customer bitcoins for personal use" according to a report from Nikkei.

The FSA gave business improvement orders to Coincheck, which lost $530 million in digital money back in January, Tech Bureau, GMO Coin, Bicrements and Mr. Exchange.

Though inspections are not yet complete, so far the FSA is concerned about exchanges internal security inadequacies and system faults that could lead to another January-style hack.

In the U.S., the Securities and Exchange Commission (SEC), released a statement yesterday cracking down on exchanges listing ICO tokens that are not SEC-registered.

If a platform offers trading of digital assets that are securities and operates as an "exchange," as defined by the federal securities laws, then the platform must register with the SEC as a national securities exchange or be exempt from registration.

Aaron Kaplan, co-founder and COO of Prometheum, assessed the statement:

"ICOs have essentially been declared securities and the SEC has made it clear that those facilitating trading of ICOs must either be registered as a national securities exchange or alternative trading system. This is just part of the process of the SEC forcing the the ICO industry to mature and comply with the Federal Securities Laws."

Bitcoin (BTC) dropped over $1100 USD yesterday getting as low as $9400 USD at one point in the space of 10 hours. This is being attributed variously to the FSA penalizing exchanges, a considerable bitcoin sell-off from a Mt. Gox trustee and now-refuted hack rumours at Binance. The market began to recover, however, after the Binance team refuted the rumours, and company CEO Changpeng Zhao released a statement on the situation.

Get the Crypto Corner News by email Get Crypto Corner News

Crypto Corner Sponsors:

Investorideas.com - NXT-ID Inc. (NASDAQ: NXTD) Subsidiary Fit Pay Flip<sup>TM</sup>

Flip™ is the creation of Fit Pay, Inc., a leading provider of cutting edge payment technology and a subsidiary of NXT-ID (NASDAQ: NXTD). By leveraging the FitPay Payment Platform™, Flip enables cryptocurrency holders to seamlessly exchange their cryptocurrency for US dollars and store that value on a contactless payment device that can be used to make purchases at millions of retail locations. https://www.fliptopay.com/

Preorder Flip

Investorideas.com featured blockchain and technology company - GoverMedia Plus Canada Corp. (CSE: MPLS)

Blockchain and Crypto Stock GoverMedia Plus Canada Corp. (CSE: MPLS). is a Canadian holding company with a fully-owned Russian technology subsidiary. GoverMedia has developed a fully operational state of the art internet platform offering all-inclusive online services such as, e-commerce, social media, multimedia, corporate auctions, corporate database, messaging platform and crowdfunding services. We believe the GoverMedia platform is the first and only internet platform offering such a wide range of online services accessible via only one account. The Company's management and advisors have extensive expertise in the Telecommunications, High-Technology, Corporate Development and Finance fields. www.gm.plus and www.govermedia.plus.


Investorideas.com is a leader in Blockchain content with its Bitcoin and Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com

View our growing Bitcoin, Blockchain and Digital Currency Stocks Directory

Join our LinkedIn Group Blockchain and Digital Currency Stocks and ICO's - Latest News and Commentary https://www.linkedin.com/groups/13560073



Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp. Disclosure:  this newsletter is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip and   GoverMedia Plus Canada Corp. (CSE: MPLS). More info: http://www.investorideas.com/About/News/Clientspecifics.asp

Cryptocurrency Disclaimer

Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

Contact Investorideas.com  

800-665-0411