According to the head of SEC, ICO should be regulated like the securities offering
07 February 2018
The head of the US Securities and Exchange Commission (SEC), Jay Clayton, said that all the ICO held at the time of the hearings in the Senate Committee on Banking Supervision placed shares on the market. Thus, the head of the agency clearly defined the government's position on the status of the tokens issued during the ICO, reports CoinDesk.
I believe every ICO I’ve seen is a security. [At the same time] no project was registered with the SEC.
Massachusetts senator Elizabeth Warren, who takes a tough stance towards the ICO, asked the officer if they violated the securities legislation in this way.
"Yes," he replied.
Clayton also said that the SEC can not determine the exact amount of aggregate investments by US citizens in ICO projects in 2017, but he is convinced that it is large enough for the agency to pay attention.
In his opinion, the organizers of the ICOs know that they must comply with US legislation and SEC regulations, but they ignore it, since regulators have not established a clear framework.
I want to go back to separating ICOs and cryptocurrencies. ICOs that are securities offerings, we should regulate them like we regulate securities offerings. End of story.
Jay Clayton also noted at the Senate hearings that blockchain technology can be very useful for verifying data and creating distributed storage and record keeping systems.
Most interesting upcoming ICOs: Havven, AdBlurb, Grain, UltraYOLO, True Game, BioCrypt, Tradershub, RewardMob, InDeep and PakcioChain
23 February 2018
The year 2018 started not so great for the crypto community. The overall marketcap fell from $800B to $395B; Bitcoin fall from $20k to $7. But the market seems to be getting alive again! And the ICO market looks healthy. Over $2b was raised in the first few months of 2018. So may it is time to look to this market closely?From the ICO list below, you can check our ICO reviews. Stay tuned to the Hype Codes to get the latest ICO news.
Today we have prepared for you the very best and the most interesting ICO, that will start offer coins on the next week.
Don’t forget to read to the bottom and take part in our poll about upcoming ICOs.
Havven is a decentralised payment network designed to enable everyday cryptocurrency purchases. The network utilises a dual token system to reduce price volatility. The fees from transactions within the system are used to collateralise the network. The collateral is secured by the blockchain enabling the creation of a new asset-backed stablecoin, nomin tokens. Each transaction will generate fees that are paid to havven token holders. As transaction volume grows, the value of the platform increases and active participants are rewarded with increased transaction fees. This permissionless, low-fee, and stable payment network will enable anyone anywhere to transact with anyone else.
Adblurb is the long waited solution for the advertising industry. Adblurb will change the advertising method you know today ! Not just publisher but viewer will get so many advantages. Token holders will have tons of good news in near future.
Grain processes work agreements on the blockchain and has an instant payment mechanism. It helps companies save billions of euros/dollars annually in middleman services and payment processing costs. Grain is a backend solution that allows labor management systems and freelancer platforms to integrate smart contract and financial transactions on the blockchain.
UltraYOLO project is a decentralized lottery protocol built with blockchain technology. The primary mission of this project is to create a platform to manage and run the world’s largest international lottery. Our project introduces Proof-of-Randomness (PoR), which solves the issue of random number generation and miner attacks that plague existing lottery and gaming applications. Our protocol will involve a masternode network to ensure Proof-of-Randomness and to manage the health of the network as a DAO.
The first ICO with a fully working iGaming project that received extremely positive feedback from the community. Truegame is a truly unique iGaming product: users are already playing more than a dozen different games (scratch cards, prize draws, lotteries, giftboxes, etc.). We closed a private round of funding within 24 hours and even refused additional capital. We launched our product together with a team of specialists from the gambling industry, and now that we're proven, we are ready for scale-out and market expansion.
BioCrypt will allow users to literally keep their assets on hand at all times! PGP encryption combined with biometric authentication via physical presence within the body or fingerprint scan provides superior security to any other asset storage system available. Authenticated BioCrypt chips will grant access to unique wallets facilitating transfer of BioCrypt tokens as well as multiple crypto and fiat currencies. BioCrypt transactions will be processed on our recently developed decentralized blockchain; BioChain.
We are creating a platform that will provide a powerful single point of interaction with the cryptocurrency markets. By blending sophisticated engineering with an elegant user experience and crowdsourced intelligence, we empower traders with everything they need to trade effectively within a trustworthy and safe trading environment. The platform will allow us to aggregate people and trading services together in dynamic ways in order to deliver a next-generation trading platform that will hopefully become the go-to solution for diversified portfolio management and all trading-related activities.
RewardMob is a tournament based eSport and loyalty program for mobile game developers. We have a fully integrated wallet built on the Waves Blockchain that allows users to earn and win RMOB Cryptocurrency tokens. We can easily turn any mobile game into a free casual eSport. Rewards are earned when users plays games that are integrated with the RewardMob software. Once a user has earned one or more rewards they need to open them to reveal what they have earned. Rewards range from gift cards, our RMOB cryptocurrency tokens or tournament points that help them move up the leaderboard. At the end of the tournament the winners are paid in RMOB tokens, cash or prizes from our sponsors.
We have been exploring gaming environment for years and now the time has come to make our breakthrough point. Signifcant number of platforms has been offering access to games after making a payment in FIAT. It means that this system provides the entertainment only if the user previously collected appropriate quantity of funds. In our opinion, in XXI century the entertainment should be widely available with simultaneous possibility to raise funds for next games. In every day playing we do not use the full potential offered by hardware of our computers.
Sales dates: February 28 - Mar 31 Accepted currencies: ETH, BTC Soft cap. 7.5M EUR Hard cap: 25M EUR Website and Whitepaper
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Hype.codes team works everyday to bring you the best reader’s experience. We are trying to add some new cool features every day. Hype.Codes Rate is average, abstract ranking of ICO, that we give to every upcoming ICO. It depends on such criteria:
Landing webpage design
Completeness of information provided on the landing webpage
Convenience of information search on the landing webpage
The concept itself
Reputation and accessibility of information about the project team, their experience
Project activity on social networks
And many other
We hope that you like the idea of Hype.Codes ICO ranking and maybe it will help to navigate thru the stormy sea of blockchain-based start-ups.
Learn about the best ICOs of recent weeks in this articles:
Please, share your thoughts on which tokensale of upcoming this week (25.02 - 3.03) is the most interesting for you. In which will you invest your funds in order to receive the largest income? Or maybe you had already invested in one or few crowdsale campaigns, that are represented below?