Cryptocurrency
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The Sun Exchange funds solar installations with micro-investments and bitcoin
Solar power could transform small communities around the world, but remote villages can’t always scrape together the thousands of dollars required to install the cells. The Sun Exchange wants to change that by leveraging the hearts and wallets of hobby investors, who cover the installation costs and then have their share of the revenue trickle in for years to come. There’s even… Read More
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Japanese bitcoin exchange bitFlyer is coming to the U.S
Japanese cryptocurrency exchange bitFlyer announced today it’s expanding to the U.S, with approval to operate in 41 states starting today. This includes regulatory approval in New York via the state’s Department of Financial Services’ “BitLicense”, which only five other cryptocurrency companies currently have. For comparison, Coinbase has approval to operate in… Read More
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BitTorrent inventor announces eco-friendly bitcoin competitor Chia
A bitcoin transaction wastes as much electricity as it takes to power an American home for a week, and legendary coder Bram Cohen wants to fix that. Cohen has started a new company called Chia Network that will launch a cryptocurrency based on proofs of time and storage rather than bitcoin’s electricity-burning proofs of work. Read More
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Dear Floyd Mayweather, you’re why the SEC exists
Dear Floyd Mayweather: While perusing Facebook, I chanced across your post drumming up interest in the upcoming Stox initial coin offering (ICO). I understand your motivations in wanting to diversify your portfolio of investments, but I caution that your actions are reckless and potentially financially damaging to you and your fans. Read More
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SEC regulators are coming after ICOs
It looks like ICOs, shorthand for initial coin offerings, are about to undergo a lot more scrutiny.
The SEC has concluded that the digital currency financing events will be regulated as securities, meaning unregistered offerings could be subject to criminal punishment. The decision was announced on Tuesday.
To reach its findings, regulators evaluated an offering facilitated by “The… Read More
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