The hearing, which was held by the Senate Committee on Banking, Housing, and Urban Affairs, touched on a broad range of regulatory concerns related to cryptocurrencies and blockchain technology, including initial coin offerings (ICOs), trading platforms, derivatives and exchange-traded funds (ETFs), and the assets’ perceived use to perpetrate financial crimes and subvert international sanctions. In their opening statements, both Clayton and Giancarlo expressed concern about the fact that cryptocurrency exchanges are currently regulated at the state level rather than the federal, and each reiterated that, at some undefined point in the future, Congress may want to increase federal regulators’ ability to oversee the spot markets.
GIFTO Protocol is a decentralized universal gifting protocol for 2.2 billion digital content consumption market. GIFTO Protocol allows for the creation and exchange of virtual gifts, built on smart contracts and blockchain technology, that in turn will create a decentralized consumer-driven virtual economic system.
Current Price: $0.265917 USD
Market Cap: $41,978,010 USD
Circulating Supply: 157,861,327 GTO
Total Supply: 1,000,000,000 GTO
BitcoinTalk is a like a noticeboard where people take part in the technical details and the development of Bitcoin software and discuss with each other. Though, people who’ve passion in Bitcoin mining, trading with Bitcoin, and in the budgetary of Bitcoins can participate in this forum.
Reddit Bitcoin Community
Reddit Bitcoin community is one of the famous social website. A person called Atlas founded this community in September 9th 2010. However, it is the reliable place among several Bitcoin communities in terms of news, community feedback, and updated information about various companies.
CryptoCompare is basically founded in November 2014 and released to the public in late July 2015. This platform also provide best information in showing the most accurate live prices, charting and market analysis from the top cryptoexchanges globally.
Another community is most popular which is Cryptocurrency Talk. The major perception is to provide sufficient knowledge with the news, information, and discussions about the cryptocurrencies.
An Initial Coin Offering is a fundraising source from crowd of cryptocurrency investors and markets. When a new currency is launched, the company needs initial funds to make it work and this is where ICO evolved.
The first ICO was by Mastercoin in 2013 which has raised approximately US$6lakh to create Bitcoin exchange.
How does it work?
There is a term called “IPO” – Initial public offerings. This term is popularly known when it comes to share market. Under IPO, companies sell their equity which is backed by tangible assets. While in case of ICOs, companies’ transfers/exchange their novel cryptocurrency which is known as Tokens. Beside this, for existing cryptocurrency, payment can be done using old-fashioned cash or often bitcoin and Ether.
The Eastman Kodak Company announced Jan. 30 that the launch of their cryptocurrency KODAKCoin would be delayed in order to evaluate the status of potential investors. The delay was announced the day before the Initial Coin Offering (ICO) was set to start, according to the project’s Jan. 9 press release.
As explained in on the company’s website, Kodak intends to run an ICO that offers security tokens as an ‘exempt offering’ — this means the company does not have to register their security with the US Securities and Exchange Commission (SEC), but only “accredited investors” can participate in the ICO.