HitBTC launches ATB Coin trading

HitBTC crypto exchange is to launch ATB Coin trading in the near future
15 October 2017   1008

HitBTC cryptocurrency exchange launches ATB Coin trading. According to the representatives of the project, the launch will take place on October 16th at 15:00 Moscow time.

ATB Coin project team managed to raise $27 million during ICO in order to create its own blockchain protocol, taking into account the technological experience of the existing cryptocurrencies. During the token sale, over 30 million coins were distributed with a maximum emission of 50,286,217 ATB. Almost immediately after a crowdsale, the native ATB token began to be traded on the YoBit crypto exchange.

It is also noteworthy, that the project received an ICP license, which is mandatory for online operations in China, thus ensuring the possibility of adding to the largest Chinese trading platforms.

Smart contracts, Segregated Witness and the Lightning Network are to be supported in the protocol developed by the project team. 

ATB Coin price chart on coinmarketcap.com
ATB Coin price chart on coinmarketcap.com

At the time of writing, the price of ATB Coin is about $0.996856, its market capitalization is $38,193,386.

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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.