News

Crypto Money Victory: Colorado Holds Crypto Currencies Exempt from Securities Laws

Colorado Governor Jared Police signed Digital Token Law. The new law exempts some of its crypto currencies from securities laws and allows technology professionals in Colorado to work outside the strict enrollment requirements.

Exciting day for the #blockcha technology. @govofco @jaredpolis signed the #Digital Token Act today with key legislators, Attorney General @pweis is, and #Colorado cabinet members Patty Salazar with @doracolorado, @betsymarkey with OEDIT, and @theresaszczurek Ugh @oıtcolorado. pic.twitter.com/eroeloedpy

- TheresaSzczurek (@TheresaSzczurek) March 7, 2019

In Colorado, MPs introduced the SB19-023 earlier this year to address regulatory uncertainties about crypto currencies. The transition of the Digital Icon Act opens the way for entrepreneurs to emerge in Colorado and the creation of new technologies, powerful ecosystems and decentralized practices that can utilize utilities to strengthen various activities.

According to the new law, crypto coins that meet certain criteria will not be labeled as securities and will not be subject to the laws specifically designed for different financial instruments.

Exemplary crypto coins emphasize some of the main differences between traditional, regulated security, stock or bonds, and the class of crypto currencies that are able to implement today's değer smart contracts Mu, perform their functions and convey their values.

The new law emphasizes some of the important differences between the class of crypto currencies that are capable of carrying out today's evolving eri smart contracts önemli, performing functions and transferring value with traditional, regulated security such as a stock or bond.

The deputies agreed that they are not the same!

Crypto currencies, which are lam primarily for consumption purposes may with qualitative use cases and available for bidding, selling or transfer, will no longer be subject to potential prohibitions under Article 51.

This use status will provide details of specific goods or services that are dependent on the digital asset.

Within the scope of the movement, Colorado is becoming more and more crypto-state, aiming to support entrepreneurs who build blockchain-based systems.

”Colorado has become a hub for companies and entrepreneurs who want to use cryptoeconomic systems to strengthen business models based on block chain technology.“

These businesses are usually collecting capital through the sale of token.

”Blockchain provides the right solution. A Right on @govofco #colorado the #blockcha pic.twitter.com/4hv94wzv3w

- Colorado Blockchain (@ColoBlockchain) February 27, 2019

Transition was a big step for the advocates of the digital economy. It was an important step to support developers, entrepreneurial capitalists and investors who are working to blend traditional platforms with crypto infrastructure and block chain based solutions.

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Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Real crypto OG's will rally around me.

The real ones that know the truth, and what happened from day 1.

Talk to you guys soon.⏳#FreeTrevon

— Trevon James, Founder of our.glass Crypto (@BitcoinTre) May 28, 2021

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

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Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

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Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph