CFTC explains cryptocurrency to general public through their new website

CFTC unveils a new informational portal for educating the public about digital commodities
19 December 2017   860

Just as the bitcoin futures become a thing, US Commodity Futures Trading Commission (CFTC) fires up a website in hopes of educating general public about cryptocurrencies and digital assets in general. The site features a variety of materials and links, such as CBOE and CME Group futures launch dates and CFTC own releases, like an October primer about CTFC siding with US SEC on the matter of ICO tokens being commodities.

The press release about the website states that financial technologies have the potential for significant, if not transformational impact on markets regulated by the Commission, and even the agency itself. One of the recent marketplace developments, which proved this point, is the rise in the prominence of virtual currencies, especially Bitcoin.

The release probably represents the trend of normalization and acceptance of Bitcoin in the eyes of the agency. In 2015 CFTC classified Bitcoin as a commodity, and now, the CFTC's chief commented, that even up to this day Bitcoin is still an unusual kind of commodity by any old standard. And today, when the same challenge is presented to SEC, the CFTC aims to support its fellow government branch.

Raven Protocol to be the First IDO at Binance DEX

Team cannot say exactly how IEO will pass, since similar campaigns hadn't been concluded at Binance DEX before, but they are going to sell $500k worth tokens
14 June 2019   404

The Raven Protocol cryptocurrency project announced about the planned initial exchange offering (IEO), which will be based on the infrastructure of the Binance DEX exchange - in this case the campaign will be called IDO or Initial Dex Offering.

Raven Protocol confirmed the right to list its token on Binance DEX paired with BNB on June 17 at 9:00 UTC. At the same time, the IDO of RAVEN tokens will start. The project draws attention to the fact that neither Binance, nor Binance Chain, nor Binance DEX stand behind this initiative.

At the same time, Raven Protocol notes that it cannot say how exactly IEO will pass, since with Binance DEX, similar campaigns have not been conducted before.

Potential participants need to pass a preliminary identification by sending to the address of their address in the Binance Chain, an identity document, a selfie and proof of residence.

In total, Raven Protocol expects to raise $ 500,000 by selling 3% of its own token emission (300,000,000 RAVEN). Accommodation will be on a first come, first served basis. The limit on the amount of investment for one user is declared at the level of 100 BNB.