Author Archives: David Drake

Blockchain Scalability: Why there is Need for Financial Institutions to be Patient

  by David Drake     The emergence of blockchain technology has brought hope for faster, more secure and more affordable transactions for entities across sectors. Since its invention, the technology has become a basis for innovating solutions to address pressing problems in conventional systems due to its ability of increasing transparency. Blockchain-based projects include platforms such as IOU, designed to […]

Can Conflicting Interests Reduce Blockchain Adoption in the Finance Industry

  by David Drake     The status of services in the banking sector is characterized by time lags and high transaction costs. For these reasons, blockchain has been hailed as a revolutionary technology due to its ability to reduce transaction costs and increase the effectiveness of cross-border transactions. But big banks are now beginning to question the ability of blockchain […]

Will SEC’s Decision Not to Classify Ether as Security Fuel Demand for Decentralised Applications?

  by David Drake     Since the Ethereum blockchain network went live in 2015, it has significantly impacted the cryptocurrency industry. The network has been used by developers to create decentralized applications (DApps) and launch cryptocurrency based projects due to its smart contract feature. Additionally, ether, the utility token that runs on the Ethereum network, has been used to power […]

SEC Regulation: Just What is Keeping Cryptocurrency Exchanges from Self-Reporting?

  by David Drake   Since its inception, the cryptocurrency industry has largely been unregulated. This has created a less rigid environment for innovative, blockchain-backed companies like BlockVest and AnthemGold to raise funds to finance their projects through initial coin offerings (ICOs). However, the unregulated cryptocurrency space has created opportunities for scams. To guard investors against fraudulent actions, there have […]

Are there Tools to Guard the Crypto Market Image Amidst Rising Fake ICOs?

  by David Drake     The cryptocurrency market has gained popularity faster than anyone had anticipated, and right alongside it, is a new way to raise capital for blockchain-based projects, initial coin offerings (ICOs). In fact, over the past 18 months, cryptocurrency-related projects have been coming up in almost every single industry. The flip side of it is that not […]

What Can the Crypto Market Expect following SEC’s Announcement that Ether is Not a Security?

  by David Drake     Ether, the digital currency based on the Ethereum blockchain technology, will not be considered as a security. This is according to William Hinman, the Securities and Exchange Commission, (SEC) Corporate Finance Division Director. Speaking during the Yahoo Finance All Markets Conference, Hinman made it clear that ether need not be regulated like stocks and bonds. […]

How SEC’s Clarity on Ether Could Boost Cryptocurrency Growth

  by David Drake     Ethereum network has played a significant role in the growth of the cryptocurrency market. As the network on which the digital currency, ether, runs, Ethereum provides a platform for developers to create decentralised applications. Earlier this year, there was uncertainty among crypto-developers when the Securities and Exchange Commission (SEC) through its Chairman, said tokens and […]

What SEC’s Latest View of Decentralized Currencies Means for the Crypto Industry

  by David Drake     Earlier this month, the Securities and Exchange Commission (SEC) announced that ether, a virtual currency, will not be regulated as a security. These news alone saw the price of ether rise by 9.4%, from $468 to $515. The price of bitcoin also rose by 4.8%, from $6,300 to $6,645 following a statement made by William […]

What Really is Discouraging Crypto-Exchanges from Self-Reporting to the SEC?

  by David Drake     Tech advancements have led to the emergence of the cryptocurrency industry, enabling companies like BlockVest and SportsFix to develop innovative business models backed by blockchain technology. However, the regulation cloud has been hovering over the industry for much of the first quarter this year. The Securities and Exchange Commission (SEC) has made it clear that […]

Why Low Registration of Exchanges Could be Driven by Oversight Fears

  by David Drake     Regulation of the cryptocurrency market has been a contentious issue after the remarkable performance of leading digital currencies like bitcoin and ether in 2017. At the beginning of 2018, the crypto market experienced a major clash following regulatory crackdowns by the South Korean and Chinese governments. In the US, the Securities and Exchange Commission (SEC) […]