Cryptos Like BTC Aren't Securities, SEC Chairman Says

Jay Clayton from Securities and Exchange Commission said that Bitcoin can replace dollar, euro or yen, so it's not a security
07 June 2018   1408

The head of the US Securities and Exchange Commission (SEC), Jay Clayton, in an interview with CNBC said that bitcoin is not a security and countered it with traditional money.

He said that Bitcoin can replace the dollar, yen or euro, "so we can not classify it as a security class."

According to Clayton, tokens can be referred to securities, as they fulfill the role of digital assets and the US financial controller controls this area.

If I give you money, and you go and make a venture. And in return for me giving you my money you say: "I'll give you the return." Or you can get the return by selling your token to somebody on the secondary market - that is a security.

Jay Clayton

Chairman, SEC

Earlier, Jay Clayton said that the SEC intends toughen the fight against fraudulent ICO.

Casa to Launch Lightning Node Mobile App Called Sats

Casa to Launch Sats App With Lightning Network Support
04 July 2019   883

Casa startup, specializing in the creation of secure storage systems for private keys, introduced a mobile bitcoin application Sats App, which makes it easy to manage Lightning-node.

Sats App is positioned as a non-custodial bitcoin wallet "with unique functions." According to Casa CEO Jeremy Welch, the SatsBack reward program will soon be launched, under which users will receive small amounts in BTC. For example, for connecting an application and a Casa Node device to each other, the user will receive 20,000 Satoshi.

Features are focused on increasing adoption of bitcoin and lightning nodes. You will be able to earn bitcoin if you don’t have a Casa node, but you will be able to earn bitcoin faster if you have a node.

Jeremy Welch 

CEO, Casa

He also added that the application, available for iOS and Android, is “secure, private and connects via Tor”.

According to CoinDesk, the startup earlier raised $ 3.5 million from Castle Island Ventures, Boost VC and Compound, and several other investors. Currently, a startup staff of 25 people serves users from 60 countries.