Commissioner for the Securities and Exchange Commission of the United States (SEC) Hester Pierce said that her office was too cautious about the approval of exchange-traded funds (ETF) based on cryptocurrency and called for speeding up the process. Oinvest reports referring to Financial Times. https://preview.redd.it/0fdfd998ra231.jpg?width=745&format=pjpg&auto=webp&s=68955bdd9fe7ba629da4c3c15c808a3633e2e4f6 Last month, Pierce has already said that the SEC "stifles the ETF with its personal attention, as if talking about babies." She said: “We need to keep an open mind about Fintech which might mean that we need to reconsider technologically outdated assumptions that underline currency laws. Fintech can mean many things to many people and its effect on how investors communicate with each other and transmit activities are important.” At the moment, asset managers who intend to launch an ETF must apply in accordance with the Investment Company Act (1940), which, according to many experts, is quite strict regarding cryptocurrency funds. It should be noted, that Pierce reiterated her support for the Bitcoin-ETF by Winklevoss brothers, whom the SEC refused last summer. In May, the agency once again postponed consideration of applications for the launch of Bitcoin-ETF by Bitwise Asset Management and VanEck / SolidX. Despite this, the NYSE Arca recently submitted to the SEC a request to change the rules for listing securities from an investment bitcoin trust managed by Wilshire Phoenix Funds. This is not the only company that intends to launch Bitcoin-ETF on the NYSE Arca. On May 9, the SEC received an application from Crescent Crypto Index Services LLC to create an index fund that should track not only the quotes of the first cryptocurrency, but also Ethereum. You can find more information about the cryptocurrency market on the Oinvest site. The information above cannot be considered as an investment advice and past results do not indicate future performance. \*Investors should have experience and understand the risks of losing all the initial investment)
Sweetbridge Adds Blockchain Expert Don Tapscott to Advisory Group Industry luminary will counsel Sweetbridge on protocol development and go-to-market approach Phoenix, Arizona — February 6, 2018 — Sweetbridge, the global blockchain alliance that is developing protocols to enable frictionless business ecosystems and low-interest financing for individuals, businesses, and non-profit organizations, has today announced that it has added blockchain expert and best-selling author Don Tapscott to its Advisory Group. Tapscott will advise the Sweetbridge team on strategically applying blockchain and cryptocurrency technology for enterprise ecosystems and government use. Don Tapscott said: “Blockchain has the potential to transform the way organizations build their supply chains, and I believe Sweetbridge is on the cutting edge of that transformation. I look forward to collaborating with their team as they improve the way businesses around the world interact.” Don Tapscott is one of the world’s leading authorities on the impact of technology on business and society. He currently serves as CEO of the Tapscott Group, a think tank that regularly advises business and government leaders around the world. Tapscott has authored more than 15 books, including Wikinomics: How Mass Collaboration Changes Everything, an international bestseller that has been translated in over 25 different languages and more recently, Blockchain Revolution: How the Technology Behind Bitcoin is Changing Money, Business, and the World, which was named one of CNBC’s must-read book about bitcoin. In 2017, Tapscott co-founded the Blockchain Research Institute, whose 70 projects are the definitive investigation into blockchain strategy, use cases, implementation challenges, and organization transformations. Sweetbridge CEO Scott Nelson said: “As a well-respected thought leader and expert in the blockchain space, Don’s deep industry knowledge will be a critical asset as we continue to further our mission to leverage blockchain to create truly decentralized, frictionless business ecosystems.” Tapscott has been ranked as the second most influential management thinker in the world according to Thinkers50, the world’s most reliable resource for identifying, ranking, and sharing management ideas. He is also an Adjunct Professor at the Rotman School of Management and Chancellor of Trent University in Ontario. In July 2015, Don was inducted into the Order of Canada, the second-highest honor for merit in the system of orders, decorations, and medals of Canada, for his leadership in business innovation, as well as research conducted on the economic and social impact of information technology. Tapscott joins fellow Sweetbridge Advisors Alexander Bulkin, Co-Founder of CoinFund.io; Harry Goodnight, Principal for Revenue Enablement at Mereo LLC; Vinay Gupta, CEO of Mattereum and manager of the initial Ethereum launch; Warren Weber, Senior Research Officer at the Federal Reserve Bank of Atlanta and Visiting Professor at the University of South Carolina. leave out anything about the Bank of Canada; and Caroline Lynch, Founder and Owner of Copper Hill Strategies and former Capitol Hill staffer overseeing the development of privacy, technology, cybersecurity, and national security policy. Sweetbridge recently launched its token crowdsale platform, which focuses on ensuring regulatory compliance among blockchain startups and creating an incentive structure for companies that conduct their crowdsales on the platform. Blockchain-based companies Binkabi, Dcntral, and BuilderChain are the first companies that will use Sweetbridge’s platform to launch their crowdsales. Sweetbridge Advisor Don Tapscott is available for interview. About Sweetbridge Sweetbridge is a new economy built for commerce that enhances the world’s current economies. Sweetbridge and its alliance partners offer a unique set of blockchain protocols, applications and crypto-economics to create an economy of opportunity for all participants. This new economy offers capabilities that do not exist in conventional economies. For instance, members can lend themselves money at the interest rate and terms they choose, without a credit check. Businesses can obtain seed funding or re-invest in innovation and growth without selling equity or securities of any kind. Global brands in every industry can increase the utilization of assets throughout their value chains, preserving working capital while factoring the payment of suppliers at the time of invoice or order, interest free. Economies of local and national governments can experience a corresponding lift in commerce, while using the new economy to fund projects without selling bonds or debt. The goal of Sweetbridge is to transform brittle, industrial-era commerce through decentralized industry ecosystems that create a faster, fairer value exchange, unleash working capital, better utilize resources, and optimize talent for the benefit of all participants. For more information, follow Sweetbridge on Twitter at @sweetbridgeinc, its Telegram at t.me/sweetbridge, or visit https://sweetbridge.com.
$HUTN EF Hutton Sponsors ACEx A New Cryptocurrency Exchange
https://www.otcmarkets.com/stock/HUTN/news/EF-Hutton-Sponsors-ACEx-A-New-Cryptocurrency-Exchange?id=203444 Arizona Providing Support Through Regulatory Relief and Economic Incentives Goal is Over 2 Million Customer Accounts from ACEx Members by Opening Bell PHOENIX, ARIZONA, Sept. 12, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- EF Hutton Inc. (“EF Hutton”), a unit of HUTN Inc., (OTC: HUTN) is leading a group of financial service firms to establish the American Cryptocurrency Exchange (“ACEx”), a first of its kind membership exchange in North America at acex.us. The ACEx is expected to commence trading of digital assets based on blockchain technology, such as tokens and virtual currencies similar to Bitcoin by January 2019. The market for digital assets, including coins and tokens, has grown substantially. Trading volume in crypto currencies is more than 12 times higher than it was in 2016. Over $13 billion was raised through initial coin offerings (“ICO”s) globally in the first half of 2018, according to PriceWaterHouse, with the largest amount raised equal to $4 billion and an average raise amount of $25.5 million. The capital raised in ICOs in the first half was more than 40% of the entire amount raised by companies through traditional common stock IPOs and more than 30% of the capital raised from venture capital, according to Forbes Magazine. The United States has lost crypto market share offshore marketplaces and ACEx is designed to attract customers who want security of dealing with a trusted financial provider. Only 2% of investors in the U.S. currently hold Bitcoin, the most widely-held a digital asset in their portfolio, according to a recent Bloomberg survey. Investors seek security and better understanding before committing. ACEx is designed to alleviate concerns and, thereby, expand the market. All members must be registered financial services companies, brokers and/or advisors. ACEx is sponsored by EF Hutton, a financial firm with an iconic brand and a 114 year legacy, and is extensively engaged in Fintech initiatives, including products and services utilizing blockchain technology. EF Hutton recently launched specialty research on Digital Assets including Coins and Tokens that is available to the public via subscription, see efhutton.com/crypto-research ACEx is unique in that it provides up to $5 million of equity in ACEx, LLC to each of the first 250 members that join the exchange. Issuance to members is to be exempt from registration under Rule 506(c). The ACEx is expected to have significant value when it commences trading. For reference, an exchange was funded last year by private equity investors at an $800 million valuation. Membership is open to any broker-dealer or investment advisor registered to do business in the United States. Existing Cryptocurrency exchanges seek to cut-out brokers and advisors. Small and midsized brokers . ACEx will be the only exchange that seeks to incorporate regulated firms as members and provide them with a share of the exchange economics. Dozens of firms are in the process of becoming members of ACEx. ACEx is accepting membership applications at acex.us/membership-registe. ACEx will be issuing 80 million ACE Tokens (“ACEs”) that members can distribute to their clients. Each Token will give a 20% discount on their trades executed on ACEx. Tokens will expire in three years. Clients will be able to buy or sell ACEs on ACEx. ACE Tokens will never expire. By January 2019, over 2 million investors are to be linked to ACEx through 250 brokers and advisors that are expected to be Members by the opening bell. We anticipate that ACEx Members will, in aggregate, have over 1,000 offices located throughout the U.S. and many foreign countries and their client accounts will amount to over $45 billion. The Member client orderflow is expected to be a significant source of proprietary liquidity. ACEx’s headquarters will be located north of Scottsdale at Paradise Valley in Arizona. It is expected that more than ninety people will be directly employed by ACEx by 2020 and thousands of professionals could be employed in exchange-related activities by all its exchange members by 2022. EF Hutton is also establishing an office near the exchange. Arizona Commerce, a State agency, is providing a multi-million dollar economic incentives for ACEx sponsor and the State has revised regulations that are crucial to ACEx operation, such as relief from registration as a money transmitter. EF Hutton CEO, Christopher Daniels commented, “We are building a unique fintech infrastructure in Arizona that encompasses a large number of brokers and advisors. ACEx membership structure benefits every Member firm – all of whom benefit directly from the growth of ACEx.” EF Hutton’s CEO, a fintech leader, will be a featured speaker at Block World in Silicon Valley on September 14. Block World is the largest conference in the world focused on blockchain technology and its applications. ACEx intends to become the preferred digital asset marketplace for U.S. retail and institutional investors. ACEx exchange will use a combination of software developed internally and externally. The software is state of the art and will provide a highly-secured platform that is the technology backbone with a processing capacity of nearly one million transactions per second. Furthermore, the technology will enable each ACEx member’s customers to use a mobile App that will be co-branded with ACEx and the member’s name. At the start, ACEx expects traders will be able to trade a total of ten coin pairs - Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Ethereum classic (ETC), OmiseGo (OMG), EOS (EOS), DASH (DASH), Tron (TRX), Monero (XMR), VeChain (VEN), IOTA (MIOTA), ZCash (ZEC), and stable-coin TrueUSD (TUSD), with plans to add Neo (NEO), Cardano (ADA), and more pairs in the coming months. Additionally, ACEx will offer access to all ten coins listed in the Bloomberg Galaxy Crypto Index (BGCI). ACEx will offer:
ICOs: ACEx plans to list ICOs in 2019 and is accepting listing applications. The unique exchange structure will provide issues and sponsors a single-point for both capital and liquidity.
Faster execution times with lower latency: As a U.S. based marketplace built for speed, the ACEx platform will allow for a very rapid transaction volume with a network designed to facilitate up to one million transactions per second. Additionally, transactions will typically settle in under four seconds, allowing for faster multi-exchange strategies and providing a speed advantage over other money movement options.
Custom crypto trading: Members will connect thru APIs to facilitate order executions – whether single trade or blocks – as well as auto-execution of crypto trading strategies.
Increase of overall liquidity in cryptocurrency space: This exchange will expand the overall market due to the structure and research provided by this exchange and its members.
Liquidity: Members will direct trades to ACEx and the volume will enable ACEx to provide the deepest and most liquid market in the Americas.
About Arizona Arizona is focused on the future. The State is the sixth largest and the 14th most populous of the 50 states with a population of nearly seven million. Arizona’s government seeks to promote good quality business, including technologies and related services. Arizona was recently ranked among the best in the nation for entrepreneurship and job growth by US News & World Report. About ACEx ACEx is an Arizona based digital currency marketplace operated by a team consisting of experienced financial professionals from across the securities industry. ACEx seeks to revolutionize the digital asset space while incorporating best practices from the broader financial industry. ACEx is registering with FINCEN and is taking initial steps towards compliance and plans to become a registered, fully regulated and compliant operation under the United States Securities and Exchange Commission (SEC) and other regulatory agencies, as applicable. For more information, please visit acex.us or email us at [email protected]. About EF Hutton EF Hutton is a legendary financial services brand with a 114 year legacy of innovation. The firm is independent and there is no longer any connection with American Express or Citigroup – two companies that once operated subsidiaries under the EF Hutton name. About HUTN, Inc. HUTN, Inc. is a holding company whose subsidiaries provide B2C internet services. HUTN Group Inc., a wholly owned subsidiary of HUTN, Inc. is the parent company of: (i) EF Hutton, Inc., a provider of digital finance and investment services, and a legendary brand that has been known for innovation for over 113 years; (ii) Vibrant Mobility, Inc., a mobile communications services provider; and, (iii) Megga, Inc., an integrated social network and online services provider. HUTN, Inc.'s subsidiaries offer innovative financial products designed to work for everyday people. HUTN, Inc. stock is traded under the symbol HUTN. Learn more at www.efhutton.com. EF Hutton, Inc., Vibrant Mobility, Inc., and Megga, Inc. are subsidiaries of HUTN, Inc. Cautionary Note Regarding Forward-Looking Statements. Certain statements contained in this press release that are not historical facts may constitute "forward-looking statements" as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. EF Hutton, Inc., Vibrant Mobility, Inc., and Megga, Inc. are subsidiaries of HUTN, Inc. 📷 Christopher Daniels 212-920-9258 [email protected]
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