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   1681

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.

Bitifinex to Cooperate With Bitrefill

Exchange's users will be able to purchase products from the Bitrefill catalog with help of Lightning Network
05 December 2019   149

The Bitfinex cryptocurrency exchange has entered into a partnership with the service of replenishing mobile accounts and gift certificates Bitrefill.

Using Lightning Network (LN) technology, Bitfinex users will be able to purchase products from the Bitrefill catalog, which includes more than 2,000 digital gift cards and options for replenishing mobile accounts.

As soon as the user pays for the goods using Bitcoin, Bitfinex and Bitrefill automatically settle through the LN network, which makes transactions cheaper and much faster.

Bitcoin’s use as a means of payment represents an important milestone in the inevitable journey towards mass adoption. This is why the Lightning Network is so important. As an exchange, Bitfinex is at the forefront of developing solutions utilizing this technology.

Paolo Ardoino

CTO, Bitfinex

On December 3, Bitfinex integrated payment support through the Lightning Network.