Malta Joins Cross-Border Forces to Launch ETO
Malta — the first European state with legal certainty for cryptocurrencies keeps its lead in implementing crypto innovations as a German firm Neufund announced its new partnership with a Malta-based Crypto Exchange Bitbay. Their aim is to make sure that investors can trade with fiat currencies on Equity Tokens. Trading in fiat currencies on ETO’s will increase liquidity, while ETO market cap will reach $1 trillion by 2020 according to the CapLinked research. This project is a one more milestone for Malta in becoming a blockchain island attracting more investors and cryptocurrency oriented companies. Originally Polish- BitBay, which titles itself as a leading European crypto exchange, offers tradable fiat pairs with Polish Zloty, Euro and the U.S. Dollar, has recently changed its base to Malta.
WHAT IS AN ETO?
Equity Token Offering is a new fundraising system, which makes it possible for companies to issue Equity Tokens on Blockchain. Equity Tokens ensure important equity-like rights for the investors and the issuers. In legal terms, Neufund’s Equity Tokens are securities categorized as Investment Assets. The offering is governed by German Banking System and its regulations.
Crypto in U.S. Politics, Yes or No?
North Carolina has forbidden politicians to accept cryptocurrency as donations to their political campaigns. Despite the fact that the Federal Election Commission authorized the candidates to accept donations in bitcoins as far back as 2014, US government funding agencies can establish their own rules for candidates.
WHY IS IT IMPORTANT?
1. Crypto became the mainstream topic of debate among politicians. The recognition of cryptocurrencies at such level could help in the future for its wide adoption.
2. The anonymity of cryptocurrency as an instrument of donations is still preventing the regulators from mass acceptance. However, candidates are trying to solve this problem.
Critical Vulnerabilities Discovered in Telegram Passport
Virgil Security, a startup that provides cybersecurity, revealed several vulnerabilities in the recently introduced Telegram Passport. Based on the results of the research, experts are skeptical about the security features of the Telegram Open Network.
WHY IS IT IMPORTANT?
1. Telegram has proved itself as an instant messenger that refuses to transmit data about its users to the authorities. “Freedom and privacy”- are the two main values the company is standing for. This is why Telegram is still blocked by the Russian government for failure to cooperate. Earlier it was blocked in Iran, China, Saudi Arabia, Afghanistan and Indonesia.
2. Users all around the world trust Pavel Durov’s development, as evidenced by prematurely closedICO.
3. Telegram passport was specifically designed to securely store personal documents and verify user’s identity. Its vulnerability will be a feast for hackers.
Bitcoin-Only ETF Could Come Soon
The CEO of a financial asset management firm Crescent Crypto Ali Hassan believes that in the next 18 months we will see a Bitcoin-only Exchange-traded fund (ETF). He also commented on the rejection of Winklevoss’ ETF by SEC, saying that the regulator is trying to make sure that investors are on the safe side.
WHY IS IT IMPORTANT?
1. Cryptocurrency adoption does not depend only on Bitcoin-ETF, even though experts are predicting to see Bitcoin only ETF in the next 18 month, investors have other options due to the other products on the market.
2. However, some investors think that with the adoption of Bitcoin-ETF's, the price of the first crypto will skyrocket to the moon.
Bitcoin Roller Coaster: From Up to Down
The price of bitcoin continued the decline that began on Monday and dropped on a number of exchanges below $7,500. In general, bearish sentiment prevailed in the market over the past 24 hours. The vast majority of altcoins are in the deep red zone.
WHY IS IT IMPORTANT?
1. Bart Smith's opinion is supported by several well-known experts of crypto market.They believe that now the market is correcting the Bitcoin rate, after it was able to grow by more than $2,600.
2. Experts also suggest that the first cryptocurrency may fall in price, but then grow again.
At 20:00 (GMT+1) total cryptocurrency market capitalization stands at $266,2 billion
KickCoin (+7,40%) showed the best growth in the top-100
Market Dynamics
The trading volume of cryptocurrencies for 24 hours reached $13,4 (-0,4 billion per day)
Mining Profitability
- BTC $3,4 for 10 TH/s
- ETH $0,2 for 10 MH/s
- BCH $0,31 for 1 TH/s
- LTC $4,1 for 1 GH/s
- DASH $0,12 for 1 GH/s
Ongoing ICOs:
Expected ICOs: