Author: Crypto Insider

The U.S. Securities and Exchange Commission (SEC) claimed settled charges against UK-based Coinschedule. The Coinschedule platform that reviewed upcoming initial coin offerings (ICOs) from 2016 to August 2019 was providing overviews of which ones were more or less fraud. According to the SEC’s July 14 order: “The platform claimed to ‘list’ or profile the ‘best’…

Parachains provide an original alternative to the current centralized internet infrastructure with its weaknesses. How does it works, explained by Alex Siman, founder of Subsocial, a Polkadot-based decentralized social network platform. The upcoming Ethereum London upgrade, along with the launch of Polkadot and Kusama’s parachains, has delivered a piece of good news to the crypto…

Some of the law firms that ferret out possible securities claims in search of fees and recovery for investors’ harm are increasingly being coldly received by federal courts. That is very good news for the crypto industry and investors who hold tokens in legitimate blockchain companies, thinks Marc Powers, an adjunct professor at Florida International…

Led by former professional poker players, the Ascensive Assets investment firm has raised a $130 million fund to focus on the decentralized finance (DeFi). That substantially exceeds Ascensive’s first fundraising of $24 million in 2019, backed by Polkaswap, Benqi, Yield Guild Games, and JennyDAO. By the words of Ascensive Assets partner Oliver Blakey, Investors in…

Built on Polkadot, Pontem Network, a decentralized application framework, has partnered with Pinknode service provider to develop an experimental test environment for Facebook’s Diem blockchain-based payment system. It will lay the groundwork for various applications to join Diem’s network, providing decentralized finance and other features to Facebook’s users. Diem Association, the rebranded Libra cryptocurrency project…

Wall Street investment bank Goldman Sachs has filed on July 26 an application with the United States Securities & Exchange Commission (SEC) for new decentralized finance (DeFi) and blockchain-based exchange-traded fund (ETF). According to the filing, the proposed fund, called the “Goldman Sachs Innovate DeFi and Blockchain Equity ETF,” seeks to provide investment results that…