EOS burst in top 10

New cryptocurrency reached 9th spot of Coinmarketcap ranking with over 280% growth
03 July 2017   1594
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

Interesting and innovate cryptocurrency EOS is now at the 9th place of Coinmarketcap ranking.

Coinmarketcap ranking
Coinmarketcap ranking

As you can see from the table, market capitalization of EOS reached $646552000. Over the past 24 hours, EOS has grown by more than 280%. 

EOS Markets
EOS Markets

As you can see on the screenshot, 81.67% of EOS' volume was sold on the Yunbi - Chinese exchange, where EOS is traded in the tandem with yuan.

Additionally, EOS is being sold at the Kraken and BTER exchanges actively. 

As we mentioned yesterday, EOS gained 1 700 000$ in first five days of ICO. This is new industry's record. 

Wyoming Passed Bill Exempting Utility Tokens from Securities Laws

The Wyoming House of Representatives has unanimously approved a bill exempting utility tokens from securities laws  
20 February 2018   71

On Monday, House Bill (HB) 70 passed the House 60 to 0 and will now head to the Senate. The bill exempts utility tokens from securities laws. This will attracts ICO’s launches to the state and will make the state a favorable environment for blockchain startups.

According to the bill, the utility token must meet three conditions:

  1. The token’s issuer must not market it as an investment;

  2. The token must be exchangeable for goods and services, for example, startups must have a working product or service at the time the tokens are issued;

  3. The token’s issuer must not actively make efforts to create a secondary market for the token by entering into a repurchase agreement or agreeing to locate buyers for the token.

It is important to note that there are four more cryptocurrency and blockchain-related bills currently moving through the Wyoming legislature.

HB 19 passed the House of Representatives on Monday and is now awaiting introduction in the Senate. The bill exempts cryptocurrency from the state’s money transmitter act.

HB 101 has passed its second reading in the House and, if it passes its final hearing, will then go to the Senate. This bill will allow companies to create and use blockchains for the purpose of storing records and conducting inter-office communication.

HB 126 has just passed its second reading in the House. It will allow the creation of series LLCs.

Senate File (SF) 111 passed a vote to introduce on Friday and is now headed to a committee hearing. This bill will exempt cryptocurrency assets from state property taxes.