Topic: ✷ News ✷ Analytics ✷ Analysis ✷ Forecasts - page 23. (Read 2256 times)
Lithuania Issues Guidelines for When ICO Tokens Are Securities
Lithuania's Ministry of Finance has issued guidelines on initial coin offerings (ICOs), outlining when cryptographic tokens would be viewed as securities and how each aspect of a token sale should be regulated by different laws in the country.
According to the document published Friday, a defining feature in the recommended framework is whether a token "grants profits or governance rights" to investors who obtain the token through an ICO.
https://www.coindesk.com/lithuania-issues-guideline-on-when-ico-tokens-are-securities/
Lithuania's Ministry of Finance has issued guidelines on initial coin offerings (ICOs), outlining when cryptographic tokens would be viewed as securities and how each aspect of a token sale should be regulated by different laws in the country.
According to the document published Friday, a defining feature in the recommended framework is whether a token "grants profits or governance rights" to investors who obtain the token through an ICO.
https://www.coindesk.com/lithuania-issues-guideline-on-when-ico-tokens-are-securities/
Apple Updates App Store Guidelines, Tightens Rules for Crypto-Related Apps After Google, Facebook, and Twitter, now it’s time for Apple to join its Silicon Valley counterparts in restricting the crypto industry.
The Cupertino-based firm has updated its rules for publishing apps on the App Store and has specially mentioned cryptocurrency-related apps. Along with the new apps, the guidelines will be applicable to existing apps as well.
The Cupertino-based firm has updated its rules for publishing apps on the App Store and has specially mentioned cryptocurrency-related apps. Along with the new apps, the guidelines will be applicable to existing apps as well.
https://www.financemagnates.com/cryptocurrency/news/apple-updates-app-store-guidelines-tightens-rules-crypto-related-apps/
Colombian Banks Shutter Accounts of Domestic Cryptocurrency Exchange
Colombian banks have closed Buda.com’s accounts, Alejandro Beltran, CEO of the cryptocurrency exchange, announced. Banks Bancolombia, BBVA and Davivenda have all closed Buda.com’s accounts, according to infobae.com.
The country’s Financial Supervisor previously sent a notice warning financial institutions about using their platforms to support cryptocurrencies. The letter from Jorge Castano Gutierrez, Colombia’s financial superintendent, said the entities under surveillance are not authorized to intermediate, guard or invest with these instruments.
Beltran said the notice was a warning and did not require action.
Other cryptocurrency platforms such as BitINKA and Panda Exchange have not reported such issues.
https://www.ccn.com/colombian-banks-shutter-accounts-of-domestic-cryptocurrency-exchange/
Colombian banks have closed Buda.com’s accounts, Alejandro Beltran, CEO of the cryptocurrency exchange, announced. Banks Bancolombia, BBVA and Davivenda have all closed Buda.com’s accounts, according to infobae.com.
The country’s Financial Supervisor previously sent a notice warning financial institutions about using their platforms to support cryptocurrencies. The letter from Jorge Castano Gutierrez, Colombia’s financial superintendent, said the entities under surveillance are not authorized to intermediate, guard or invest with these instruments.
Beltran said the notice was a warning and did not require action.
Other cryptocurrency platforms such as BitINKA and Panda Exchange have not reported such issues.
https://www.ccn.com/colombian-banks-shutter-accounts-of-domestic-cryptocurrency-exchange/
The mobile version of ICONex for Android has been launched on June 4th. You can store and manage your ICX and ETH just as you do on the chrome extension wallet.
- Following reports of six publicly listed companies launching their own cryptocurrency exchanges in Japan, three other firms listed on the Tokyo Stock Exchange have announced plans to enter the space with various crypto offerings.
- In recent weeks, the peer-to-peer (P2P) bitcoin markets of several Latin American markets have produced record-breaking volume, with the Localbitcoins markets of Chile, Peru, and Venezuela producing all-time highs for trade volume in recent weeks when measured in local fiat currencies. The Canadian markets have also produced a dramatic spike in volume – recently setting new all-time highs for the number of bitcoins traded for CAD on Localbitcoins.
- In recent weeks, the peer-to-peer (P2P) bitcoin markets of several Latin American markets have produced record-breaking volume, with the Localbitcoins markets of Chile, Peru, and Venezuela producing all-time highs for trade volume in recent weeks when measured in local fiat currencies. The Canadian markets have also produced a dramatic spike in volume – recently setting new all-time highs for the number of bitcoins traded for CAD on Localbitcoins.
- While women remain a minority among cryptocurrency traders and investors by all accounts, new data reveals that their interest in joining the field is growing fast. This increased openness to crypto is especially true among the young generation of women.
- Just recently a new on-chain social media application has entered the Bitcoin Cash ecosystem called Matter — another decentralized blogging community that’s fueled by the Bitcoin Cash (BCH) blockchain. Matter is the third social media platform that follows behind Blockpress and Memo, allowing users to store arbitrary data on the BCH chain.
- Just recently a new on-chain social media application has entered the Bitcoin Cash ecosystem called Matter — another decentralized blogging community that’s fueled by the Bitcoin Cash (BCH) blockchain. Matter is the third social media platform that follows behind Blockpress and Memo, allowing users to store arbitrary data on the BCH chain.
Swiss Bank Offers Cryptocurrency Business Accounts In a story published on June 6th, Finews.com reported that Hypothekarbank Lenzburg is the first bank to formally open up towards cryptocurrency projects in Switzerland. They will offer business accounts for local blockchain and cryptocurrency companies. Being a smaller bank does not stop this technology-based banker to take charge and lead the market. In the words of Marianne Wildi, CEO of Hypothekarbank Lenzburg, “we are already collaborating with the fintech industry, we are also receptive to the young crypto and blockchain scene in Switzerland.”
https://www.crypto-news.net/swiss-bank-offers-cryptocurrency-business-accounts/
The Great Backlash Against Blockchain Hype The world is falling in love with blockchain. USD 945 million was spent globally by organisations on "blockchain solutions" in 2017, while this annual figure is forecast to rise to USD 2.1 billion in 2018 and USD 9.2 billion 2021.
https://cryptonews.com/exclusives/the-great-backlash-against-blockchain-hype-1967.htm
This Japanese Exchange Will Borrow Your Bitcoin for a Yearly Fee
In an apparent step to increase liquidity and attract users, Japanese cryptocurrency exchange Bitbank has announced a bitcoin burrowing program.
Have 1 BTC? Loan it out
As per a report, the exchange shall allow account holders to lend a minimum of 1 bitcoin (BTC) to its Virtual Currency Lending service – in return for a fixed, predetermined rate of interest.
Initially, the service shall be available only for BTC holders and is scheduled to include popular cryptocurrencies like ripple, ether, litecoin, and bitcoin cash in the coming months.
One of Japan’s 16 full-licensed cryptocurrency exchanges, Bitbank offers eight cryptocurrency trading pairs and is ranked 31st in the world in terms of total daily traded volume.
The move comes on the bank of GMO’s cryptocurrency burrowing program, which the Japanese digital asset exchange launched in April 2018, making Bitbank the second exchange in the bitcoin-crazed country to do so.
https://www.ccn.com/this-japanese-exchange-will-burrow-your-bitcoin-for-a-yearly-fee/
In an apparent step to increase liquidity and attract users, Japanese cryptocurrency exchange Bitbank has announced a bitcoin burrowing program.
Have 1 BTC? Loan it out
As per a report, the exchange shall allow account holders to lend a minimum of 1 bitcoin (BTC) to its Virtual Currency Lending service – in return for a fixed, predetermined rate of interest.
Initially, the service shall be available only for BTC holders and is scheduled to include popular cryptocurrencies like ripple, ether, litecoin, and bitcoin cash in the coming months.
One of Japan’s 16 full-licensed cryptocurrency exchanges, Bitbank offers eight cryptocurrency trading pairs and is ranked 31st in the world in terms of total daily traded volume.
The move comes on the bank of GMO’s cryptocurrency burrowing program, which the Japanese digital asset exchange launched in April 2018, making Bitbank the second exchange in the bitcoin-crazed country to do so.
https://www.ccn.com/this-japanese-exchange-will-burrow-your-bitcoin-for-a-yearly-fee/
Third Largest Crypto Exchange Huobi Creates New Platform in US
Huobi, the world’s third largest crypto exchange by trade volume, has created a new digital currency trading marketplace in the US, Financial Magnates reports Friday, June 8th.The platform comes via a newly created San Francisco-based company called HBUS, which, as stressed in a Medium post earlier this week...Read more
- The Securities and Exchange Commission of Thailand has unveiled the details of the country’s regulatory framework for cryptocurrencies and initial coin offerings, including licensing requirements, fees, and a list of seven approved cryptocurrencies.
- Swiss voters will decide this Sunday whether to turn back on fractional-reserve banking and support a “sovereign money” concept for the nation’s finances. Proponents of the initiative prescribe deeper centralization to remedy the shortcomings of the traditional financial system – a vision quite different from the decentralization that came with cryptocurrencies like bitcoin, following the 2008 global financial crisis. In today’s Bitcoin in Brief, we also cover a statement by a prominent Russian banker who warns that tight crypto regulations would hamper the development of blockchain technologies.
- Swiss voters will decide this Sunday whether to turn back on fractional-reserve banking and support a “sovereign money” concept for the nation’s finances. Proponents of the initiative prescribe deeper centralization to remedy the shortcomings of the traditional financial system – a vision quite different from the decentralization that came with cryptocurrencies like bitcoin, following the 2008 global financial crisis. In today’s Bitcoin in Brief, we also cover a statement by a prominent Russian banker who warns that tight crypto regulations would hamper the development of blockchain technologies.
Norwegian Air Building Exchange, Considering Crypto Tickets Purchases The low-cost carrier Norwegian Air is working to set up its own cryptocurrency exchange by the end of this year, the Norwegian financial news website E24.no reported.
The newly established company Norwegian Block Exchange (NBX) will be responsible for building and operating the exchange, as well as manage other blockchain initiatives for the airline, which is expected to buy a stake in the company in the near future. For the time being, Norwegian Air founder & CEO Bjørn Kjos remains the sole shareholder of the new company.
The newly established company Norwegian Block Exchange (NBX) will be responsible for building and operating the exchange, as well as manage other blockchain initiatives for the airline, which is expected to buy a stake in the company in the near future. For the time being, Norwegian Air founder & CEO Bjørn Kjos remains the sole shareholder of the new company.
https://cryptonews.com/news/norwegian-air-building-exchange-considering-crypto-tickets-p-1972.htm
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA: Price Analysis, June 08
At the beginning of the year, the analysts were very bullish on Bitcoin and had projected high targets for 2018. Many did not revise their target lower even after the sharp fall in January this year because they were expecting a sharp bounce from the lows.Fast forward to June, the analysts are getting worried about the lack of momentum, resulting in a downward revision in target prices...Read more
- Leading crypto research firm, Chainalysis, revealed staggering wealth transfer numbers, as reported by legacy news outlet Financial Times, concerning bitcoin core (BTC). From its price high in December of last year through April of 2018, BTC hodlers (supposed longer term investors) dumped $30 billion onto the market, shedding about half their collective positions just in December. The basic facts are sure to enliven debate regarding BTC’s ultimate function, be it as a ‘store of value,’ medium of exchange, or mere speculative asset.
- Cryptocurrency has its place in the world and Russia should carefully consider when and how to take part in the process of its development, Vladimir Putin said in his annual Q&A session with Russian citizens. The president noted that “by definition” neither Russia, nor any other country could have a national cryptocurrency. Putin also mentioned the saga around Telegram, in the light of seeking “civilized” decisions.
- Cryptocurrency has its place in the world and Russia should carefully consider when and how to take part in the process of its development, Vladimir Putin said in his annual Q&A session with Russian citizens. The president noted that “by definition” neither Russia, nor any other country could have a national cryptocurrency. Putin also mentioned the saga around Telegram, in the light of seeking “civilized” decisions.
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Really promising, hoping this project takes off soon enough and achieve the aim of reaching the zenith.
Great project and idea, I sincerely wish you good luck and success !! https://konios.com
Inside the Sprawling (Ongoing) Vote That Will Decide When EOS Launches
Almost one week after initiating, one of the largest, strangest experiments in global crypto governance hesitated as it neared its culmination.While EOS, a new blockchain created by Block.One, which raised approximately $4 billion to build it over the past year, had effectively turned the code over to its users as of last Saturday, into Friday, the fruits of that effort suggest a lack of clear process is holding back progress.
At least two votes that could have ended with a version of the software launching actually took place (based on CoinDesk's view of an unofficial stream of the decision-making). Assembled were candidates vying to become EOS "block producers," or the entities able to process transactions and claim the network's rewards... Read more
Enterprise Blockchain Startup R3 May Run Out of Money by Next Year: Report
Enterprise blockchain startup R3 is burning through cash at a breakneck pace and could be out of money by the first quarter of 2019, sources say.
R3 Could Be Out of Money by 2019: Report
Citing interviews with two former employees, Fortune reports that R3 — which in 2014 launched a high-profile banking consortium that sought to make blockchain technology palatable to the legacy financial sector — has run through nearly all of the $132 million it has raised from two funding rounds held since last May and has struggled to attract new investors.
The employees argue that a cocktail of excessive spending, poor hiring decisions, and an inability to develop a viable business model has led the company to bring in revenues that are “laughably off” targets.
The firm has also faced public setbacks as Goldman Sachs, Santander, and JPMorgan have dropped out of the consortium for various reasons.
https://www.ccn.com/enterprise-blockchain-startup-r3-may-run-out-of-money-by-next-year-report/
Enterprise blockchain startup R3 is burning through cash at a breakneck pace and could be out of money by the first quarter of 2019, sources say.
R3 Could Be Out of Money by 2019: Report
Citing interviews with two former employees, Fortune reports that R3 — which in 2014 launched a high-profile banking consortium that sought to make blockchain technology palatable to the legacy financial sector — has run through nearly all of the $132 million it has raised from two funding rounds held since last May and has struggled to attract new investors.
The employees argue that a cocktail of excessive spending, poor hiring decisions, and an inability to develop a viable business model has led the company to bring in revenues that are “laughably off” targets.
The firm has also faced public setbacks as Goldman Sachs, Santander, and JPMorgan have dropped out of the consortium for various reasons.
https://www.ccn.com/enterprise-blockchain-startup-r3-may-run-out-of-money-by-next-year-report/
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