Archive for the ‘blockchain’ Category.

In the first federal decision finding that the U.S. Securities and Exchange Commission hasn’t shown a digital asset offered in an initial coin offering is a security, a judge in San Diego, CA has turned back a request from the SEC for a preliminary injunction against the backers of the Blockvest ICO.

U.S District Judge Gonzalo Curiel of the Southern District of California, who previously granted the SEC’s ex parte request for a temporary restraining order and froze the assets involved in the ICO, found Tuesday that the SEC couldn’t show that investors bought into the Blockvest offering with the expectation of making a profit from the efforts as others—part of the three-part “Howey” test for the definition of a security under the the 1946 U.S. Supreme Court decision in SEC v. W.J. Howey Co.

Full order can be found here.

Blockchain Interview on CEO Money TV

Interview for CEO Money TV

RideCoin to replace Uber and Lyft

RideCoin – a company formed by former Uber and Lyft engineers – is planning a $250 million ICO in October 2017. Insiders disclosed that already $20-$30 million tokens are spoken for by prominent investors – including some previously involved in

The model of the blockchain-powered ride-sharing platform will combine several aspects of the existing models but the company will eventually entirely owned by the actual drivers.

Ukraine: Bitcoin’s are financial assets

bitcoin ukraineRecent disclosures by members of Ukraine’s legislature revealed that three lawmakers have a combined wealth in bitcoin of almost $50 million. According to a report from RIA Novosti, Russia’s international news service, the three lawmakers are all members of the “Petro Poroshenko Block,” which constitutes the largest group of legislators within the Parliament.

Of the three named by the report, Dmitry Golubov possesses the most bitcoin: 8,752 BTC, an amount worth roughly $37 million at current prices. Alexander Urbansky possesses 2,494 BTC while Dmitry Belotserkovets owns 398 BTC, worth approximately $10 million and $1.6 million, respectively.Two bills to provide legal frameworks for cryptocurrencies including Bitcoin have now been submitted to the Ukrainian parliament. The latest one proposes recognizing them as financial assets. It also defines cryptocurrency derivatives, market of cryptocurrencies and their derivatives in Ukraine,” Bill No. 7183-1 was submitted last week.

And, other report confirmed that 150 Bitcoin machines will be installed in Ukraine later this year.

Homeland Security is getting on the blockchain

The Department of Homeland Security (DHS) Science and Technology Directorate (S&T) has awarded a $749,241 Small Business Innovation Program (SBIR) contract to Digital Bazaar, Inc. to develop fit-for-purpose blockchains for identity and access management.

Under the SBIR Phase II contract, the Blacksburg, Virginia-based technology company will develop a flexible software ecosystem that combines fit-for-purpose distributed ledger technology, digital credentials and digital wallets to address a wide variety of identity management and online access use cases for the Homeland Security Enterprise (HSE). This research and development (R&D) project is being managed by the Cyber Security Division’s (CSD) Identity Management project. CSD is part of the Homeland Security Advanced Research Projects Agency.