Enigma Fined by SEC, Ordered to Pay Back Investors – February 20

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $9,619

Bitcoin’s price rally yesterday was short-lived, promptly crashing today back into the mid-9,000 dollar range.

Top-20 altcoins have performed even worse, as Ethereum and XRP both dropped over 7% each. EOS was the bggest loser of the day, falling over 11%.

Top Stories for February 20, 2020 πŸ”₯

πŸ‘‰ Enigma Fined by SEC, Ordered to Pay Back Investors

Cryptocurrency project Enigma has been fined $500,000 by the SEC for selling unregistered securities, and has forced the project to return ICO funds to harmed investors.

Enigma, a privacy-focused project, will now need to register its tokens as securities, and file regular reports with the SEC.

πŸ‘‰ German Bank to Tokenize Securities on Stellar Blockchain

Bank von der Heydt, a German bank, has partnered with a blockchain finance company to introduce tokenization into its securitization platform.

The move will enable Bank von der Heydt to issue securities on the Stellar blockchain, and sell them to institutional investors.

A euro-based stablecoin will also be issued by the bank, which will be used for purchasing the tokenized equity.

πŸ‘‰ Coinbase Working on Visa Debit Card for Crypto

Coinbase has become a Visa Principal Member, to issue its Coinbase debit card – a Visa debit card which uses Coinbase account balances.

The card is already available in the UK and other European countries, and is compatible with any Visa terminal or ATM machine.