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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Bitcoin price could turn on a dime and explode

Japan created the great Bitcoin Bull Market of 2017 and can do so again in 2018.     On April 1 2017, Japan quietly made Bitcoin legal tender in the country setting the stage for one of the biggest bull markets that have ever been witnessed.   But this is nothing yet, according to a prediction made by Abra CEO Bill Barhydt, who thinks a major rally is around the corner.   Here is what he had to say:   “I talk to hedge funds, high net worth individuals, even…

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Globitex group company granted an Electronic Money Institution (EMI) license by an EU regulator

The regulatory breakthrough opens the way for the institutional-grade Bitcoin exchange to deal with EUR fiat payments globally and marks a significant milestone to make Bitcoin a truly global currency of settlement.   Globitex Holding (Latvia) group company NexPay UAB has been granted an e-money license (EMI) by the Bank of Lithuania to carry out payment services and e-money issuance in the EU.   Crucially, the newly-issued EMI licence is fully ‘passportable’ to all other EU member states, allowing NexPay to provide clients with payment services and e-money issuance across…

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