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The XRP SEC saga may have died down a little but digital asset investors are still concerned about the XRP security status. The XRP price prediction 2019 has been on the high side for some time now but there is no saying how long this would last. Some digital asset investors are worried that XRP might be deemed a security and this would affect the XRP price prediction 2019. So, in our XRP news today, we are going to talk about what would happen to the XRP price forecast 2019 if XRP is a security. XRP Price Prediction 2019 – XRP News Today – XRP SEC Saga – What If XRP Is A Security? The SEC has been paying extra attention to cryptocurrencies since the 2017/2018 ICO frenzy. They have already started punishing ICO issuers who issued tokens that fall into the unregistered securities category. However, nothing has been said about XRP, the third largest cryptocurrency in the world per market capitalization. Since XRP shares some similarities with security tokens, there is the possibility th..
The partnership research scheme with Taekion is entering its second phase, focusing on blockchain’s role in preventing cyberattacks. A blockchain project sponsored by the United States government aiming to bolster power plant security has entered its second phase, participants confirmed in a press release on April 10. The project, principally a partnership between the U.S. Department of Energy’s (DOE) National Energy Technology Laboratory (NETL) and Colorado-based security firm Taekion, aims to reduce the ability of cybercriminals to compromise aspects of the energy supply chain. The effort, which is worth $1 million, utilizes blockchain to shore up security and prevent remote attacks such as those which afflicted Ukraine’s grid in 2016. Taekion is currently researching how the technology could appear in suitable solutions, which would be deployed at power plants themselves. “Accurate information on the status of power plant operations is critical for electric grid security,” the pres..
The Mauritius Financial Services Commission has issued a guidance note concerning security token offerings. The Mauritius Financial Services Commission (FSC) has issued a second guidance note concerning security token offering (STO) regulation, dated April 8. In the document, the FSC declared that security tokens are considered digitally represented securities as defined in the Securities Act of 2005. As a consequence, when STOs are conducted in or from Mauritius, the offering is regulated by local security regulations, including the requirement for a prospectus. The regulator also notes that, while no STO can take place without its prior approval, there are exceptions for when a token issuer needs authorization. Those exceptions include offerings meant for sophisticated investors, expert investors, expert funds, professional collective investment schemes and specialized collective investment schemes. The FSC also highlights that carrying out financial services without a license is..
A few days ago, the U.S. Securities and Exchanges Commission released a guidance for cryptocurrencies. The document talked about cryptocurrencies that are classified as security tokens and those that aren’t. Since then, the XRP SEC saga resumed with digital asset investors asking the same question they have trying to get answered for years now; is XRP a security? Meanwhile, during the cryptocurrency bull run a few days ago, many other tokens were outperforming XRP. Now, during the pullback, XRP appears to be outperforming other cryptocurrencies. Our XRP news today would be about the current XRP technical analysis and what it means for the XRP price prediction 2019. XRP News Today: XRP Technical Analysis – XRP Outperforms BTC And ETH Yesterday, XRP started a downside correction as it found strong resistance at $0.3750. After some time, it fell below the support at $0.3600 and was heading for the support at $0.3480 before the bulls gathered momentum. The XRP technical analysis on NewsBt..
Hong Kong's securities regulator, the Securities and Futures Commission, has issued official guidance on security token offerings. Hong Kong's securities regulator, the Securities and Futures Commission (SFC) has issued official guidance on security token offerings (STOs), in a statement published on March 28. The guidance aims to clarify the legal and regulatory requirements for parties engaging in STO-related activities. The document opens with a proposed working definition of a security token and sale, noting that: “STOs typically refer to specific offerings which are structured to have features of traditional securities offerings, and involve Security Tokens which are digital representations of ownership of assets (eg, gold or real estate) or economic rights (eg, a share of profits or revenue) utilising blockchain technology.” According to the SFC, security tokens are “likely to be ‘securities’” under Hong Kong’s Securities and Futures Ordinance, and thus fall under exis..
Digital asset exchange AlphaPoint has upgraded its security token service designed for institutional clients. Digital asset exchange AlphaPoint has upgraded its security token service designed for institutional clients, according to a press release obtained by Cointelegraph Thursday, March 28. The company that provides services to private equity, real estate, funds, and other institutional investors is now offering to issue asset-backed security tokens for its clients. AlphaPoint believes that tokenization will increase liquidity for high value asset classes. As per the announcement, the updated service will allow institutions to create and trade tokens securely and privately. AlphaPoint said that its new security token service is already used by a real-estate private equity firm Muirfield Investment Partners and an asset management firm Laureate Digital Securities Ltd. While the first is going to issue its own tokens to create a private equity investment structure, the second hopes t..
United States-based cryptocurrency exchange Kraken announced that two-factor authentication is now mandatory for the exchange’s users. Nick Percoco, chief security officer at United States-based cryptocurrency exchange Kraken, announced that two-factor authentication (2FA) is now mandatory for the exchange’s users in a post on the company’s official blog published on March 26. 2FA, in this case, is an additional component needed to access an account. Often 2FA requires the user, after entering their login information, to also enter a one time password (OTP) received via SMS. Per the announcement, Kraken supports Google Authenticator and YubiKey as 2FA implementations. YubiKey is a hardware device dedicated to generating OTPs, while Google Authenticator is a smartphone app meant to do the same. The post points out that 2FA was available as an additional security option to its users since Kraken's launch in 2013. The announcement also notes that the measure is part of a broader set..
If you’re a digital asset investor who has been scared of joining the XRP rich list because you don’t know if XRP is a security or not, you’ll be happy to know that the answer to this question is coming soon. After many months of waiting, the digital asset investors in the cryptocurrency space will finally know if XRP is a security and how the XRP security status will affect the XRP price prediction 2019. How Will The XRP Security Status Affect The XRP Price Prediction 2019? Ripple, the company behind XRP is facing many lawsuits. Over the years, the San Francisco based firm has tried hard to prove that XRP is not a security but doubts still flood the minds of digital asset investors. Irrespective of what Ripple and investors in the cryptocurrency space have to say, only the United States SEC has the power to clarify the XRP security status. XRP (XRP) Price Today – XRP / USD Name Price24H (%)$0.308805 -0.80% Recently, a rumor broke that the SEC is at the verge of clarifying the XRP s..
Using blockchain for biometric tracking would be the technology’s killer app in the travel security sector, a representative from the U.S. Customs and Border Protection has said. Using blockchain for biometric tracking would be the technology’s killer app in the travel security sector, according to a representative from the United States Customs and Border Protection (CBP) agency. The news was reported by travel industry media outlet Skift on March 21. Sikina Hasham, program manager at the CBP, made her remarks during a panel at the JetBlue Technology Ventures Blockchain in Travel Summit in New York City on Wednesday. In response to a question from panel moderator David Post — managing director of IBM Blockchain Ventures — Hasham said that an area of significant promise for the government’s use of blockchain lies in its conjunction with biometrics: “One area we’ve seen a significant amount of success in is facial comparison and biometric data. There is a service we’ve created to verif..
Ethereum co-founder Vitalik Buterin says that strong ether prices are important both for network security and the wider ecosystem’s development. Ethereum (ETH) co-founder Vitalik Buterin says that high ether prices are important both for network security and the wider ecosystem’s development. Buterin made his remarks during an interview for Laura Shin’s crypto-focused “Unchained,” hosted at the Columbia Graduate School of Journalism and live-streamed on March 20. In response to Shin’s question as to whether protocol designers and project leaders should be focusing on the question of a cryptocurrency’s price, Buterin referred to the “earlier rhetoric” of the Ethereum project, which had explicitly downplayed the importance of the asset’s value: “In part, it was counter-signaling to distinguish ourselves [Ethereum] from other crypto projects that do pumping and lambo-ing way too much. But it was also about minimizing legal risk by basically trying to make the project seem more distant fr..