We analyse 186 sources, 257126 news
Putin Issues Cryptocurrency Regulation Adoption Mandate
HIGHLIGHT

Putin Issues Cryptocurrency Regulation Adoption Mandate

Russian President, Vladimir Putin, ordered the government to ratify and enforce federal laws pertaining to cryptocurrency with 1 July 2019 as the deadline; introduced amendments to AML laws
Crypto Exchanges Update: OKEx Amplifies Leverage and Binance 'DEX' Reduces ‘Issue’ and ‘List’ Fees
HIGHLIGHT

Crypto Exchanges Update: OKEx Amplifies Leverage and Binance 'DEX' Reduces ‘Issue’ and ‘List’ Fees

OKEx implemented adjustments to increase leverage on margin trading to 5x on leading trading pairs in its platform. Binance decreased token fees on its decentralized exchange testnet
Electroneum Introduces a Smartphone that Rewards Users with ETN
HIGHLIGHT

Electroneum Introduces a Smartphone that Rewards Users with ETN

The newly launched M1 is Electroneum’s Android-based smartphone that incentivizes users with Electroneum tokens (ETN). ETN can be used to purchase airtime and data, and also for shopping. An M1 costs $80 and is said to be initially available only in South Africa
Hot

EOS Price Hit after Getting a C- in Decentralization by Weiss

Blockchain project EOS started this week on a negative note after an independent agency downgraded its rating from B to C-. Weiss Crypto Ratings published a report on December 6 wherein it demoted EOS to lower ranks over its centralization. The agency noted that just 0.01 percent of the EOS token holders control over 68 percent of the voting power on its blockchain. That allows a handful of entities to practice censorship over hundreds of thousands of EOS investors. In comparison, provable decentralized projects like Bitcoin works across 9,300 nodes to confirm and validate transactions atop its blockchain. 1/6 We’ve had great respect for work and thinking that went into the #EOS project. But the Weiss Crypto Ratings model is not based on opinion. It’s driven by data. And that data has now caused a downgrade from B to C-. Here's why (full article to be published soon): — Weiss Crypto Ratings (@WeissCrypto) December 6, 2019 EOS spent a quiet weekend but its value eventually took a toll during the Monday session. The EOS-to-dollar exchange rate was down by $0.083, or 3.02 percent, as of 1658 UTC. Against bitcoin, the cryptocurrency did relatively better, falling about 1.64 percent to trade at 359 sats. The market capitalization likewise took a plunge roughly worth $500 million to settle a low at $2.534 billion. At its December peak, it was $2.613 billion. Ascending Channel The latest move downside brought EOS close to retesting the support of an Ascending Channel. While the lower trendline certainly capped the price from falling further downward, the negative sentiment arising from the Weiss report could weaken it in the near-term. The bearish case prompts EOS to retest to close below the Channel Support and target 304-342 sats area as an accumulation range. In the event of a breakdown, traders could extend their short position towards 284 sats while keeping a stop loss above the level at which they had entered the trade. EOS is trending inside an ascending channel | Source: TradingView.com, Coinbase On the other hand, the price has not failed to reach the upper levels so far. A pullback action from Channel support could push EOS back towards the Channel resistance. Traders with low-risk appetite could use the bounce-back as an opportunity to open a fresh long position 405 sats. Meanwhile, they could minimize risks by maintaining a stop-loss order just below the Channel support. A Consideration From a fundamental point of view, investors who were bullish on EOS might find it hard to digest its centralization issues. The sentiment could prompt some to switch their positions for tokens with more attractive opportunities. Such a scenario could suit the breakdown scenario as discussed above. Meanwhile, traders can look to accumulate EOS ahead of the launch of Voice. EOS creator Block.One on Thursday announced that it would launch the EOS-based social media platform on February 14. While the announcement did not help neutralize trading sentiments immediately, traders can still speculate on the Voice launch to make interim profits. One could watch out for a reversal from Channel resistance – a sign that traders are processing the Voice news – and place his/her upside positions. EOS Price Hit after Getting a C- in Decentralization by Weiss was last modified: December 9th, 2019 by Yashu GolaThe post EOS Price Hit after Getting a C- in Decentralization by Weiss appeared first on NewsBTC.
NewsBTC

EOS Price Hit after Getting a C- in Decentralization by Weiss

Blockchain project EOS started this week on a negative note after an independent agency downgraded its rating from B to C-. Weiss Crypto Ratings published a report on December 6 wherein it demoted EOS to lower ranks over its centralization. The agency noted that just 0.01 percent of the EOS token holders control over 68 percent of the voting power on its blockchain. That allows a handful of entities to practice censorship over hundreds of thousands of EOS investors. In comparison, provable decentralized projects like Bitcoin works across 9,300 nodes to confirm and validate transactions atop its blockchain. 1/6 We’ve had great respect for work and thinking that went into the #EOS project. But the Weiss Crypto Ratings model is not based on opinion. It’s driven by data. And that data has now caused a downgrade from B to C-. Here's why (full article to be published soon): — Weiss Crypto Ratings (@WeissCrypto) December 6, 2019 EOS spent a quiet weekend but its value eventually took a toll during the Monday session. The EOS-to-dollar exchange rate was down by $0.083, or 3.02 percent, as of 1658 UTC. Against bitcoin, the cryptocurrency did relatively better, falling about 1.64 percent to trade at 359 sats. The market capitalization likewise took a plunge roughly worth $500 million to settle a low at $2.534 billion. At its December peak, it was $2.613 billion. Ascending Channel The latest move downside brought EOS close to retesting the support of an Ascending Channel. While the lower trendline certainly capped the price from falling further downward, the negative sentiment arising from the Weiss report could weaken it in the near-term. The bearish case prompts EOS to retest to close below the Channel Support and target 304-342 sats area as an accumulation range. In the event of a breakdown, traders could extend their short position towards 284 sats while keeping a stop loss above the level at which they had entered the trade. EOS is trending inside an ascending channel | Source: TradingView.com, Coinbase On the other hand, the price has not failed to reach the upper levels so far. A pullback action from Channel support could push EOS back towards the Channel resistance. Traders with low-risk appetite could use the bounce-back as an opportunity to open a fresh long position 405 sats. Meanwhile, they could minimize risks by maintaining a stop-loss order just below the Channel support. A Consideration From a fundamental point of view, investors who were bullish on EOS might find it hard to digest its centralization issues. The sentiment could prompt some to switch their positions for tokens with more attractive opportunities. Such a scenario could suit the breakdown scenario as discussed above. Meanwhile, traders can look to accumulate EOS ahead of the launch of Voice. EOS creator Block.One on Thursday announced that it would launch the EOS-based social media platform on February 14. While the announcement did not help neutralize trading sentiments immediately, traders can still speculate on the Voice launch to make interim profits. One could watch out for a reversal from Channel resistance – a sign that traders are processing the Voice news – and place his/her upside positions. EOS Price Hit after Getting a C- in Decentralization by Weiss was last modified: December 9th, 2019 by Yashu GolaThe post EOS Price Hit after Getting a C- in Decentralization by Weiss appeared first on NewsBTC.
NewsBTC/analysis
Virginia, USA-Based Pension Funds Invest in Crypto
HIGHLIGHT

Virginia, USA-Based Pension Funds Invest in Crypto

Morgan Creek Digital, a subsidiary of hedge fund Morgan Creek, racks up $40 mln new venture capital funding anchored by two public pension plans and a university endowment fund, a hospital system, a private foundation, and an insurance company, according to one of the firm’s founders Anthony Pompliano
DIGEST

The Perfect Time to 'Be Greedy' and Invest (Investment and Partnership Digest, Dec 20 — 26)

Traditional Investors shift to OTC Bitcoin markets, Pantera Capital raises $115M, Peter Thiel backs a $2.1M seed round for Layer1, Medici Ventures acquires shares of Chainstone Labs, Vostok Project secures $120M, Ubique Networks partners with SLT, INCX launches in partnership with Bittrex, Issuance partners with Prime Trust, Coinbase and TokenSoft partner up, TRON Arcade to work with Gumi Cryptos
DIGEST

What Is the 'Least Speculative Investment' & Who Will Create Standards for the Crypto Industry (Investment and Partnership Digest, Dec 13 — 19)

CONSOB suspends two projects, Kakao invests in Orbs, TokenSoft invests in a SEC-compliant broker-dealer, Weiss Ratings recommends to buy BTC, France wants to invest $569M in blockchain, crypto-focused VCs invest $30M in Good Money, Tim Draper invests $1.25M in OpenNode, Waves partners with TSA, ICON partners with LayerX, BitDeer teams up with BTC.com and AntPool

$15 billion asset manager is the latest to receive SEC approval for its bitcoin futures fund

A new bitcoin futures fund managed by the $15 billion asset manager Stone Ridge has been approved by the U.S. Securities and Exchange Commission (SEC). While firms like Galaxy Digital and VanEck have recently rolled out similarly structured funds, the new fund intends to invest only in cash-settled futures, which addresses the SEC's concerns regarding potential market manipulation and has won it a personal endorsement from SEC official Dalia Blass. Stone Ridge Trust VI filed the registration statement for the NYDIG Bitcoin Strategy Fund in October. After two subsequent amendments, the registration went into effect on Monday. Stone Ridge Funds, a subsidiary of Stone Ridge Holdings Group targeted at institutional clients with long-term horizons, will act as the new fund’s investment advisor, according to the filings. By Aug. 30, the group has managed approximately $15 billion worth of assets. The new fund is “a non-diversified, closed-end management investment company,” the filings say. Its shares are not listed on any exchange and only institutional traders can invest at a price of $10 per share. Shareholders may not sell or repurchase their shares on a daily basis but can only periodically sell portions of their shares back to the fund. This feature is designed to only draw in long-term investors with sustainable investment goals and relatively high-risk tolerance. Furthermore, the NYDIG Bitcoin Strategy Fund will not directly invest in digital assets like Bitcoin, the filings claim but will focus on investing in bitcoin futures contracts. "Prime example" The new fund came as a result of the SEC’s recent effort to engage the fund industry in conversations about investor protection, according to last week’s speech by Director of the SEC’s Division of Investment Management, Dalia Blass. In her speech, Blass gave the agency’s rationale for supporting the fund. Firstly, the fund will only invest in cash-settled futures, which will mitigate the risks and challenges involved in direct holdings of digital assets. Secondly, since the fund is a closed-end interval fund that does not offer daily redemptions, it will not suffer from large, short-term liquidity demands by market makers and its price will remain relatively stable. Moreover, the fund has taken measures to prevent potential manipulation, including offering substantive risk disclosures, recruiting only registered investment advisers, and setting an initial cap of $25 million to limit the fund's size and growth trajectory. At the same time, however, she emphasized that “no investment products are absolutely risk-free,” which she said is particularly true when it comes to newly emergent investment strategies like those seen in the digital asset market. Blass considers the NYDIG Bitcoin Strategy Fund a “prime example” of the SEC’s recent engagement efforts and claimed that the agency “welcome[s] and value[s] constructive industry engagement regarding new products and novel investment strategies.” SEC Commissioner Hester Peirce echoed Blass’s restrained optimism and tweeted that the launch of the new fund shows “a bit of progress” in this regard.
The Block Crypto

Regulatory Roundup: Bitcoin Futures Fund Approved, India’s RBI-Backed Digital Currency

In this regulatory roundup, we cover the U.S. SEC approving a bitcoin futures fund, the new IRS tax form targeting crypto owners, and several more steps taken by the U.S. government toward crypto regulation. We also cover India’s central bank digital currency plan, South Korea’s crypto taxation plan, and the European Commission’s announcement regarding stablecoins. Also read: Regulatory Roundup – Germany to Let Banks Sell and Store Crypto, Laws Changing in Asia SEC, IRS, Financial Stability Council, Senate Several U.S. regulators took some notable steps pertaining to their cryptocurrency oversight last week. In the financial sector, the Securities and Exchange Commission (SEC) green-lighted a bitcoin futures fund while still contemplating whether to approve bitcoin exchange-traded funds (ETFs). The NYDIG Bitcoin Strategy Fund is now preparing to launch with the objective of investing in cash-settled bitcoin futures contracts traded on CFTC-registered commodity exchanges. Stone Ridge Trust VI will be the fund’s investment advisor. Over in the tax arena, the Internal Revenue Service (IRS) has finalized and published a new tax form mandating tax filers to disclose whether they bought, sold, exchanged, or acquired any cryptocurrencies during 2019. The agency also revealed its plans last week to identify and convict crypto tax evaders. Meanwhile, the U.S. Financial Stability Oversight Council, chaired by Secretary of the Treasury Steven Mnuchin, has published a report discussing crypto assets. While noting that their market capitalization has grown rapidly, the council asserted that “so far, digital assets have not been widely adopted as a means of payment or store of value.” Nonetheless, the report details: The council recommends that federal and state regulators continue to examine risks to the financial system posed by new and emerging uses of digital assets and distributed ledger technologies. In addition, Georgia Governor Brian Kemp picked former Bakkt CEO Kelly Loeffler last week to replace Senator Johnny Isakson who is retiring at the end of the month. Loeffler is expected to take office on Jan. 1. India Reveals RBI-Issued Digital Currency Plan The governor of the Reserve Bank of India (RBI), Shaktikanta Das, has revealed the central bank’s plan for a state-backed digital currency. Until now, there have been conflicting reports of whether the Indian government is planning to issue a digital rupee. The RBI governor himself has now shed some light on the situation. While noting that it is still very early to discuss the matter, he admitted that some discussions are going on and the RBI has “examined it internally.” Furthermore, “As and when the technology evolves with adequate safeguards,” the governor said: I think it is an area where the Reserve Bank will certainly look at seriously at an appropriate time. RBI Governor Shaktikanta Das The central bank’s stance on bitcoin and other cryptocurrencies has not changed, however, and the banking restriction on the crypto industry is still in place. The Indian supreme court is scheduled to resume hearing the arguments against the RBI ban on Jan. 14. South Korea Pushes for Crypto Taxation South Korea may soon change its tax laws to include cryptocurrencies. The Korea Times reported on Sunday that the government is seeking to start imposing taxes on capital gains from crypto transactions. The Ministry of Economy and Finance has reportedly confirmed that it is pushing for the measure to be reflected in tax legislation next year. An official of the ministry said: Related discussions have been taking place. The revised bill will be drawn up by the first half of next year. The cryptocurrency regulation in South Korea is also undergoing changes following the passing of an amendment bill at the end of last month. Among other requirements, crypto exchanges must register with the Financial Services Commission’s Financial Intelligence Unit, have a system that complies with the standards set by the Financial Action Task Force (FATF), and use the real-name system. The new rules will go into effect one year after the regulation is promulgated. EU Announces Position on Stablecoins The European Council and the European Commission issued a joint statement regarding stablecoins on Thursday after several countries expressed concerns over Facebook’s planned currency, Libra, over the past months. While acknowledging that these coins may present cheap and fast payment opportunities, the two European authorities claim there are many risks. They wrote: “these arrangements pose multifaceted challenges and risks related for example to consumer protection, privacy, taxation, cyber security and operational resilience, money laundering, terrorism financing, market integrity, governance and legal certainty.” The Council and the Commission asserted that their concerns are likely to be amplified and new risks could emerge when a stablecoin has the potential to reach a global scale. Their joint statement reads: The Council and the Commission state that no global ‘stablecoin’ arrangement should begin operation in the European Union until the legal, regulatory and oversight challenges and risks have been adequately identified and addressed. Japan’s 21 Crypto Exchanges and Ukraine’s New Law Japan’s top financial regulator, the Financial Services Agency (FSA), recently approved the country’s 21st cryptocurrency exchange. Lastroots began operations in 2017 before Japan started regulating crypto assets. The exchange applied for registration in September that year but was never approved until now. Meanwhile, the Bank of Japan has released a report which identifies and examines the main legal issues surrounding central bank digital currencies (CBDCs). However, the bank said it is currently not considering issuing one. Over in Ukraine, amendments to a draft law have been approved, describing “virtual assets” as property and a digital expression of value that can be traded or transferred and used for payment or investment purposes. The new legislation aims to transpose the FATF standards into Ukraine’s national law. In addition, Ukrainian crypto companies can now receive grants of up to $75,000 each from the government. What do you think of the regulatory developments in the crypto space covered in this roundup? Let us know in the comments section below. Images courtesy of Shutterstock. Did you know you can buy and sell BCH privately using our noncustodial, peer-to-peer Local Bitcoin Cash trading platform? The local.Bitcoin.com marketplace has thousands of participants from all around the world trading BCH right now. And if you need a bitcoin wallet to securely store your coins, you can download one from us here. The post Regulatory Roundup: Bitcoin Futures Fund Approved, India’s RBI-Backed Digital Currency appeared first on Bitcoin News.
Bitcoin News
DIGEST

Completed, Ranked, Ordered (Weekly Digest, Feb 25 — Mar 01)

Ethereum Constantinople: completed, Tesla or BTC, China and Coinbase Pro praising Tron, Russia to finally decide on crypto, successful investment rounds despite the crypto winter, Japanese major securities brokerage to pass a review, Swiss bank to provide crypto-related services, Coinomi's pledges of security
MEW Integrates with Bity for Crypto-to-Fiat without KYC
HIGHLIGHT

MEW Integrates with Bity for Crypto-to-Fiat without KYC

Users of newly redesigned MEW V5 can now swap bitcoin or ethereum to Swiss francs or euro, direct from the wallet, through crypto finance platform Bity. The maximum amount for crypto-to-fiat exchange is 5,000 Swiss francs (CHF), approximately $5,000. Know-your-customer verification is not required
DIGEST

Under Control (Regulatory Digest, Feb 14—20)

Updates on Shift Card, Bank of Lithuania and ETF rules in Indonesia, police to tackle some crimes in Canada India and Turkey, IIT Bombay to join Ripple's UBRI, UAE waste permit portal on blockchain, Germany's interest and Spain's skepticism, Oracle for Czech SDK.finance

EU Finance Ministers Place Defacto Ban on Libra

Libra’s ongoing organizational snags and run-ins with regulators continue into December, as EU finance ministers agreed Thursday that Libra cannot be launched in the EU until concerns are adequately addressed. The finance ministers issued a joint statement citing regulatory “challenges and risks.” Also Read: Libra Testnet Fails to Impress as New Legislation Looms Lawmakers Still Reluctant Just last month news.Bitcoin.com reported on the “Managed Stablecoins are Securities Act of 2019,” proposed legislation in the U.S. which seeks to regulate libra as a security, going against Libra representatives’ stated vision for the project. Project head David Marcus has loosely compared Libra to something more like a Paypal-type payments platform. Though devs are reporting notable successes with the testnet, and a 2020 release is still in view, regulatory worries continue to crop up. Most recently, from EU finance ministers via the EU Council and Commission. The ministers agreed in a joint statement Thursday that: No global stablecoin arrangement should begin operation in the European Union until the legal, regulatory and oversight challenges and risks have been adequately identified and addressed. Like most official statements surrounding the Libra project thus far, the EU finance ministers are careful to give lip service to potential benefits. “Technological innovation can produce great economic benefits for the financial sector, promoting competition and financial inclusion, broadening consumer choice, increasing efficiency and delivering cost savings for financial institutions and the economy at large,” the statement reads. However, promotion of concepts like financial inclusion is soon tempered with commonly repeated regulatory lines when it comes to cryptocurrencies: At the same time, these arrangements pose multifaceted challenges and risks related for example to consumer protection, privacy, taxation, cyber security and operational resilience, money laundering, terrorism financing, market integrity, governance and legal certainty. The statement ends by turning the focus away from private solutions to state-sponsored initiatives like Central Bank Digital Currencies (CBDC) and praising the European Central Bank (ECB). “We note that the ECB and other central banks and national competent authorities will explore further the ongoing digital transformation of the payment system and, in particular, the consequences of initiatives such as “stablecoins”. We welcome that central banks in cooperation with other relevant authorities continue to assess the costs and benefits of central bank digital currencies…” Libra Struggles On The joint statement comes as the Commission is reportedly working on stablecoin regulation already, with VP Valdis Dombrovskis saying in a speech: “Today the Ecofin endorsed a joint statement with the Commission on stablecoins. These are part of a much broader universe of crypto assets … A number of Member States like France, Germany or Malta introduced national crypto asset laws, but most people agree with the advice of the European Supervisory Authorities that these markets go beyond borders and so we need a common European framework.” When the EU and governments worldwide will finally be ready for Libra, if ever, remains to be seen. As a large chunk of major league members have left the Libra Association already — such as Paypal, Visa and Mastercard in recent months — the project has no shortage of challenges as it continues pushing forward. What do you think of the EU Finance Ministers’ joint statement? Let us know in the comments section below. Images credits: Shutterstock. Want to create your own secure cold storage paper wallet? Check our tools section. You can also enjoy the easiest way to buy Bitcoin online with us. Download your free Bitcoin wallet and head to our Purchase Bitcoin page where you can buy BCH and BTC securely. The post EU Finance Ministers Place Defacto Ban on Libra appeared first on Bitcoin News.
Bitcoin News

Brazil IRS Creates Penalty Code For Dishonest Crypto Taxpayers

The IRS in Brazil has turned the spotlight on crypto deals and transfers, creating a special penalty code to fine for misreporting. Brazil Requires Monthly Filings for Crypto Activity Failing to file a monthly report of crypto asset movements triggers “Revenue code 5720 – Default for Default / Incorrect / Delay in Reporting on Transactions Performed with Crypto”, reported community portal OBN. Brazil introduced crypto regulation this August, and the IRS claims it has received reports for $14 billion in transactions in the past few months. It is uncertain how that figure was reached, and whether it is based on transfers alone, or involves trading. The IRS requirement, however, may only involve transactions related to trading. Moving actual coins is anonymous in most cases. When a coin is traded for fiat, however, a taxable event must be accounted. For instance, accounting for November trades must happen by the end of December. Based on LocalBitcoins volumes, interest in Brazil is relatively stable. Local exchanges remain highly active, though the Brazilian real makes up about 0.03% of total BTC trading globally. The taxation approach in Brazil resembles that for the US IRS. The taxman also observes certain accounts, and some of the exchanges and brokerages are obligatory reporters. Simply holding BTC, however, does not generate a taxable event, despite the price fluctuations. But revenue services around the world are also learning about the transparency of the Bitcoin network, and the potential to trace transactions directly. The technique, reserved for criminal investigations, is also known to the US IRS. US IRS Extends Blockchain Exploration to Crack Down on Crime One of the biggest crackdowns on BTC usage for 2019 happened in relation to the website Welcome to Video, a darknet network offering underage content. With the help of Chainalysis, the IRS and law enforcement managed to link BTC addresses to accounts and real-world identities. “By analyzing the blockchain and de-anonymizing bitcoin transactions, IRS-CI special agents were able to identify hundreds of predators around the world – even though those users thought that they could remain anonymous,” the IRS reported. BTC ownership and trading is regulated in vastly different ways. For most countries, recognizing a gain on selling the assets would be a reportable event. Rules differ on the time period of holding the asset, as US-based traders face differentiated taxes for short-term and long-term BTC investment. The latest IRS annual report, details that the service has achieved a 91% conviction rate for crypto tax crimes in 2019 alone. This figure demonstrates the growing efforts of the tax authorities to clamp down on crypto tax dodgers. Right now, Bitcoin has added more than 90% to its price since the start of 2019, but may also incur losses depending on the time of purchase and sale. What do you think about Brazil’s approach to BTC transaction taxation? Share your thoughts in the comments section below! Images via Shutterstock The post Brazil IRS Creates Penalty Code For Dishonest Crypto Taxpayers appeared first on Bitcoinist.com.
Bitcoinist
ICORating
A Comprehensive List of Dapps Catalogs
OPINION

A Comprehensive List of Dapps Catalogs

Probably, this is the most extensive compilation of all dapps aggregators and targeted lists so far
Typical ICO in Q3: a Lone Closed-source dApp Idea With Unknown Founders
OPINION

Typical ICO in Q3: a Lone Closed-source dApp Idea With Unknown Founders

On November, 16, ICORating has released its Quarterly Report ICO Market Research Q3. Total sum raised by 597 ICOs is $1,819,585,090 in Q3 (in Q2, 827 projects collected $8,359,976,282). Some more prominent facts:
Why Do We Need to Wrap Bitcoin?
OPINION

Why Do We Need to Wrap Bitcoin?

BitGo, Kyber Network, MakerDAO, IDEX and many other crypto companies partnered to create a Bitcoin-backed Ethereum token, Wrapped Bitcoin. This token will represent BTC, 1 token equal to 1 BTC stored in the custody of BitGo. It could be used to trade BTC on DEXes, the whole administration will be via DAO, similar to Maker system
DIGEST

Top ICOs Raising Funds, Week 51 ’18

Total raised funding amount on Week 51 comes to $61M, which is +64.7% in comparison with the previous Week 50 ($21.5M)
DIGEST

Top Upcoming and Active ICO Projects, Week 52 ’18

In the below list you'll find some new ICO projects which have to be paid attention to: Arcana, Dataeum. We have also prepared the list of Top ICOs that are active: Eloncity, Javvy, Envoy
DIGEST

Top ICOs Raising Funds, Week 50 ’18

Total raised funding amount on Week 50 comes to $21.5M, which is -62.2% in comparison with the previous Week 49 ($56.9M)

Huobi US Closes Doors After Weak Demand

The US partner of the Huobi exchange has decided to fold its business, due to low demand and liquidity. The HBUS platform will stop its operations after December 15. Huobi US Failed to Spark Trading Interest HBUS, the platform that was supposed to replace the international Huobi service for US traders, was launched just months ago. HBUS encouraged all US-based traders to transfer from the international exchange, to avoid sanctions and limitations. The move to create HBUS with the help of a local partner is similar to the decision of Binance to move out of the US. HBUS worked on compliance, but could not regain the interest and liquidity. In the meantime, Huobi has turned into one of the powerhouses of crypto trading, mostly answering the demand of Chinese users. HBUS also hinted at a reorganization, closing doors so it can “return in a more integrated and impactful fashion as part of its ongoing strategic layout”. Still, users are urged to withdraw their funds before January 31. The decision to close was unexpected, as HBUS recently celebrated the expansion of the HUSD stablecoin. The $100 million milestone for $HUSD The #MarketCap of HUSD Token (HUSD) surpassed $100 Million on 3rd, December. HUSD is a safe and regulated $dollar-backed #Stablecoin to reach that threshold in five months.#cryptocurrency @HuobiGlobal @livio_huobi @HuobiWallet pic.twitter.com/cOMB4CoJ5S — HUSD (@Stablecoin_HUSD) December 6, 2019 The HUSD token is mostly used on Huobi Global, and despite the closing of the US branch still keeps its dollar peg and activity levels. HBUS Failed to Reach Binance.US Performance The trading volumes on HBUS had fallen to around $220,000 per day, a rock-bottom level more suited to a small-scale exchange. HBUS carried only a conservative selection of 56 pairs, as some assets were withdrawn from US traders due to local security laws. HBUS trading had almost frozen for most small altcoins, and the exchange did not even have a significant Bitcoin (BTC) market. The Huobi US shutdown arrived abruptly, but follows a trend of US-based markets closing. The Huobi US unexpected announcement arrives a few days after CryptoBridge put up a shutdown notice, hinting at possibly restarting in the future. At the same time, Binance.US carries more than $2.94 million in volumes. In the past, up to 30% of international Binance volumes came from the US, but the new market does not reflect that level of interest. Over the course of 2019, US buyers have been limited from most international markets, and have lost access to multiple coins and tokens. Overall, retail interest in owning crypto coins has been replaced with skepticism. What do you think about HBUS closing? Share your thoughts in the comments section below! Images via Shutterstock, Twitter @Stablecoin_HUSD The post Huobi US Closes Doors After Weak Demand appeared first on Bitcoinist.com.
Bitcoinist
ESSENTIAL

An STO Lifecycle: The Complete List of Milestones

How to issue a digital security, what are the steps: a brief outline of the 12 stages that a company will take to launch an STO complying with all the legal issues
OTC & Media Activity
ESSENTIAL

OTC & Media Activity

Finrazor together with ICORating conducted researches and checked the correlation between OTC and mentions of certain words and the originality of the news
ESSENTIAL

Security Token Offerings Could Disrupt Venture-Backed Tech Startups Positively

A handful of methods exist for raising capital, from private offerings to semi-public to a full-blown IPO or ICO. Now STOs are on the rise which might just be what tech startups need to revitalize the market
Why Blockchain Technology Is Here To Stay
ESSENTIAL

Why Blockchain Technology Is Here To Stay

We keep up the tradition of giving the stage to crypto advocates to talk about the cryptoindustry. This time we will review the usefulness of blockchain technology and why it deserves a say in the modern world
ESSENTIAL

Security Token Offering 101

A Security Token Offering (STO) is a form of raising capital for a startup by distributing tokens to investors. While ICOs mainly deal in utility tokens that grant their holders access to services and products associated with respective blockchains and dapps, security tokens can be thought of as digital documents representing the investor’s rights to equity, a revenue share, debt, etc. STOs provide a better investor protection as they need to be compliant with appropriate regulations

Latest digest

DIGEST

Is It Enough for Crypto?

Today’s hot threads: possibilities of changes in the value of a crypto due to changes in its ‘supply schedule’, concerns whether Coinbase could be working ‘in the shadow’ and some rumors from Ethereum-community
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