One question we often get from members of Congress and staff on Capitol Hill is what exactly causes the lack of clarity in securities law when it comes to cryptocurrencies and crypto tokens, and what can be done about it. In this post we will outline the main issues and suggest how they could be clarified through legislation or perhaps through SEC guidance.
During our code audit we found that some of the most renowned cryptos, ones always occupying the top 20 in market cap, have performed poorly for several consecutive months. In certain months, the development progress is close to none, as was the case with Neo and Litecoin this month. Projects like these might have a market cap that’s possibly overvalued dozens of times over, and DPRating suggests investors be cautious with these kinds of projects.
The Justice Department has opened a criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies, dramatically ratcheting up U.S. scrutiny of red-hot markets that critics say are rife with misconduct, according to four people familiar with the matter.
- Bitcoin falls through $7500 support;
- Bitcoin price rewinds to $7,800 as cryptocurrency market drops $27 billion overnight;
- Bitcoin community celebrates Happy Pizza Day;
- European parliament passes a resolution to support distributed Ledger technologies and blockchains;
- Iran and Russia consider using cryptocurrency to evade us sanctions;
- Australia wants to distribute it’s welfare program “Centrelink” through a blockchain;
- 1 million transactions/sec: Japan’s largest bank plans blockchain payments in 2020;
- Former Visa ceo moves to startup that uses cryptocurrency to process everyday payments;
- Bank in Argentina trials Bitcoin $BTC for cross-border payments;
- Cheapair.com first online travel agency to accept Litecoin, Bitcoin Cash and Dash;
- Chinese watchdog identifies 421 cryptocurrencies as outright scams;
- Chinese police arrest six over alleged $48m crypto fraud;
- Uk forex operator LMAX to launch cryptocurrency exchange for banks and hedge funds;
- Coinbase buys ZRX-based exchange Paradex;
- Coinbase met with regulators to discuss banking license;
- Coinbase wants to rebrand it’s exchange GDAX into Coinbase Pro;
- Wirex payment cards are now available in Europe;
- IoTeX launch on Kucoin & Gate.io;
- Coingate adds Lightning network support;
- Japanese cryptocurrency MonaCoin (MONA) hit by selfish mining attack;
- Bitcoin Gold (BTG) hit by double spend attack, exchanges lose millions;
- Zcash (ZEC) price jumps over 50% for the week ahead of Gemini listing;
- Coincheck to delist privacy coins Monero, Zcash, and Dash;
- Qiibee (QBX) airdrop has begun distributing $420,000 usd- worth of QBX tokens;
- Bytecoin (BCN) hardfork delayed;
- STRAKS (STAK) listed on HitBTC;
- Trueusd (TUSD) officially launches on binance with increased supply;
- NAGA (NGC) listed on Bittrex;
- ZenCash (ZEN) listed on Binance;
- Verge (XVG) getting exploited again, with the same exploit modified;
- Announcing new listing rules of OKEx; 3 new methods: vote, collaboration, and community building;
- Monero developers introduce second layer named “Tari”;
Market Cap: $333.033.423.848
24h Vol: $21.386.195.854
BTC Dominance: 39%
Pareto Network – the first peer-to-peer financial information platform serving investors in cryptocurrencies and blockchain-based ventures – today announced that Jon Klein has joined its Advisory Board. Mr. Klein was formerly President of CNN/U.S. and is recognized for his record of innovation within the journalism and media sector.
Eight years ago, a landmark deal was made. For the first time a real good was purchased using. It were two pizzas from Papa John’s.
On 22 May 2010 the first case of payment with bitcoins for real goods took place. Laszlo Hanyecz, a programmer from Jacksonville, Florida, bought 2 pizzas from Papa John’s for 10,000 BTC worth $25. At current rate, it would be more than $83 million. Lazlo obtained his bitcoins with the help of mining.
The North American Securities Administrators Association (NASAA) today announced one of the largest coordinated series of enforcement actions by state and provincial securities regulators in the United States and Canada to crack down on fraudulent Initial Coin Offerings (ICOs), cryptocurrency-related investment products, and those behind them.