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ICOs

ICOs Are ‘Effective Way’ to Raise Capital If Rules Are Followed: SEC Chairman

ICOs Are ‘Effective Way’ to Raise Capital If Rules Are Followed: SEC Chairman

ICOs, News
Jay Clayton, chairman of the U.S. Securities and Exchange Commission (SEC), has spoken of the advantages of initial coin offerings (ICOs) as a way to raise capital – with a significant caveat. In a speech last week, focused on reviewing the SEC’s progress in 2018 and discussing the agenda for 2019, Clayton said “I believe that ICOs can be effective ways for entrepreneurs and others to raise capital.” However, he added that securities rules must be adhered to where appropriate. “The novel technological nature of an ICO does not change the fundamental point that, when a security is being offered, our securities laws must be followed,” he said. The chairman further said that the SEC and its staff “have spent a significant amount of time” focusing on blockchain and cypto assets
Conflict of Interest and Insider Trading Accusations Taint Ox (ZRX) CoinBase Listing

Conflict of Interest and Insider Trading Accusations Taint Ox (ZRX) CoinBase Listing

ICOs, News
If anything, CoinBase is a conservative exchange and has been for years now. We can judge this from the number of coins that the exchange support. All of them are mineable and with the exception of Bitcoin Cash, a fork from Bitcoin, these networks have been around for years. Furthermore, even though ideal decentralization is not possible, at least the US SEC considers Bitcoin a utility because of the level of node distribution and the lack of a third party that wields enough power to influence price. Therefore, the sudden addition of ZRX token is a move away from the prudence CoinBase is known for. Though nothing can be taken away from the Ox Protocol and what they intend to solve, the community is critical of shifty CoinBase rules which tend to change every time it supports a ne
UAE Commodities Authority Approves ICOs in a Bid to Revamp Capital Markets

UAE Commodities Authority Approves ICOs in a Bid to Revamp Capital Markets

ICOs
The United Arab Emirates (UAE) is joining the league of countries that have embraced Initial Coin Offerings (ICOs) as a way of raising capital according to a report by Reuters on October 8, 2018. The planned listing of ICOs in 2019 comes after the Emirates Securities & Commodities Authority categorized ICOs as securities. Strong Regulatory Framework Government-backed regulations will guide the entire listing process.  This is very important because ICOs the world over have been plagued with accusations and counter-accusations of fraud and money laundering Obaid Saif al-Zaabi, CEO of Securities and Commodities Authority (UAE),  told in a seminar: “The board of the Emirates Securities & Commodities Authority has approved considering ICOs as securities. As per our plan, we shoul
Gemini dollars: The most promising thing to happen to crypto in months

Gemini dollars: The most promising thing to happen to crypto in months

ICOs
Earlier this week, the Winklevoss twins announced a new currency built on the Ethereum blockchain that can be used for low cost cross-border transactions, all backed by the U.S. dollar. To date the Winklevoss twins have made the news for their efforts to bring cryptocurrencies into the mainstream. The twins, who founded Gemini, one of the United States’ largest cryptocurrency exchanges, have dubbed the new currency Gemini dollars, known by the symbol “GUSD.” Gemini has said each GUSD will be FDIC insured, federally audited, and entirely backed on a 1:1 basis by U.S. dollars. In other words, it’s a “stablecoin.” The new currency will be competing with the most well-known stablecoin to date, Tether, known by the symbol “USDT.” Stablecoins like Tether function nearly the same as other
Binance lists Paxos Standard token (PAX)

Binance lists Paxos Standard token (PAX)

ICOs
Paxos today revealed that Binance, currently the world's largest crypto exchange by trading volume, has announced it will list our Paxos Standard token (ticker symbol PAX). The listing of PAX on Binance signifies a growing and immediate demand for a regulated stablecoin. Paxos issues and redeems PAX tokens one-to-one against U.S. dollars, giving holders a digital equivalent of the dollar that can be moved nearly instantly, 24/7. Stablecoins are attractive to active traders who can use it to cash out of digital assets more quickly than if they were to convert to dollars. By using PAX, traders can be confident that they are using a coin that is regulated and backed by U.S. dollars held at U.S.-domiciled FDIC-insured banks. Paxos Standard, regulated by the New York State Department of
Research: ICOs See Lowest Funding Level in 16 Months

Research: ICOs See Lowest Funding Level in 16 Months

ICOs
Funding for Initial Coin Offerings (ICOs) has seen its hardest slump in 16 months, Bloomberg reported September 10. Analysis from Autonomous Research shows that in August, startups raised $326 million, which is the smallest amount since May 2017. According to Autonomous Research, Ethereum (ETH) blockchain-based ICOs have been recognized as the spark for the ETH price surge in 2017. However, they are currently the purported reason for the currency’s price slide, as some projects cash out to cover expenses amid concerns over a bearish market. The new analysis comes as legislators and regulators globally express concern regarding ICOs. Last week, Members of the European Parliament along with blockchain experts discussed possible regulations for ICOs. One member pointed to the “dramatic in
How The ICO Has Totally Changed In 2018

How The ICO Has Totally Changed In 2018

ICOs
By establishing a direct connection between the everyday investor and entrepreneurs, initial coin offerings (ICOs) were supposed to revolutionize fundraising for startups. As things have turned out, however, that revolution can wait. Per the latest statistics, ICOs have become vehicles for accredited investors to make bets in the market for blockchain and cryptocurrency startups. A significant portion of the $18 billion raised by blockchain startups this year has gone to “blockbuster sales” aimed at accredited investors rather than mom-and-pop investors. (See also: The Rise Of Initial Coin Offerings.) According to data from Coinschedule, an ICO listing and cryptocurrency portal, the top five such private sales accounted for $2.6 billion of the total amount raised. The portal also found
20 Signs Of A Good ICO

20 Signs Of A Good ICO

ICOs
Initial Coin Offering (ICO) is one of the most popular and fastest ways for blockchain-based projects to raise funds, and it may be an excellent opportunity for potential investors to find a prospective project and to invest in the next cryptocurrency at early token sale stages, as these are usually followed by good deals and bonuses. There is still one important question that may stay on your way to a profitable investment – How to know if an ICO is worth investing? How to verify and ICO? We will move to 20 signs of a good ICO we prepared for you, but let’s mention ICO listing websites and trackers first. A good ICO listing website or an ICO tracker is usually a service that makes some homework for you. It finds promising projects for investment and monitors each project to provide up-
Despite What You Hear, The ICO Is Not Over

Despite What You Hear, The ICO Is Not Over

ICOs
Anyone with an entrepreneurial idea could float a token and invite people to invest. The investment vehicle was not a broker or bank but a distributed platform that connects buyers and sellers. What they got in return was not a stock or share in the profits but the rising value of the token itself. It’s a highly liquid stake in a protocol. Small businesses, churches, schools, websites, and charities of all sorts could raise money this way. Most importantly, the ICO illustrated the hope that anyone could be involved in both soliciting and investing in the enterprise while bypassing the hugely regulated, bureaucratized, and impenetrable apparatus of traditional financial markets, including rarified venture capital funding. It seemed like we were watching a beautiful future unfold,
US Congressman to Submit ICO Bill, Invites Crypto Leaders to Capitol Hill

US Congressman to Submit ICO Bill, Invites Crypto Leaders to Capitol Hill

ICOs
In advance of his plans to present an ICO-related bill to Congress this year, Republican representative Warren Davidson invited a select group of crypto heavyweights to Capitol Hill to discuss future legislation. Davidson, who represents Ohio’s 8th congressional district, gave the nod to 32 delegates of U.S. venture capital firms, cryptocurrency exchanges and non-profits—including Union Square Ventures, Ripple, Kraken, InterContinental Exchange, and Nasdaq, according to documents obtained by Axios. The congressional forum, which takes place Sept. 25, will purportedly examine “light touch” regulation—which in June, Davidson said would dissolve some of the legal question marks currently hovering over cryptocurrencies and initial coin offerings (ICOs). Congressman Davidson: Crypto’s Ti