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61  Economy / Economics / Blockchain Could Help Africa’s Commodity Market, Claims Chinese Billionaire on: September 29, 2018, 01:09:21 PM
Blockchain Could Help Africa’s Commodity Market, Claims Chinese Billionaire
Chinese billionaire and co-CEO of technology company Ideanomics Bruno Wu believes the blockchain could be the solution that helps African countries trade their minerals and natural resources efficiently and profitably.

Wu made the comment while speaking to entrepreneurs and investors at the Africa House Collective event, held in New York recently.

Wu’s company Ideanomics, formerly called Seven Starts Cloud Group, has invested heavily in artificial intelligence and blockchain companies through companies they acquired and partnered with. The tech company uses the new technologies to disrupt new markets. The U.S. based company recently announced a joint venture that removes intermediaries in the port supply chain.

Speaking on how Africa can leverage blockchain, Wu said digitizing asset production and distribution would put the continent on the forefront of the commodities market, same way it leads the mobile money market.

“Having a better tomorrow for Africa is about having a more transparent future. And blockchain can help there.”

In an interview with Quartz, Wu said his company is currently studying the African market and is open to partnering with countries such as Nigeria and Kenya.

He believes the continent can profit from adopting the blockchain technology and use it to save millions of dollars earned from the sale of commodities, which is often lost to corruption and money laundering.

Wu’s desire to see Africa profit from the blockchain technology follows a similar assessment from the CEO of diversified financial company Alexander Forbes Andrew Darfoor.
https://www.ccn.com/blockchain-could-help-africas-commodity-market-claims-chinese-billionaire/
62  Economy / Economics / Publicly-Listed Aussie Crypto Firm’s Shares Slump after $1.8 Million ICO Legal A on: September 28, 2018, 05:15:15 PM
Publicly-Listed Aussie Crypto Firm’s Shares Slump after $1.8 Million ICO Legal Action
DigitalX, an Australian blockchain and crypto advisory firm listed on the Australian Securities Exchange (ASX) has seen its shares slide nearly 12 percent on the day on revelations of a $1.8 million federal court claim.

In an obligatory disclosure under ASX guidelines, DigitalX today revealed it was served with an Originating Application and Statement of Claim in the Federal Court of Australia by a group of stakeholders involved in an initial coin offering (ICO) which DigitalX served in an advisory capacity.

The claim from the aggrieved group, who made an investment in the coin offering, stands at a total of USD $1,833,077 plus damages.

For its part, DigitalX denied any claim of wrongdoing and says it will – along with its legal advisors – continue to review and examine the claims made against it.

While few details are known about the ICO presently, Australian publication Business News is reporting that the “ICO was not local”. DigitalX is a Perth-based firm with offices in Sydney and New York.

Shares in the firm, one of the earliest publicly-listed cryptocurrency companies in the world, slid from AUD $0.09 to a low of AUD $0.081, a near 12% slide following the public disclosure.

The firm said it “has strong grounds to defend any claims bought forward by these applicants,” adding:

“As such, the Company intends to vigorously defend this matter and protect the reputation of the Company.”
https://www.ccn.com/publicly-listed-aussie-crypto-firms-shares-slump-after-1-8-million-ico-legal-action/
63  Economy / Economics / Coinbase Launches Poor Man’s Crypto Index Fund for Retail Buyers on: September 28, 2018, 05:13:39 PM
Coinbase Launches Poor Man’s Crypto Index Fund for Retail Buyers
Coinbase is unveiling a suite of new initiatives designed to expand its market share.

The latest update called “Coinbase Bundles,” refers to the pre-packaged collection of five cryptocurrencies available for purchase on Coinbase. The Bundle consists of Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and Ethereum Classic (ETC).

A bundle of five cryptocurrencies can be purchased for a meager sum of $25. With the current market cap employed in calculating a diversified portfolio of cryptocurrencies available for purchase with a couple of taps, Coinbase will save customers a lot of hassles.

The exchange hopes to introduce the new update to its U.S., E.U, and U.K markets in the coming weeks. At the moment, the digital asset platform has not set a maximum purchase size for a Bundle, but there are daily purchase limits on a per customer basis, at the moment. When a customer buys a bundle, it will be stored on their Coinbase wallet, where it can be purchased, sold, sent or received as an individual asset.

The digital asset platform will also host Information Asset Pages on the top 50 digital currencies on its platform, along with a new section, called “Coinbase Learn,” which will educate first time traders to cryptocurrency. The Vice President and General Manager of Coinbase Consumer Dan Romero stated that the ability of people to understand, explore and choose cryptocurrency would go a long way in determining the possibility of an open financial system coming to reality.
https://www.ccn.com/coinbase-launches-poor-mans-crypto-index-fund-for-retail-buyers/
64  Economy / Economics / Swiss Financial Services Company Raises $100 Million to Launch Crypto Bank on: September 27, 2018, 03:39:16 PM
Swiss Financial Services Company Raises $100 Million to Launch Crypto Bank
A financial services company based in Zug, Switzerland has raised roughly $104 million (100 million CHF) from investors as it looks to create a bank to lets consumers trade fiat for digital currency.

According to Bloomberg, Seba Crypto AG raised the cash from a mixture of private and institutional investors.

One of the people behind the venture said the company has been speaking with the Swiss financial authority known as Finna about submitting an application for a license by the end of October.

Hopes right now are to have a license secured by mid-2019. The startup is headed by two former UBS managers, Guido Buehler, who serves as CEO, and Andreas Amschwand, who serves as chairman.

Bridging The Gap Between Banking And Crypto
Buehler told Reuters how the goal of the venture is to “bridge the gap between traditional banking and the new world of crypto.”

He noted how Seba would offer a myriad of services, including custody, trading, and virtual currency asset management for private and institutional investors.

Buehler also asserted that Seba, who would be able to offer “bank accounts in fiat and crypto,” would help fill a “critical missing element of the currency ecosystem,” since many banks are not really willing to open accounts for companies involved in the cryptocurrency (or blockchain) spaces.

The vision behind Seba, according to Buehler is to make it possible for people to log onto online banking serves to “have access to crypto and fiat within one account.” Investors in the venture include entitles like Black River Asset Management AG and Summer Capital, who stand alongside a number of local and global backers.

Buehler says some of the funds will go towards actually building the company, while others will be allocated towards capitalizing in order to provide investor protection. Overall, he expects to double the number of company employees by the tail end of 2019, while also eventually expanding out to Singapore and other parts of Europe at an undetermined time.
https://www.ccn.com/swiss-financial-services-company-raises-100-million-to-launch-crypto-bank/
65  Local / Альтернативные криптовалюты / Re: Аналитика, анализ, прогнозы. on: September 26, 2018, 07:05:50 PM
Кто то знает, как поменять свои VeChain (VEN) которые лежат на  MEW на новые , после свопа (VET)??Спасибо.
66  Local / Русский (Russian) / Re: Бан! on: September 26, 2018, 11:41:10 AM
у них никакого плагиата небыло

За "сына" не скажу (там и правда похоже на бан по ошибке), но у "отца" случаев плагиата предостаточно:

Копия:



Спасибо. Вижу Вы абсолютно правы. Это неоспоримо. В его защиту могу сказать лишь то, что эти посты были ДО начала чисток, когда большинство на это не обращали внимание, это видно по датам. После чисток, когда был сделан акцент на этом и множество людей забанили, у него случаев плагиата не было. А этот старинный плагиат откопали только потому, что он начал спрашивать за сына и привлек внимание. Выскочка блин. Сидел бы как все,
не дергался и мог бы строчить тут посты за 200 долл в месяц. Не жизнь, а сказка.
А по поводу "Бана по ошибке" из-за которого и началась эта цепочка событий, кстати, Вы не первый, кто указал на то, что бан был по ошибке. Его разбанят, исправив свою ошибку или признаваться в своих ошибках надо иметь немного мужества, это удел сильных. А так же понесут ли заслуженное наказание те, кто отправил его в Бан по ошибке? Так же как понесли заслуженное наказание те, кто запостил плагиат "по ошибке", за что и был наказан. Или там каста неприкасаемых? И необходимо им двоим создавать новые акки и в Мета на английском писать модератору? Подскажите, как это проще и рациональней сделать. Спасибо.
67  Local / Русский (Russian) / Re: Бан! on: September 26, 2018, 04:24:32 AM
Здравствуйте. сын получил Бан, а не может создать новый АКК для переписки с теме МЕТА, с нашего адреса не создается.
У него был акк  https://bitcointalk.org/index.php?action=profile;u=2255955;sa=summary
Хочет прояснить, за что его забанили. Не копипастил и не плагиатил 100%. Написал он письмо по рекомендуемому адресу, но похоже там надо очень долго ждать и можно недождаться.
Если кто сталкивался с такой неприятной ситуацией, прошу подсказать, как ему далее действовать. Спасибо.

Один авторитетный форумчанин провел небольшое расследование, и есть мнение, что забанили сына по ошибке. Посоветовали перенести тему сюда. Поможете разобраться?
https://bitcointalk.org/index.php?topic=2775292.new#new
https://bitcointalk.org/index.php?topic=1926895.msg45983410#msg45983410
Здравствуйте. сын получил Бан...

Да уж, печально. Вот и "отец" отправился в бан вслед за "сыном" за плагиат. По поводу "сына" сделал запрос, может действительно попал под горячую руку, так сказать.

приведите пожалуйста доказательства Ваших обвинений. Чтобы мы поучились и сделали выводы. Ведь обвинять человека, который не может ответить это....
Надеюсь меня не забанят за вопрос)))


Плагиат, это копирование чужих текстов , без ссылки на источник.
Если Вас когда нибудь и забанят, то не за этот вопрос, а за что то другое. Вы немного похоже на члена семьи тех "папы и сына", хотя я ничего и не утверждаю. Однако Ваши посты и мерит полученный Вами, лично меня, почему то, наталкивают именно на такую мысль.

Вы абсолютно правы! А что это нарушение ? Я действительно из этой семьи. И я точно знаю, что у них никакого плагиата небыло. Спасибо, что Вы потратили время и провели расследование. Уверена, это очень важно. Но, все же хотелось, бы получить ответ на вопрос. Доказательства плагиата.
Мне сказали, что после того, как он вчера начал задавать вопросы об ошибочной блокировке сына, и его поддержал авторитетный форумчанин, который нашел ошибку. У него сразу перерыли все самые старые посты, много удалили (ранее они всех устраивали) , но никакого плагиата у него не было. Думаю, что после моего желания разобраться в этом, вместо того, чтобы заткнуться и не возмущаться, у меня в ближайшее время тоже найдется множество нарушений и меня тоже уберут из форума.

Доброе Утро. Как то плавно тема ушла в сторону и перешла в срач. Прошу пояснить мне по конкретному вопросу. Спасибо.
68  Local / Русский (Russian) / Re: Бан! on: September 25, 2018, 02:43:03 PM
Здравствуйте. сын получил Бан...

Да уж, печально. Вот и "отец" отправился в бан вслед за "сыном" за плагиат. По поводу "сына" сделал запрос, может действительно попал под горячую руку, так сказать.

приведите пожалуйста доказательства Ваших обвинений. Чтобы мы поучились и сделали выводы. Ведь обвинять человека, который не может ответить это....
Надеюсь меня не забанят за вопрос)))


Плагиат, это копирование чужих текстов , без ссылки на источник.
Если Вас когда нибудь и забанят, то не за этот вопрос, а за что то другое. Вы немного похоже на члена семьи тех "папы и сына", хотя я ничего и не утверждаю. Однако Ваши посты и мерит полученный Вами, лично меня, почему то, наталкивают именно на такую мысль.

Вы абсолютно правы! А что это нарушение ? Я действительно из этой семьи. И я точно знаю, что у них никакого плагиата небыло. Спасибо, что Вы потратили время и провели расследование. Уверена, это очень важно. Но, все же хотелось, бы получить ответ на вопрос. Доказательства плагиата.
Мне сказали, что после того, как он вчера начал задавать вопросы об ошибочной блокировке сына, и его поддержал авторитетный форумчанин, который нашел ошибку. У него сразу перерыли все самые старые посты, много удалили (ранее они всех устраивали) , но никакого плагиата у него не было. Думаю, что после моего желания разобраться в этом, вместо того, чтобы заткнуться и не возмущаться, у меня в ближайшее время тоже найдется множество нарушений и меня тоже уберут из форума.
69  Economy / Economics / Cryptocurrency Trading Volume to See 50% Growth in 2019: Research on: September 25, 2018, 02:26:24 PM
Cryptocurrency Trading Volume to See 50% Growth in 2019: Research
Despite cryptocurrencies having fallen off their record highs, the sector is expected to experience double-digit growth in trading volumes next year suggesting that trader enthusiasm in the nascent asset class has not waned.

According to research conducted by Satis Group, crypto trading volume will grow by over 50% in 2019. In the United States, the volume of cryptocurrencies traded will overtake the trading volume of corporate debt this year. And even more significantly, the trend shows that crypto trading volume is set to reach 10% of the equity trading volume in the world’s largest economy and home to the globe’s biggest stock market. Currently, the volume of U.S. equities is estimated to be over US$74 trillion while that of crypto trading is US$7.3 trillion.

Bitcoin Dominance
The dominance of bitcoin as a base pair for trading cryptocurrencies is also set to continue, per the report. Currently, bitcoin is the base pair for 33% of all the crypto volume traded across the globe with Tether coming second at 22% while Ethereum is third at 12%.

As for the fiat currencies, the United States dollar enjoys the biggest share of the market as a base pair at 48% while the Japanese yen is second at 27%. The Euro and the South Korean won enjoy single-digit market share at 9% and 7% respectively.

With the expected growth in the crypto trading volume, exchange trading fees will also naturally increase. From a figure of US$2.1 billion estimated to have been generated in exchange trading fees last year, the amount is expected to rise to more than US$3 billion in 2018. This is despite the bearish conditions which have persisted this year.

“Assuming blended fees based on volume of the top 20 exchanges by size, we estimate over $2.1B in trading fees gathered last year across global exchanges. We estimate this number to grow to well over $3B in 2018,” wrote Sherwin Dowlat, the lead researcher of the report.
https://www.ccn.com/cryptocurrency-trading-volume-to-see-50-growth-in-2019-research/
70  Local / Русский (Russian) / Re: Бан! on: September 25, 2018, 02:18:43 PM
Здравствуйте. сын получил Бан...

Да уж, печально. Вот и "отец" отправился в бан вслед за "сыном" за плагиат. По поводу "сына" сделал запрос, может действительно попал под горячую руку, так сказать.

приведите пожалуйста доказательства Ваших обвинений. Чтобы мы поучились и сделали выводы. Ведь обвинять человека, который не может ответить это....
Надеюсь меня не забанят за вопрос)))


Плагиат, это копирование чужих текстов , без ссылки на источник.
71  Local / Альтернативные криптовалюты / Re: Новости по альтам, ICO, блокчейну и др. on: September 24, 2018, 04:48:54 AM
До этих пор пользователи могли видеть различие между данными сайта криптобиржи Binance, о находящихся в обороте их собственных токенов (BNB) с показателями, представленными на Coinmarketcap (CMC). На популярном сервисе по отслеживанию криптовалют количество токенов BNB, циркулирующих в обороте, отображается в размере 112,44 млн, в то время как на веб-сайте Binance их указано 144,44 млн. Разница в почти 32 млн BNB, является весьма существенной, но откуда такое расхождение, на Coinmarketcap, не смогли объяснить.
Источник: https://rucoin.net/binance-will-unlock-bnb/
72  Economy / Economics / BitPesa, SBI Remit Partner for Blockchain Payments Between Japan And Africa on: September 24, 2018, 04:48:11 AM
BitPesa, SBI Remit Partner for Blockchain Payments Between Japan And Africa
BitPesa, a digital treasury management solution that leverages blockchain settlement to lower the cost and improve the speed of payments to and from frontier markets, has teamed with SBI Remit, Japan’s largest remittance service provider, to make it easier for Africans to buy Japanese products.

 

The two firms are leveraging blockchain technology to reduce friction, improve efficiency and interoperability for cross-border payments between the two continents. The partnership will help businesses scale faster between Japan and Africa.

Conversions Simplified
The partnership allows the African customer to deposit funds in their local currency directly into BitPesa’s local bank account, Elizabeth Rossiello, founder and CEO of Nairobi, Kenya-based Bitpesa, told CCN. “They don’t need to do any conversion,” she said. “Our fees are much lower than most banks’ transfer fees.” In addition, the transfer happens much faster than the two weeks it would take most banks, depending on the amount.

“Using SBI Remit’s payout network, we transfer the money to SBI Remit, and they can pay out to their large Japanese network,” she said. “There is a flow of funds by Africans to Japan.”
https://www.ccn.com/bitpesa-sbi-remit-partner-for-blockchain-payments-between-japan-and-africa/
73  Economy / Speculation / Bitcoin Price Nears $6,800 Resistance as Crypto Market Records Large Gains on: September 24, 2018, 04:46:53 AM
Bitcoin Price Nears $6,800 Resistance as Crypto Market Records Large Gains
Over the past few hours, Bitcoin has recorded a slight 1 percent increase in price, nearing the $6,800 resistance level. The rest of the crypto market recorded large gains across the board as Electroneum and Stellar led the market with 70 percent and 20 percent gains respectively.
As CCN reported on September 22, billionaire investor Mike Novogratz laid out $6,800 and $8,800 as major resistance levels for BTC in the short-term. If BTC can break out of the $6,800 mark in the next few hours, it is highly likely for the dominant cryptocurrency to enter the $7,000 region for the first time since September 4.

Why is Bitcoin Lagging Behind
Over the past week, Bitcoin has demonstrated decent momentum and gradual increase in volume, rising from the lower end of $6,000 to $6,700. But, in comparison to other major cryptocurrencies like Ethereum and Ripple that recorded monstrous gains against the US dollar, the short-term rally of Bitcoin has been lackluster.

The discrepancy between the gains of Bitcoin and the rest of the market can be attributed to the stability of the dominant cryptocurrency. From July to September, for nearly three months, Bitcoin has demonstrated a slight loss of 9 percent. Meanwhile, Ripple and Ethereum declined by more than 45 percent.

As such, the corrective rally of the crypto market that was initiated earlier this week, which was primarily formed due to massively oversold conditions showed by major cryptocurrencies, did not lead to a large increase in the price of BTC.

But, as Novogratz stated, considering the stability in the price of BTC and its resilience in the low price range, breaking out of the $6,800 mark and eyeing an entrance into the $7,000 region could establish a strong foundation for a potential mid-term rally later this year.
https://www.ccn.com/bitcoin-price-nears-6800-resistance-as-crypto-market-records-large-gains/

74  Local / Альтернативные криптовалюты / Re: Новости по альтам, ICO, блокчейну и др. on: September 23, 2018, 04:29:28 AM
В разгар сильного колебания на крипто-рынке, инвестиционная криптоплатформа Circle, инфраструктуры Goldman Sachs, сообщила о добавлении четырех криптоактивов. В официальном заявлении глава отдела запуска новых продуктов, Дивия Агарвалла пояснила, что EOS (EOS), Stellar (XLM), 0x (ZRX) и QTUM (QTUM) будут добавлены на платформу Circle’s Invest в последующие несколько дней и недель. Хотя эта новость, не оказала прямого влияния на рынок, важно отметить, что цена Stellar Lumens, а также трех других упомянутых криптоактивов, показала существенное движение вверх за последние 48 часов. Согласно вышеупомянутому сообщению, добавление четырех новых криптовалют увеличит «коллекцию» Circle до 11, «сделав Circle Invest одним из лучших приложений для доступа к широкому спектру активов». EOS, XLM, ZRX и QTUM можно купить отдельно через функцию Circle, называющуюся «Buy the Market», которая позволяет заинтересованным инвесторам получить доступ к разнообразному портфелю криптовалют.
Источник: https://rucoin.net/circle-ads-eos-stellar-0x-and-qtum/
75  Economy / Economics / Bitcoin Mining Giant Bitmain Unveils ‘Next-Generation’ 7nm Chip on: September 22, 2018, 04:14:28 AM
Bitcoin Mining Giant Bitmain Unveils ‘Next-Generation’ 7nm Chip
Bitmain, the world’s most valuable cryptocurrency company, isn’t ready to relinquish its position as the dominant manufacturer of bitcoin mining chips — at least not yet.

The China-based firm on Friday announced that it had developed a new 7nm application-specific integrated circuit (ASIC) mining chip for the SHA256 algorithm used by bitcoin, bitcoin cash, and many other cryptocurrencies.

Bitmain CEO Jihan Wu announced the new chip — the BM1391 — at the World Digital Mining Summit in Georgia, adding that it will be deployed in the firm’s next generation of mining rigs, the follow-up to the Antminer S9.

GMO Internet, a Japanese tech company based out of Tokyo, unveiled a 7nm chip in June. According to Wu, the BM1391 has an energy consumption ratio of 42W/TH, while GMO’s B2/B3 miners consume 81W/TH at peak.

Notably, Bitmain’s announcement came just two days after competitor Bitfury unveiled a new SHA256 ASIC chip. The “Bitfury Clarke,” while much larger than the BM1391 at 14nm, offers “unparalleled efficiency,” according to the company. Per the company, each chip can achieve a hashrate of 120GH/s with a power efficiency of 55mW/GH. Bitfury, incidentally, operates a mining farm in Georgia, where Wu announced Bitmain’s new chip.
https://www.ccn.com/bitcoin-mining-giant-bitmain-unveils-next-generation-7nm-chip/
76  Economy / Speculation / Billionaire Tim Draper Stands By Bullish $250,000 Bitcoin Price Target For 2022 on: September 22, 2018, 04:12:37 AM
Billionaire Tim Draper Stands By Bullish $250,000 Bitcoin Price Target For 2022
Tech billionaire Tim Draper stands by his bitcoin price target of $250,000 for 2022. Despite the recent slump, Draper remains undeterred in his enthusiastic outlook for the largest virtual currency by market cap.

“This is going to be so big, so if you see a dip [in prices], jump in,” Draper told TheStreet at the 2018 Crypto Finance Conference in Switzerland. “Maybe it will dip further, but boy, I made that prediction and I’m sticking to it. $250,000 by 2022 for bitcoin.”

After a massive spike in 2017, BTC prices tumbled 50 percent in 2018. Despite the recent bear market, crypto’s profile has never been higher, and the industry continues to expand.

‘Believe It, It’s Happening’
In April 2018, Draper generated countless headlines after boldly predicting that bitcoin would soar to $250,000 by 2022, as CCN has reported. And nothing has happened to change his outlook.

“They’re going to think you’re crazy, but believe it,” he said. “It’s happening and it’s going to be awesome!”

Draper has an impressive track record with predicting bitcoin price movements, so it’s hard to dismiss any forecast he makes.

In 2015, the venture capitalist accurately predicted that bitcoin would top $10,000 by the end of 2017. BTC soared above $13,000 on December 31, 2017.
https://www.ccn.com/billionaire-tim-draper-stands-by-bullish-250000-bitcoin-price-target-for-2022/
77  Local / Альтернативные криптовалюты / Re: Новости по альтам, ICO, блокчейну и др. on: September 20, 2018, 02:10:51 PM
Согласно Bloomberg, в сообществе разразился спор по поводу апдейта, который грозит стать хардфорком. Один из спорщиков – Bitmain под руководством Джихана Ву, другой – соперник CoinGeek, поддерживаемый миллиардером Кальвином Эйром.

Оба майнинговых гиганта настаивают на своем видении апгрейда. Bitmain полагает, что новая сеть должна позволять девелоперам выпускать токены, как на Ethereum. Также майнер вместе с Роджером Вером считает нужным сжигать монеты.

CoinGeek хочет установить апгрейд Bitcoin SV (аббревиатура означает пафосное Satoshi Vision, Видение Сатоши). Это решение запущено командой Крейга Райта в августе и включает в себя возвращение некоторых технических характеристик оригинального биткоина. Кроме того, размер блока будет увеличен до 128 Мб.

«Биткоин-Иисус» Роджер Вер был разочарован недостатком консенсуса по условиям апгрейда и всем поведением Крейга в частности. Например, самозваный Сатоши Накамото уехал с Bangkok Miners Summit, на котором должна была решиться часть проблем.

Обе стороны хотят залистить свою версию на биржах под именем Bitcoin Cash на различных биржах. Похоже, грозит хардфорк: ведь консенсуса нет, а дата апгрейда все ближе – по плану он должен состояться 15 ноября.
https://profitgid.ru/grozit-li-xardfork-blokchejnu-bitcoin-cash-bch.html
78  Economy / Economics / Australia’s Financial Watchdog Cracks Down on ‘Misleading’ ICOs & Crypto Funds on: September 20, 2018, 02:07:56 PM
Australia’s Financial Watchdog Cracks Down on ‘Misleading’ ICOs & Crypto Funds
Australia’s financial regulator and watchdog is ramping up its scrutiny into ‘misleading or deceptive’ initial coin offerings (ICOs) and crypto-asset funds targeting retail investors.

The Australian Securities and Investments Commission (ASIC) has confirmed it has identified “consistent problems” to ultimately shut down several initial coin offerings aimed at soliciting funds from retail investors.

A radical new form of digital fundraising powered by cryptocurrencies like bitcoin and ethereum, ICOs are a source of capital for startups and companies who offer custom cryptographic tokens with an inherent benefit in exchange to investors. ICOs aren’t banned in Australia and while there is no ambiguity about their legal status, they are largely unregulated.

The “use of misleading or deceptive statements in sales and marketing materials”, running an “illegal registered managed investment scheme” without possession of an Australian financial services licenses were, in particular, highlighted by the ASIC as consistent problems found among the targeted ICOs, leading to “significant risks” for investors.

The regulator’s commissioner John Price said:

“If you raise money from the public, you have important legal obligations. It is the legal substance of your offer – not what it is called – that matters. You should not simply assume that using an ICO structure allows you to ignore key protections there for the investing public and you should always ensure disclosure about your offer is complete and accurate.”
https://www.ccn.com/australias-financial-watchdog-cracks-down-on-misleading-icos-crypto-funds/
79  Economy / Economics / Cryptocurrency Exchanges Binance, Kraken May Be Operating Unlawfully in New York on: September 19, 2018, 08:20:45 AM
Cryptocurrency Exchanges Binance, Kraken May Be Operating Unlawfully in New York: AG Report
New York State Attorney General Barbara Underwood has referred three major cryptocurrency exchanges to the state’s Department of Financial Services (NYDFS) for potential violation of New York’s virtual currency regulations. The exchanges referred are Binance, Gate.io and Kraken. This was revealed in the Virtual Markets Integrity Initiative Report released earlier today by the Office of the New York State Attorney General (OAG).

The report details the concerns initially raised by the OAG about the operations of cryptocurrency exchange platforms, especially regarding security, internal controls, market surveillance protocols, and other relevant consumer and investor protections.

Cat and Mouse Game
Earlier in they year, CCN reported that the OAG sent out a letter with a 34-point questionnaire to 13 crypto exchanges, including some without active operations in New York, asking them to take part in its Virtual Markets Integrity Initiative aimed at fostering greater transparency into their operations. The 13 exchanges addressed were GDAX, Gemini, bitFlyer USA, Bitfinex, Bitstamp USA, Kraken, Bittrex, Poloniex, Binance, Tidex, Gate.io, itBit Trust Company, and Huobi.Pro.
https://www.ccn.com/cryptocurrency-exchanges-binance-kraken-may-be-operating-unlawfully-in-new-york-ag-report/
80  Alternate cryptocurrencies / Altcoin Discussion / Fidelity Investments Aims to Release Crypto Products by Year End on: September 19, 2018, 08:19:28 AM
Fidelity Investments Aims to Release Crypto Products by Year End
Fidelity Investments CEO Abigail Johnson has revealed that the company is working on a number of cryptocurrency and blockchain-related products and offerings, with their release tentatively fixed for sometime before the end of the year.

Speaking on Friday at the Boston Fintech Week conference, Johnson declined to go into any specifics regarding what exactly Fidelity is working on in the crypto space, but investors and other market participants are likely to pay close attention to subsequent Fidelity announcements as it continues to build a reputation as one of the most crypto-positive large financial service firms in the world.

‘A Few Things Underway’
Speaking about Fidelity’s plans for moving into the cryptocurrency space, Johnson said:

“We’ve got a few things underway, a few things that are partially done but also kind of on the shelf because it’s not really the right time. We hope to have some things to announce by the end of the year.”

The announcement will come as welcome news to crypto markets, which continue to anticipate the entry of large institutional investment that by and large has not yet taken place. In a market with a total capitalisation still below $300 billion despite a surfeit of publicity and investment sentiment, Fidelity has consistently been one of the few large firms that has repeatedly and openly signaled its interest.
https://www.ccn.com/fidelity-investments-aims-to-release-crypto-products-by-year-end/
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