How to distinguish a security token and a utility token?
Security token is just security. “Under SEC guidelines, if you make an investment, and something you expect to get a profit, and your investment is pooled with others’ in a common project, and you are not actively involved in managing that project, it’s a security.”
“A utility token distinguishes from a security token, which must be registered, by saying that it has a utility feature to it. Typically these tokens carry with them many of the property characteristics of the securities token.”
“Maybe there is a token out there, that is truly different than a security. But the chairman of SEC, said every ICO I have seen is security. ”
“We all know that Bitcoin couldn’t be a security because there was never an offering, there was never a point of time somebody said “I give you some bitcoin, you give me some money”, there was never a sale of any bitcoin to investors buy a developer for money. Bitcoin can’t be a security, but it did happen for Ethereum. Ethereum could be treated as a security. So SEC until recently was investigating is Ethereum a security. If it were security, the consequences would be catastrophic. For example, the SEC could have frozen all Ethers, you can’t transfer Ether anymore.”https://youtu.be/fj1Wpfs59T4
Security token is just security. “Under SEC guidelines, if you make an investment, and something you expect to get a profit, and your investment is pooled with others’ in a common project, and you are not actively involved in managing that project, it’s a security.”
“A utility token distinguishes from a security token, which must be registered, by saying that it has a utility feature to it. Typically these tokens carry with them many of the property characteristics of the securities token.”
“Maybe there is a token out there, that is truly different than a security. But the chairman of SEC, said every ICO I have seen is security. ”
“We all know that Bitcoin couldn’t be a security because there was never an offering, there was never a point of time somebody said “I give you some bitcoin, you give me some money”, there was never a sale of any bitcoin to investors buy a developer for money. Bitcoin can’t be a security, but it did happen for Ethereum. Ethereum could be treated as a security. So SEC until recently was investigating is Ethereum a security. If it were security, the consequences would be catastrophic. For example, the SEC could have frozen all Ethers, you can’t transfer Ether anymore.”https://youtu.be/fj1Wpfs59T4
YouTube
How to Distinguish a Security Token and a Utility Token?
Gary J. Aguirre, security attorney and former investigator with the United States Securities and Exchange Commission (SEC), shared more information about SEC...
Some Traders Are Talking Up Cryptocurrencies, Then Dumping Them, Costing Others Millions
https://www.wsj.com/graphics/cryptocurrency-schemes-generate-big-coin/?mod=e2tw
https://www.wsj.com/graphics/cryptocurrency-schemes-generate-big-coin/?mod=e2tw
WSJ
Some Traders Are Talking Up Cryptocurrencies, Then Dumping Them, Costing Others Millions
‘Pump groups’ fuel millions in trading activity, with price rises followed by quick falls
Recently same *pump and dump* technic being used with Bitcoin
https://twitter.com/ProofofResearch/status/1027006907633020928?s=19
https://twitter.com/ProofofResearch/status/1027006907633020928?s=19
Twitter
Crypto Analysis
#Bitcoin $BTC is being pumped and dumped. Simple as that. $5.8k to $8.2k. $8.2k to $6.6k
Bitcoin Cash has grown by 250% in a year in the falling market
The most successful fork of the first cryptocurrency - Bitcoin Cash - increased the rate in the falling market after a year of existence by 250 and 2.8 times outperformed Bitcoin in the number of transactions. Roger Ver, the Bitcoin Cash development investor, said that on August 1 - BCH's birthday - the number of transfers in the hard-fork network exceeded 780,000. At the same time, the commission for BCH transfers remains lower than in the Bitcoin network.
Bitcoin Cash appeared on the initiative of a group of developers who were in favor of increasing the block size in the Bitcoin network. August 1, 2017, the coin rate was $ 284, August 2 - $ 433, after a year - $ 696.75.
Roger Ver and his followers call the coin "true bitcoin," because BCH fully corresponds to the philosophy of the first cryptocurrency. Other Bitcoin forks, which are many, did not become and 10% as successful as Bitcoin Cash. The capitalization of this cryptocurrency is $ 11.967 733 474 billion.
The most successful fork of the first cryptocurrency - Bitcoin Cash - increased the rate in the falling market after a year of existence by 250 and 2.8 times outperformed Bitcoin in the number of transactions. Roger Ver, the Bitcoin Cash development investor, said that on August 1 - BCH's birthday - the number of transfers in the hard-fork network exceeded 780,000. At the same time, the commission for BCH transfers remains lower than in the Bitcoin network.
Bitcoin Cash appeared on the initiative of a group of developers who were in favor of increasing the block size in the Bitcoin network. August 1, 2017, the coin rate was $ 284, August 2 - $ 433, after a year - $ 696.75.
Roger Ver and his followers call the coin "true bitcoin," because BCH fully corresponds to the philosophy of the first cryptocurrency. Other Bitcoin forks, which are many, did not become and 10% as successful as Bitcoin Cash. The capitalization of this cryptocurrency is $ 11.967 733 474 billion.
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