Gladius Gets Reprieve from the SEC and Returns its ‘Unregistered ICO’ Cash

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Gladius Gets Reprieve from the SEC and Returns its ‘Unregistered ICO’ Cash

Gladius Network LLC self-reports to the SEC for overseeing an unregistered ICO enabling them to avoid penalties provided that they pay all the investors who request for a refund.

Gladius Gets Reprieve from the SEC and Returns its ‘Unregistered ICO’ Cash

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Source: CoinSpeaker

STO Issuers Would Likely Need to Register as Public Companies Under the Securities Exchange Act

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STO Issuers Would Likely Need to Register as Public Companies Under the Securities Exchange Act

Here’s a look into the growing popularity of Security Tokens and the regulatory path for the token issuers lying ahead.

STO Issuers Would Likely Need to Register as Public Companies Under the Securities Exchange Act

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Source: CoinSpeaker

SEC to Clarify ‘Overly Broad’ Regulation for Crypto Token Sales

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SEC to Clarify ‘Overly Broad’ Regulation for Crypto Token Sales

The crypto-darling SEC commissioner Hester Peirce is explaining delays in a regulatory toolset for token offerings as she mobilizes financial authorities to work on a deliberate approach to digital assets.

SEC to Clarify ‘Overly Broad’ Regulation for Crypto Token Sales

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Shutdowns and Ascents: Will the Political Crisis in the US Give a Boost to the Crypto Market?

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Shutdowns and Ascents: Will the Political Crisis in the US Give a Boost to the Crypto Market?

While the notorious US deadlock is officially over, it hardly affected the whole crypto industry and now the new scenarios urge companies look for faster and more reliable ways to attract funding. Here’re the most promising alternatives.

Shutdowns and Ascents: Will the Political Crisis in the US Give a Boost to the Crypto Market?

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Source: CoinSpeaker

Don’t Judge a Blockchain Startup By Its Cover

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Don’t Judge a Blockchain Startup By Its Cover

Stephan Vogel, head of Business Development for Lition, unveils what is so unique about their scalable public-private blockchain, which is set to become the standard for business across all industries.

Don’t Judge a Blockchain Startup By Its Cover

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Sharing of Goods, Skills, and Assets with the Use of a New Cryptocurrency

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Sharing of Goods, Skills, and Assets with the Use of a New Cryptocurrency

eSwitch will be the cryptocurrency of a new system of exchange and sharing of goods and services in which humans and these universal values will be the center.

Sharing of Goods, Skills, and Assets with the Use of a New Cryptocurrency

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Source: CoinSpeaker

Introducing a Regulatory Compliant STO Dashboard by Priority Token

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Introducing a Regulatory Compliant STO Dashboard by Priority Token

Priority Token presents one-of-a-kind Priority Token STO Dashboard to lay the ground for project’s success, both legally and technically.

Introducing a Regulatory Compliant STO Dashboard by Priority Token

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Source: CoinSpeaker

Binance Launchpad to Host Yet Another Token Sale, Now It’s Time for Fetch.AI to Set Records

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Binance Launchpad to Host Yet Another Token Sale, Now It’s Time for Fetch.AI to Set Records

The Fetch AI token sale will start on February 25 on Binance Launchpad. The price will be announced on the day of the launch and set in Binance Coin (BNB).

Binance Launchpad to Host Yet Another Token Sale, Now It’s Time for Fetch.AI to Set Records

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Source: CoinSpeaker

U.S. Shutdown to Have a Long-Lasting Effect on Arrival of Crypto Institutional Products

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U.S. Shutdown to Have a Long-Lasting Effect on Arrival of Crypto Institutional Products

Analysts predict that amidst the long pending work, regulatory agencies won’t give any attention to crypto investment products in the near time.

U.S. Shutdown to Have a Long-Lasting Effect on Arrival of Crypto Institutional Products

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Source: CoinSpeaker

Depressed Crypto Markets Make Great Buying Opportunities for VCs

When the first two crypto hedge funds came on the scene in December 2017 the entire market and industry was in a completely different place. Bitcoin was trading in five figures and on a seemingly unstoppable upward surge so shorting it, as these funds allowed for the first time ever, was the better bet.
Hedge Turns Venture for Long Term Investments
Just over a year later the scene is completely different and crypto markets appear to be a desolate wasteland with Bitcoin eyeing further losses below $3,000. Shorting long term is less than appealing so the only place to go for venture capitalists is long on Bitcoin and crypto. Hedge funds investing in crypto now are starting to look more like VCs as the ICO market dissolves into a different form of investment.
According to Bloomberg there are several VCs that are looking at the long game, Polychain Capital being one that has just raised $175 million for a seven year fund. Arca Funds is another that is considering buying up distressed crypto projects as partner and portfolio manager, Jeff Dorman, explained;
“There’s going to be a lot of opportunity in distressed buying and even activist investing. Often you can buy below even the cash value of the company.”
According to Crypto Fund Research around 125 venture funds that provide capital in exchange for an ownership stake were launched in 2018, compared with 115 hedge funds acting as investors. Many of these hedge turned venture funds are focused on acquiring heavily discounted Simple Agreements for Future Tokens (SAFTs) from projects that plan to issue tokens on startup. Pantera Capital Management expects to see more companies raising capital this way, as its own fund invests in tokens ahead of ICOs.
Eurekahedge Crypto-Currency Hedge Fund Index reports that 70% of crypto hedge funds lost out last year while 42 closed up. 2019 will be the year where only the strongest survive but unlike 2018, buying opportunities will be plentiful. Managing partner at Texas based Multicoin Capital Management, Kyle Samani, said;
“We are talking to a lot of institutional investors. A lot of smart people who’ve been interested in crypto for a year, two years, and were waiting for it to cool down, are now looking at the space activity.”
Many of the new funds have longer lock-up periods so investors will be looking at a long term gain rather than quick returns from ICOs. With any nascent technology overnight gains can be a good thing initially but the long term is where the real returns will be and crypto has a long way to go yet.
Image from Shutterstock
 
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Source: New feedNewsBTC.com

South Korea Will Remain Firm on Maintaining ICO Ban, Reveals Country’s Financial Watchdog

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South Korea Will Remain Firm on Maintaining ICO Ban, Reveals Country’s Financial Watchdog

According to FSC, the ban will not be lifted, as firms conducting ICOs were making use of foreign jurisdictions, simultaneously raising funds from South Korean nationals.

South Korea Will Remain Firm on Maintaining ICO Ban, Reveals Country’s Financial Watchdog

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Source: CoinSpeaker

7 Attention-Grabbing Cryptocurrency Trends that Will Define Business in 2019

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7 Attention-Grabbing Cryptocurrency Trends that Will Define Business in 2019

In this guest post, Scott Mathews, crypto enthusiast and professional content writer, explains the concept behind cryptocurrencies taking a look at attention-grabbing trends that are most likely to be crucial for 2019.

7 Attention-Grabbing Cryptocurrency Trends that Will Define Business in 2019

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Outcome of Kik’s Case against SEC will Affect Other Cryptos – Weiss Ratings

Following Kik’s Challenge of SEC in court over its KIN ICO, Weiss Ratings has observed that the decision of the court concerning the case will be of great impact on other cryptocurrencies that have similar underlying technology. According to a post on Weiss Ratings Twitter page,
“Messaging app #Kik is going to court after #SEC deemed its #ICO to be an unregistered security. The outcome will set the precedent on how these tokens are regulated. This is similar tech to that of #XLM and #XRP, so the final result may affect these as well.”
A fight to liberate ICOs?
The SEC has been quite strict on ICOs of recent, closely monitoring their activities. While the SEC considers this an attempt to protect investors within the cryptocurrency space, companies running ICOs consider it a fight against their business.
Kik is this time saying enough is enough as the SEC says Kin, a token owned by the company is not a registered investment. If Kik gets to be favored by the court, other crypto companies with their tokens may just have a slight relief from SEC and not be subject to the same rules as conventional investments. On the other hand, if they lose, well, that will be another story entirely.
What may happen to cryptocurrencies
The cryptocurrency industry has been in the bear market for several months now starting from 2018. Currently, none of the top ten cryptocurrencies are in the green because of another bout of decline that hit the market earlier today.
Many in the crypto community believe this could be solved by bringing Bitcoin ETFs into the arena. The approval, however, has been a long-standing struggle. Is it possible that Kik’s possible victory in court may also pave way for a bitcoin ETF approval soon?
The outcome will be really interesting to find out and the entire industry will be watching with much interest to see how it unfolds.
The post Outcome of Kik’s Case against SEC will Affect Other Cryptos – Weiss Ratings appeared first on Coingape.
Source: CoinGape

Singaporean Monetary Authority Halts ICO Token for Regulatory Breach

An official website of Monetary Authority of Singapore (MAS) has published a report of ceasing a security token offering. According to the statement, the firm wasn’t authorized for a certain offering to proceed under the Securities and Future Act (SFA).
MAS Ceased ICO Offering
The news broke out on Thursday, Jan 24, 2019, via the official website of MAS wherein, the blog post, entitled ‘ MAS halts Securities Token Offering for regulatory breach’ states about unnamed ICO violating the law. However, the name of ICO or the company behind offerings is still out of sight but the agency has warned issuer to stop securities token offerings in Singapore. Moreover, the unnamed token found advertising their products/services on Linkedin openly.
Further, it states that the firm is not supposed to proceed token offering in Singapore until it complies with regulatory regime following Securities and Future Act (SFA). Additionally, MAS addresses investors and caution them to have due diligence before investing.
Reason Behind Halt Order
The same blog also claimed that the firm behind ICO planned on using ‘an exemption in Singapore’s Securities and Future Act’ means that the issuer can sell their offerings to ‘accredited investors’ only. However, with this process, issuers are free to make an offer to these accredited investors (high profile/wealthier investors) without having to register a prospectus with MAS. Through this, investors will gain a right to hold ‘particular number of tokens before they invest’. Having said that, the issuer began advertising their tokens on Linkedin social media. Although, this wasn’t the point for halt, but regulators have caught the ICO’s advertisement on Linkedin was redirecting these investors and the general public (as a whole) to invest in the ICO – which is not permissible in the exemption clause.
As a result, MAS ceased the securities offering of the firm. Following such cases, regulatory frameworks on crypto assets may have more stiffen soon in Singapore. Addressing the issue, Lee Boon Ngiap, Assistant Managing Director (Capital Markets), MAS said in a statement that;
“Where an offer is made to the public, a prospectus is required to ensure that investors are provided with all the information to make informed investment decisions. He continued,
“Some offers may be made without a prospectus if they are limited to a restricted group of persons or to those who have the means to look after their own interests. Such offers are subject to strict conditions such as advertising restrictions. MAS will not hesitate to act if issuers contravene the disclosure requirements under the SFA.”
Therefore, once the offer is made to the public in large, it must comply with regulations and as such investors must be conversant with all necessary information.
What’s your point on MAS decision on such offerings? share your thoughts.
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Source: CoinGape

Bitcoin Has All the Chances to Become the New ‘Digital’ Gold, and Here’s Why

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Bitcoin Has All the Chances to Become the New ‘Digital’ Gold, and Here’s Why

Bitcoin has good chances to win a competition with gold and become the premier alternative economic option in the world.

Bitcoin Has All the Chances to Become the New ‘Digital’ Gold, and Here’s Why

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Source: CoinSpeaker