Tag : Tokens

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SEC Approval Was Never Needed to List Security Tokens – Coinbase

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Yes, you read that right. Coinbase, the San Francisco based cryptocurrency giant made an announcement that it never needed the approval from the United States Securities and Exchanges Commission for listing security tokens – back pedaling from a previously made statement in which they claimed they had received the approval of the SEC for it.
The 17th of July saw reports surface that the giant of a cryptocurrency exchange had received approvals from the Securities and Exchanges Commission and the Financial Industry Regulatory Authority for acquiring Keystone Capital Corporation, Digital Wealth LLC and Venovate Marketplace Incorporated. It was after acquiring these three firms that helped Coinbase secure an Alternative Trading System license, a license for broker-dealer and the license to be known as a registered investment advisor.
Having made the announcement, the San Francisco based cryptocurrency exchange giant back pedaled on its statement just after two days. The 19th of July saw reports coming out that the spokesperson of Coinbase said no such approvals were given by the Securities and Exchanges Commission – it was never even needed for them to acquire those companies.
She went on to say that the discussions Coinbase had with Keystone were made on an informal basis without the involvement of the SEC in any form or manner. The acquisition deal did not see any oversight from the regulatory authority. At the same time, TechCrunch reported that Coinbase has confirmed it received approval from the Financial Industry Regulatory Authority for the acquisition – essentially disregarding the announcement made previously. This is a clear sign of blatant miscommunication within the cryptocurrency exchange giant.
Things between the Securities and Exchanges Commission and the cryptocurrency world have historically been “salty” with the authority having cracked down on a lot of cryptocurrency related businesses in the past from exchanges to wallet providing services.
The July of this year has been quite an active time for Coinbase. It has made a number of announcements and the developments being made by the cryptocurrency exchange giant are making quite a few waves in the cryptocurrency community at a macro level.
One of those announcements is the teasing being done by Coinbase that it might just add a few more tokens to the exchange from the likes of Stellar Lumens, Zcash, 0x, Basic Attention Token and Cardano within its list. Of course, there are regulatory concerns to be sorted out before adding them. After all, the cryptocurrency exchange follows legal protocols stringently and cautiously. It remains to be seen what comes of it.

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Dispute Management to be Brought to Blockchain by JUR

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The last two decades have seen technology advance significantly. From being something that was a fascinating thing that only the elite had access to, technology has become an omnipresent part of our lives as it has become more and more affordable. Reliable internet connections, social media and smartphones have transformed the way in which we interact with each other and the world around us.
At the same time, there is an effect that decentralized economy is making on the world. It is changing the expectations we have when it comes to technology. Just as the internet really picked up the pace surprisingly in the 90s to grow to becoming something of a phenomenon, the advent of decentralized economy is seeing the same. It is producing new platforms, disrupting the way in which things have been happening and effectively reorienting the relationship we have with technology.
Dispute Resolution in Blockchain Era by JUR
JUR is a dispute resolution platform which has taken form in the era of blockchain technology. It implements the disruptive new technology behind the decentralized economy and game theory in order to create a sense of trust between corresponding parties which operate in this new digital landscape. The prospect of utilizing digital tokens allows JUR to offer users a verified payment structure along with dispute management through decentralized means.
Up until now, the digital age has been missing the key aspect of conclusive and fair conflict resolution. JUR is going to provide that crucial component to the blockchain era by implementing the services it provides in a secure yet simple manner. A conflict free digital economic system will then be able to properly flourish.
Decentralized Management of Disputes
The current manner of adjudication happens to be inconvenient most of the time and unreliable in many cases as well. The prospect of decentralized dispute management will resolve disputes within the space of 24 hours and that too without the exorbitant costs that come along with traditional methods of dispute management.
If there is a dispute, a user will open it and arbiters will utilize the JUR tokens to vote for the winning party based on the facts and figures of the dispute. The smart contracts on the blockchain will be used to transfer the funds to the winning party’s account based on the consensus that the arbiters will reach.
With billions of cryptocurrency transactions taking place every month, JUR presents a unique way to eliminate counterparty risks while using cryptocurrencies. The need for accountability and dispute management has been a long time coming for the new decentralized economic system brought upon by the advent of the blockchain era. With the likes of JUR at work, the new economic system will become more trustworthy and usable for people throughout the world for a truly fair global economic system.