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   Technology StocksFintech (cryptocurrencies, ICOs etc.)

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To: Graystone who wrote (119)10/9/2018 10:03:36 PM
From: Graystone
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ETN at 378sats
Steady buying

ETN is still strong and has excellent volume. It is the volume leader (or top 4) again on all Cryptopia markets again today. It has been trading strong volume everyday and is moving up. I explained ETN briefly in another post but the action and price rise is the result of the ETN development team creating an API that can be integrated in any merchant software. What it means is that any merchant can integrate the ETN API and people can pay that merchant with ETN. That may not sound like a lot but it is the first cryptocurrency API and they have instant notification of funds for the merchant, no waiting for confirmation. ETN has created an instant notification system that uses a sandbox to stop a double spend. Again, doesn't sound like much but it is important that any merchant know the funds are there right away, merchants cannot wait for the confirmations from the blockchain, that can take a while. As feedback comes back to the development team we may see some more price action. I cannot handle any community rah rah anymore so I watch the markets rather than haunt Discord, Slack or Telegram. Most communities exist on one of those sites. Telegram is also widely used by P&D crypto traders and cryptowhales so caution is required.

If you haven't got an account on a cryptoexchange then you may want to try it out. Very different from the stock market. I am a big fan of Cryptopia and think it is the world's best cryptoexchange, it has many features that are unique (and many have been copied). Cryptopia is in New Zealand. CEFS (Cryptopia Exchange Fee Share) is an ERC 20 Token hosted on the UBIQ blockchain. CEFS tokens were initially given to the B Class shareholders of Cryptopia so they could participate in the growth of the exchange. Each month a percentage of the trading fees paid to Cryptopia are divided up among the 6300 CEFS tokens. So every month you get a payment of the following cryptocoins BTC/LTC/DOT/DOGE/NZDT/USDT, you get some of each. The yield is OK, there are a few cryptocoins that allow you to participate in the growth of crypto this way.

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From: Glenn Petersen10/19/2018 10:44:03 AM
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The SEC Is Setting Up a New Division to Talk to ICO Startups

Nikhilesh De
Oct 18, 2018 at 18:30 UTC | Updated Oct 18, 2018 at 22:42 UTC

The U.S. Securities and Exchange Commission (SEC) is launching a new division with the goal of making it simpler for fintech startups – including those launching initial coin offerings (ICOs) – to navigate the legal implications of their products.

Announced Thursday, the Strategic Hub for Innovation and Financial Technology (FinHub) will act as a central point for the securities regulator to interact with entrepreneurs and developers in the financial technology world, in particular with groups focusing on distributed ledger technology (DLT), automated investment advice, digital marketplace financing and artificial intelligence.

As envisioned, FinHub will both publicize information produced by the SEC, as well as let innovators ask questions or clarify regulations. The new division will also collaborate with other regulators, both domestic and international, on work that involves emerging technologies. Additionally, FinHub will host a FinTech Forum focused specifically on DLT and digital assets next year.

FinHub will be run by the SEC's senior advisor for digital assets and innovation, Valerie Szczepanik, and be staffed by SEC officials who have previously worked on fintech-related issues, according to the agency.

Szczepanik, who is also the associate director in the SEC's Division of Corporation Finance, said in a statement:
"SEC staff across the agency have been engaged for some time in efforts to understand emerging technologies, communicate the agency's stance on new issues, and facilitate beneficial innovations in the securities industry."
"By launching FinHub, we hope to provide a clear path for entrepreneurs, developers and their advisers to engage with SEC staff, seek input and test ideas," she added.

SEC chairman Jay Clayton noted in a statement that the agency is looking to work with investors and other market participants on issues such as capital formation and financial services, while also maintaining investor protection.

"The FinHub provides a central point of focus for our efforts to monitor and engage on innovations in the securities markets that hold promise, but which also require a flexible, prompt regulatory response to execute our mission," he said.

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From: Glenn Petersen5/25/2019 8:28:04 PM
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Robinhood Is Set to Raise at Least $200 Million in New Funding

By Julie Verhage
May 24, 2019

-- Round values the fintech startup at more than $7 billion

-- Talks with investors are ongoing and the round could grow

Robinhood Markets Inc. is close to securing at least $200 million in fresh funding, according a person familiar with the matter. The round is said to value the company at between $7 billion and $8 billion, although the details could change.

The cash infusion is coming from existing investors, said people familiar with the deal, all of whom asked not to be identified because the details are private. The funding talks are ongoing, but the company’s valuation could climb to as much as $10 billion in a subsequent round, these people said, adding that the numbers are subject to change until the deal is closed.

A Robinhood spokesman declined to comment.

The Menlo Park, California-based startup, which offers free app-based trading, last raised money in mid-2018 at a valuation of $5.6 billion. On top of the new funding, the company is working on launching its retooled cash management service later this year, the people said, after it was forced to temporarily shelve the product following backlash over how it was marketed, and whether it would be insured.

The tech website the Information earlier reported some details of the deal.

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