SEC Chairman Confirms Ethereum is Not a Security

In response to the news that the US Securities and Exchange Commission Chairman, Jay Clayton, has confirmed that Ethereum is not a security, some initial reactions from executives in the space were noted. In correspondence analysing a report from the Division of Corporate Finance, William Hinman, Clayton reiterated that “if the network on which the token or coin is to function is sufficiently decentralized” then it is not subject to securities law.   The below crypto industry executives have provided expert commentary on the significance this has on projects in…

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ICOs growing less, but growing up — Report from PWC & CVA Reveals Key Industry Trends

PwC Strategy and Crypto Valley Association (CVA) recently published the 2019 ICO/STO report, which illustrates that the overall ICO and STO landscape is entering a new phase of maturity.     In the second half of 2018, the number and volume of ICOs and STOs decreased considerably for various reasons however, the amount raised increased, and the amount of successful ICOs/STOs doubled when compared to 2017. All of this leads to signs of increased quality and maturity in the industry. Crypto industry executives provide expert commentary on what the findings…

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CRYPTOCURRENCY – FCA reveals findings from first Cryptoassets Consumer Research

The Financial Conduct Authority (FCA), the UK’s financial watchdog, published two pieces of research looking at U.K. consumer attitudes to cryptoassets. The research indicates that seventy-three percent of U.K. consumers don’t know what a cryptocurrency is or are unable to define it. The survey, which polled 2,132 British consumers in association with London-based market research firm Kantar TNS, further found that only 3 percent of those surveyed had ever bought cryptocurrencies.   The following crypto industry executives have provided initial reactions and thoughts on what this development will mean for…

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CloseCross Raises $3 Million USD to Transform Financial Derivatives Market

Amnis Ventures backs UK fintech CloseCross to overhaul derivatives trading market   London, UK – CloseCross, a multi-party, decentralized derivatives trading platform in beta, has opened its investment round with $3 million USD backed by Amnis Ventures, a privately owned venture fund based in Houston, Texas. The investment puts CloseCross at a post-money valuation of $60 million USD.   CloseCross is committed to a disruption of the current financial derivatives market by deploying patented multi-party settlement mechanisms and proprietary algorithms. Its aim is to create a derivatives environment where market participants…

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