Highlights: Coinbase gets approval for security tokens, IBM backs a stablecoin, and Robinhood gets Doge'd.
Source: Bloomberg
Coinbase has received approval from the U.S. SEC to purchase three companies licensed to sell security tokens, a move that places the exchange under federal oversight and gets them a step closer to offering securities on their platform. According to Coinbase, there are “many more steps and conversations needed” before customers will be able to trade securities, with the next step being the integration of their technologies into their new acquisitions’ infrastructures.
Source: Medium
The TE-FOOD token, TFD, is not a security, according to a “world’s first” opinion issued by the German equivalent of the SEC. In a Medium AMA, TE-FOOD said that it had reached out to the regulatory entity for clarification. Classification as a non-security means they do not need to be licensed to operate.
Source: CoinDesk
IBM will partner with startup Stronghold to promote the release of USD Anchor, a token backed one-to-one with the U.S. dollar. The token will launch on the Stellar blockchain, and will be insured by the FDIC, a feature which separates it from Tether. The USD backing for Anchor will be held by Prime Trust, a Nevada holdings company which runs KYC/AML protocols and has existing arrangements with other stablecoins. Notably, as the FDIC only insures deposits up to $250,000, any holdings in excess would need to be split among multiple banks.
Source: CCN
SBI Holdings has launched its cryptocurrency exchange in Japan, first announced nearly two years ago, making VCTRADE the world’s first (...) bank-owned cryptocurrency exchange. the public launch follows a limited beta period launched in June. They are currently offering XRP, BTC, and BCH.
Source: Twitter
Prepare your memes… the Robinhood exchange has added DogeCoin to its list of commission-free holdings. Much excite. When wallet?
Source: Twitter
The Waves DEX announced today via Twitter that it will begin offering ERC20 tokens, and thereby increases their relevance to the mainstream crypto markets. It invites users to suggest which tokens they should list by responding to the tweet linked above.
Source: CCN
Mining hardware producer Bitmain has opened an office in San Jose, CA, bringing the China-based company to Silicon Valley. Bitmain has an established market in North America and has also started investing in tech startups, making this a relatively unsurprising move.
Source: Bloomberg
Chartered financial analysts (CFAs) will now have to know something about crypto and blockchain in order to receive their certifications. Not a world-changing news story for most of us, but a nice tip of the hat from the financial professionals sector.
Source: Medium
The Kin Kinit Android app is now available from the Google Play Store. The app offers users ways to earn the Kin cryptocurrency, and then a marketplace in which to spend it and a peer-to-peer trading feature. We tried it - after download, setup, and a two minute waiting period we earned a fraction of a penny, which we were not able to redeem. Cool!
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