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How to Use Binance Exchange?

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What is Binance?

Binance is one of the most prominent cryptocurrency exchanges on the market right now. It was created by Changpeng Zao in China in 2017.

Zao funded the launch of Binance by creating a very successful ICO that generated $15 million by allowing investors to purchase the native Binance Coin (BNB) tokens which are based on the Ethereum network.

The exchange has today been relocated to the blockchain haven of Malta and is turning over $1 million every day in trades. Not only is Binance the largest alt-coin exchange, but also one of the fastest growing.

Why use Binance?

As the number one cryptocurrency exchange for alt-coins, you can be sure to find a huge selection of these tokens on Binance. There are currently over 100 different tokens that can be traded on the exchange. This is a lot of different cryptocurrencies compared to Coinbase, which only lists four.

Binance also has some of the lowest fees in cryptocurrency trading. The exchange only charges 0.1% for each transaction. This fee is further cut in half if you trade using Binance Coin. Depositing money on Binance is free of charge, as opposed to other exchanges where traders are charged.
Traders on Binance will also be delighted to know that there is the opportunity to win prizes. These prizes include everything from new cryptocurrency tokens to cool cars like a Maserati.
The trading volume on an exchange determines how hard it is to buy and sell a given cryptocurrency token. Binance is able to process almost 1.5 million transactions per second, which is another reason why it is so popular.

Finally, Binance is also known for taking security very seriously. The exchange offers users two-factor authentication in order to protect their account and their assets. The Binance website is also protected by the industry-standard CryptoCurrency Security Standard (CCSS).

How do you open a Binance account?

In order to open a Binance account, you simply need to visit the website and register your email address. Once you’ve done this you’ll receive a confirmation email. Logging in for the first time prompts you to set up two-factor authentication with your mobile number.

How do you deposit funds into your Binance account?

Unfortunately, Binance does not accept traditional payment methods such as bank transfers and payment cards. In fact, you can’t use fiat money at all.

The only way to deposit money into your Binance account is to do it with cryptocurrency. If you don’t already have any tokens, then you can buy them with fiat money from other exchanges.

To deposit fund, simply click on the Funds button, and the Deposits. Then click Select Deposits Coin, and type in the code for the cryptocurrency token you’d like to deposit (ie. ETH for Ethereum). This shows you the deposit address unique to that cryptocurrency.

Click Copy Address, then go to your wallet and transfer the tokens to the deposit address. The deposit will be made within 10 minutes and you can view it by clicking on Balance.

How do you trade on Binance?

In order to make your first trade, click on the Exchange button and then select Basic. Select the token you deposited from the Favorite screen, then search for the token you’d like to trade your deposited tokens for.

Once you’ve selected what you want to trade for and with, you will see the current market rates. Either select Market for trading at that rate or Limit to set a limit for when you want to make the trade. Finally, select the number of tokens you want to trade, and confirm the trade.

Good luck in the trading game, and keep an eye out for more cryptocurrency exchange guides on our site!

Cryptocurrency Attracts the Youth

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Cryptocurrency Attracts the Youth

Interest in cryptocurrency, especially Bitcoin, continues to grow amongst the young. As a new study, conducted by Qriously in conjunction with the exchange, Coinbase, shows the rise in interest among students. It has been suggested that Bitcoin is on the same trajectory as the internet and social media before it. Up to one-fifth of students already own Bitcoin, whilst two-fifths of Universities offer courses on cryptocurrency and blockchain. Stanford University is currently leading the way with over ten courses on the subject. And with student interest and enthusiasm flourishing, this trend amongst universities continues to grow.

This bolstered the recent study conducted by Imperial College London, who touted cryptocurrency as the next logical step. Researchers suggest as cryptocurrency moves beyond being a store of value to a readily exchangeable commodity it will elevate itself towards the mainstream. However, as the researchers state, there are several obstacles cryptocurrency must overcome. Regulation, usability, and scalability are the main three hurdles if cryptocurrency manages to straddle these it may very well be on it’s way to winning the race.

Meanwhile in Asia

Mainstream interest continues to pick up in Asia as more people look to work in Blockchain and cryptocurrency. Since 2017, job opportunities in the sector have exploded, increasing by up to 50%. Blockchain, which is the underlying technology for cryptocurrencies has seen a particular interest. Data from Indeed shows a heightened interest in Blockchain jobs all across Asia, from Australia to India, down to Singapore. It’s not just interest that is growing but opportunities too.

Cryptocurrency and blockchain positions are attracting people from all sectors. As the industry grows beyond just development and trade there is a need to round out their operations. Where once the sector mainly attracted individuals from more technical backgrounds, in software development, and financial backgrounds, in banking, it now reaches further afield. As the sector moves towards more distributed applications they are beginning to resemble internet and tech-based companies.

Rakuten Everybody’s Bitcoin

Japan’s largest e-commerce company, Rakuten, believes in the future of cryptocurrency as it continues to expand into new sectors. Rakuten, see’s cryptocurrency based payments to grow exponentially and have been considering entering into the cryptocurrency exchange for some time. Today, 31st August, Rakuten announced their acquisition of Everybody’s Bitcoin, signaling their commitment to the future of cryptocurrency.

Rakuten covers over 70 services, ranging from e-commerce retail to financial services. And they believe that cryptocurrency will become integral across all services. Although they had already begun accepting Bitcoin payments back in 2015, the organizations believe that this is the next step. By providing their own cryptocurrency exchange they will be able to provide better processes for cryptocurrency payment across the board, providing a more streamlined and secure service. Rakuten looks to bring their extensive experience and knowledge of various financial services to Everybody’s Bitcoin. And with Everybody’s Bitcoins knowledge and experience of the cryptocurrency exchange they look to expand and develop cryptocurrency services for customers.

Have you begun investing yet? Let us know in the comments below!

Cryptocurrency Insurance Policies

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The cryptocurrency market has had an immense growth worldwide despite the many hiccups like the Bitcoin crash of 2017. More tokens are being launched, more exchanges are being opened, and more ICOs are being started. Big tech companies like Amazon, Facebook, Google, and IBM are working on their own blockchain projects. Banks and Wall Street firms are beginning to trade in cryptocurrency. All in all, things are going pretty well.

Unfortunately, the banks and big tech firms are not the only actors who have noticed the rise of cryptocurrency and want to get in on the action. Hackers and scammers have also begun ramping up their attacks in tandem with the rising popularity of cryptocurrency. This has resulted in several cryptocurrency exchanges being hacked, and many traders losing their tokens. The value of several tokens has also taken a hit as a result of the bad publicity. But now the insurance industry is coming to the rescue.

Insurance for cryptocurrencies

Bloomberg has reported that several insurance companies are creating policies specifically for cryptocurrency traders and businesses. The only concern many have is the volatility of the cryptocurrency market. This volatility has led several insurance companies to charge up to five times as much for cryptocurrency insurance policies than other policies. However, this is bound to even out as more and more insurance companies enter the market. Competition between the companies will drive prices down to reasonable levels.

Who are the main insurance companies?

A spokesman for Allianz has expressed that the insurance giant sees cryptocurrency as a big opportunity. Allianz began offering solutions last year, and their services included covering the theft of cryptocurrency. Allianz sees that cryptocurrency is becoming increasingly relevant, and an integral part of the global economy. For this reason, they are only looking to expand their portfolio of insurance products.

American International Group is another insurance provider that has begun to include cryptocurrency assets in their standard policy forms. The oldest insurance market, Lloyd’s of London, has also published a statement that advises their agents on how to deal with cryptocurrency insurance. Lloyd’s have, however, advised their agents to proceed with caution, given the risks associated with the market.

Aon and Marsh & McLennan are two prominent insurance brokers that help individuals and businesses shop around for the best deals on insurance products. They both report seeing a large growth on the horizon. Marsh & McLennan has even created a dedicated team to deal with cryptocurrency startups that have launched their own ICOs. Meanwhile, Aon report that they have half of the cryptocurrency market covered.

No payouts just yet

Because the concept of cryptocurrency insurance is still brand new, there has not been any instances of payouts yet. However, this is set to change this year, as hacks are predicted to be ramping up. Not all insurance policies are equal either. Some include loss of tokens due to technical errors in a blockchain service but exclude the theft of cryptocurrencies. Cryptocurrency exchanges like Coinbase, however, have secured great insurance policies in order to protect the traders.

Are you thinking of taking out a cryptocurrency insurance? Let us know in the comments!

Guide to Cryptocurrency Exchanges (Part 3 of 3)

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This is the third part of our three-part coverage of some of the most prominent cryptocurrency exchanges. If you have not read the first two parts, check it out here on the site.

Bit-Z

Based in Hong Kong, Beijing, and Singapore, Bit-Z is an exchange that caters mainly to Chinese customers. Trading in 74 different tokens and hosting 105 markets, Bit-Z handles transactions for just over $250 million every day. Like some of the other exchanges we have covered in this series, Bit-Z has its own native cryptocurrency token called DKKT. One of the advantages of Bit-Z is that it is not regulated. Another advantage is that it facilitates the over-the-counter trading of cryptocurrency.

Bibox

Another Chinese exchange is Bibox, which only launched last year. Despite its relatively young age compared to the other exchanges, it has consistently ranked in the top lists of highest trading volume. Clocking in at $200 million every day, Bibox has 62 tradable coins. Traders can use five different currencies to pay the transaction costs. Bitcoin and Ethereum, as well as USDT, DAI, and BIX. The last token is the native currency issued by the exchange during their ICO. Bibox is not limited to China, however. The exchange has satellite offices in Japan, Hong Kong, Canada, the United States, and mainland China. One of the advantages of this exchange is that it is not regulated. Another is the advanced AI that helps traders optimize their trades.

Kraken

Before this guide becomes too Asia-centric, let us return to the United States briefly, and look at Kraken. Based in California, this exchange handles $135 million worth of transactions every 24 hours. Here, traders can use the most widely accepted fiat currencies, such as the US and Canadian Dollars, the Euro, the Pound, and the Yen. As opposed to some of the newer exchanges, Kraken was founded back in 2011 and is one of the first exchanges in the US. One of the advantages of Kraken is the proof-of-reserves they offer as part of their partnership with a cryptocurrency bank.

GDAX

GDAX, short for Global Digital Asset Exchange, is the advanced arm of Coinbase described in the first part of this series. Once beginners have honed their skills in crypto-trading, they can move on to using GDAX. This exchange is partnered with the New York Stock Exchange, among other credible institutions. Moving funds from Coinbase to GDAX is very easy, and all customers are insured for up to $250,000. By the end of this month, GDAX will be renamed Coinbase Pro.

Gemini

The last exchange on our list is Gemini, another American exchange based in New York. Founded in 2015, it caters to traders based in Europe, Asia, as well as the United States. There are not many tradable coins, but users can rest assured that Gemini complies with all regulations. No short selling or trading on margin is allowed on Gemini, and it handles transactions for just over $22 million every day.

We hope this three part guide has given you some insight into the various cryptocurrency exchanges. Leave a comment in the section below if we have missed any important ones!

Guide to Cryptocurrency Exchanges (Part 1 of 3)

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The driving force behind the cryptocurrency market is of course trade, and that trade takes place on the many cryptocurrency exchanges. We are going to have a look at some of the most popular exchanges in this three part series. Have a look below and see if you are trading on the right exchange.

Coinbase

Coinbase is located in San Francisco, California, and is a comprehensive platform that functions like an exchange, a digital wallet, and a range of tools traders can use to conduct their business. It is a very popular platform among beginners due to its simply design and ease of use. More advanced traders can use Coinbase’s sister platform GDAX (soon to be Coinbase Pro). With over 20 million people using it, it is considered to be one of the most prominent exchanges, and is valued at more than $1 billion. Having already partnered with companies like Overstock and Expedia, Coinbase has plans to expand into the Japanese market.

BitMEX

BitMEX is a cryptocurrency exchange based in Hong Kong, and processes around $2 billion worth of transactions every day. For better or worse, the platform is very reliant on Bitcoin, as all profits and losses made from trades are converted into Bitcoin. This means that even if a trader buys and sells cryptocurrency tokens other than Bitcoin, any eventual yields are dependent on the value of Bitcoin. BitMEX calls their unique system ‘leveraged contracts’, ‘futures contracts’ and ‘perpetual contracts’. Although the exchange is based in Hong Kong, it is registered in the Seychelles, which means it is subject to very little regulation.

Binance

Not constrained by a single location, Binance is a series of cryptocurrency exchanges spread out across several Asian countries. Although it only came into being last year, Binance already processes $1 billion worth of transactions every day. Rather than having a separate platform for advanced users, traders can switch between ‘beginner’ and ‘advanced’ modes when using the platform. What also makes Binance special is that it has its own cryptocurrency token called Binancecoin (BNB for short). Although BNB tokens are not a requirement for users of the platform, traders who hold BNB tokens receive a discount on transaction fees.

OKEx

Another exchange based in Hong Kong is OKEx. Processing over $1 billion worth of transactions every day, the exchange has announced plans to expand to the Maltese market. As with Binance, OKEx has its own token called OKB, and similar to Binance traders can get a discount if they hold OKB tokens in their digital wallet. As opposed to Binance, however, owners of OKB tokens also get the right to vote on company issues, and access to fiat and margin trading. One of the drawbacks of OKEx is the restricted areas. It is not possible for traders in countries like the United States and Hong Kong to use the platform.

Huobi

Huobi is another pan-Asian exchange, originally founded in China and now with offices in Singapore, Japan, Korea, Hong Kong, as well as the United States. The latter is interesting, as the platform is currently not available to US traders due to regulatory issues. Nevertheless, Huobi is divided into Huobi OTC, where users can trade fiat money for crypto tokens for free, and Huobi Pro, which is similar to the more advanced trading platform offered by Coinbase. Huobi is about to launch a cryptocurrency ETF called HB10.

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Fidelity Discreetly Creating its Own Crypto Exchange Platform

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One of the largest financial investment firms in the world, Fidelity Investments, is reported to be quietly positioning itself to take advantage of the lucrative cryptocurrency industry by creating its own exchange platform. As noted by CCN, the company is in first stages of launching the platform as an internal job positing circular leaked online this week.

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This MA based firm is rumored to be scouting for a DevOps System Engineer who will work for the company full time. His/her main role will be to come up with a digital asset exchange for both public and private cloud. Once the exchange is ready, the engineer will oversee the deployment process to ensure that it is done properly.

Another anonymous source that has been actively posting online about this company’s intention to start a cryptocurrency exchange platform has stated that the investment firm is valuated to be worth more than 2.4 trillion in assets that it manages. The source has also revealed that the firm has been debating on whether to launch the exchange platform for more than year now. The leaked recruitment circular is enough proof that the management board has finally agreed to set up the exchange.

Fidelity is also looking for professional staff who have the skills and experience required to help it provide stellar first class custodian services for various digital currencies such as Bitcoin and Ethereum. Experts who will be hired for this position will be deployed in the Fidelity Digital Asset Service department whose main role will be to directly deal and monitor the provision of all services related to cryptocurrencies.

At the time of writing this article, the investment firm clients can link their existing Coinbase accounts with the Fidelity accounts to view all their digital assets on the Fidelity beta platform. The assets are listed alongside all the other investments that a client has accrued in the company over the years. One of the benefits of this collaboration is that it gives Fidelity the ability to hold cryptocurrencies first-hand or directly.

It is also not clear if the exchange platform will be an independent entity but under the company’s umbrella or if will be hosted on the primary Fidelity platform. Only time will tell if the platform will be separate or part of the company.

It will be remembered that it is during the tenure of Abigail Johnson as the CEO that the firm started to take a positive attitude towards cryptocurrencies. In the just concluded cryptocurrency industry conference, Abigail openly stated that he is proud to be one of the experts from the renowned financial institutions who have not yet given up of cryptocurrencies.

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Fidelity Investment Firm is also reported to have invested in several companies that are directly dealing with cryptocurrencies as well as set up a medium cryptocurrency mining facility. Johnson is on record stating that even though the primary objective of setting up the mining facility was to research, the facility is actually making profits for the firm.

Finally, ones the exchange platform is launched and fully functional, the company’s charity department will be able to get contributions from donors in form of bitcoin and other digital currencies.

Why should you invest in cryptocurrency?

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For anyone following the news cycle surrounding cryptocurrencies and blockchain technology, it is clear that the market is volatile and many are apprehensive about investing in ICOs and cryptocurrencies. However, Bitcoin is among one of the many coins that have bounced back in value, and there are many people who think that it will rise even more. Let us have a look at some of the reasons why you should invest in cryptocurrencies.

There are more regulations

This might seem counterintuitive, especially given that many cryptocurrencies lost a lot of value after the introduction of government regulations. However, what the regulations have done is to weed out many of the bad apples in the world of ICOs and cryptocurrencies. It is now safer than ever to invest in cryptocurrencies, and it will only become safer in the future.

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Blockchain is not going anywhere

Whilst many cryptocurrencies come and go, and some ICOs success while others fail, the underlying technology is here to stay. Blockchain is being researched by all the big internet companies, such as Google, Facebook, Microsoft, IBM, and many others. In addition, many of the successful ICOs started by independent development firms will also contribute greatly to technological advancement, which makes them a good bet for investors.

It is really easy to invest

Many are still puzzled about how cryptocurrency and blockchain works. And no wonder, it has mainly been the domain of tech-savvy Millennials. Now, however, the movement has gained so much steam that new innovations have made it easier to understand and invest in cryptocurrencies than it has ever been. Sites like Coinbase is simplifying the process of viewing, selecting, and investing in cryptocurrencies from around the world.

It’s time for a change

One of the key rationales behind the introduction of cryptocurrencies were that it was time for a reform of the financial system. Fiat money has, in the opinion of many experts, played their role and run their course. It is time for a more modern approach to finance, and cryptocurrency could very well be the future of the global economy.

Big things ahead

One only needs to shoot a glance at the numerous ICOs and their many interesting projects, to know that the best is yet to come. Cryptocurrencies will be utilized in everything including fundraising, charitable donations, real estate, foreign exchange, item evaluations, sports betting, and even adult content. Whatever your interests are, chances are that cryptocurrencies will be part of them in the near future.

Be part of the future

As mentioned, blockchain technology is being researched by numerous companies big and small, and there is a lot of promising innovations on the horizon. By investing in cryptocurrency now, you have the opportunity to be one of the early movers in the blockchain space, and will be able to harvest the fruits of your investments further down the line.

What do you think about investing in cryptocurrencies? Have you invested yourself, or are you thinking about investing? Share your experiences with us in the comments section below!

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Facebook is launching its very own cryptocurrency

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Did you read that correctly? Yes, you did. Although the social media giant has in the past been staunchly opposed to cryptocurrencies and ICOs, they are not in the process of creating their own cryptocurrency.

Along with Twitter, Google, and a series of other online companies, Facebook has banned the advertisement of ICOs and cryptocurrencies on their platform. The ban was understandable, to an extent, given the many shady money-laundering schemes dressed up as ICOs. Whether the ban will remain in place after the launch of Facebook’s own cryptocurrency, however, remains to be seen.

From foe to fan

An article by Cheddar revealed the plans for rolling out a Facebook blockchain project. The project is still being kept under wraps, but the social media platform has allegedly been researching blockchain technology for a year now.

Up until now, the only person working on Facebook’s blockchain project has been Morgan Beller. Now, however, the vice president of Facebook Messenger has announced that he will be leading an entire team dedicated to integrating blockchain technology into the social media platform.

The vice president of Facebook Messenger, David Marcus, will be leaving the Messenger team to work on the blockchain project full-time. He will be joined by James Everingham, who is Instagram’s VP of Engineering, and Kevin Weil, who is Instagram’s VP of Product. Marcus will be replaced by Stan Chudnovsky, who is Facebook Messenger’s Head of Product.

David Marcus is no stranger to the cryptocurrency space, either. He recently joined the board of cryptocurrency exchange Coinbase.

The purpose remains a mystery

Although quite a few outlets have covered the blockchain plans, very few have been able to gather any concrete details about what the purpose is. Facebook is known for showcasing their ten-year roadmap at various corporate events, but the blockchain project has not been included.

What is known is that he blockchain-integration will not be limited to just one application. What is also known is that Facebook is not planning on creating an ICO (initial coin offering) for their blockchain project.

It has been reported that Facebook most likely will be using blockchain technology to verify the identity of people using their platform, as well as encrypt the data being uploaded to the platform.

Potential crypto-acquisition

Some are speculating on whether Facebook will be looking to acquire a cryptocurrency firm to assist them in their blockchain project. Given the vast number of talents and resources in the cryptocurrency space, it would not be a bad move on Facebook’s part.

Given that Facebook’s project will most likely not involve actual a currency, any potential acquisition will be related to the apps they are in the process of developing. Facebook has attempted to create a currency in the past, which failed.

Fans will have to wait

Although the headlines are generating a lot of buzz, fans of cryptocurrency and blockchain projects will, unfortunately, have to cool their heels. Although Facebook will be investing much more in their blockchain project, it will take years before we see the fruits of their labor. Until then, there will most likely be more information spilled by the organization.

What do you think Facebook’s blockchain project will be about? Leave your thoughts in the comments section below!

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Bitcoin Continues to Soar

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In the last 48 hours, Bitcoin has seen an incredible rise in value of over $500.

Not is this great news for investors in Bitcoin, but the good fortune seems to have rubbed off on other cryptocurrencies as well.

Ethereum, Ripple and Bitcoin Cash have all, perhaps as a result of the halo effect, risen in value by 10-20% as well.

Since the crash in late December 2017, and the subsequent terrible first quarter of 2018, Bitcoin has made a remarkable come-back.

Bitcoin buckles the negative trend

Last week, the pioneering cryptocurrency broke the negative trend by increasing its value by over a grand in less than an hour.

Bitcoin is the most valuable cryptocurrency in the world, and it looks like it is bent on maintaining that spot on the crypto-throne.

Although far from its peak of over $19,000 back in December, the Bitcoin now has a healthy value of almost $9,000.

And yet this latest increase in value seems like a small fluctuation when compared to other cryptocurrencies like Ethereum and Ripple.

Ethereum has increased 10% in value in just 24 hours, and Ripple a staggering 19% in the same time.

This difference in fluctuation could be that Bitcoin is more established as a cryptocurrency, compared to Ethereum and Ripple.

Bitcoin Cash, however, has shown a similar rise to Ethereum and Ripple.

The relatively new cryptocurrency, which is also related to Bitcoin, rose by 15% in the same space of time, making it the fourth most valuable cryptocurrency in the world.

With the many good and bad news flooding the cryptocurrency market, it can be difficult to keep track of what is happening.

For now, however, it would seem that the winter is indeed over.

Why is the negative trend reversing?

There could be many reasons for this new rise in value.

Skeptics were noting that the newly imposed cryptocurrency regulations around the world would lead to the decline of cryptocurrencies.

Other news, however, have perhaps ensured that this does not happen.

Last week, Bitcoin and other cryptocurrencies were declared halal by an Islamic scholar in Malaysia.

This means that 1.8 billion more people around the world will have access to cryptocurrencies and can participate in the global market.

The head of the International Monetary Fund (IMF) also expressed her interest in the blockchain technology that has fuelled the rise of cryptocurrencies.

Bitcoin might continue to soar to unprecedented heights

Based on these good news for the cryptocurrency market, experts have predicted that Bitcoin could rise much higher than its peak in 2017.

Some have even predicted that Bitcoin could become as valuable as a quarter million dollars in the four years.

That is indeed good news for investors in Bitcoin.

Those who were distraught by the bad start to this year will now be able to face the rest of 2018 with a more positive outlook on the future.

What do you think the future holds for Bitcoin? Have you invested and are now holding on to your cryptocurrencies in the hopes that they will continue to rise?

Leave your comments in the section below!

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The U.S. Examines Cryptocurrencies And ICO Markets

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According to emerging news, on 14th March 2017, the U.S. House of Representatives Committee of Finance Subcommittee on Capital Markets, Securities and investments initiated a process of formulating regulations for the Cryptocurrencies and ICO Markets. Official reports confirm that this is the first among a series of hearings that the U.S. is holding to deliberate on policy formulation to regulate, reorient and realign the market that is taking the world by storm from October 2017.

This meeting was a culmination of the summit held in early March 2018. James Sullivan, the Deputy President Department of Commerce and International Trade Administration portfolio was the presenter at the summit. He had called for concerted efforts from all quotas in policy formulation to regulate and streamline the already robust ICO Markets and the cryptocurrencies growing popularity. The sitting aims to formulate a set of laws and regulations dubbed “The ICO White Paper.” The white paper will address the following issues affecting the cryptocurrencies and the ICO Markets:
• Current regulatory frameworks that regulate these ventures
• Economic efficiencies of ICO Markets as a source of capital for startups
• Approaches to protecting investors’ interests in ICO ventures.

Submissions To The Session

The sitting received testimonial submissions from various experts on economic and financial matters. These professionals are advising the session on factors to consider in managing the cryptocurrency and ICOs markets.

Chris Brummer testimonial. He is a professor of securities law and international trade regulation at Georgetown University Law Centre. The professor of the law pointed out fraud and misrepresentation as the main shortcoming bedeviling the ICO markets. The solution to this problem is disclosure. The professor presented a list of resolutions to curb non-disclosure and align the ICO and Cryptocurrency markets into law-abiding and financially secure investment ventures. According to him, these disclosures have to focus on:
•Promoter’s Location and Contact Information
• Industry Risk Factors
• Problem and Proposed
• Description of Token Technology Solution
• Problem and Proposed Description of Token
• Qualifications of Technical Team
• Promoter’s Location and Contact Information
The professor, further recommends that it should be mandatory for firms offering ICOs to file all the disclosure with the SEC

Mike Lempress testimonial. He is the Chief Legal and Risk officer at Coinbase Inc. His testimonial acknowledged the importance of the cryptocurrencies and ICOs market on the U.S. economy and the world at large. Mike testified that the Federal government has institutions in place that could streamline the errant markets. The testimonial pointed out disharmony among the federal regulatory institutions as the primary challenge following the exercise. According to the affidavit, the U.S. was advised to support this artistic innovation as a new investment tool in the capital markets. Summarily, this testimonial called for the SEC, CFTC, IRS, and FinCEN regulatory bodies to harmonize their approach towards ICOs markets and provide clear regulations.

Peter Van Valkenburg, a director at Coin base, presented a testimonial from a public policy and research on blockchains perspective. This testimonial called for a change of attitude on the policymakers’ part of emerging technologies. According to the findings of his work, the issue at hand has everything to do with the federal regulators applying old laws and assumptions on entirely new technology. The testimonial encouraged the regulators to remodify the understanding of ICO markets and Blockchains to eliminate the confusion in the markets.

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