Polymath and Prime Trust Announce Partnership to Provide Custody for ST-20 Security Tokens

  Toronto & Las Vegas — August 28 — Polymath, the blockchain industry’s first securities token platform, and Prime Trust, an SEC qualified custodian, have announced a partnership that will see Polymath and Prime Trust working together to develop custody solutions for security tokens utilizing the ST-20 standard.     Prime Trust is currently capable of providing custody of POLY, an ERC-20 token, and is looking to provide custody for ST-20 Security Tokens, which are backwards compatible with ERC-20 tokens. A unique feature of ST-20 tokens is that they have…

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What are the ICO Cryptocurrency Regulatory Guidelines?

ICO’s continue to boom as more tokens and coins are evident.  On coinmarketcap, over 1500 cryptocurrencies are listed and most trading on various exchanges. According to Fortune, nearly 50 percent of 2017’s Cryptocurrency ‘ICO’ Projects have already died. They report that “as many as 75% of all startups backed by traditional venture funding fail, and 30 to 40% of those take all of investors’ capital with them.”     With the high ICO failure rate and the craziness of Bitcoin investors, regulators are setting guidelines or passing laws.  Here is…

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Cloud Mining Service Genesis Mining ordered to stop operations

The Securities Commission of South Carolina has ordered Genesis and a second firm, Swiss Gold Global Inc., to stop doing business in South Carolina, according to the Cease-and-Desist order document released on 9 March 2018.     The order states that mining contracts sold to buyers and state of South Carolina residents are considered as securities.  The two companies, Genesis and Swiss Gold Global have also been barred from offering any securities in the state in the future. This barring, according to the document, is permanent.   Cloud Mining businesses…

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