The Chamber of Commerce made its position and principles clear, and have called on the SEC and CFTC to take pro-active measures in understanding the cryptocurrency sphere, and subsequently regulating it.
The wallet and exchange service was given the all clear by the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority to purchase the companies, which will give Coinbase the scope to list securities under the direct oversight of the regulators.
In 2017, “over 70% of ICO funding (by $ volume) to-date went to higher quality projects, although over 80% of projects (by # share) were identified as scams,” according to the Statis study.
The collaboration between Binance and Neufund will see the setting up of Founders Bank, which will be focused on providing services to crypto customers, who, in turn, will be the shareholders of the bank through an ICO.
Two researchers found that just 44.2% of all ICOs launched remained active after four months of their launch date.Given that $12 billion has been injected into 4,000 projects through investment money, that’s a substantial amount that fizzled out.
Thailand’s financial markets regulator Securities and Exchange Commission has finally announced its regulatory framework for initial coin offerings. The laws will come into effect on July 16.
Dead Coins listed over 800 crypto tokens that were either extinct or now worth less than a cent, which, when combined with the failures of BTC, painted a bleak picture for initial coin offerings and token sales.
Blockchain investment firm Blackmoon is offering a token called BMxXMI. The price of this token is pegged to Xiaomi’s stock vale based on a dollar-for-dollar level.
Mobile app operator Kakao is making arrangements to raise funds for its new cryptocurrency platform, which will provide similar services as Steemit.
CEZA plans to limit the issuance of its licenses to 25, although each license holder can have 20-30 sub-licenses for traders and brokers.
The new position will administer the application of existing securities and insurance laws as they pertain to crypto and ICOs, and will also be responsible for the creation of the cryptocurrency regulatory framework in Florida.
It has been over four months since the wildly hyped (and ridiculed) Petro ICO. And the token has been suffering one rejection after another.
