After China announced its ban on domestic exchanges trading Bitcoin, South Korea is the next country that also came out with the news that it is going to ban Initial Coin Offering (ICOs). With the popularity of ICOs going through the roof, with some estimating that the total market value of the ICO market is…
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The 23-year old co-founder of Ethereum, Vitalik Buterin, gave an interview to two of the largest news reporting companies in South Korea, JoongAng Daily and JoongAng Ilbo, expressing his thoughts on the future of Ethereum, ICOs and the cryptocurrency merits, as reported by Cointelegraph. Vitalik spoke about the issues that Ethereum is currently facing with scaling.…
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Polymath, the first-ever securities token platform, has unveiled an impressive list of advisors to support its launch, including some of the top minds in blockchain, rising CEOs, founders of cryptocurrencies, and fintech heavyweights. The company, founded by former NHL player and entrepreneur Trevor Koverko, has also announced the names of the first three companies to…
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When China announced that all its domestic exchanges will stop trading Bitcoin from September 30th this year, the digital cryptocurrency markets have seen a huge dip in prices: Bitcoin alone was down with 40%, Ethereum with 10% and overall, last week was a "bearish" one for the "people's currencies". Just before the ban, the Initial…
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Only a couple of days after China announcing the domestic ban of several exchanges trading bitcoin, the cryptocurrency is back with 30% price increase in several days. The news that the Chinese exchange bans will not really impact the overall cryptocurrency industry around the globe calmed the markets. Only in the afternoon today, September 18th,…
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The Securities and Futures Commission (SFC) today issued a statement on existing regulations which could be applicable to initial coin offerings (ICOs). Today’s statement explains that depending on the facts and circumstances of an ICO, digital tokens that are offered or sold may be “securities” as defined in the Securities and Futures Ordinance, and accordingly…
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The Financial Industry Regulatory Authority (FINRA) has today issued an Investor Alert warning investors about the potential risks of participating in initial coin offerings, commonly referred to as ICOs. An ICO involves the creation and distribution of virtual coins or tokens by a company to raise capital. ICOs differ from initial public offerings (IPOs) of…
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