Hodler’s Digest, Dec 10-16: Top Stories, Price Movements, Quotes and FUD of the week

Top Stories This Week CEO of Defunct Mt. Gox Exchanges Faces Ten Year Jail Sentence Over Embezzlement Mark Karpeles, the former CEO of now-defunct Japanese Bitcoin exchange Mt. Gox, could be facing a ten-year jail sentence over charges of embezzlement.…

US SEC Chairman Jay Clayton: ICOs Can Be Effective, But ‘Securities Laws Must Be Followed’

United States Securities and Exchange Commission (SEC) Chairman Jay Clayton has said that Initial Coin Offerings (ICOs) “can be effective” but that “securities law must be followed.” Clayton spoke on the subject during a speech about the SEC’s activity this…

US Commodities Regulator CFTC Issues Smart Contracts Primer, Outlines Benefits and Risks

The U.S. Commodity Futures Trading Commission (CFTC)’s fintech innovation hub LabCFTC has issued a Primer on Smart Contracts, according to an official announcement Nov. 27. The primer is LabCFTC’s second fintech-educational publication, the first being its October 2017 primer on…

Taiwan is Tightening Regulations on Crypto Exchanges, Possible Pressure From China?

On November 2, Taiwan officially tightened anti-money laundering (AML) policies targeted at crypto exchanges, requesting exchanges to monitor and prevent any illegal transaction processed using digital assets. According to the newly drafted Money Laundering Control Act and Terrorism Financing Prevention…

‘The Big Issue’ Newspaper Launches Blockchain Platform to Promote Impact Investing

The Big Issue, a street newspaper sold by the homeless in the U.K. and other countries, is launching a blockchain-driven platform to promote impact investing, The Financial Times reports Monday, Nov. 18. Three investment companies — UK Standard Life Aberdeen,…

$5 Trln FX Settlement Giant CLS to Launch Blockchain-Based Netting Service ‘Within Days’

Forex exchange (FX) settlement giant CLS will launch its IBM blockchain-powered netting service within “a matter of days,” according to Chief Strategy Officer (CSO) Alan Manquard. The CSO made the announcement at the IBM Think Tank conference in London Nov.…

Two Pro-Crypto Candidates Score Wins in US Midterm Gubernatorial Elections

Two pro-cryptocurrency candidates have won seats to become governors of the U.S. states of California and Colorado in the country’s midterm gubernatorial elections, fintech news outlet TrustNodes reports Nov. 7. In the California race, Democrat contender Gavin Newsom sealed 59…