Altcoins

Photo: ShutterstockAn abbreviation STO stands for Security Token Offering. STOs are similar to ICOs but have some fundamental differences. For instance, security tokens are regulated offering like traditional securities and are subject to the same legal compliance requirements. Their key difference is that a security token records the ownership of the investment product on a blockchain.The interest in STO lists has grown recently as startups and established companies are looking for new...

Photo: Broadridge / LinkedInBroadridge Financial Solutions, a United States-based corporate services company said on Tuesday they are ready to add cryptocurrencies and exchange-traded derivatives capabilities to their offerings. With the acquisition of Shadow Financial Systems, Inc., this service provider that is a famous supplier for public companies that provides them with proxy statements, annual reports and shareholder communications solutions, such as virtual annual meetings – is...

Since its launch on June 18, 2019, Facebook’s Libra project has encountered mixed reactions. Now, four payment companies that had joined the social media giant as founding members of the Libra Association are hesitant. They have developed cold foot over whether to formally sign on to the crypto project. The issue was explained by people familiar with the matter.According to a new Bloomberg report, MasterCard, Visa, Stripe, and PayPal are allegedly stalling at officially joining the...

Photo: ShutterstockWell, if the regulatory scrutiny on Facebook‘s Libra cryptocurrency was not enough, even bankers have jumped in to pull down the Libra project. Recently, the United States Federal Reserve had asked some of the largest banking institutions in the country about their stand on Libra.Responding to it, the bankers have expressed risks posed by Libra like a potential decline in the deposit accounts as well as the banks’ payment volumes. As per the Bloomberg report, the banks...

Chicago based securities rating firm Morningstar has moved ahead of the rest of the securities ratings agencies to begin rating blockchain-based debt securities which are backed by debt assets in the real-world. Being the first time, a rating agency would attempt such a move, the rating firm already has its hands in the cryptocurrency pie as it has been working on building models that provide accurate methods of rating blockchain-based securities.This move is also an indication that the firm...

ADA price started consolidating losses above the $0.0350 support area against the US Dollar.The price is facing a strong resistance near the $0.0400 and $0.0420 levels.There is a key bearish trend line forming with resistance near $0.0420 on the 4-hours chart (data feed via Kraken).The price could either start a decent recovery above $0.0420 or it might decline further below $0.0350.Cardano price is struggling to recover against the US Dollar and bitcoin. ADA price could start a decent...

Photo: Global Currency Organization (GCO) / MediumThe Global Currency Organization (GCO) announced the release of USD Digital (USDD), a new US dollar-backed stablecoin. The stablecoin is based on Ethereum and is targeted at institutions, exchanges, traders, and OTC desk who are in need of such a product but are not able to develop their own. The Global Currency Organization (GCO) is a new project created by former employees of TrustToken, JPMorgan and Intel. According to the GCO team, the...

Out of the multitude of ICO projects, raising money, only a small part actually delivered something that could be called a product. Almost 90% of all ICOs failed. There’s a term in venture capital, “a death valley”, meaning the period from the receiving initial investments to the moment of becoming profitable.Usually, a very small percentage of projects manage to cross the death valley, because every unexpected obstacle can ruin their plans. It happens due to a lack of experience, bad...

In what seems like a first for the global cryptocurrency world, six Japanese cryptocurrency heavyweights have come together to create what is now known as the “Japanese Security Token Association”. The founding members include Monex Inc, Rakuten Securities, Nomura Securities, SBI Securities, Daiwa Securities, and Kabu.com Securities.Headquartered in Tokyo, the new self-regulating organization will work towards seeing that corporate bodies raising finance using the STO model will adhere to...

Facebook has been having a tough battle dealing with regulators and government agencies since the launch of its Libra cryptocurrency. In the recently leaked audio recordings obtained by The Verge, Mark Zuckerberg threatens to take the U.S. government to the courts if the Democratic Party presidential candidate Elizabeth Warren comes to power and tries to break big companies like Facebook into smaller entities.Note that breaking Big Tech is one of the major promises of Elizabeth Warren’s...