Cryptocurrency News Containing US SEC

Libertarian Think Tank Criticizes US SEC?s Approach to Crypto and Blockchain
John Berlau, a senior fellow at libertarian think tank Competitive Enterprise Institute, criticized the United States Securities and Exchange Commission's (SEC) approach to regulating cryptocurrencies. Berlau delivered his comments in a report published on April 11. In a report called Cryptocurrency and the SEC's Limitless Power Grab: Why Speculative Consumer Goods Are Not Securities,? Berlau claimed that blockchain technology and cryptocurrencies are transformative innovations, potential of which has been stunted by burdensome regulation. Berlau stated that among federal financial regulatory agencies, none poses a greater threat to cryptocurrency and the associated blockchain technologies than the Securities and Exchange Commission. He argued that the government's crackdown on the technologies prevents entrepreneurs from experimenting with novel approaches and applications.

Lawmakers Reintroduce Bill to Exempt Crypto Tokens from US Securities Laws
Lawmakers are making a fresh attempt to give cryptocurrencies a clearer legal standing in the U.S. U.S. Representative Warren Davidson reintroduced the Token Taxonomy Act on Tuesday, saying in a statement that the bill, if approved by Congress and signed into law, would send a powerful message to innovators that the U.S. is the best destination for blockchain technology. The bill, first introduced last year by Reps. Davidson and Darren Soto, seeks to exempt certain cryptocurrencies and other digital assets from federal securities laws, allowing individuals to more easily trade or transact with select coins.

Utility Tokens Versus Security Tokens
For the past year, the ecosystem of tokens built on top of blockchains integrated into decentralized applications (DApps) has been rapidly expanding. One of the most contentious subjects surrounding tokens has been the difference between Utility Tokens and Security Tokens. The ramifications of any individual being considered a utility token or a security token are enormous. Security tokens are subject to regulations which, in many cases, can make their project unfeasible to execute. Utility tokens avoid regulatory oversight but can have their own risks. The major use case for tokens so far has been fundraising. In the public equity markets, when a company needs to raise funds, they issue shares of the business to the public in the form of securities. These are subject to regulation and oversight. In the United States, the Securities and Exchange Commission (SEC) is responsible for regulating the public equity markets.

Rootstock (RSK) ICO Rating, Reviews and Details | ICOholder Select widget Notification icon
A horizontal, usually underground stem that often sends out roots and shoots from its nodes.  The project has been conceived with the following principles in mind: RSK platform is, at its core, the combination of: - A Turing-complete resource-accounted deterministic virtual machine (for smart contracts) - A two-way pegged Bitcoin sidechain (for BTC denominated trade) - A dynamic hybrid merge-mining/federated consensus protocol (for consensus security), and a low-latency network (for fast payments). Attention. There is a risk that unverified members are not actually members of the team Market: The project competitors are other suppliers of smart contracts on crypto currency such as Ethereum, EOS, Cardano, NEO, NEM, Qtum, Ethereum Classic, Lisk, Stratis and Counterparty. According to Coinmarketcap data, 7 of 10 competitors of RSK enter TOP 20 on capitalization. Given this, the main network for RSC Bitcoin exceeds the capitalization of the closest competitor Ethereum 2,4 times. There's a cut-throat competition between RSK and competitors for influence the entire market of crypto currencies and altcoins. The RSK project still needs to prove the community that RKS model is able to sustain the SBTC token cost and its binding to BTC. Providing network security is another challenge of the project. According to RSK team, the network is currently supported by bitcoin-miners, which present over 55% of total power of bitcoin hashing. The founders also state that miners with 30% of hashrate will start joint mining within next several months. The signs of centralization of the RSC network through Federation, which acts as a RSC sidechain security guarantor, are a certain risk of the project.

IGNITE (IGNT) ICO Rating, Reviews and Details | ICOholder Select widget Notification icon
Ignite is building a ratings and trade signals platform. The income component generated by the wider Ignite ecosystem is designed purely to be an incentivization mechanism which encourages IGNT holders to continue to initiate and curate ratings on digital assets, and regulate the conduct of their peers via reputation management. IGNT acts as proof-of-membership for a software platform that leverages a reward mechanism which, in turn, requires individual IGNT holders to participate in order to realize gains for themselves. The element of participation and interaction required on the part of IGNT holders further assists IGNT to avoid classification as a security, pursuant to US securities laws, as it is much less likely to fail the "Howey Test". This is due to the fact that the requirement for active participation on the part of each IGNT holder considerably lessens any suggestion that an expectation of profits is dependent upon the actions and efforts of others. The Ignite RATINGS platform places the burden of generating profits squarely into the hands of IGNT holders themselves, and there is no expectation of profits for those IGNT holders who do not actively participate in the Ignite RATINGS process.

SolidX Files to Become First Bitcoin ETF on NY Stock Exchange
The exchange traded fund (ETF) scene is due another shakeup as SolidX Partners files to become the first fund to launch on the New York Stock Exchange (NYSE) and even feature full insurance. Also read: ETF Queen Moriarty Takes on SEC for Bitcoin The SolidX Bitcoin Trust, for which an S-1 registration is today with the US Securities and Exchanges Commission (SEC), will trade under the ticker XBTC. The Trust will not be actively managed, a brief press release issued today continues. SolidX (sldx.com) itself is a blockchain technology startup active in corporate identity solutions. It last week launched its product, Vida, which CEO Daniel H. Gallancy described to Finance Magnates as a first of its kind enterprise-grade identity platform using public key infrastructure and built on blockchain technology.

Bitcoin vs Litecoin 2019: Does Litecoin have the potential to overtake Bitcoin? | Smartereum
Pundits always say that, by being a fork of Bitcoin, the two cryptocurrencies share numerous similarities, and the statement may be true to some extent. Both of them share the same codebase, are deflationary and use proof of work mining, for example. However, the differences between them are more than palpable. For starters, it is evident that Litecoins transaction times are way faster than those of Bitcoin, which usually take an average of 10 minutes to complete an operation. Litecoin stops the clock at 2.5 seconds, and as you saw in the previous section, the number can be significantly less. Ethereum, another one of the top crypto networks on the planet, also struggles with network and speed problems.

Cryptocurrency ETF May Become A Reality In Japan
The permission of a Bonafide Bitcoin Exchange Traded Fund (ETF) in the US'one of the world's largest crypto-industry markets'has long been a grandiose dream for cryptosphere optimists. The US Securities and Exchange Commission (SEC) have long been opposed to the approval of such a major financial asset because the organisation believes that cryptocurrencies are too nascent to endorse such an offer (insufficient volume, manipulation fears, and minimal oversight). In this case, the body has pushed back decisions on cryptocentric ETF inquiries or rejected applications time and time again. Even a proposal from the Winklevoss Twins and their-highly regarded, fully regulated crypto startup, Gemini, was turned down, signaling that the SEC is very selective when it comes to such an emerging investment vehicle. However, the Japanese Financial Services Agency (FSA) may examine the approval of Bitcoin ETF initiatives in a recent article by Bloomberg, which quoted those acquainted with the subject.

Bitcoin price: cryptocurrency set to rise after hitting new 2018 low? | The Week UK
The price of bitcoin has fallen by over 80% over the past 12 months Bitcoin values are slowly beginning to edge up after the cryptocurrency hit its lowest point of the year last week.   The virtual currency dropped to around $3,280 (£2,580) on Friday evening, before creeping up to around $3,550 (£2,790) per coin as of 9am GMT today, according to ranking site CoinMarketCap.  The recent sell-offs of the cryptocurrency - and the epic plunge in its value, as CNN puts it - have been attributed in part to a warning from US Securities and Exchange Commission (SEC) commissioner Hester Peirce that she is struggling to convince other members of the agency to approve more bitcoin exchange traded funds.

Here?s what happened to the cryptocurrencies that celebrities vouched for - The Verge clock menu more-arrow no yes Verge3.0_Logomark_Color_1
We're a full year and a half into cryptocurrency mania, and while the craze has calmed down, celebrities and companies alike are still coming out with partnerships with initial coin offerings and digital coins. Some celebrities have even made it their sole mission on tour, social media, and in panel discussions to promote digital coins. Over the last year, dozens of celebrities have come out in support of cryptocurrency, whether it be their own coins or companies who have reached out to them. In fact, the trend of celebrities promoting cryptocurrency has gone so far that the US Securities and Exchange Commission created a fake ICO complete with its own set of celebrity endorsements. If you click buy on the page, it brings you to a lecture from the SEC, warning you, a celebrity endorsement does not mean that an investment is legitimate or that it is appropriate for all investors.

Robinhood's Zero-Fee Crypto Trading is Making a Fortune from Customers' Data | CryptoGlobe
The developers of Robinhood's zero-fee cryptocurrency trading app have been criticized for the lack of transparency in their business model. Founded in April of 2013 and currently valued at over $5.6 billion, Robinhood is reportedly charging high-frequency trading (HFT) companies over 10 times the amount they normally pay other brokerage firms for the same volume. Robinhood's founders aim to disrupt the traditional brokerage industry by providing zero-commission trading of fiat-based exchange-traded-funds (ETFs) and digital currencies. However, a closer examination of its business operations by the US Securities and Exchange Commission (SEC) has revealed that the California-based broker is selling its customers orders at huge premiums.

New Filing Sheds Light on Kodak?s Lucrative ICO Licensing Agreement
Home » ICO News » New Filing Sheds Light on Kodak's Lucrative ICO Licensing Agreement A new filing has shed light on Kodak's licensing agreement with WENN Digital, the company that is developing KodakCoin and overseeing the cryptocurrencys initial coin offering (ICO). According to public documents dated March 15 and filed with the US Securities and Exchange Commission (SEC), WENN Digital paid Eastman Kodak a non-refundable $750,000 licensing fee for the rights to use Kodak branding on its digital rights management (DRM) platform, which will be secured by a blockchain feature a native cryptocurrency.

Investors Probably Didn?t Turn Their Backs on Tilray Cannabis Stocks Today
Home » Stock News » Investors Probably Didn't Turn Their Backs on Tilray Cannabis Stocks Today Tilray's share price plummeted today on the expiry of its IPO lock-up period. But is the sell-off investors exiting cannabis stocks Or, is it as simple as Tilray insiders cashing in their profits? Tilray's stock lost 17.24% by the end of trading on the Nasdaq today, wiping out recent day's gains. With its IPO, Tilray began trading on the Nasdaq on July 19, 2018. Under US Securities and Exchange Commission (SEC) rules company insiders cannot sell their shares for a set period. For Tilray this was 180 days and that lock-up period expired today. Insiders, those who acquire shares before a company is publicly listed such as employees and venture funds, are now able to sell.

Bitcoin Listed As Top Priority By OCIE (SEC)
The US Securities and Exchange Commission's Office of Compliance Inspections (OCIE) and Examinations have recently published their examination priorities for 2019 in which cryptocurrencies make an appearance. The OCIE has made indications that it will be keeping an eye on the crypto space, especially digital assets which qualify as securities throughout the year. The OCIE highlighted that the digital assets markets have grown at such a speed over the past few years that investors are put at risk - this includes cryptocurrency too. In addition to this, they also suggested that the overall size of the market and its participants, including trading platforms, broker-dealers and investment advisors are continuously growing as well. The OCIE said that they are going onto monitor the offer and sale, trading, and management of digital assets, and where the products are securities, examine for regulatory compliance.

U.S. SEC Says That Examining Cryptocurrencies Will Be a Top Priority in 2019
The United States Securities and Exchange Commission (US SEC) has released a new report that reveals that the monitoring of cryptocurrency is a major item on their agenda for the year. Titled 2019 examination priorities, the SEC's Office of Compliance Inspections and Examinations (OCIE) has put digital assets in the spotlight, citing the risks it poses to investors. The report reads: Given the significant growth and risks presented in this market, OCIE will continue to monitor the offer and sale, trading, and management of digital assets, and where the products are securities, examine for regulatory compliance.

Japan Bitcoin ETF Approval Might Affect US SEC?
Japan appears to be complicating everything for the US Securities and Exchange Commission (SEC) after the country's Financial Services Agency (FSA) approved the first Bitcoin ETF. Not many expected the FSA to pull the move as market observers feel the approval will influence the SEC final decision. The US SEC is still undecided on whether to approve the Bitcoin ETF in February this year and this continues to create uncertainty in the market especially for the US-based enthusiasts. There is no guarantee that the approval. This comes after Hester Peirce, a pro-crypto and SEC commissioner, cautioned investors against waiting for the Bitcoin ETF to be affected since it may take years.

Open Response to Blind Signature Vulnerability ? Kukai Wallet ? Medium
It was publicly claimed that all Tezos wallets suffer from a serious security vulnerability, including Kukai wallet. Blind signature attack An attacker compromises public rpc nodes and counterfeit operation data. If the client blindly trusts the node, user funds could be lost at a wide scale. Kukai wallet considers all operation bytes returned from the forge rpc call as untrusted. The operation bytes are parsed so it could be validated against the initial operation that the client asked the rpc node to forge. Any manipulation will be detected, leading to an exception being thrown and the user being informed about the failed client-side validation.

After Rejecting Bitcoin ETFs, the SEC Makes Crypto a Top Priority for 2019
A lot can change in the world of crypto over a 48-hour period. The publication of new regulations in China, which will come into effect this February, marked the end of a long period of uncertainty in the world's most populous country. And now, in the very same week, the US Securities and Exchange Commission (SEC) has announced that crypto is a top priority this year. In a document entitled 2019 Examination Priorities?, the Office of Compliance Inspections and Examinations (OCIE) states that it will be investigating cryptocurrencies for the express purpose of understanding how investors can be protected.

2018 Sees 550% Uptick in Exempt ICO Securities Offerings Filed With the US SEC: Report
2018 witnessed a significant uptick in the number of ICOs authorized by the United States Securities and Exchange Commission to sell securities to large-scale investors. 2018 witnessed a significant uptick in the number of ICOs authorized by the U.S. SEC to sell securities to large-scale investors 2018 witnessed a significant uptick in the number of initial coin offerings (ICOs) authorized by the United States Securities and Exchange Commission (SEC) to sell securities to large-scale investors, according to financial news channel MarketWatch, Jan. 11. MarketWatch reportedly compiled its data for 2018 by searching the SEC's Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system for keywords such as coin, ICO, token,? initial coin offering and saft.

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