The highly acclaimed legal firm of Nagashima Ohno and Tsunematsu released a commentary on a proposed Japanese FSA bill this week. The bill was first proposed by the Japanese Financial Services Agency (FSA) on March 15, 2019. If passed, it would make a final distinction between security tokens and other forms of cryptocurrency. Consequently, Japanese […]
Category: STO News
Tether Not Fully Backed
In an affidavit containing the subheading “Tether Holders Are Not at Risk,” Stuart Hoegner, a lawyer representing Tether, admits that the company only has the fiat reserves to back about 74 percent of its coins. However, Zoe Phillips, another attorney representing Tether, claims the platform does not need to back every token it issues.
Ethereum Community Still Apprehensive Toward Polkadot
During a weekend vote, participants in the Ethereum community used Aragon tokens to vote down a proposal to fund the development of the interoperable blockchain platform Polkadot.
DBS Upgrades Its Digital Token for Corporate Customers
Singaporean-based multinational bank DBS has announced they will be upgrading their digital token for corporate customers in May. The purpose of the token is to make banking through DBS more secure. Starting in May 2019, DBS bank will be undergoing some changes. The Singaporean bank is eliminating its one-time passwords via SMS for corporate customers. […]
Bitfinex Considering to Launch Exchange Token: Report
With this, the exchange can recover the losses it incurred to Crypto Capital.
Pixelbit (PXB Token): Digital Currency for Gamers and Game Developers
What Is Pixelbit? PixelBit (PXB Token) is a cryptocurrency based on the Ethereum Blockchain that targets both gamers and game developers with the aim to revolutionize the gaming industry by merging the gaming world with digital currencies. PixelBit seeks to make it possible for gamers to pay for in-game purchases using cryptocurrencies and unlock additional […]
Bakkt Acquires Custodial Service DACC in Likely Attempt to Receive CFTC Approval
In an announcement dated April 29th 2019, Bakkt’s COO Adam White detailed the acquisition of Digital Asset Custody Company (DACC), a custodial solution for Bitcoin and other digital assets. As regulatory approval has caused a few hurdles in Bakkt’s initial roadmap, the recent move could lead to a green light from the CFTC. Bakkt’s Regulatory […]
eToroX Adds Three More XRP Trading Pairs, Along with 7 Stablecoin Options to Ripple’s Coin
Have you heard of the launch of eToroX? eToroX is the fully regulated crypto exchange created by the team behind the social trading platform eToro. The new platform seems to be very friendly with Ripple’s XRP tokens, since it has listed XRP against seven stablecoin pairs so far, they are GBPX, EURX, USDEX, CHFX, CADX, […]
BSV Co-Leader Calvin Ayre: Binance is Involved With Money Laundering, Terrorism Financing
It looks like the crowd that supports Bitcoin Satoshi Vision (BSV) has decided to attack someone in the crypto community once more, as it is becoming their normal behavior. Their target this time is Binance, which delisted their token two weeks ago, which is a clear retaliation for what happened, it seems. One of the […]
Understanding Societe Generale’s Security Token Bond: Banking’s Future Will Be on Ethereum
According to a new opinion piece by Michael J. Case, senior advisor for MIT’s Digital Currency Initiative, the news about Societe Generale issuing a security token bond has long-term consequences. Most importantly, it may signal to other banks that Ethereum is “the one.” The news that Societe Generale would be issuing $112M in bonds using […]
