The 2018 crypto winter wiped 80% of the total aggregate market cap, and since then, more than 2,000 cryptocurrencies have collapsed, analyst firm ABI Research said.
The Securities and Exchange Commission has warned the public against individuals and groups engaged in unauthorized activities such as investment-taking in the guise of cryptocurrency trading and online selling.
The Securities and Exchange Commission (SEC) has issued another warning against Bitcoin Revolution, which presents itself as a cryptocurrency trading program purportedly endorsed by government officials, businessmen, and celebrities.
The Department of Finance (DOF) has warned the public against false information that DOF secretary Carlos Dominguez III is promoting a cryptocurrency auto-trading program called Bitcoin Revolution.
Crypro-currency firm Won Project made the decision to shut down after the SEC advised the public to stop purchasing the company’s Woncoin or investing on any of its schemes, effectively tagging its operations as unauthorized.
In separate advisories dated April 7, the SEC warned the public against investing in Cryptec, CryptoPeso, V2R Trades, Lao Razon Trading and/or Lao Razon Marketing, and Sakto Online Advertising.
The SEC has ordered Singapore-headquartered Payasian Corporation to stop enticing the public to invest supposedly in a cryptocurrency called Paya without the necessary license.
Raul Lambino, the administrator of the Cagayan Economic Zone Authority (CEZA), is under fire after Manila Times columnist Ramon Tulfo revealed on Thursday, Feb. 20, a government intelligence report detailing the corrupt practices of top ecozone officials against Chinese firms involved in online gambling and crypto-currency.
The Philippine fintech industry is currently growing at an unprecedented pace with another local player, Zybi Tech, launching on Monday, July 22, its own digital products JuanCash and JuanExchange
An all-Filipino executive team from a Hong Kong-based crypto-currency company has conducted what it said is the first IEO (initial exchange offering) for a Filipino crypto-token.
