Israeli Official Urges Regulators to be More ‘Paternalistic’ Regarding ICO’s and Bitcoin
https://news.bitcoin.com/israeli-official-concerned-about-challenges-with-regulating-icos-and-bitcoin/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications
- Jul. 11, 2017
Israeli Official Urges Regulators to be More ‘Paternalistic’ Regarding ICO’s and Bitcoin
An Israeli official gave a talk in Tel Aviv today regarding the challenges with regulating ICO’s and bitcoin. Professor Shmuel Hauser, Head of the Israeli Securities Authority, expressed fear and concern about cryptocurrencies. He seemed to see digital tokens as representing a threat, and he urged regulators to be more “paternalistic” in their oversight of ICO’s.
Investors Cannot Look After Themselves and do Not Understand Cryptocurrencies
Hauser elaborated on his position, saying, “We have to address today what is happening with bitcoin, blockchain and ICOs that are challenging the current regulation around the world. It is here at the gates of the stock exchange. It is a new economy where the companies have no faces, and the investors have no faces. Our task is to get ready now in a proactive fashion before an event will occur that will hurt Israeli investors.”
In this sense, it appears Hauser is attempting to alert regulators of the world to prepare for more digital currencies and ICO’s to spread. Hauser suggested many people invest in digital currencies and they do not understand them. He implied they need government protection, because 67% of people cannot look after themselves. Overall, 60% of the public have been exposed to digital investment opportunities.
Does the World Need Regulators?
Hauser mentioned bitcoin is not a passing fad. It is here to stay. Regulators have to be prepared. He said the SEC recently rejected a bitcoin ETF. He said this because regulators do not yet comprehend cryptocurrency. They do not know how to go about creating a regulatory framework. He also mentioned there are already IPO’s without a prospectus.
Gentlemen, this is not a passing phenomenon. It is here at the gates of the capital market. It is here at the gates of the stock exchange. Is it a widespread phenomenon, is it a phenomenon that requires the protection of the state? Regulators? In this new economy, there are no faces for investors and there are no faces for companies.
He finished his thought by asking one important question: does the world even need regulators anymore?
How Should Regulators Handle ICO’s?
Hauser answered his own question by bringing up the topic of ICO’s and how they should be regulated. Currently, he said ICO’s are funds that are generated via the creation of blockchain, bitcoin, and similar cryptocurrencies, and they ignore the current supervisory system. In other words, there is no oversight or protection for investors or speculators.
Hauser then detailed all the different ICO’s and the kind of revenue they have generated, saying, “Israeli Bancor, which raised $153 million in three hours for a conversion protocol; Gnosis, which raised $12.5 million in ten minutes for building a perform for predicting events; Brave, which raised $35 million in 24 seconds for developing a browser; Aragon, which raised $25 million in 15 minutes for decentralizing companies; and more”
He asked what these new tokens should be considered for regulatory purposes. He started thinking out loud. They are not like business IPO’s. Investors do not actually gain ownership in the company. Nor did the startup undergo any kind of organizational process or submit a prospectus to a regulatory agency. The ICO simply generates new tokens and people invest in it because it could harbor value in the future. Hauser admitted these new digital assets are not like a stocks or bonds. They are a different animal entirely. In his final analysis, Hauser said cryptocurrencies in an ICO are closer to an IPO in some regards, and he believes that is a starting point to begin thinking about outlining some regulations.
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MCAP Labs- A serious step towards standardization of cryptocurrency world
http://www.newsbtc.com/2017/07/10/mcap-labs-serious-step-towards-standardization-cryptocurrency-world/
- 10/07/2017
MCAP Labs- A serious step towards standardization of cryptocurrency world
The last few years have witnessed a paradigm shift with the advent of ICOs, funding technology-driven blockchain startups. Their decentralized model of self-financing through community participation has benefitted both the investors and the owners. However, over the past couple of months, we have observed that the absence of any standard process regarding a crowdsale has led to an increase in distrust among the Blockchain community. This distrust sometimes hurts otherwise brilliantly developed ideas and they face difficulty in garnering the required crowdsale response, thereby leading to their shutdown. Our last few months monitoring of cryptocurrency market at MCAP Labs involved tracking the potential flaws capable of barring an investor or an ICO from further advancement in this field. Further, we conclude that there is an urgent need to promote and develop cryptocurrency mining research and thereby have launched some essential services like ICO evaluation service and ICO investment service which is the need of the market.
MCAP Labs’ key focus areas are:
- Cryptocurrency Mining Research
- ICO Evaluation services
- ICO Investment services
Let’s have a look at them one by one:
Cryptocurrency Mining Research
Cryptocurrency mining is the issuance of new tokens and incentivizing the miners participating in this act to safeguard the fundamentals of this decentralised peer to peer network of digital currency.
- What is infuriating the miners?
Today miners are at the behest of monopolies like Bitmain and Bitfury. Miners are compelled to purchase surplus equipment and forced to share details of their undergoing activities in bitcoin market. Also, they are being tricked to join pool mining clubs run by companies, like Antpool run by Bitmain, as it incentivises the miners an extra 3 to 8 percent as compared to others.
- How MCAP Labs will improve mining capabilities?
MCAP Labs feels that a mining market monopoly stifles the fundamentals of bitcoin’s open-source and decentralized nature. Further, it has been observed that few miners are incurring more expenditure than revenue in this mining activity due to lack of knowledge regarding the hardware equipment, hashing rate and which altcoin mining is profitable in the current scenario.
In order to address these prevailing constraints, MCAP Labs has devised a “two-way research methodology”. Our methodology will focus on:
- Hardware Research
- Algorithm Research
to arrive at pragmatic conclusions as to what hardware is best suited to mine a particular cryptocurrency. This will unlock avenues for miners to earn huge returns on mining.
ICO Evaluation Platform
ICO’s are experiencing a boom and garnering great responses from this entrepreneurially driven investor community. This new fundraising phenomenon is often fox-eyed by some malintent actors which have inhabited this novel land of ICOs. This has rendered the potential investor skeptical towards this booming industry.
- Why this platform?
To prevent cryptocurrency market from faltering or hampering we at MCAP Lab profess the need for standardization of ICOs on certain parameters. Also, these stream of raging ICOs further needs some quality assessment before entering the crowdfunding platform.
- How MCAP Lab evaluates your ICO?
The goal of MCAP Labs team is to develop clear assessment standards for blockchain start-ups and evaluate based on a transparent and standardized scale. Our team of experts will undergo a comprehensive evaluation of an ICO against Key Performance Indicators (KPI’s). This is achieved by a special test known as KPI test. Here is the list of few prominent parameters taken into consideration:
- Whitepaper- What does it specify and leave out?
- Business plans, Market potential, and Visibility:
- Media Coverage – Positive or negative.
- Cryptocurrency Social Proof: Investor’s/user’s response to the project?
- Development and technical team backing this venture
- Valuation, Market price, and Exchanges
- Cryptocurrency Economics
MCAP Labs qualitative analysis will ensure that investors’ hard-earned money is safe and producing wealth.
ICO Investment
The existence of hundreds of cryptocurrencies in the market has fazed an individual to track and monitor the fluctuations in the market 24*7 and take investment decisions. This is preventing the investors from diving into the market enthusiastically.
- How can we help you make smart investments in cryptocurrency?
MCAP Labs is driven by its mission to promote investment opportunities, enabling a person with little or no know-how of cryptocurrency market to reap profits by trading in this crypto-market.
At MCAP Labs we possess a team which has expertise in Fintech, blockchain technology, and legal advice. Our unique algorithm determines which AltCoin mining is profitable for a miner in the current scenario. This decision is made on the following parameters:
- Hash difficulty rate
- Trading volume
- Profit prediction
- What are all cryptocurrencies in our portfolio?
Our cryptocurrency investment portfolio will target digital currencies with superior potentials. Ethereum and Bitcoin form a major chunk of our investor’s portfolio apart from other altcoins like Steem, Ripple, Golem, and Litecoin. Our investment will ensure minimum volatility so that our user’s investment is not at risk.
We believe that our considerable expertise in the field of cryptocurrency mining research, ICO Evaluation services and ICO Investment will give rise to an exponential growth in returns from the investment of our esteemed clients.
Our last few months monitoring of cryptocurrency market at MCAP Labs involved tracking the potential flaws capable of barring an investor or an ICO from further advancement in this field. Further, we conclude that there is an urgent need to promote and develop cryptocurrency mining research and thereby have launched some essential services like ICO evaluation service and ICO investment service which is the need of the market.
MCAP Labs’ key focus areas are:
- Cryptocurrency Mining Research
- ICO Evaluation services
- ICO Investment services
Let’s have a look at them one by one:
Cryptocurrency Mining Research
Cryptocurrency mining is the issuance of new tokens and incentivizing the miners participating in this act to safeguard the fundamentals of this decentralised peer to peer network of digital currency.
- What is infuriating the miners?
Today miners are at the behest of monopolies like Bitmain and Bitfury. Miners are compelled to purchase surplus equipment and forced to share details of their undergoing activities in bitcoin market. Also, they are being tricked to join pool mining clubs run by companies, like Antpool run by Bitmain, as it incentivises the miners an extra 3 to 8 percent as compared to others.
- How MCAP Labs will improve mining capabilities?
MCAP Labs feels that a mining market monopoly stifles the fundamentals of bitcoin’s open-source and decentralized nature. Further, it has been observed that few miners are incurring more expenditure than revenue in this mining activity due to lack of knowledge regarding the hardware equipment, hashing rate and which altcoin mining is profitable in the current scenario.
In order to address these prevailing constraints, MCAP Labs has devised a “two-way research methodology”. Our methodology will focus on:
- Hardware Research
- Algorithm Research
to arrive at pragmatic conclusions as to what hardware is best suited to mine a particular cryptocurrency. This will unlock avenues for miners to earn huge returns on mining.
ICO Evaluation Platform
ICO’s are experiencing a boom and garnering great responses from this entrepreneurially driven investor community. This new fundraising phenomenon is often fox-eyed by some malintent actors which have inhabited this novel land of ICOs. This has rendered the potential investor skeptical towards this booming industry.
- Why this platform?
To prevent cryptocurrency market from faltering or hampering we at MCAP Lab profess the need for standardization of ICOs on certain parameters. Also, these stream of raging ICOs further needs some quality assessment before entering the crowdfunding platform.
- How MCAP Lab evaluates your ICO?
The goal of MCAP Labs team is to develop clear assessment standards for blockchain start-ups and evaluate based on a transparent and standardized scale. Our team of experts will undergo a comprehensive evaluation of an ICO against Key Performance Indicators (KPI’s). This is achieved by a special test known as KPI test. Here is the list of few prominent parameters taken into consideration:
- Whitepaper- What does it specify and leave out?
- Business plans, Market potential, and Visibility:
- Media Coverage – Positive or negative.
- Cryptocurrency Social Proof: Investor’s/user’s response to the project?
- Development and technical team backing this venture
- Valuation, Market price, and Exchanges
- Cryptocurrency Economics
MCAP Labs qualitative analysis will ensure that investors’ hard-earned money is safe and producing wealth.
ICO Investment
The existence of hundreds of cryptocurrencies in the market has fazed an individual to track and monitor the fluctuations in the market 24*7 and take investment decisions. This is preventing the investors from diving into the market enthusiastically.
- How can we help you make smart investments in cryptocurrency?
MCAP Labs is driven by its mission to promote investment opportunities, enabling a person with little or no know-how of cryptocurrency market to reap profits by trading in this crypto-market.
At MCAP Labs we possess a team which has expertise in Fintech, blockchain technology, and legal advice. Our unique algorithm determines which AltCoin mining is profitable for a miner in the current scenario. This decision is made on the following parameters:
- Hash difficulty rate
- Trading volume
- Profit prediction
- What are all cryptocurrencies in our portfolio?
Our cryptocurrency investment portfolio will target digital currencies with superior potentials. Ethereum and Bitcoin form a major chunk of our investor’s portfolio apart from other altcoins like Steem, Ripple, Golem, and Litecoin. Our investment will ensure minimum volatility so that our user’s investment is not at risk.
We believe that our considerable expertise in the field of cryptocurrency mining research, ICO Evaluation services and ICO Investment will give rise to an exponential growth in returns from the investment of our esteemed clients.
http://www.newsbtc.com/2017/07/10/mcap-labs-serious-step-towards-standardization-cryptocurrency-world/
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Ethereum, Bitcoin Prices Skid as Crypto Market Cap Reaches Monthly Low
https://www.cryptocoinsnews.com/ethereum-bitcoin-prices-skid-crypto-market-cap-reaches-monthly-low/
- 10/07/2017
Ethereum, Bitcoin Prices Skid as Crypto Market Cap Reaches Monthly Low
The crypto markets continued to bleed on Monday, as the total value of all cryptocurrencies dipped below $90 billion. Leading the retreat were bitcoin and ethereum, whose prices both fell by at least 4.5%. Altcoins, as usual, were hit even harder, causing 10 of the top 15 coins to post weekly declines of at least 10%.
Chart from CoinMarketCap
The markets had spent the past few weeks attempting to stay above the $100 billion threshold, but even that number now appears out of sight. At $87.9 billion, the current total crypto market cap has reached a monthly low. It is also the first time in July the total market cap has dropped below $90 billion.
Chart from CoinMarketCap
Bitcoin Price Stumbles
Despite a slight decline, the bitcoin price had remained relatively stable for the past week. That changed on Sunday when the bitcoin price briefly increased to $2,635. However, bitcoin’s momentum abruptly reversed course, dropping 4.6% to $2,437 on Monday. Bitcoin’s market cap is now just a hair over $40 billion.
Chart from CoinMarketCap
Ethereum’s Downward Spiral Continues
The ethereum price’s downward trend continued on Monday, as the ether token tumbled another 8% to $224. In the past week, the ethereum price has fallen by an astonishing 22%.
Ethereum has also seen a pronounced drop in trading volume. At $581 million, ethereum’s 24-hour trading volume is now only 76% as large as bitcoin’s. This is a significant change from last month’s bull run, when ethereum consistently topped bitcoin volume. This also marks a nearly 50% decline in ethereum volume since last Monday.
Chart from CoinMarketCap
Nevertheless, ethereum investors should not panic. Last week, a prominent U.S. banker told Business Insider he believes the Ethereum blockchain is superior to Bitcoin’s.
Additionally, Vitalik Buterin recently addressed criticisms of Ethereum, conceding–among other things–that its “scalability sucks.” There is a temptation to circle the wagons when the market is no longer moving in your favor, so his willingness to recognize and frankly discuss these issues in public should help reassure investors that ethereum’s long-term outlook is positive.
Altcoin Markets a Dismal Sight
The downturn continued to erode altcoin market caps. The Ripple price saw an uncharacteristic 8% decline, falling to $0.218. Ripple’s market cap is now just $8.4 billion. Litecoin fell almost 6% to $47.54. Ethereum Classic dropped 3%–and 10% for the week–to $16. The NEM price fell nearly 9% to $0.14. The IOTA price fell 16% to $0.254; its weekly decline is 32%. Monero, which recently climbed to the 9th-place spot, declined 8% to about $42. Of the top 15 coins, only Dash and BitConnect have managed to avoid weekly declines.
Chart from CoinMarketCap
The downturn hit no major coin harder than EOS. The EOS price fell another 13% on Monday, bringing its weekly decline to 51%. At present, the EOS price is $2.08.
Chart from CoinMarketCap
Bitcoin Dominates Market Share
Ethereum’s price skid has pushed the Flippening further and further out of sight. In just the past week, Bitcoin increased its share of the market by more than 4% to 45.8%. Ethereum, on the other hand, experienced a decrease of almost 3% to 23.7%.
Chart from CoinMarketCap
If this trend continues for even another day, bitcoin could boast a market share more than double the size of ethereum’s.
