Blockchain and cryptocurrency stalwart Brock Pierce has been instrumental in some of the highest profile projects in the cryptosphere.
The leading exchange by trading volumes has boosted the potential for direct cryptocurrency purchases.
Coinme Appoints Chief Marketing Officer Jonathan Maron
It is commendable for the SEC Chairman to have come out with a response to Rep. Budd’s inquiry about clarifying their stance on Ethereum and token classifications. It took a while (5 months) for the SEC to respond probably because they didn’t want to give these positive signals too early while they were pursuing other enforcement actions that were already underway. Begging the SEC for further clarity has been the industry’s crying signal for a while. In January I enumerated 28 questions that the SEC needed to answer. Coin Center is to be commended for helping Rep. Budd draft that letter. In my opinion Chairman’s Clayton’s response represents a turning point in how the SEC might view tokens in the future. It is a first step but a good one. They had been entrenched so deep against tokens as a utility for so long such that they could only dig themselves out of that narrow hole gradually and that was a very good first step. What are the implications that could be interpreted from this response letter? The SEC has indirectly implied they didn’t move fast enough to fine token offerings that were previously a security during issuance. As time went by tokens became in use and networks became operational and decentralized as intended. The end-result has made their case for finding (and fining) potential violators weaker and weaker. The SEC acknowledged that a token can change its characteristics over its lifetime and that’s a very important factor in accepting the novelty aspect surrounding the utilitarian role of tokens. They acknowledged that they are willing to react to and become more straight forward (or change their opinion) if prompted by a political force (the letter from Rep. Budd). [But it is interesting that industry calls for the same seemed to have fallen on deaf ears.] Did the SEC just blink? I think they did. And maybe with a wink too. They have no choice but to become more friendly and accepting of the innovative token-based models that entrepreneurs are eager to test the grounds for. I am hopeful that an SEC token clemency regime is just beginning.
Cryptocurrency and blockchain are exciting technologies with a lot of possible applications but they haven’t quite managed to capture the public’s imagination yet. If you ask the average person what they think about crypto they’ll probably either talk about Bitcoin’s wild price fluctuations or tell
Crypto-assets have drawn significant attention globally amid rising concerns over the risks surrounding transactions with these assets.
Zeux the FinTech which seeks to integrate several key financial services including payments banking and investment into one app have added Bitcoin SV to their payment portfolio.
The cryptocurrency market surged by $6 billion on Tuesday propelling litecoin to a new yearly high and launching bitcoin one step closer to a major hurdle it needs to cross before it can slay its historic bear market. As of the time of writing the cryptocurrency market had a total valuation of $132.3
Spectre.ai Utility Token can be purchased on the following cryptocurrency exchanges: IDEX Bibox and EtherDelta (ForkDelta). ...
However instability in the crypto-market and ... A security token entitles the owner to a share of the profits of a business ...
Synthetix a decentralized synthetic asset platform today has released a synthetic bitcoin on the Ethereum blockchain. This release allows Ethereum users to…
Synthetix a decentralized synthetic asset platform has launched a synthetic Bitcoin on the Ethereum blockchain known as synthetic Bitcoin (sBTC). This
Pressed to explain who is using them and why 99 percent of cryptocurrencies let out all their air go flying around the room making a raspberry sound hit the wall and fall behind the couch forever. The party is over. A few however can present a credible use case. “Tokenized securities” could b…
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