Bitcoin Focused on Cracking, Breaking Key Resistance at $10,000
Bitcoin prices rose Wednesday as the # 1 cryptocurrency by market value is focused on $10,000.
Prices ranged within $9,200 – 9,300 for most of the trading day. Bitcoin and some of the other cryptocurrencies moved into the Green, some larger digital assets by market cap registered losses.
A jury may sometime decide if ICOs (initial coin offerings) ought to be considered securities, adding their perspective to the fray fiercely debating the topic throughout the crypto world Wednesday.
A jury will be called by a US District Court in which businessman Maksim Zaslavskiy faces fraud charges related to 2 ICOs that regulators allege were in violation of securities laws.
Mr. Zaslavskiy pleaded not guilty to the charges in December 2017, arguing that the ICO token sales did not constitute securities offerings, moving to dismiss the Securities and Exchange Commission and Justice Department case against him.
A jury decision on whether ICOs are securities may set a precedent in the crypto space, but it might not, since the cases is complex, and the ultimate decision may be the US Supreme Court. Judge Raymond Dearie did not decide on the matter in preliminary hearings this week, instead opting to let the jury decide when the case goes to trial some time in Y 2019.
Earlier this week, SEC Commissioner Hester Pierce told a crowd at the Medici Conference that “sandbox” regulation for ICOs will not work.
“My fear that regulators will grab hold of the shovel and buckets is why I am often wary of so-called regulatory sandboxes. I am entirely in favor of finding ways to make appropriate regulatory allowances that clear the way for innovation to flourish. What troubles me about sandboxes, however, is that the regulator is typically sitting there next to the entrepreneurs,” Ms Pierce said.
The commissioner went on to say that, in her experience, all ICOs are securities. But, “Given the undeveloped nature of this area, I am wary of any blanket designation for all ICOs,” and urged regulators to “evaluate the facts and circumstances of each offering.”
Profede ICO Launch Singapore
Prior to launching their ICO, Profede – a highly promising new blockchain-based protocol aiming to revolutionize the professional recruitment industry will holding its first ICO presentation in Asia on 23 May 2018 in Singapore. The launch event is organized by ICO Event Company “Founder and CEO” and attendance will be by invitation only.
Profede is a new blockchain protocol which aims to transform the professional recruitment industry by allowing professionals (“sellers”) to be paid for their work history and CV information whilst also ensuring full data protection.
In the Professional recruitment industry, data on professionals, their work history and professional experience is worth billions of Dollars to major corporations. However, recruiters and headhunters collect this data for free from professionals and sell it to their clients.
Profede allows professionals to upload their data to their blockchain protocol, called the Profede Professional Protocol, which will then distribute data to partner platforms.
Professionals can control how much of their data is made public and what portions remain protected by the blockchain protocol. If a business (“buyer”) decides that it is interested in the data set of a specific professional, the buyer can pay a fee set by the professional to see the full data on work history.
As such, Profede allows for professionals to be compensated when their data is being accessed. On the other hand, Profede makes talent search for corporations more cost-effective as candidates (sellers) will have a public rating and businesses will be able to buy only the data information they require.
Profede has recently signed a partnership agreement with beBee, a career platform that counts over 12 million users in over 100 countries. Profede is also in discussions with other platforms such as Adecco, Monster, Glassdoor, Freelancer and Randstad, to integrate the Profede Professional Protocol into their platforms as well.
Profede aims to launch their final product on Ethereum’s main net in 2019. To date, Profede has exceeded its soft cap of USD 3 million in the presale period of its initial coin offering (ICO) and will start offering its token to the public from June 1st.
Profede’s concept has already gained international media attention and its CEO – Juan Imaz is a successful serial entrepreneur with 3 exits that valued over USD 110 million in the online business field.
For further information on the event and attendance, please contact: [email protected]
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