Americans know how to invest and love doing it, but due to the subtleties of U.S. law, they cannot take part in the vast majority of ICOs. They do so only if the proposed token is registered with the Securities and Exchange Commission, and any investment in it will not contradict the wording of the law. But who wants to mess with the official bureaucratic machine? We tried to figure out whether the procedure of registering a token in the SEC is so terrible and found five reasons why it should be done.
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Five Reasons to Be Friends with the SEC
It is best to be friends with the worldwide regulator and the reasons why are numerous.
“The ICO market is dead,” said Barry Silbert, head of the Digital Currency Group. Most members of the crypto community agree with an opinion that the initial coin offerings are no longer in demand. According to research by the analytical agency ICORating, crypto startups have begun to practice a new method of collecting money, the STO, which stands for Security Token Offering and means placing security tokens on the exchange.
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decenter.org
ICOs Are out of Fashion: The New Trend Is STOs
The STO is coming to replace the ICO, but there are ambiguities.
📨 #DeCenterDaily
🇮🇷 CoinDesk has interviewed one of the Iranian citizens whose Bitcoin address was recently blacklisted by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC).
via CoinDesk
🇺🇸 The elimination of initial coin offering (ICO) fraud can be reached only through international cooperation, co-director of the U.S. Securities and Exchange Commission’s enforcement division said.
via ccn
🇨🇭 Switzerland’s Financial Market Supervisory Authority (Finma) has allowed cryptocurrency businesses to handle up to USD 100 million in public deposits.
via Bitcoin.com
📧 Founder and CEO of ConsenSys Joseph Lubin sent a letter to employees, outlining a new phase in the company’s work.
via The Block
💵 Overstock subsidiary Medici Ventures is investing in an agricultural blockchain business that aims to store grain transactions on a distributed ledger.
via Cointelegraph
🇮🇷 CoinDesk has interviewed one of the Iranian citizens whose Bitcoin address was recently blacklisted by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC).
via CoinDesk
🇺🇸 The elimination of initial coin offering (ICO) fraud can be reached only through international cooperation, co-director of the U.S. Securities and Exchange Commission’s enforcement division said.
via ccn
🇨🇭 Switzerland’s Financial Market Supervisory Authority (Finma) has allowed cryptocurrency businesses to handle up to USD 100 million in public deposits.
via Bitcoin.com
📧 Founder and CEO of ConsenSys Joseph Lubin sent a letter to employees, outlining a new phase in the company’s work.
via The Block
💵 Overstock subsidiary Medici Ventures is investing in an agricultural blockchain business that aims to store grain transactions on a distributed ledger.
via Cointelegraph
Crypto lawyer Jake Chervinsky spoke with Bitcoin Magazine to hash out what the U.S. Securities and Exchange Commission’s recent enforcement against initial coin offerings and related services means for the crypto industry going forward, and what the term “guidance by enforcement” encompasses.
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Read Now »
Bitcoin Magazine
“Guidance by Enforcement”: How the SEC Is Slowly Shaping ICO Regulation
Many ICOs have attempted to evade the SEC’s scrutiny by self-labeling their products as utility tokens. So far, the SEC doesn't seem to be buying the distinction.
Cryptocurrency exchange Poloniex has introduced trading services for institutional customers. This month, the platform will be charging no fees for BTCUSDC trades. The company has also set a minimum order size of $250,000 for clients willing to participate in OTC (over-the-counter) trading.
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CoinDesk
Crypto Exchange Poloniex Launches Institutional Trading Services
Poloniex announced it was opening institutional trading accounts as of Tuesday.
A graphical representation of J.P. Morgan employees who have left Wall Street for the crypto world.
Source: https://goo.gl/w9Q1gR
Source: https://goo.gl/w9Q1gR
According to a recent Kaspersky Labs study, the number of users affected by hidden mining is only growing. Perhaps the reason for this is the “new generation” of botnets that specialize in mining cryptocurrencies. What are the weaknesses of security systems used by malicious bots, and the inhabitants of which countries are most vulnerable to their attacks?
Learn Now! »
Learn Now! »
decenter.org
What Botnets Are and Who They Are Pretending to Be in the Crypto Space
Botnets are infesting the Internet, but not all of them are bad.
When winning a race, in 51% of cases, the participant wins in most outcomes. This applies to both gambling and investing in the stock or cryptocurrency market. Only there is one “but”: the frequency of correct hits does not matter, but only the magnitude of the gains with the right hit matters. This effect is named after the baseball legend of the 20’s George “Babe” Herman Ruth, Jr. The famous baseball player, despite a large number of outs, remained one of the best hitters in the history of baseball. How exactly is this fact related to investing?
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decenter.org
The Babe Ruth Effect in the Crypto Economy
Sometimes, all that matters is not the number of successful hits, but the yield.
📨 #DeCenterDaily
🇪🇺 Seven southern E.U. member-states have signed a declaration to endorse the use of the blockchain technology.
via Modern Consensus
💵 Bitwise Asset Management is set to launch two new cryptocurrency funds, supposedly aiming to outperform its rival—Grayscale—which is one of the largest and earliest investors in the market.
via The Block
📈 A recent study conducted by researchers from Imperial College London reveals that pump-and-dump schemes account for about $7 million of monthly cryptocurrency trading volume.
via MIT Technology Review
🌎 R3’s Corda Settler application will initially support XRP in a move coming after a year-long lawsuit between the two companies that was settled back in September this year.
via CoinDesk
⌨️ Coinbase, one of the largest U.S.-based exchanges, now supports trading in privacy-focused Zcash (ZEC) cryptocurrency.
via ccn
🇪🇺 Seven southern E.U. member-states have signed a declaration to endorse the use of the blockchain technology.
via Modern Consensus
💵 Bitwise Asset Management is set to launch two new cryptocurrency funds, supposedly aiming to outperform its rival—Grayscale—which is one of the largest and earliest investors in the market.
via The Block
📈 A recent study conducted by researchers from Imperial College London reveals that pump-and-dump schemes account for about $7 million of monthly cryptocurrency trading volume.
via MIT Technology Review
🌎 R3’s Corda Settler application will initially support XRP in a move coming after a year-long lawsuit between the two companies that was settled back in September this year.
via CoinDesk
⌨️ Coinbase, one of the largest U.S.-based exchanges, now supports trading in privacy-focused Zcash (ZEC) cryptocurrency.
via ccn
In an interview with Decrypt Media, Victor Santos—CEO of the AirFox blockchain startup that was recently fined by the U.S. Securities and Exchange Commission (SEC) for not having registered its initial coin offering as a security—discussed what impact the settlement might have on the future of the industry.
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Read Now »
Decrypt Media
Exclusive: Airfox CEO says ICO regulations still unclear after SEC settlement
We spoke to the CEO of Airfox on regulatory clarity and the future of ICOs after his company's landmark settlement with the SEC.
Together with the Financial Services Regulatory Authority (FSRA) and KPMG, Abu Dhabi Global Market (ADGM) successfully finished trialing a blockchain-powered know-your-customer (KYC) application.
The test showed that the KYC procedure could be “radically simplified” if using the distributed ledger technology.
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The test showed that the KYC procedure could be “radically simplified” if using the distributed ledger technology.
Read More »
Cointelegraph
Abu Dhabi Global Market Concludes First Phase of Blockchain-Based KYC Project
Abu Dhabi Global Market, an international financial free zone within the capital of the United Arab Emirates, has concluded the first phase of its blockchain-based KYC project.
Commerzbank, ING, Natixis, and Rabobank have conducted a live commercial paper transaction on the Euro Debt Solution application, which runs on the Corda platform developed by R3.
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CoinDesk
4 Banks Complete €100K Commercial Paper Transaction on R3’s Corda
Four European banks, including Commerzbank and ING, have settled a live commercial paper transaction worth €100,000 on R3's Corda blockchain.
The current state of the market, which has already been dubbed the “crypto winter,” causes a considerable number of investors to have two questions: “Who is to blame?” and “What to do?” Another interesting question is related to the role that the news outlets have played in the recent digital assets market decline.
Learn More Now! »
Learn More Now! »
decenter.org
Who Betrayed Bitcoin, or Where Is Its PR?
Bitcoin is rolling downhill thanks to the hypocrisy of the media.
The world’s second-largest stock exchange will launch its own Bitcoin futures in the first half of 2019, said vice president of Nasdaq’s media team Joseph Christinat, noting that at this stage, the exchange is awaiting the decision of the Commodity Futures Trading Commission (CFTC). According to Christinat, CFTC has no reason to deny Nasdaq listing of derivatives for Bitcoin since the new exchange product meets all the requirements of the regulator. What are the critical differences between Nasdaq contracts and those offered by CME and CBOE, and how will they affect the digital assets market?
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decenter.org
Nasdaq Bitcoin Futures: How Will a New Derivative Affect the Crypto Market?
Nasdaq Bitcoin futures are coming and bringing solutions and questions along.
📨 #DeCenterDaily
🗓 The U.S. Securities and Exchange Commission (SEC) has again postponed the decision deadline for a Bitcoin ETF proposed by VanEck and SolidX.
via SEC
💵 Morgan Creek Digital wants to bet $1 million that digital assets will outperform the S&P 500 during the next ten years.
via CNBC
🏦 Grayscale holds over 1% of Bitcoin’s circulating supply in its Bitcoin Investment Trust (GBTC).
via Diar
🇺🇸 The U.S. Department of Homeland Security (DHS) is offering $800,000 grants to anti-forgery blockchain startups.
via CoinDesk
🇨🇱 State-owned Bancoestado was justified in closing the accounts of cryptocurrency exchange Orionx, as per the Supreme Court of Chile ruling.
via Cointelegraph
🗓 The U.S. Securities and Exchange Commission (SEC) has again postponed the decision deadline for a Bitcoin ETF proposed by VanEck and SolidX.
via SEC
💵 Morgan Creek Digital wants to bet $1 million that digital assets will outperform the S&P 500 during the next ten years.
via CNBC
🏦 Grayscale holds over 1% of Bitcoin’s circulating supply in its Bitcoin Investment Trust (GBTC).
via Diar
🇺🇸 The U.S. Department of Homeland Security (DHS) is offering $800,000 grants to anti-forgery blockchain startups.
via CoinDesk
🇨🇱 State-owned Bancoestado was justified in closing the accounts of cryptocurrency exchange Orionx, as per the Supreme Court of Chile ruling.
via Cointelegraph
A brilliant thread on the current cryptocurrency market situation by What Bitcoin Did Podcast’s host Peter McCormack.
Read now: https://goo.gl/1Bgfpm
Read now: https://goo.gl/1Bgfpm
A podcast with Gabor Gurbacs, Director of Digital Assets Strategy at VanEck/MVIS, on:
• The VanEck ETF application
• Why manipulation is not unique to Bitcoin
• The high bar for Bitcoin ETFs with the SEC
Continue to Episode »
• The VanEck ETF application
• Why manipulation is not unique to Bitcoin
• The high bar for Bitcoin ETFs with the SEC
Continue to Episode »
What Bitcoin Did
VanEck's Gabor Gurbacs on Bringing a Bitcoin ETF to Market — What Bitcoin Did
In this episode, I talk with Gabor Gurbacs, Director, Digital Assets Strategy at VanEck/MVIS. We discuss the VanEck application, why market manipulation is not unique to Bitcoin and the unfair standards by which the SEC treats Bitcoin.
An article on the ongoing XRP security debate. The question is: Could Ripple’s native digital token qualify as a security based on what company’s executives have said publicly in the past?
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The Block
Do Ripple executives’ statements imply that XRP is a security?
In the slow dance between the SEC and cryptocurrencies, nothing has garnered more interest – or more confusion – than a single question: “Is this token a security?” Due to recent SEC enforcement and comments, the conditions required to answer that question…
Most banks traditionally are giving cryptocurrencies a wide berth, preferring the motto “To blockchain yes; to cryptocurrency, no.” “It’s extremely challenging. The legalized cannabis industry are having a much easier time than our cryptocurrency clients,” said Joe Ciccolo, president of the BitAML compliance service provider. But while many giants have “matured” only for the introduction of blockchain platforms, some players are not afraid to declare gentle relationships with crypto projects.
Learn More »
Learn More »
decenter.org
Banks Are Starting to Fall in Love with Cryptos
Banks are slowly but surely accepting cryptos into their embrace.
With the onset of the calendar winter in the cryptocurrency industry, its own cold season has come. The “Crypto Winter” came gradually, and, it turns out, there are guilty ones in this phenomenon. The cryptocurrency rate, despite many positive predictions of experts, like the street thermometer, started showing declining trends. Who spurred the decline in the price of digital assets and how to survive the negative indicators?
Read More »
Read More »
decenter.org
Winter Is Here, but the Bears Are Not Sleeping: The Crypto Frost Has Come, and It Is Time to Warm Up
The crypto market is experiencing a harsh winter, and everyone is living through it in their own way.
📨 #DeCenterDaily
🌎 The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is developing a new service in an attempt to win over customers amid fierce competition with blockchain solutions.
via ccn
🇰🇷 A South Korean blockchain startup is aiming to file a constitutional appeal against the government’s ban on initial coin offerings.
via Cointelegraph
💠 Agreed: Ethereum network’s Constantinople hard fork will be activated on block 7,080,000.
via CoinDesk
⛓ Cryptocurrency exchange Gemini announced support for Bitcoin Cash (Bitcoin ABC network) custody and trading.
via Gemini
📲 Cryptocurrency exchange Coinbase announced the addition of Civic (CVC), district0x (DNT), Loom Network (LOOM), and Decentraland (MANA) to its Coinbase Pro platform.
via Coinbase
🌎 The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is developing a new service in an attempt to win over customers amid fierce competition with blockchain solutions.
via ccn
🇰🇷 A South Korean blockchain startup is aiming to file a constitutional appeal against the government’s ban on initial coin offerings.
via Cointelegraph
💠 Agreed: Ethereum network’s Constantinople hard fork will be activated on block 7,080,000.
via CoinDesk
⛓ Cryptocurrency exchange Gemini announced support for Bitcoin Cash (Bitcoin ABC network) custody and trading.
via Gemini
📲 Cryptocurrency exchange Coinbase announced the addition of Civic (CVC), district0x (DNT), Loom Network (LOOM), and Decentraland (MANA) to its Coinbase Pro platform.
via Coinbase