Open Trading Network to Launch Crypto Exchange

The OTN Exchange, connecting various brokers and partners to the platform, is scheduled to be released in April 2018
28 March 2018   1009

Open Trading Network is the platform that aims to bring the cross-chain technology and unite all blockchain networks and market participants. Open Trading Network has announced that from April 2018 it will be bringing a trading solution to the crypto-market , providing collateralized and decentralized cross-chain exchange.

Soon after the lauch of OTN wallet supporting 7 cryptocurrencies, OTN Exchange should begin operations  facilitating tokenization of crypto assets via the centralized tokenizer. The OTN Exchange, which is scheduled to be released in April 2018 should connect various brokers and partners to the platform. The exchange will be conveniently accessed via the OTN wallet .

As for the long-range plans of OTN, the full tokenization of crypto assets through a decentralized tokenizer and depository, achieved through the launch of the OTN.x multi-chain technology, will be implemented in September of 2018. Moreover, 13 months after the official launch OTN will deliver the decentralized clearing of all network operations and November of 2018 will bring the implementation of tools for regulators.

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

Average price: $2,59
Marketcap: $9 299 700
24h volume: $60 060

California Court to Issue a Temporary Ban on Blockvest

SEC had found a lot of violations, including the "approval" of non-existed "Blockchain Exchange Commission"
15 February 2019   123

The Southern District of California Court, represented by Judge Gonzalo Kuriel, issued a preliminary ban against BlockOw ICO-startup Blockvest LLC and its founder Reginald Buddy Ringold (Rasul Abdul Rahim El), citing violations of securities laws in the past and possible violations in the future.

SEC Info
SEC Info

Court ruled that the BLV tokenail violated the norms of section 17 of the Securities Act of 1933, and recognized tokens as unregistered securities.

November last year, Judge Gonzalo Curiel refused to recognize the Blockvest project token as a security, because the SEC could not prove otherwise.