These are the top Bitcoin, Ethereum, and cryptocurrency news stories for July 31, 2017.
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investFeed is a New York based “community powered social trading network” making the switch from US equities to cryptocurrency. Marketing itself as the “world’s first social investment network for the cryptocurrency community”, investFeed aims to develop cryptocurrency infrastructure for the industry. This is establishing a much-needed framework ready for the mainstream adoption of cryptocurrency.
Back in 2014, Kairat Kelimbetov, then-head of Kazakhstan’s National Bank suggested that Bitcoin could be “a form of financial pyramid scheme.” The common belief among Kazakhstani officials was that cryptocurrencies could undermine the country’s already struggling tenge.
While the push for renewable energy is gaining traction, consumers are still tied to large power grids and the even larger cartels who control them. But things might be changing.
Earlier this week Crypto Insider published a post with practical advice to Initial Coin Offering (ICO) planners, followed by a post covering recent statements by the US Securities and Exchange Commission (SEC), according to which ICOs should be subject to the requirements of the federal securities laws. Here I’m posting more thoughts on ICOs and token sales.
Federal attacks on the crypto-heavy darknet is often referred to as a war on drugs. In practice it’s a war on their populations, but there’s probably some benefit in playing along with the martial terminology. Let’s apply a little history – both the bang-bang and the crypto kind – to this Dutch/Fed/also-ran takedown of Hansa and AlphaBay (see here if you want to read about the BTC-e takedown).
In all the noise about the BTC-e shutdown and the arrest of Vinnik, the Financial Crimes Enforcement Network (FinCEN) are further showcasing the heavy-handed stance the US will take on all matters crypto. Both BTC-e and Vinnik have been indicted on 21 charges of money laundering, with BTC-e deemed as a compliant party for “operating an unlicensed money service business”.
Yesterday Crypto Insider published a roundup of recent articles with practical advice to Initial Coin Offering (ICO) planners. The difference between your ICO and an IPO must be “BIG,” noted one of the articles, “or the SEC will come after you!” In fact, the SEC said yesterday that ICOs should be subject to the same safeguards required in traditional securities sales, Reuters reports.
A new collaboration has formed between the nation of Mauritius and ConsenSys – a New York-based production studio decentralized application builder and developer for blockchain uses, with a strong focus on Ethereum.