While there are many cryptocurrencies available today for use and for investment, I believe that there are five that fall into a class of their own, based on market cap, increases in value in recent years, mass-market acceptance, and other factors. Please note that this list, as well as my list of new, lesser-known cryptocurrencies to check out, is subjective – it represents my opinion, and is not the result of any formal calculations or studies.
Securities regulators seek Google ad ban on cryptocurrencies, initial coin offerings – The Globe and Mail
Another blow for the crypto-traders: A sizable number of banks are not allowing their customers to use their credit cards to buy cryptocurrencies. This had been triggered over the weekend when U.S. banks Bank Of America, Citigroup, JP Morgan, Capital One and Discover banned their customers from purchasing cryptocurrencies. But take this declaration with a pinch of salt. Could there be something bigger coming? We know that JP Morgan, Berkshire Hathaway and Amazon teamed up to form an independent health care company. Nothing can be factored out, but let’s stay with the subject on hand.
“We look at Ethereum like AOL or Myspace.” That’s how Mobius Network co-founder and CEO David Gobaud explains why his startup ran its initial coin offering (ICO) on the Stellar network instead of Ethereum, the most popular blockchain for token sales. The comment underscores the growing interest in some corners of the crypto community for faster and cheaper payment rails as Ethereum, like bitcoin, struggles to scale.
“Just read those paragraphs and ask yourself: Does this all sound legit? How confident would you be that Munchee would deliver 199% GAINS at its initial coin offering, or return $94,000 on a $1,000 investment?”
On November 1, 2017, Munchee stopped selling MUN tokens hours after being contacted by Commission staff. Munchee had not delivered any tokens to purchasers, and the company promptly returned to purchasers the proceeds that it had received.
This is certainly a new twist on the increasing regulatory oversight of the SEC on ICOs.
StartEngine To Host ICOs That Are Compliant With the US Securities and Commissions (SEC) Regulations
StartEngine has decided to take ICOs into a whole new level. Being a US regulated crowdfunding business and a Regulation A+ platform, StartEngine will be the first crowdfunding platform to introduce ICOs, to the mainstream economy, as a modern vehicle for crowdfunding. Today, StartEngine published a press release that announced that the company will start accepting ICOs .