Fears of volatility and multiple financial risks

Fears of volatility and multiple financial risks

Wells Fargo bans credit card crypto purchases, Cryptomania radio, Amazon might issue crypto, Huobi partners with university, new details of the hacker attack on Coinrail

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Fundament Group to Issue €250 Million in Security Tokens backed by German Real Estate

€250 Million Bond Fundament Group, a German based company looking to tokenize real-estate within the European nation, was just given the regulatory greenlight by BaFin to host an upcoming STO. This STO will see Fundament distribute token based bonds, representing fractionalized ownership of a portfolio, backed by German real-estate. It is the intent of Fundament to sell €250 million worth of bonds. Fundament Real Estate Token gets approval by German Financial Supervisory Authority! We received green light for the sale of our #securitytoken. The token is backed by a real estate portfolio worth EUR 250 million. Stay tuned for exclusive news on our upcoming public sale. pic.twitter.com/ipBw3abp1X — Fundament Group (@GroupFundament) July 23, 2019   A Closer Look The opportunity will be structured as ‘subordinated token-based bonds with annual variable interest rates’. Fundament indicates that these tokens are to be ERC-20 based, with investors expected to receive returns ranging from 4-8% (IRR) p.a. Dividends, based upon the performance of the portfolio backed by German real estate, are paid out annually. The investments are to mature in 2033, at which time, investors will see their investments returned. To learn the full details and inner workings of the offering, Fundament has made their prospectus available HERE. Facilitated by Ethereum While various competitors have popped up in recent months, Ethereum is still the ‘big-dog’ in the digital securities sector. The protocol continues to retain a top-ranking within the industry, and benefits from massive developmental efforts. Between the ‘first-to-market’ boon, and established network, it stands to reason that it will be some time before Ethereum is supplanted as the most commonly used protocol within digital securities. Commentary Fundament Group representatives took the time to comment on the regulatory greenlight with multiple entities. Speaking with CoinDesk, Fundament Founder, Florian Glatz, had the following to say. “The reason we went through this long tedious process with regulators was to get rid of any restriction. Normally these projects are limited either by the minimum investment amount, which would be north of €100,000 or limited heavily in the amount of investors you could have. So it’s the first really like mass-market tokenized real estate for the world.” Popular Implementations To date, arguably the most popular implementation of asset backed tokenization, would be in real estate markets. In an industry comprised of high value- low liquidity, assets, which are geographically restricted, digital securities provides an answer to each of these issues. Through tokenization, and distribution of digital securities backed by real estate, these assets now have the ability to become borderless. Investors will be able to gain exposure to lucrative real estate markets around the globe. By opening these opportunities to a global pool of investors, they are also benefitting from the increased liquidity being seen through secondary market trading. While there is a plethora of industry that has the potential to be turned upside-down through tokenization, real estate remains the clear, and obvious, choice of industry participants thus far. Fundament Group Fundament Group was founded in 2018, and is based out of Berlin Germany. The team at Fundament has developed a suite of services providing clients with a ‘one-stop-shop’ for the tokenization of assets. These services will be on full display, as the company completes their very own STO, as discussed here today. CEO, Thomas Ermel, currently oversees company operations. BaFin This European regulatory body is tasked with imposing rules and guidelines, to ensure fair practice among industry participants in finance. This includes various sectors, such as banking, securities, and insurance. The post Fundament Group to Issue €250 Million in Security Tokens backed by German Real Estate appeared first on .
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Democrats press McConnell to bring election security bills to vote

On the eve of former Special Counsel Robert Mueller’s testimony before the House Judiciary and Intelligence committees, congressional Democrats pressed Senate Majority Leader Mitch McConnell, R-Ky., to bring election security legislation to a vote. “Leader McConnell has not brought one election security bill to the floor,” Sen. Mark Warner, D-Va., co-chairman of the Senate Intelligence Committee, despite agreement among members of the intelligence community (IC) and law enforcement, as well as Mueller, that Russia attacked the U.S. election in 2016 and “will be back in force” in 2020 even though President Trump “seems incapable of accepting” the intelligence findings. The deliberateness of the timing is twofold – to press McConnell to take action while all eyes are on Mueller who most surely will reiterate the Russia efforts to interfere with U.S. elections and to expedite the adoption of safe election measures so that states can take action by the fall when they need to have plans underway to meet the threats of the 2020 presidential election head-on. In his only public appearance after releasing his report on Russian interference in the 2016 election and potential collusion with the Trump campaign, Mueller began and ended his 10-minute remarks on the same note, “Russia attacked us, said Warner. The lawmakers expressed frustration with McConnell’s refusal to debate and vote on bipartisan measures with wide bipartisan support that Warner referred to as “low-hanging fruit,” including requiring paper ballots, identifying political ads paid for by a nation-states (HONEST tk), readying sanctions if Russia attacks again and requiring political campaigns to report any entreaties by foreign operatives (Duty to Report Act). “I do not understand why, when we have bipartisan legislation, we don’t bring it to a vote,” said Warner. “Why hasn’t Mitch McConnell allowed us to have a debate?” said Sen. Ben Cardin, D-Md., who contended that Russia had shown “an interest” in Maryland’s voter registration systems. “We don’t want the Senate to be a graveyard,” said Cardin, referring to McConnell’s self-reference as the Grim Reaper bent on killing Democrats’ legislative initiatives. Presidential candidate Sen. Amy Klobuchar, D-Minn., painted McConnell as an obstructionist who is “looking out for the interests of his own party” and accused the White House of interfering with the Senate’s work, noting that former White House lawyer Don McGahn with a few phone calls stopped one election security bill from making it through markup in committee. “When it comes to election security, McConnell is not afraid of Russia, he’s afraid of the United States Senate,” said Sen. Dick Durbin, D-Ill., whose claimed his state was the “first to be hit by Russians” in 2016. Concern over Russia – and other nation-state – efforts to interfere and manipulate the 2020 election have grown with FBI Christopher Wray and members of the intelligence community warning of coming attacks that Sen. Ron Wyden, D-Ore., said would “make 2016 look like very small potatoes.” The lawmakers said deep fakes, compromised personal devices and algorithms are some of the points of vulnerability going forward. Leaving securing elections up to the states would be folly so Congress needs to act. “You wouldn’t expect a sheriff in a small town to defend against the Russian military,” said Wyden. By the same token, when it comes to election “we’ve got to attack on the federal level.” The senator said the lawmakers would take their pitch on the road, and “fan out all over the country and explain what the risk is to this 250-year-old experiment.” The post Democrats press McConnell to bring election security bills to vote appeared first on SC Media.
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Crypto Price Analysis & Overview: Bitcoin, Ethereum, Ripple, BNB, Huobi Token

Bitcoin The pater we saw when Bitcoin jumped from $5,000 to $9,000 is currently repeated with greate volatility and a more significant correction. The support at $10,000 is fragile and it’s being tested in the past week. If this line of support breaks, the next one will be at $9,400. The resistance is currently at $11,000. Ethereum Against the USD, we’ve tested the support at around $200. The resistance in this range is at $230. Technically, the resistance before the last wave of gains was at $180 and as long as the support holds above it, this means that the trend is still here. Against Bitcoin, ETH stabilized around the support at 0.02BTC which is a critical area. The resistance in this range is at 0.024BTC. Despite the steady week, there are still concerns that the declines will continue. Ripple Against the USD, XRP suffered in 2018 as most of the market did. However, 2019 seems to be relatively stable with a bottom at 29 cents which is also the support. Resistance in this range is at 34 cents. If we ignore the attempts to breach $0.50 and the sharp correction that followed, technically speaking, the action is considered stable. Against BTC, the support in this range is at around 2900SAT while the resistance is at 330SAT. It’s not clear whether the downtrend has reached its bottom, but with the correction in Bitcoin, the price appears to be stabilizing for now. BNB Against the USD, we saw a correction of the trend and the price pulled back to the support at $28 range. Resistance in this range is around the 50MA at $32. A correction of up to 0.0024BTC is pending against BTC. Traders don’t seem to be pressured and the funds which are raised on Binance Launchpad continue to flow as usual. Resistance in this range is at 0.003BTC. If it breaks, the next resistance is at 0.0032BTC. Huobi Token Against the dollar, we saw a successful year so far which went through a notable increase, a correction, and a comeback. The price went to $6, fell back to $0.90 and then surged again to resistance levels at $5. The support is now at $4.40. It’s also important to consider that a sharp correction is still in play. Against BTC we saw a double trend which completed correction and another breakout attempt after the resistance broke out at $0.0004BTC and became support. The next resistance is at $0.00047BTC. The post Crypto Price Analysis & Overview: Bitcoin, Ethereum, Ripple, BNB, Huobi Token appeared first on CryptoPotato.
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