Einsteinium to Release Weeee Cash Platform

Weeee Cash is both a social network app and lite mobile wallet for EMC2, which will be released on March 16, 2018
14 March 2018   283

The Einsteinium Foundation’s mission is to raise funds for scientific research. Its mining tax creates a pool of funds that provide grants to deserving applicants. Einsteinium has integrated crowd funding into the process to award the grant beneficiary more funds than it could immediately supply. This enables the team to market the project, coin, sponsor items, and the benefits of cryptocurrency to a wider audience.

Einsteinium has recently announced that it is releasing Weeee Cash on March 16, 2018. Weeee.io is an EMC2 based social platform consisting of multiple mobile and web applications. The first in the series, ‘Weeee Cash’ code is complete and is in the testing phase.

Weee Cash release announcementWeeee Cash Release Annoucement

Weeee.io is both a social network app and lite mobile wallet for EMC2. The App will allow users to exchange items where each item’s price is calculated in EMC2, and items are presented in the form of stickers. Moreover, the App will allow direct transfer of EMC2 coins, notifications, and even a map of stores where the users will be able spend and buy coins nearby.

At the moment of press, these are main market parameters of Einsteinium:

Average price: $0,378814
Marketcap: $82 059 021
24h volume: $80 365 800

SEC to Start Crypto Hedge Funds Check

To date, the regulator has identified at least 100 funds working with crypto-currencies
23 March 2018   35

The US Securities and Exchange Commission is preparing to check about 100 hedge funds that work with crypto-currencies. The Wall Street Journal writes about this with reference to a source familiar with the situation.

The initiative followed the announcement of the verification of dozens of crypto-currency start-ups suspected of spreading securities under the guise of digital tokens.

Although the agency will pay attention to various violations during its audit, the main task is to inform the market participants about the policies that the regulator adheres to the crypto currency, the source said.

The audit will begin within 2 months, the source said. The Commission will pay attention to whether the assets that buy hedge funds match those that they offer to their investors. The SEC will also check how hedge funds inform investors about the risks and how their documents describe the trading strategy for crypto-currencies and tokens. To date, the regulator has identified at least 100 funds working with crypto-currencies.

The SEC directly regulates hedge funds under the control of which there are assets worth more than $ 150 million, and smaller companies check periodically. In 2017, 84 crypto-currency hedge funds were launched.