Lawyer Downplays Effects Of SEC’s Recent ICO Ruling

Stephen Palley, an Anderson Kill Law Firm Partner has recently shared his insight in SEC’s recent heavy-handed verdict on two concluded ICOs.

He states that the SEC is not in the business of sending foreboding messages.

He believes that the agency is just doing its mandate by implementing the securities laws.

Its unfavorable and widely unpopular decision to sanction and penalize the guilty parties is just part of this job to uphold the law.

Airfox and Paragon has recently been penalized $250,000 in fines and is ordered to refund its investors affected by its illegal sale of securities.

Many have attributed this recent crackdown as the primary reason for the market to shred more than $40 Billion of total market cap.

However, Pally pointed out that the ICO model is far from dead or at least outside of the U.S.

The lawyer also shared that he would not be writing out Bitcoin or Ethereum any time soon as the technology behind it is revolutionary despite current market trends.

He believes that it will survive prevalent market sentiments and for the long term is something worth looking into.

Bakkt Futures To Launch Launch Next Year

In a recent announcement the Intercontinental Exchange (ICE), the owner of the New York Stock Exchange has delayed the launch of its much-anticipated Bitcoin futures product via its subsidiary Bakkt until Januaty 24, 2019.

The said product was supposed to launch late this year on December 12, 2018.

According to their announcement it would give them more time to onboard more customers as well as warehousing the new contract.

The Bitcoin futures of Bakkt is unique compared to existing Bitcoin futures contracts of CME and CBOE which are both cash settled.

The contracts of Bakkt are physically-settled which means there is actual Bitcoins exchange hands when the contracts expire.

The opening of such a product would be a first opportunity for US investors to trade a physically-settled crypto futures product on a respected, regulated mainstream exchange.

Many pundits has been eagerly waiting for the entry of such a bit player into crypto space and have been speculating that it would be a major catalyze to start another bull run similar or even bigger magnitude of last year.

However with this delay the crypto community would need to look for another catalyst elsewhere.

Binance Invested In Little Known San Francisco-Based OTC Trading Desk

Binance, one of the world’s largest and most successful cryptocurrency in the word, has recently announced it invested on San Franciso-based over-the-counter (OTC) crypto trading desk, Koi Trading.

According to Binance Lab announcement it has invested $3 million into the said trading desk which aims to be a compliant global option for private cryptocurrency liquidity.

The company also offers data science, quantitative research and compliance consulting work.

Ella Zhang, the head of Binance Labs states that Koi Trading mission of bridging fiat and cryptocurrencies in a compliant manner aligns with Binance’s vision of building the infrastructure which provides the freedom of value exchange globally.

Koi Trading CEO, Hao Chen, states that his team of experienced traders and sales personnel will tap into vast networks of counterparties in North America, Asia and Europe.

With this partnership, Binance hopes it will be able to help rectify OTC trading difficulties globally by giving clients better options especially those who have no other option but use OTC services due to regulatory restrictions.

It has been reported in the past that OTC market is as big as the current market capitalization being reported by Data aggregator sites like Coinmarketcap.com.

International Blockchain And Cryptocurrency Summit In North Korea

The hermit country of North Korea seems to be opening its doors to foreigners who wants to attend its international Blockchain and Cryptocurrency Summit which will be held in Pyongyang.

The eight day event will feature talks, lectures and group tours to several places in North Korea which includes a beer factory.

The fee for the said conference is about 3,300 EUROS per person which includes airline tickets, accommodations, transportation and food.

It will be held on April 18, 2019 and will end on April 25, 2019.

Journalists or any mass printed propaganda in print of digital form that is against the dignity of the republic are not allowed.

People coming from South Korea, Japan and Israel are not allowed as well.

niTROn Innovation Summit Will Feature NBA Legend Kobe Braynt

One of the biggest name in NBA and Basketball history is Kobe Bryant. He is well known for his prowess in the basketball court.

However unknown to many, this NBA legend has a superb sense of business acumen and is described as an investment genius.

According to a press release Kobe Bryant’s fund Bryant Stibel has invested in 15 business which brought in 30 times return in only 4.5 years.

The summit will be held in San Francisco on January 17, 2017 where Kobe is expected to be a special guest and speaker.

The blockchain event is meant to bring together industry leaders to explore solutions built on TRON.

It is interesting to know what the basketball player superstar will be able to bring on the table in terms of investments and blockchain advancement.

However, whatever it is everyone would agree that it is an excellent PR move by TRON to bring in Kobe as basketball and NBA is huge in China.

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