NEO Price Jumps 50%, Defies China ICO Ban Following Bitfinex Listing – CryptoCoinsNews

neo-rebrandingThe NEO price surged 50% on Thursday following its listing on bitcoin exchange Bitfinex. NEO is now trading above $30, despite the fact that the China ICO ban remains in full force and the startup has begun issuing refunds to ICO contributors.

NEO Price Surges 50%

On Monday, the People’s Bank of China (PBoC) ruled that initial coin offerings (ICO) are illegal and that startups must refund all ICO investments to contributors. This ruling brought temporary devastation to the crypto markets, but it particularly affected NEO, an open-source blockchain startup that has been dubbed the “Chinese Ethereum.” Between September 2 and September 4, the NEO price plunged from $34 to $19–a decline of nearly 50%. This crash was made more significant by the fact that the NEO price was already in decline, having peaked at an all-time high of $50 in mid-August.

Today, the NEO price began to recover to its pre-ban levels. The advance was sudden; in just 8 hours, NEO increased by nearly 50%, rising from about $20 to a high of $34. This restored NEO’s market cap to about $1.7 billion, putting it within striking distance of 10th-place ethereum classic.

neo price

Source: NEO Price Jumps 50%, Defies China ICO Ban Following Bitfinex Listing – CryptoCoinsNews

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PR: LAToken Closed Round 1 of the Token Sale at $330m Valuation – Bitcoin News

London, August 30, 2017 – LAToken, the first tokenized assets platform, has completed the Round 1 of its Public Token Sale way ahead of schedule at $330 million valuation*. We sold 30,000,000 LATs, raising $9,54 million in 3 days.

LAToken Public Token Sale will be completed in 4 Rounds with the proceeds used for tokenization and trading development of the key asset classes. The price will increase in each round. Round 2 starts on September, 5. We will sell 50,000,000 LATs at 0,0011 ETH. The proceeds will be used for tokenization and trading development of Real Estate. The price for Round 3 will be 0,0013 ETH.

LAToken is a blockchain platform that tokenizes and makes tradeable assets ranging from equity and debt to real estate and works of art. Crypto investors can already trader Apple, Amazon, and Facebook shares, as well as gold and oil on our platform and diversify their portfolios with blue chips, safe haven assets, and commodities, using cryptocurrencies.

«LAToken bridges the crypto- and real economies by enabling our clients to trade real assets in cryptocurrencies. This will make markets more efficient, transparent and cost effective. We are happy that so many people share our vision and believe in LAToken», — says Valentin Preobrazhenskiy, CEO of LAToken.

LAToken attracted top-notch experts from global financial institutions, IT and security companies to its Advisory Board, that now includes Bradley Rotter (Rivetz), Anish Mohammed (Hyperloop), Hague Van Dillen (Franklin Templeton). Just a few days ago the former COO of UBS and Senior Regulatory officer of Deutsche Boerse Cecilia Mueller Chen joined our team to advise on legal and regulatory compliance.

About us

LAToken transforms access to capital and enables cryptocurrencies to be widely used in the real economy by making real assets tradable in crypto.
We decentralize capital markets, making them more transparent, efficient and sustainable while removing the cost of traditional middle men and “too big to fail” institutions.
This results in smarter capital flow, empowering people across the world to bring their most productive ideas to life for the ultimate benefit of society.

Contact details

Tel: +44 7509 764697
Email: ico@latoken.com
* with frozen tokens taken into account

Press Contact Email Address
kate@latoken.com
Supporting Link
https://sale.latoken.com/

‘Source: PR: LAToken Closed Round 1 of the Token Sale at $330m Valuation – Bitcoin News

SEC Warns of ICO Schemes After Suspending 4 Firms – Bitcoin News

The U.S. Securities and Exchange Commission (SEC) has issued a warning about companies making Initial Coin Offering (ICO) claims. It warns of schemes including pump-and-dump and market manipulation as well as points out how companies may use ICOs to boost their stock prices. The warning follows the trading suspension of four companies’ shares by the Commission.

Also read: SEC Suspends Trading of Bitcoin Firm’s Shares After 7000% Price Jump

SEC’s Warning

The SEC’s Office of Investor Education and Advocacy on Monday issued a warning to investors “about potential scams involving stock of companies claiming to be related to, or asserting they are engaging in, Initial Coin Offerings (or ICOs).” The Commission wrote:

These frauds include ‘pump-and-dump’ and market manipulation schemes involving publicly traded companies that claim to provide exposure to these new technologies.

SEC Warns of ICO Schemes After Suspending 4 Firms“There may be situations in which companies are publicly announcing ICO or coin/token related events to affect the price of the company’s common stock,” the SEC detailed. Therefore, the trading of such stocks may be suspended “to protect investors and the public interest,” the agency added.

Some circumstances that could lead to the suspension of trading include a lack of current, accurate, and adequate information about the company. In addition, questions about the accuracy of publicly available information as well as insider trading and potential market manipulation can also lead to trading suspensions.

4 Recent Trading Suspensions

The SEC also revealed on Monday that it has recently suspended the trading of four companies’ shares for making “claims regarding their investments in ICOs or touted coin/token related news.” The four companies are First Bitcoin Capital Corp., Ciao Group, Strategic Global, and Sunshine Capital.

SEC Warns of ICO Schemes After Suspending 4 FirmsFirst Bitcoin Capital Corp
News.Bitcoin.com recently reported on the suspension of First Bitcoin Capital Corp’s shares after they rose almost 7000%. In July, the company announced that its subsidiary Coinqx Exchange Ltd acquired tokens called “the Internet of Money” which would eventually trade under the symbol XOM. The company says that it would allow a buyback at a set rate of 2 shares for 1 XOM token.

Ciao Group Inc
Ciao Group, which has changed its name to Numelo Technology, had planned an ICO for later this year. However, the SEC suspended the trading of the company’s shares on OTC Markets from August 10 to 23. The shares still have not resumed trading at press time.

Strategic Global Investments Inc
SEC Warns of ICO Schemes After Suspending 4 FirmsStrategic Global Investments revealed in July that it intends to sponsor over 60 Counterparty cryptocurrencies which it claims are fully SEC compliant. The first one will be the tokenized asset Troptions, expected this fall. However, the SEC suspended the trading of the company’s shares from August 4 to 17, and the U.S. Financial Industry Regulatory Authority (FINRA) also independently requested some information from the company. Its shares have not resumed trading at press time.

Sunshine Capital Inc
Sunshine Capital’s shares were suspended from trading from April 12 to 26, due to questions about “the liquidity and value of the company’s assets, namely Dibcoins.” A few days after the suspension, the company was converted into a private one. Its shares have not resumed trading press time.

ICOs Subject to Federal Securities Laws

In July, the SEC declared in a report that Dao tokens are securities and ICOs are subject to federal securities laws. However, soon afterward, 20 new ICOs were reportedly announced.

Nonetheless, the SEC’s warnings were not ignored. A number of cryptocurrency exchanges responded by reviewing their listings and policies. Bitfinex, for example, announced its exit from the U.S. Market, citing the strict regulatory environment. “Bitfinex is taking the proactive step of barring U.S. customers from trading certain digital tokens that may be deemed securities in the eyes of the SEC,” the exchange noted.

Shapeshift announced that “in light of the SEC’s statements, we will need to adapt our service offering to ensure it’s not mischaracterized as a ‘securities exchange’, adding that “we may need to delist some types of tokens from the platform.” Poloniex responded by stating that “as part of our compliance processes, we periodically assess listed tokens, and some may end up delisted as a result.”

Source: SEC Warns of ICO Schemes After Suspending 4 Firms – Bitcoin News

Cryptocurrency Cyber Crime Has Cost Victims Millions This Year – Bloomberg

  • More than 10% of ether holdings for ICOs this year missing
  • More than 30,000 have lost about $7,500 each from ether crime

Here’s another reason to be leery of the initial coin offerings being done at a staggering pace in the cryptocurrency world: there’s a one-in-10 chance you’ll end up a victim of theft.

Phishing scams have helped push up criminal losses to about $225 million this year, according to Chainalysis, a New York-based firm that analyzes transactions and provides anti-money laundering software. In such scams, investors are tricked into sending money to internet addresses pretending to be funding sites for digital token offerings related to the ethereum blockchain technology.

More than 30,000 people have fallen prey to ethereum-related cyber crime, losing an average of $7,500 each, with ICOs amassing about $1.6 billion in proceeds this year, Chainalysis estimates.

“It’s a huge amount of money to generate in such a short period of time,” said Jonathan Levin, co-founder of Chainalysis, whose software and database are used by some of the largest bitcoin companies and U.S. law enforcement agencies. “The cryptocurrency phishers are doing pretty good against all the other types of criminals that are out there.”

Indeed, the huge amount of wealth that has fallen prey to cyber criminals is approaching the losses incurred by robberies in the U.S. for the entire year of 2015, which stood at $390 million, according to statistics released by the Federal Bureau of Investigation.

ICOs are digital token sales typically that raise ether, with users transferring the funds to addresses provided by startups. Investors, sometimes eager to get early access to new token offerings have been tricked into providing their credentials to fake websites through targeted email campaigns, twitter posts and Slack messages, said Levin.

Read more about an Ethereum co-founder’s views on ICOs

Ether rose 0.3 percent to $324.92 on Thursday, according to data from coindesk, while bitcoin rose 0.4 percent to $4,151.47.

Most attacks involve creating websites or social media accounts that sound similar to the real ICO project. Levin gave the fictional example of a project named “illuminate,” which an imposter might fake by spelling it as “iIIuminate.” Using the fake account, they would solicit potential investors to send money to the criminal’s address.

His firm compiled the data by identifying so-called digital wallets used by scam artists. That information is usually public because criminals widely circulate it, hoping to fool investors into sending them money.

Other common forms of crime involve tapping into project loopholes. The DAO, or decentralized autonomous organization, is a smart contract project built on top of ethereum that was intended to democratize how ethereum projects are funded. A bug in the system was exploited and that led to the theft of $55 million worth of ether at the time.

Read more on how tech startups are ditching venture capital for ICOs

Levin didn’t provide data for bitcoin-related cybercrime, and not because it is any safer. He said such data is harder to track as scams are usually specific attacks on individual holders, rather than ICO-related campaigns which try to dupe many people at once.

“The overall figures mean there are infrastructure that we need to build to help prevent people from getting abused,” said Levin.

Source: Cryptocurrency Cyber Crime Has Cost Victims Millions This Year – Bloomberg

Ripple’s XRP Price Climbs 40% on Surge in Korean Trading – CoinDesk

The price of XRP is up more than 40 percent in the past 24 hours, a move that comes amid a period of heightened volume in global cryptocurrency markets.

Data from CoinMarketCap reveals that of XRP – the cryptocurrency of the Ripple network – is trading between $0.23 and $0.24. Much of the trading volume, over $1 billion in the last day, has occurred on exchanges that offer Korean won trading pairs.

Bithumb accounts for roughly 44 percent of the global market’s activity at press time (reporting more than $500 million in volume), followed by Coinone and Korbit. All told, those exchanges make up just over 70 percent of the past day’s total XRP volume.

XRP’s price is still below the market high hit in May, when the cryptocurrency’s price exceeded $0.33. On the other hand, CoinMarketCap data indicates that the last 24 hours have seen the most volume recorded for XRP in a single day.

Other cryptocurrencies have seen in excess of $1 billion in trading volume, including both bitcoin and bitcoin cash. Bitcoin is trading at approximately $4,069 according to the CoinDesk Bitcoin Price Index (BPI), and bitcoin cash’s price is at an average of $635 at press time.

Wall-Street-research-firm-issues-buy-recommendation-on-RIM-expects-a-takeover

Sourced: Ripple’s XRP Price Climbs 40% on Surge in Korean Trading – CoinDesk

LAToken Tokenized Apple Shares to Sell Them for Cryptocurrencies – Blockchain News

LATokenLAToken launched test trades of tokenized Apple shares at LAT Exchange, the first tokenized assets exchange, that allows its clients to sell and buy securities and real assets using cryptocurrency.

Within weeks LAToken will list new asset classes, ranging from real estate to works of art at LAT Exchange, open the doors to assets worth trillions of dollars onto a Blockchain exchange and enabling cryptoinvestors to buy them at minimal transaction costs and maximum transparency and security.

The idea behind LAToken is that tokenizing and making tradeable assets can take the whole investing process to a new level. Here’s how our platform works. Asset owners sell fractions of their asset to a LAT-certified custodian. The LAT custodian tokenizes the asset and sells it to a wide range of investors, from hedge funds to individuals, at the LAT Exchange. Then investors can sell the asset-backed tokens on a secondary market. On the settlement date, the seller buys his asset back, or the custodian sells it at a fiat auction.

To illustrate the disruptive cost reduction we bring to equity and debt financing, here is a comparison of the listing terms and costsat the New York Stock Exchange and the ones LAToken will offer.

The differences are striking. First, we have no limit for the minimum issue volume, while listing at NYSE requires a minimum of $100 million for equity and $5 million for debt. The LAT Exchange has no annual listing fees, while companies pay $100,000 to list equities and $20,000 to list debt at NYSE. Underwriters fees for LAToken’s clients are negligible, much lower than the 2-5% at NYSE. Listing  preparation at LAToken takes less than a week, compared to approximately 6 months at NYSE. Additionally, the retail transaction fees are 1,000 times lower.

latokendrake

 “My dream is to build a NASDAQ on Blockchain with a wider range of tradable assets, blurring the boundaries between crypto- and real ecomonies, and offering our clients a dramatic reduction of listing costs, settlement time, and transaction costs,” says Valentin Preobrazhenskiy, CEO of LAToken. “Another advantage of LAT Exchange is that the Blockchain technology can remove one of the main challenges in the investment process — the asymmetry of information between buyers and sellers — helping us reach full transparency of transactions and protecting against accidental loss of data or its deliberate distortion, ” he adds.

The platform is already operational, and to develop it further, LAToken starts a public token sale on August 22. There will be four rounds, each designed to add a new asset class.

Source: LAToken Tokenized Apple Shares to Sell Them for Cryptocurrencies – Blockchain News

‘Bitcoin Regulation Act’ Introduced in South Korea Bans MLMs – Bitcoin News

‘Bitcoin Regulation Act’ Introduced

'Bitcoin Regulation Act' Introduced in South Korea
Rep. Park Yongjin

Korean Democratic Party lawmaker Park Yong-jin announced last week that he has introduced an amendment for the Electronic Financial Transaction Act. Its main purpose is to create a regulatory framework for digital currencies in order to “maintain healthy market order and protect users,” Inews24 reported. Business Korea calls this amendment the “Bitcoin Regulation Act.”

“As interests in virtual currencies such as bitcoin and ethereum have soared,” Park said “there is no clear definition of virtual currencies or restrictions on those who can sell virtual currencies.” He first announced that he would introduce this legislation back in July. Business Korea wrote:

The Bitcoin Regulation Act is scheduled for a regular session of the National Assembly in September with a growing debate foreseen.

Definitions and Classifications

'Bitcoin Regulation Act' Introduced in South KoreaIn this amendment, virtual currency is defined as “an instrument of exchange or an electronic store of value,” reported Inews24. It also distinguishes virtual currency from “real” currency. The amendment proposes five classifications of digital currency handlers with the following definitions.

  • “Virtual currency traders” – those selling goods or services in exchange for digital currency.
  • “Virtual currency dealers” – those operating a market for the sale of virtual currencies such as exchanges.
  • “Virtual currency brokers” – those intermediating or arranging the sale of digital currency.
  • “Virtual currency issuers” – those offering systems to create and issue digital currencies, and
  • “Virtual currency managers” – those storing or managing digital currencies for others.

Requirements and Prohibited Activities

The revised legislation requires all digital currency handlers “to have 500 million won or more in capital and receive approval from the Financial Supervisory Commission,” detailed Business Korea.

'Bitcoin Regulation Act' Introduced in South KoreaThe amendment also mandates customer funds be deposited at a separate institution with insurance, or some form of payment guarantee in order to protect customers, the publication added.

The legislation prohibits several specific digital currency-related activities such as their sale and brokering through door-to-door and multi-level marketing schemes. It also strictly prohibits illegal acts involving digital currencies, such as market price manipulation and money laundering. Violations can carry a prison sentence of up to five years or a fine of up to 50 million won, Business Korea detailed.

Source: ‘Bitcoin Regulation Act’ Introduced in South Korea Bans MLMs – Bitcoin News

Rivetz Raises $5.5 Million in RvT Token Pre-Sale; Public Token Crowdsale Begins Today, Capped at 200,000 ETH – CryptoCoinsNews

First Decentralized Cybersecurity Token Poised to Add Unprecedented Proof and Assurance of Privacy and Security at the Hardware Level for Billions of Consumer, Business and M2M Transactions

GEORGE TOWN, CAYMAN ISLANDS – August, 10 2017, Rivetz Intl, Inc. (https://rivetzintl.com) today announced it has secured $5.5 million USD (19,000 ETH) in a private presale of its Rivet (RvT) token, a cybersecurity token developed to provide verifiable security controls for cloud authentication, IoT, blockchain, and legacy financial transactions.  The RvT token enables multifactor authentication across devices, to achieve provable security at both the transaction and authentication level. The Rivetz solution uses technology that is already built in to hundreds of millions of mobile devices to assure the keys and transactions can not be altered or stolen by malware infecting the operating system. The token sale will open to the public on August 10, 2017 at 17:00 UTC.

Institutional buyers in the presale, including BnkToTheFuture and Tally Capital, are vocal in their support for Rivetz’s multifactor authentication solution.

“We are very supportive of the goals of Rivetz and happy to add it to our portfolio of tokens,” said Simon Dixon, CEO BnkToTheFuture.com. “Turning our phones into hardware wallets in a way that is scalable will be an important advancement as the world adjust to owning their own digital assets. Rivetz CEO Steven Sprague is a true expert in the field of security, and the perfect leader to bring this innovation in personal security forward.”

“The Rivetz token distribution is a groundbreaking moment in decentralized cybersecurity,” said Matthew Roszak, managing director of Tally Capital and co-founder of Bloq.  “Rivetz provides consumer protections and simplicity that will help blockchain applications achieve their next level of adoption.  This new platform will add a crucial new layer of protection to exchanges, wallet and new tokens to ensure a level of data integrity and identity protection never before available.”

The token sale is led by leading crowdfunding platform TokenMarket. For more information, visit https://rivetzintl.com. The team is available to answer questions on  Slack  or Telegram

About Rivetz

Rivetz is focused on solving problems associated with consumer and machine-to-machine digital transactions. Rivetz technology and services aim to provide a safer and easier-to-use model for all users to protect their digital assets using hardware-based trusted execution technology. The device aims to play a critical role in automating security and enabling the controls that users need to benefit from modern services. Rivetz leverages state-of-the-art cybersecurity tools to develop a modern model for users and their devices to interact with services on the Internet. For more information, visit http://www.rivetz.com

All product and company names herein may be trademarks of their registered owners.

Rivetz Media Contact: Transform Group, rivetz@transform.pr
Rivetz Company Contact: info@rivetz.com
TokenMarket Contact: Freya Stevens, freya@tokenmarket.net

Source: Rivetz Raises $5.5 Million in RvT Token Pre-Sale; Public Token Crowdsale Begins Today, Capped at 200,000 ETH – CryptoCoinsNews

Guide to Buying NEO (Antshares) on Bittrex Exchange

Guide to Buying NEO (Antshares) on Bittrex Exchange

There’s lots to learn in this post. To help you remember, try using my app Harvest, the easiest way to grow your mind. Write or highlight any text and automatically receive reminders on the content (Add from Chrome store).

Prerequisites

Technical Literacy

  • Register an account
  • Enable Two-Factor Authentication
  • Set up an offline wallet on your desktop

Financial Literacy

  • Understand exchange rates
  • Understand a basic transaction (buyer, seller, price, volume)
  • Know your investment limits

Table of Contents

  1. Get Bitcoins
  2. Fund Bittrex Account
  3. Learn Trading Basics
  4. Buy NEO

1. Get Bitcoins

For most people, getting Bitcoins (BTC) is the first step to acquiring cryptocurrencies like NEO. BTC is the world’s crypto reserve currency, like the role USD plays for fiat. Got some obscure coin? Someone out there is probably willing to buy or sell it for BTC.

There are tons of ways to get BTC, but the easiest way is to use the most established crypto platform in the USA, Coinbase.

Help me help you! Sign up for Coinbase using my referral code (already in the link) and we both get $10!

On Coinbase, you’ll be able to purchase BTC with conventional fiat ways (like bank account and wallet), which I won’t even begin to describe here. I’ll wait here while you buy some.

A few days later…

Okay great! Let’s get those BTC over to Bittrex, one of the best exchanges for acquiring coins like NEO. Tab on over in your Coinbase account to “Send” and pop in that Bitcoin address from your Bittrex account with all of your newly bought BTC.

I have only 0.0023344 BTC 😦

2. Fund Bittrex Account

What Bittrex account address, you ask? If you haven’t already, make an account on Bittrex with basic and phone verifications set up so you can get some Digital Token Trading in. If everything is set up correctly, then your “Settings” tab should have a check mark like the following:

Now you can head over to your “Wallets” tab and click on the “+” next to “Bitcoin”. Clicking on that will pop open an address that represents your personal online wallet that Bittrex holds for you. This address is where you should be sending your BTC that you bought from Coinbase.

Yea that’s my real wallet on Bittrex. Feel free to send any BTC ^^

Continue Reading Here: Guide to Buying NEO (Antshares) on Bittrex Exchange

Monero Price Jumps 14% Amid Search for Anonymous Cryptocurrency Solutions

moneroCryptocurrency markets are always good for some degree of speculation. Although there is a very strong focus on the top 5 cryptocurrencies right now, it seems the big surprise of the day is none other than Monero. For some unknown reason, the anonymity-oriented cryptocurrency has risen over 14% in value these past 24 hours. That is rather remarkable, although there could be many different reasons for this sudden price movement.

MONERO PRICE SURPASSES US$45 ONCE AGAIN

There have always been a few cryptocurrencies which focus on the features Bitcoin can’t provide. Both privacy and anonymity are two traits often associated with Bitcoin, yet wrongfully so. The world’s leading cryptocurrency is pseudonymous, but offers no privacy or anonymity traits to speak of. While some people see this as a weakness, it is evident Bitcoin is designed with these “flaws” in mind.

Those who require more privacy and anonymity must look into different cryptocurrencies to achieve that goal.  Ethereum, Litecoin, and Ripple will not get you very far either. There are only two currencies in the top 10 which provide such features: Dash and Monero. However, Monero seems to have a leg up over Dash when it comes to anonymity, which is the aspect the vast majority of community members desire the most.  It is highly worth your time to check out the Monero website to see how its anonymity is achieved.

It is safe to say these are rather interesting times for anyone who values privacy and anonymity in the cryptocurrency world. Two major darknet markets have been shut down, both of which used Bitcoin as their main currency. BitMixer is also on the way out, as its operator had a sudden change of heart and feels “other currencies” are better suited to use for anonymity reasons. Monero now has a legitimate chance of overtaking Bitcoin in this regard, as people will have a tough time finding a trustworthy mixing service.

Source: Monero Price Jumps 14% Amid Search for Anonymous Cryptocurrency Solutions

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