Gate.io to Begin BTT Perpetual Contract Trading

The maximum deposit amount for this contract is limited to 1 BTC, but it can be increased
07 February 2019   1194

Cryptocurrency exchange Gate.io added perpetual contracts for BitTorrent tokens (BTT) with the possibility of leverage up to 100x. This is reported on the website of the trading platform.

The contract is available in pair with the US dollar (BTT / USD). The maximum deposit amount for this contract is limited to 1 BTC by default, however, it can be increased over time depending on the market conditions and the rating of one or another investor.

Perpetual contracts are similar to futures. They also allow you to open positions for a fall using leverage, however, unlike futures, they have no expiration date.

Note that the BitTorrent project performed a successful IEO on the basis of the Binance Launchpad platform - in just 18 minutes $ 7.2 million was collected. It was enshadowed with some technical issues.

US Crypto Companies to Support TON in Case With SEC

The Blockchain Association said Telegram taken sufficient measures to ensure that the Gram token offer met SEC requirements
23 January 2020   133

The Blockchain Association, which combines companies such as Coinbase, Circle, 0x and Ripple, issued an expert opinion as part of the ongoing proceedings of the US Securities and Exchange Commission (SEC) with Telegram.

Previously, the Digital Commerce Chamber launched a similar initiative. The blockchain association, however, was more straightforward and stated that Telegram had taken sufficient measures to ensure that the Gram token offer met SEC requirements. According to members of the organization, the actions of the SEC can damage not only Telegram, but the market as a whole.

The Court should not block a long-planned, highly anticipated product launch by interfering with a contract between sophisticated private parties. Doing so would needlessly harm the investors that securities laws were designed to protect.

 

The Blockchain Association

The Blockchain Association notes that for many years it has not been possible for SEC to obtain clear and unambiguous guidance for conducting activities in the cryptocurrency space, while the claims of the regulator make the current situation even more ambiguous. 

The SEC’s lawsuit also raises novel questions regarding whether companies are forbidden from raising funds from sophisticated U.S. investors, under well-established regulatory provisions, to build blockchain networks.

 

The Blockchain Association

They cite examples of startups TurnKey Jet and Pocketful of Quarters, in respect of which the regulator recommended not to apply legal measures, adding that such litigations inevitably involve high costs and do not guarantee industry participants that they will not be prosecuted in the future.

Telegram discussed its plans with SEC staff for a year and a half, provided copious information and responded to limited feedback by adjusting the design of its transaction. Yet, at the end, the SEC has sued, and the SEC’s briefs thus far say nothing about the substance of those discussions. 

 

The Blockchain Association

In conclusion, the group asks the court to “reject the SEC’s arguments that the not-yet-in-existence Grams were securities at the time of the Purchase Agreements.”