- background
once again struck down by the community
An average post emerged today explaining in detail why
Substratum, a cryptocurrency project that seeks to be at the forefront of a future
decentralized world, is in fact a security and should be treated as such.
The passionate blockchain and the student William McKenzie have taken a plunge into the world
matter with this post and found more than enough evidence to suggest that much
the malignant cryptocurrency deserves to be on the radar of the SEC.
The writer presents his case on why he feels that Substratum is a
security in several paragraphs of pong, coming to the following conclusions:
- The substrate passes all 4 points of Howey's test
and therefore can be considered a security subject to US securities laws - The explanation of Substratum for US participation
in their ICO it should not have been enough to allow them to circumvent the SEC rulings on the matter
titles. - The substrate potentially has millions of
unrecorded funds. - Substrate more than likely committed titles
fraud by advertising false current / past Substratum clients, with their CEO
give price forecasts, tweet more than 40 cases of pumping your token,
and even openly admitting to being a pump and a dump truck.
You can take a look at its in-depth deconstruction of Substratum
security status here.
- DX.Exchange
to go live, several popular cryptocurrencies negotiable from day one
A new commercial player is about to reach the encrypted markets
his name is DX.Exchange. This exchange is marketed as the first complete
Crypto community that allows institutions and individuals to buy
cryptocurrency with Fiat, exchange cryptocurrencies and convert crypto into
Fiat. The project saw a sporadic exposure in the cryptographic media and it has been recently
presented in Bloomberg, in advance of 7 Januaryth to launch.
The fintech company based in Estonia has collaborated with
Nasdaq will become the first non-CFD encryption exchange it offers
tokenised share of blockchain securities / securities trading.
"Digital stocks are
supported 1: 1 for real-world securities traded on conventional exchanges. you
buy tokens for the main activities on which you choose to invest, such as
Google, Amazon, etc. Therefore, when you hold a token, you own shares of
l & # 39; Company, " the exchange explains its business model. The exchange is
built on the Ethereum blockchain that will allow the virtual
stocks to get tokenized via smart contracts. It is expected to see a number of
smaller investors flock to this new platform and start trading
the shares of various companies listed on the Nasdaq. Daniel Skowronski, DX exchange
CEO, confirms this sentiment:
"With the decomposition of stocks
of some of the largest publicly traded companies like Google, Amazon, Facebook
and much more, DX is opening up an unexpressed market of millions of old and new merchants
around the world cutting the intermediary. "
DX Exchange will use Nasdaq's financial information
Exchange protocol (FIX). Furthermore, tokenised actions will be acquired by MPS
Marketplace Securities Ltd, which will issue tokens representing shares on
(il) Ethereum blockchain via smart contracts, and buys and holds in the real world
stocks based on the application.
Moreover, from the first day, the platform will allow its traders to use Bitcoin,
Ethereum, XRP, Litecoin, Cardano, OmiseGo, Enigma, ShareToken and DigiByte on
the exchange. All coins will be combined with the US dollar, with XRP
further combinations with the Japanese yen and the euro. Cardano, a currency
quite popular in Japan, it will also be paired with the yen; "special" final
the coupling will be DigiByte, as it will also be negotiable with respect to the euro.
- Fortnite
merch store DOES NOT accept Monero anymore
Several media recently reported that the goods
The store of a famous free online Fortune will play online roulette
accepting Monero payments (XMR) in the future. The Epic Games, created, 125
The franchise network estimated by millions of players, with a value of $ 15 billion, saw these rumors arise
that flowed while its Retail Row briefly included support for encrypted payments
service called GloBee, which includes Bitcoin, Litecoin (LTC) and Ripple (XRP)
support as well as Monero.
For a couple of hours, the Monero holders were able to access
the Fortnite store and buy various items. However, this option was
off and later considered "a mistake" by none other than the head of Epic Games
honcho Tim Sweeney.
"In fact, Fortnite & # 39; s
the brief raid in the crypt was accidental. We worked with a partner to open a
Merchandising shop, and Monero payment has been enabled somewhere along the way. "
explained Sweeney. He also added: "Lot of
of us at Epic are big fans of the underlying decentralized computer technology
cryptocurrency, however much more work is needed on volatility and
anti-fraud before bringing it to such a large audience that it includes
the younger players. "
So while the option to start accepting crypto has it clearly
been explored by the company, it seems that everything has been put in place
keep pressed for now.
- litecoin
surpasses the stellar lumens
Having recently completed the "flippening" event recently
surpassing Bitcoin SV on the most valuable Coinmarketcap list
cryptocurrency on the market, Litecoin continued to rise on the encrypted market
hood scale.
This time the "victim" was Stellar Lumens, who had his 6th
placed on the list of the most important cryptocurrencies of the market ripped off
popular "silver for Bitcoin gold". Litecoin has seen impressive growth during
the last couple of hours, up nearly 11% on the back of a small Bitcoin price
recovery. This helped its market capitalization, which exceeded $ 2.3 billion and managed
overcome stellar lights.
Litecoin is currently at $ 2,333,529,574, which is enough for
stay above XLM whose total market capitalization is $ 2,307,371.481. The difference is not
really so massive and XLM could grow back into 6th with a minor
recovery. For now, Litecoin remains on, showing little intention to let it go
spot just acquired.
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The writers and authors of CapitanAltcoin may or may not have a personal interest in any of the projects and activities mentioned. None of the contents on CaptainAltcoin is an investment advice, nor does it replace the advice of a certified financial planner.
The opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
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