• SEC
    Ethereum,  United States

    SEC doubles down, approving a second blockchain token offering in less than 24 hours

    Instead of selling its Props Tokens, streaming video platform YouNow will use the cryptocurrency to reward users and creators

    The U.S. Securities and Exchange Commission approved a second blockchain company’s request to sell its tokens to the public on July 11, a day after breaking ground by greenlighting its first public cryptocurrency sale.

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    United States

    SEC finally approves cryptocurrency offering, green-lighting Blockstack token offering

    The distributed web platform developer can sell up to $50 million worth of tokens to the public

    The U.S. Securities and Exchange Commission has finally given a blockchain company the O.K. to sell tokens directly to investors—sort of. The SEC on Wednesday approved blockchain startup Blockstack’s application to raise money  via a token offering, the first time it has allowed this type of fundraising in the cryptocurrency industry, according to the Wall Street Journal. The SEC has sued and fined several companies for initial coin offerings (ICO) that the agency said violated securities law. The action “is a massive step towards the much-needed clarity for the US crypto space,” according to social trading platform eToro’s senior market analyst, Mati Greenspan. “This could be considered the first regulated…

  • If it can be traded, it can be charted (via Pixabay).
    Bitcoin

    Analyst says bitcoin’s wild June volatility dooms SEC approval of ETFs anytime soon

    Arca Chief Investment Officer Jeff Dorman called last month’s price volatility brutal and unprecedented

    Arca Chief Investment Officer Jeff Dorman said in a note on July 2 that after a “brutal [June] with unprecedented volatility,” the U.S. Securities and Exchange Commission (SEC) is unlikely to approve cryptocurrency index funds (also known as exchange-traded funds) anytime soon.