Bitcoin Bubble Debate Escalates as Traditionalists Clash with Bullish Believers

Bitcoin Bubble Debate Escalates as Traditionalists Clash with Bullish Believers

admin Bitcoin Cash, CoinGreed, Cryptocurrency, Gold, Hard Fork, ICO's 0 Comments

A fresh growth spurt for Bitcoin has seen traditional investors once again surface to comment that the digital currency bubble is on the verge of bursting. But those involved are bullish and optimistic that the real growth has not even begun yet. It is not only the growth of Bitcoin, which has been unprecedented this year alone but the birth of altcoins and the ease in which money is seemingly created from nothing through ICOs. Bitcoin’s fork, and the creating of Bitcoin Cash is another ‘bubble-warning,’ apparently. A year of growth Bitcoin, and cryptocurrencies in general, have staggered many with the way in which they have grown in 2017 alone. A new high of $3,500 was achieved earlier this month when Bitcoin succeeded beyond its Aug. 1 ‘Independance day.’ This growth has also seen a host of other altcoins and their value dragged up with the original cryptocurrency. These altcoins have come from the creation of highly popular ICOs, which have seen record falls almost weekly as one outdoes another. At the start of 2017, the total value – or market cap – of all cryptocurrencies in existence was about $17.5 bln, with Bitcoin making up almost 90 percent of that, according to CoinMarketCap. It is now around …

Despite the FUD, SEC-Compliant ICOs are Just Around The Corner

Despite the FUD, SEC-Compliant ICOs are Just Around The Corner

admin Bitcoin Cash, Hard Fork, ICO's, SEC 0 Comments

Summary: The cryptocurrency space had an eventful July. Not only did the Bitcoin network prepare for the Bitcoin Cash hard fork, but the SEC also released a scathing report on ICO token sales. Given the uncertainty that lies ahead for ICOs, legal experts and compliance firms are quickly gearing up to protect both investors and creators of ICOs. Cointelegraph keeps you up to date with the latest and most important regulatory news in digital currencies. Thin red line Potential ICO investors and those planning token sales were rocked earlier this month when the SEC issued a report on July 25. The SEC report offered a scathing indictment of ICOs, ruling that the vast majority of “initial coin offerings” were actually securities offerings dressed up under a thin veil. We at Cointelegraph are in touch with some of the leading legal experts in the digital currency space, but there are not yet any clear guidelines for what the SEC might require in the future. Many planned are ICOs are still going ahead, but some are considering excluding US residents. This is not an ideal solution, however, as it seriously limits the amount of capital that such offerings might raise. Ultimately, compliance costs are going …