The SEC Temporarily Suspended Trading in Bitcoin Generation Miner’s Shares

The U.S. Securities and Exchange Commission (SEC) is temporarily suspending trading of shares in a little-known, self-described crypto exchange and mining firm called Bitcoin Generation (BTGN).

The regulator announced Monday that it was suspending trading until 11:59 P.M. Eastern Daylight Time on May 10, 2019 (or 03:59 UTC May 11) due to concerns that some information BTGN has made public may be inaccurate.

Specifically, the SEC is concerned about a bond that BTGN “purportedly acquired from an entity based in the United Kingdom”; how much BTGN stock is outstanding; promotional activity related to BTGN; and the “accuracy and adequacy...


Are Stiffer Bitcoin Regulations Brexit’s Surprising Side-Effect

brexit UK bitcoin regulation
When Brexit finally arrives, it could have a surprising side-effect for the UK's crypto industry: stiffer regulations on bitcoin. | Source: Shutterstock

By CCN: The prolonged process for withdrawing from the European Union may have resulted in great uncertainty, but the UK’s financial watchdog is sure about what it wants post-Brexit – more muscle to oversee bitcoin and the crypto industry at large.

According to the Financial Conduct Authority’s business plan for 2019/2020, the regulator will urge Her Majesty’s Treasury to boost its enforcement powers in the crypto sector ahead of Brexit. Per FCA’s chief executive, Andrew Bailey, UK’s EU withdrawal is the body’s most pressing and urgent challenge.

Andrew Bailey on our Business Plan 2019/20 https://t.co/4Juptx0QcY pic.twitter.com/d5guGsyJtV

— FCA (@TheFCA) April 17, 2019

The financial watchdog intends to first hold public consultation first, though, before its enforcement powers can be increased:

“Following our consultation on cryptoassets we will publish a Feedback Statement and finalised Perimeter Guidance. We will also provide technical advice to the Treasury on extending the perimeter for utility and exchange tokens and on extending our financial crime provisions to certain activities related to cryptoassets.”

Is FCA Too Eager to...


TransferGo is The Worlds First Remittance Service to Add Crypto Trading

UK Remittance Service TransferGo Adds Crypto Trading

UK-based service TransferGo has reportedly become the world’s first remittance operator to offer crypto trading, Bloomberg reported July 27.

TransferGo now lets customers buy and sell five major cryptocurrencies –– Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), and Litecoin (LTC).

According to TransferGo CEO and founder Daumantas Dvilinskas, the crypto trading option was launched “in response to demand from our user base”:

“With over 4,000 users signing up in the first few hours we can see there is a strong demand in...


Industria

Industria ICO

Ethersoft, an established crypto mining and service company in South Yorkshire, United Kingdom. We have been offering cryptocurrency services and mining contracts for Bitcoin and Ethereum to the public for the past 12 months with great success. We now look to expand our operations through organizing and implementing an ICO – launching the ERC20 “Industria” Token. We have worked hard on developing our brand “Ethersoft”. We are a transparent company that encourages all clients to come see our operation and meet our team. We have conducted major media campaigns in South Yorkshire and have had excellent results from our efforts. We have a dedicated team of professionals to lead Ethersoft with the launch of the “Industria” Token. Our Vision At Ethersoft, we believe in turning renewable energy into Cryptocurrency by means of Cryptocurrency mining. Cryptocurrency mining is highly profitable when done on a large-scale basis and it is essentially the process of turning electricity into digital assets. In today’s environment, Cryptocurrency mining is done globally. What we offer is an eco-friendly, more profitable and a renewable powered form of Cryptocurrency mining.The TechnologyThe technology is simple, controllable and has an excellent record of accomplishment. Not only is mining crypto currencies with renewable energy ecologically friendly, but it is also more profitable. Ethersoft mines all scalable and profitable Cryptocurrencies. The decision as to what secondary currencies to mine will be made by automated algorithms. These will choose the most profitable option available at any moment. Ethersoft is also flexible about the mining pools it uses, depending on payouts and liquidity among other factors.Our approach is simple, by utilizing renewable energy as a major energy source for our mining operations, our savings will be tremendous. What we save with renewable energy will be passed on to our miners, making Ethersoft one of the most profitable mining operations within the UK. Why Industria Will Be a Successful TokenThe key to a successful ICO is to have an ecosystem in place that the Tokens created by the ICO will be used in to buy services and trade goods. This will produce a value and usage for the Token.Value is determined by the amount of people within the ecosystem and outside of the ecosystem that will utilise the currency for buying and trading. This provides a demand for the Token, which in turn adds a value to the Token.We at Ethersoft already have the ecosystem in place with our current mining operation and the services we offer. Our Industria Token is a collateralized Token, meaning Industria is secured with assets (mining equipment, coins mined, renewable energy equipment, and land/building). These factors provide the Token with a real-world value.The Token will be used as a currency within the Ethersoft ecosystem to purchase services; such as mining packages, exchange services and merchant accounts. Clients must first purchase Tokens in order to purchase Ethersoft services.As the cost of mining altcoins increases, the value of the Tokens will also increase. As Ethersoft expands operations, the Token will increase in value due to additional mining and renewable equipment backing the Token.We expect that within 12 months from the ICO launch, Industria will be actively trading on most platforms.https://i.imgur.com/Tu2Cv7O.pngThe TeamThe team of Ethersoft amplifies success. With a wide range of talents, years of combined experience and a driven desire to win, Ethersoft’s team is ready for any challenge.Nicholas Green – Managing Director – Chief Financial OfficerNicholas has 8 years business experience within the finance and energy industry. For 5 years Nicholas...