News Mar 14, 2019

The most important news of the cryptoindustry

Bittrex is launching Binance Launchpad prototype

Bittrex International is launching its own platform for initial exchange offering (IEO). The first IEO in the platform will be held on March 15. RAID project with XRD token will become the pioneer of the platform. Hardcup of token sale is 17 billion XRD (17% of general tokens offer), which is about 6 million. Token price is fixed and is about 0.00000010 BTC.


Barclays: own cryptocurrency may deliver Facebook up to 19 billion

Ross Sandler, the analyst of a financial conglomerate, claims that stable coin of Facebook may generate millions of additional revenue in the mid-run. Sandler counted from 3 to 19 billion dollars of revenue till 2021. He noted, that this forecast depends on how Facebook Coin proves its efficiency in micropayments for digital content. The main issue for Facebook, in his opinion, is to demonstrate competitive advantages among present possibilities in the payment area.


Cryptocurrency market is ready to change the trend

Over the past 2-3 days, there have been no fundamental changes in the cryptocurrency market. In a nutshell, the general mood of the market is moderately optimistic. According to CoinMarketCap, all 12 cryptocurrencies with a capitalization of more than $1 billion show an increase in the last 24 hours. Stellar (XLM), Binance Coin (BNB) and Litecoin (LTC) are growth leaders,adding from 5% to 6%.

At the same time, buyers’ activity is still very weak, although there are no active sellers either.


SEC Chief Confirms Analysis That Ethereum isn’t a Security

Jay Clayton, the chairman of the US Securities and Exchange Commission (SEC), questions the feasibility of applying securities law to Ethereum. Discussing Ethereum and securities, Clayton mentioned Bitcoin, which, in his opinion, is also not security.

At the same time, the SEC notes that a digital asset (including a cryptocurrency) can function as security. It is worth noting that the status of security is not static for cryptocurrencies. The SEC notes that a cryptocurrency can be sold as security immediately after issuance, considering as an investment contract. However, after a while, the digital asset may be sold or offered to other users, not as an investment object.


Women See Crypto as Tool for Financial Empowerment

More than 6,000 women were asked about their stance on the current financial system. 93 percent of college-educated women believe that technology will influence finance. With crypto, you don’t need to interact with a third party in order to get access to financial services — it only takes a smartphone with an Internet connection to gain financial independence. Despite the advantages of cryptocurrencies, very few women are currently involved in the cryptocurrency space, which is dominated by millennial men.

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