Case-By-Case or Cease-and-Desist? In Search Of a New Approach to ICOs

That rumble you hear is the sound of regulators around the world mobilizing resources to tackle the pressing matter of token sales. Yet, in spite of the spectacular growth of blockchain token-based funding, no one seems to have a clear idea of what type of rules to introduce. The resulting uncertainty (not to mention ridicule) is left hindering progress as money flows to unviable projects and investors are left vulnerable to foul play – exactly what regulation is supposed to prevent. Perhaps Read more …

Markets Update: Bitcoin Prices See Some Uptrend During the Weekend

Markets and Prices The price of bitcoin has been trending higher since our last markets update and is currently hovering around the $4,275 – $4,295 zone on September 30 at 11:00 pm EDT. The decentralized cryptocurrency has climbed roughly 2 percent on a daily basis over the course of last week as buyers steadily chew through market resistance. Also read: Cayman Investment Forum Focuses on Rise of Bitcoin and Failing Dollar Bitcoin Markets Feel a Quick Upwards Rush Read more …

Will bitcoin ever be a safe investment or always a gamble? | Money

The boss of JP Morgan was unequivocal about bitcoin at a recent conference in New York: the digital currency was only fit for drug dealers and would eventually blow up. “[It] isn’t going to work,” said Jamie Dimon. “You can’t have a business where people can invent a currency out of thin air and think that the people who are buying it are really smart.” A few days after Dimon’s comments, the value of bitcoin plunged when the Chinese authorities announced a Read more …

Countdown to the Rhea ICO Launch

Rhea is launching the Crypto20 trading platform, a capitalization index of the top 20 cryptocurrencies enabling investors to hedge their investments across a range of the top rated, by market cap, cryptocurrencies. The Rhea ICO will begin on Monday, October 2nd. [Note: This is a sponsored article.] Simplifying Crypto Investing with Rhea and the Crypto20 Cryptocurrency investment can be a minefield for those new to the field, presenting a dizzying range of options combined with what can often be a Read more …

Swiss Regulators Investigating ICOs, Still Support Blockchain

The Swiss financial regulatory board, Financial Market Supervisory Authority (FINMA), has increased its investigations into ICOs in Switzerland, according to a press release yesterday. The move comes after a substantial uptick in the number of ICOs based in the country, according to the document. The Swiss financial board has also indicated that many of the ICOs that are currently active have already likely breached existing law that regulates financial instruments within the country. These include money laundering and terrorist measures, securities trading Read more …

More Trust In Government Than Bitcoin

Patrick Harker, the head man at the Philadelphia Federal Reserve Bank, took the stage during a fintech event to question the trust factor involved in money. The Fed spokesman made it clear that Bitcoin still lacks the trust that dollars possess. He also made it clear that, should a substantial catastrophe strike Bitcoin, investors would quickly flee the currency for dollars. Harker said: “The paper that’s in your pocket, that we call money, only has value because we believe it has value, because Read more …

IBM’s Future Blockchain Projects May Give New Meaning to its Name

Juniper Research has released the results of a survey indicating that International Business Machines (IBM) is the top provider of Blockchain among all other companies, with 43% of the vote. Instead of “International Business Machines,” IBM could very well stand for “International Blockchain Model” in the near future. On the same survey entitled, “Blockchain Enterprise Survey,” Microsoft came in second with 20% of the vote, followed by Accenture. Several factors were noted on the rise of IBM to the number Read more …

The Brand and Plant of Motor Oils POLYMERIUM Announces Pre-Sale of Tokens

Before the launch of ICO, the main selling of tokens, the manufacturer of motor oils POLYMERIUM announces the sale of tokens with a discount of 60%. The goal of the project is the construction of new factories in Russia and China, as well as the scaling of mini-factories in the franchise program around the world (more than 30 factories per year). In addition to the construction of factories, POLYMERIUM company develops a counterfeit/control system based on the technology of blocking, Read more …

WSJ Cites Bitcoin’s Most Volatile Quarter, Facts Say Otherwise

A recent article in the Wall Street Journal critiqued Bitcoin for having an unusually volatile quarter, with prices ranging from peak levels at $5,000 all the way down to $3,000 lows. Such volatility is unprecedented, according to the author who said:  “Bitcoin more than doubled in price, then plunged by a third in what was a hectic three-month period even by the virtual currency’s Wild West standards.”  Not uncommon at all Bitcoin did indeed have a volatile quarter, but not uncommonly so. Read more …

Guns & Crypto: How Bitcoin Is Helping Keep Cody Wilson’s Anarchist Dream Alive

Cody Wilson is expecting a nice bump in sales from bitcoin’s rising price. The controversial founder of Defense Distributed, a manufacturer of machines for 3-D printed firearms, told CoinDesk that despite its admittedly niche appeal, his company is flourishing. Founded in 2012, Defense Distributed has evolved into a multimillion-dollar operation that today generates 10 percent of its revenue from bitcoin. But it’s not particularly surprising the cryptocurrency community would be supportive of the project. Wilson has been a part of Read more …