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Could SEC go against Ripple and Ethereum?

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SEC against Ripple and Ethereum
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As crypto coin enthusiasts, we are used to a mix of good and bad news. This time news is not that good. The digital financial markets came to the headlines this month when a former U.S. regulator stated that Ripple and Ethereum are illegal, being “noncompliant securities.” This could mess up crypto markets and weaken both Ripple’s and Ethereum’s liquidity.

But it’s not over yet. It would seem right now, according to reports, that authorities won’t be taking monetary or regulatory measures against cryptocurrency trade anytime soon.

The current information we have

The point on ICO (initial coin offering) is to raise funds to create an online service (it worked for Telegram, bigtime). The tokens offered in the ICO can be redeemed in time. ICO shareholders deem these tokens as a means to an end and hope to earn enough so that further sales will help them and report a profit.

And, not to be cynical, but some ICOs have been full-fledged scams. U.S. regulators have been slow to regulate this market, but they have issued warnings (last July, most notably). Jay Clayton, head of SEC, sent out a notice that every token sale must be regarded as a security transaction.

As if SEC goes going against Ripple and Ethereum (two of the most relevant cryptocurrencies right now) it could create havoc in altcoin markets for sure. Some of the market observer’s share SEC’s view. 

Some people also think that SEC has a case against Ethereum and Ripple. It could be a long fight in the courts. But the general consensus is that SEC doesn’t really want to go against the markets. They have better things to do.

In the meantime, the U.S financial regulations may not be that happy about the astonishing innovation the blockchain technology represents. Just remember this: the blockchain is not country-bound. It’s everywhere, and it will remain to be worldwide. If it turns out you can’t trade within the USA, you will still be able to do that the world over.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Charlie Johnson via Flickr

Blogs

Stablecoins Rivalry: Which New Coin will Replace Tether (USDT)?

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After the recent Tether (USDT) incident, a lot of investors started paying more attention to stablecoins. However, they were quite popular long before USDT started losing its value, and a lot of new ones were in development for a while now. These days, the stablecoin invasion is in its full swing, with around 57 coins being around — either already in circulation, or about to enter.

While most crypto investors already know this, we should explain that stablecoins are cryptocurrencies that are backed by another asset. This other asset is often a fiat currency, such as the USD. This is done so that their price would always be the same. with each coin being backed by the same amount, which is usually $1. That way, the coin is able to escape volatility, and ensure stability, hence the name.

While there were numerous stablecoins in circulation already, the one that made them known and popular was Tether (USDT). This is a coin issued by the Tether company, which claims that it can back each coin in circulation with 1 USD. However, since the company failed to provide proof that it actually has enough money to do so, the coin lost its credibility, and investors started dumping it.

This has left an empty spot in the space, and numerous stablecoins rushed in to fill the gap left by Tether. Today, we will review some of these coins.

1. Tiberius Coin…

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Altcoins

5 Reasons Why BAT is A Good Investment

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In their search for the next great investment opportunity, people often tend to run into Basic Attention Token (BAT). A lot of investors have developed a significant interest in the coin, and are wondering if things are truly as good as they seem.

With so many scams and fake coins out there, as well as bad investments that seem good at first, it is a good idea to be skeptical. However, in the case of BAT, many agree that the coin is an excellent investment that should not be missed or overlooked. So, today, we will discuss why this is, and why you should add BAT to your investment portfolio.

1. The project’s goal

BAT has a goal to solve a problem that all of us are already very familiar with, and that is the issue of online ads. For a lot of people, ads are annoying, often irrelevant, and they tend to pop up in all the wrong moments. No to mention that they are intrusive, advertisers steal or buy your private data in order to process it and target you with more appropriate ads, and more.

Most people choose to deal with this by installing ad block extensions. However, what if there is a better way to go around it?

This is where BAT comes in. The project uses its technology to solve this problem by blocking ads unless users decide to interact with them by…

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Altcoins

How and when Electroneum (ETN) mass adoption will catch fire

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Before we talk about how Electroneum is thriving towards mass adoption, let’s take on some basics. What is the meaning of “mass adoption” and what cryptocurrencies could really achieve it? The answer to these two questions will ultimately determine the destiny of the cryptoverse.

Sooner or later some tokens will become useful (and used by) a lot of people in the real world. That will create demand for those tokens and that demand will bring its value up. It will be the point at which the crypto market becomes mature, one that answers to real economic forces (such as supply and demand) instead of being a toy for speculators as it still is today.

So let’s start at the beginning. Mass adoption means that, given any kind of technology, product or commodity, at least seven out of ten people know what it and what they can do with it. This definition doesn’t take into account if they actually use it, only if they know about it. Think about Facebook, for instance. Not everybody you know has an active account there.

But chances are almost everybody you know understands what it is and that they could start using it anytime they wanted (if they’re not using it already) at a rate higher than 70%. Maybe a more explicit example is coffee. The percentage of coffee drinkers in the US is about 83% which is enough to ensure it’s mass-adopted. And everybody…

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