This week, America’s first blockchain-based stock exchange obtained regulatory approval from the Securities and Exchange. In a the SEC uploaded to its website on late Thursday evening, it said the (BSTX) could use the nascent technology to offer faster trade settlements. Compared to a traditional exchange where it typically takes two days to settle a trade, BSTX will offer same-day and next-day settlements. It will also use a private blockchain to offer a market feed that will allow members to see their own trades, as well as that of others, on an anonymous basis.
Hey, remember initial coin offerings, the almost totally unregulated form of investment vehicle in which investors trade real cash or assets in exchange for virtual “tokens” in cryptocurrency-backed startups? You know, that hot new crypto market that the Wolf of Wall Street, Jordan Belfort, warned everyone was rife with scams? Those very ICOs that the Securities and Exchange Commission told everyone to be very careful about because of the “greater opportunities for fraud and manipulation”? Continue reading Wow, Who Could Have Predicted 59 Percent of 2017’s ICOs Are Already Dead or Doomed
“Blockchain” is undeniably one of the hottest words on the internet. As proof, turn to Google Trends to see its traction over time. Couple that with the articles being published almost daily about this technology, the LinkedIn groups discussing it, the commentators crawling out of the woodwork — including me!
WHEN RUMORS SURFACED early last month that Australian cryptographer Craig Wright would attempt to prove that he created Bitcoin, Gavin Andresen remained skeptical. As the chief scientist of the Bitcoin Foundation, his opinion counts: Andresen is among the earliest programmers for the cryptocurrency, and likely the one who has corresponded more than anyone with Satoshi Nakamoto, Bitcoin’s pseudonymous, long-lost inventor.