It is amazing you can shift 20% of a company and maintain a $1.7 bil valuation.
Announcement
Collapse
No announcement yet.
Bitcoin and NFTs
Collapse
X
-
Ecofin punts on ICOs for now:
We also had a good exchange of views on crypto-assets. We see that crypto-assets are here to stay. Despite the recent turbulence, this market continues to grow.
In particular initial coin offerings, or ICOs, we see they have the potential to emerge as a viable form of alternative financing. Already last year, ICOs helped raise over 6 billion dollars in funding and this year this figure will be substantially bigger.
At the same time, we also see risks linked to a lack of transparency, so there are risks for investment protection and market integrity, but also in the form of money laundering, potential fraud or hacking.
So we need to continue monitoring the developments in this area, and we need to do so also in cooperation with our international partners at the Financial Stability Board or G20 level.
One challenge with crypto-assets is how to categorise and classify them, and whether and how to apply existing EU financial rules to these assets or if we need new EU rules.
In this context, we are currently working together with European Supervisory Auhtorities on what we call regulatory mapping of crypto assets to answer exactly these questions. Many Member States today supported the need for such mapping, so we expect to conclude this assessment later this year. This will provide a solid ground to build on and to decide on further steps in this area.
Comment
-
Little experience....investing novice....huh, who'd have figured.
https://money.cnn.com/2018/09/11/inv...tim/index.html
Comment
-
Especially from November, which was before most, though certainly not all, of the big spike. The article talks about him trying to "mitigate" losses by, um, diversifying to other crypto. I can only imagine he bought into things like ETH and XRP before they suffered their even bigger falls. Or there are ICO losses not mentioned in the piece.
Comment
-
So the other shoe finally seems to be dropping for Tether, trading well below a dollar. I guess we'll find out for real now just how much of Bitcoin's volatility was driven by it.
Remember, these are the "stablecoins".Last edited by Ginger Yellow; 16-10-2018, 09:19.
Comment
-
Obviously all new currencies are flawed in the extreme, but this hasn't stopped people from jumping on every new bandwagon they see. In my case this is Initiative Q (primarily because the actual investment is zero*) If anyone wants to join me in the life of luxury and free money that is just around the corner here is your link https://initiativeq.com/invite/rbZtxt6im (Obviously as I got onboard before you, my yacht will be slightly bigger than yours)
(*Well, obviously apart from my already poor reputation)
Comment
Comment