DigitalAssetTransactions:WhenHoweyMetGary(Plastic)RemarksattheYahooFinanceAllMarketsSummit:CryptoThankyouAndy.Iampleasedtobeheretoday.Thiseventprovidesagreatopportunitytoaddressatopicthatisthesubjectofconsiderabledebateinthepressandinthecrypto-community–whetheradigitalassetofferedasasecuritycan,overtime,becomesomethingotherthanasecurity.Tostart,weshouldframethequestiondifferentlyandfocusnotonthedigitalassetitself,butonthecircumstancessurroundingthedigitalassetandthemannerinwhichitissold.Tothatend,abetterlineofinquiryis:“Canadigitalassetthatwasoriginallyofferedinasecuritiesofferingeverbelatersoldinamannerthatdoesnotconstituteanofferingofasecurity?”Incaseswherethedigitalassetrepresentsasetofrightsthatgivestheholderafinancialinterestinanenterprise,theanswerislikely“no.”Inthesecases,callingthetransactionaninitialcoinoffering,or“ICO,”orasaleofa“token,”willnottakeitoutofthepurviewoftheU.S.securitieslaws.Butwhataboutcaseswherethereisnolongeranycentralenterprisebeinginvestedinorwherethedigitalassetissoldonlytobeusedtopurchaseagoodorserviceavailablethroughthenetworkonwhichitwascreated?Ibelieveinthesecasestheanswerisaqualified“yes.”Iwouldliketosharemythinkingwithyoutodayaboutthecircumstancesunderwhichthatcouldoccur.BeforeIturntothesecuritieslawanalysis,letmesharewhatIbelievemaybemostexcitingaboutdistributedledgertechnology–thatis,thepotentialtoshareinformation,transfervalue,andrecordtransactionsinadecentralizeddigitalenvironment.Potentialapplicationsincludesupplychainmanagement,intellectualpropertyrightslicensing,stockownershiptransfersandcountlessothers.Thereisrealvalueincreatingapplicationsthatcanbeaccessedandexecutedelectronicallywithapublic,immutablerecordandwithouttheneedforatrustedthirdpartytoverifytransactions.Somepeoplebelievethatthistechnologywilltransforme-commerceasweknowit.Thereisexcitementandagreatdealofspeculativeinterestaroundthisnewtechnology.Unfortunately,therealsoarecasesoffraud.Inmanyregards,itisstill“earlydays.”ButIamnotheretodiscussthepromiseoftechnology–therearemanyinattendanceandspeakingheretodaythatcandoamuchbetterjobofthat.Iwouldliketofocusontheapplicationofthefederalsecuritieslawstodigitalassettransactions–thatishowtokensandcoinsarebeingissued,distributedandsold.Whileperhapsabitdryerthanthepromiseoftheblockchain,thistopiciscriticaltothebroaderacceptanceanduseofthesenovelinstruments.IwillbeginbydescribingwhatIoftensee.Promoters,inordertoraisemoneytodevelopnetworksonwhichdigitalassetswilloperate,oftensellthetokensorcoinsratherthansellshares,issuenotesorobtainbankfinancing.But,inmanycases,theeconomicsubstanceisthesameasaconventionalsecuritiesoffering.Fundsareraisedwiththeexpectationthatthepromoterswillbuildtheirsystemandinvestorscanearnareturnontheinstrument–usuallybysellingtheirtokensinthesecondarymarketoncethepromoterscreatesomethingofvaluewiththeproceedsandthevalueofthedigitalenterpriseincreases.Whenweseethatkindofeconomictransaction,itiseasytoapplytheSupremeCourt’s“investmentcontract”testfirstannouncedinSECv.Howey.Thattestrequiresaninvestmentofmoneyinacommonenterprisewithanexpectationofprofitderivedfromtheeffortsofothers.AnditisimportanttoreflectonthefactsofHowey.Ahoteloperatorsoldinterestsinacitrusgrovetoitsguestsandclaimeditwassellingrealestate,notsecurities.Whilethetransactionwasrecordedasarealestatesale,italsoincludedaservicecontracttocultivateandharvesttheoranges.Thepurchaserscouldhavearrangedtoservicethegrovethemselvesbut,infact,mostwerepassive,relyingontheeffortsofHowey-in-the-HillsService,Inc.forareturn.Inarticulatingthetestforaninvestmentcontract,theSupremeCourtstressed:“Formdisregardedforsubstanceandtheemphasisplaceduponeconomicreality.”Sothepurportedrealestatepurchasewasfoundtobeaninvestmentcontract–aninvestmentinorangegroveswasinthesecircumstancesaninvestmentinasecurity.JustasintheHoweycase,tokensandcoinsareoftentoutedasassetsthathaveauseintheirownright,coupledwithapromisethattheassetswillbecultivatedinawaythatwillcausethemtogrowinvalue,tobesoldlaterataprofit.And,asinHowey–whereinterestsinthegrovesweresoldtohotelguests,notfarmers–tokensandcoinstypicallyaresoldtoawideaudienceratherthantopersonswhoarelikelytousethemonthenetwork.IntheICOsIhaveseen,overwhelmingly,promoterstouttheirabilitytocreateaninnovativeapplicationofblockchaintechnology.LikeinHowey,theinvestorsarepassive.Marketingeffortsarerarelynarrowlytargetedtotokenusers.Andtypicallyattheoutset,thebusinessmodelandveryviabilityoftheapplicationisstilluncertain.Thepurchaserusuallyhasnochoicebuttorelyontheeffortsofthepromotertobuildthenetworkandmaketheenterpriseasuccess.Atthatstage,thepurchaseofatokenlooksalotlikeabetonthesuccessoftheenterpriseandnotthepurchaseofsomethingusedtoexchangeforgoodsorservicesonthenetwork.Asanaside,youmightask,giventhatthesetokensalesoftenlooklikesecuritiesofferings,whyarethepromoterschoosingtopackagetheinvestmentasacoinortokenoffering?Thisisanespeciallygoodquestionifthenetworkonwhichthetokenorcoinwillfunctionisnotyetoperational.Ithinktherecanbeanumberofreasons.Forawhile,somebelievedsuchlabelingmight,byitself,removethetransactionfromthesecuritieslaws.Ithinkpeoplenowrealizelabelinganinvestmentopportunityasacoinortokendoesnotachievethatresult.Second,thislabelingmighthavebeenusedtobringsomemarketing“sizzle”totheenterprise.Thatmightstillworktosomeextent,butthetrackrecordofICOsisstillbeingsortedoutandsomeofthatsizzlemaynowbemoreofapotentialwarningflareforinvestors.Somemaybeattractedtoablockchain-mediatedcrowdfundingprocess.Digitalassetscanrepresentanefficientwaytoreachaglobalaudiencewhereinitialpurchasershaveastakeinthesuccessofthenetworkandbecomepartofanetworkwheretheirparticipationaddsvaluebeyondtheirinvestmentcontributions.Thedigitalassetsarethenexchanged–forsome,tohelpfindthemarketpriceforthenewapplication;forothers,tospeculateontheventure.AsIwilldiscuss,whetheratransactioninacoinortokenonthesecondarymarketamountstoanofferorsaleofasecurityrequiresacarefulandfact-sensitivelegalanalysis.Ibelievesomeindustryparticipantsarebeginningtorealizethat,insomecircumstances,itmightbeeasiertostartablockchain-basedenterpriseinamoreconventionalway.Inotherwords,conducttheinitialfundingthrougharegisteredorexemptequityordebtofferingand,oncethenetworkisupandrunning,distributeorofferblockchain-basedtokensorcoinstoparticipantswhoneedthefunctionalitythenetworkandthedigitalassetsoffer.Thisallowsthetokensorcoinstobestructuredandofferedinawaywhereitisevidentthatpurchasersarenotmakinganinvestmentinthedevelopmentoftheenterprise.ReturningtotheICOsIamseeing,strictlyspeaking,thetoken–orcoinorwhateverthedigitalinformationpacketiscalled–allbyitselfisnotasecurity,justastheorangegrovesinHoweywerenot.Centraltodeterminingwhetherasecurityisbeingsoldishowitisbeingsoldandthereasonableexpectationsofpurchasers.Whensomeonebuysahousingunittolivein,itisprobablynotasecurity.Butundercertaincircumstances,thesameassetcanbeofferedandsoldinawaythatcausesinvestorstohaveareasonableexpectationofprofitsbasedontheeffortsofothers.Forexample,ifthehousingunitisofferedwithamanagementcontractorotherservices,itcanbeasecurity.Similarly,whenaCD,exemptfrombeingtreatedasasecurityunderSection3oftheSecuritiesAct,issoldasapartofaprogramorganizedbyabrokerwhooffersretailinvestorspromisesofliquidityandthepotentialtoprofitfromchangesininterestrates,theGaryPlasticcaseteachesusthattheinstrumentcanbepartofaninvestmentcontractthatisasecurity.Thesamereasoningappliestodigitalassets.Thedigitalassetitselfissimplycode.Butthewayitissold–aspartofaninvestment;tonon-users;bypromoterstodeveloptheenterprise–canbe,and,inthatcontext,mostoftenis,asecurity–becauseitevidencesaninvestmentcontract.Andregulatingthesetransactionsassecuritiestransactionsmakessense.TheimpetusoftheSecuritiesActistoremovetheinformationasymmetrybetweenpromotersandinvestors.Inapublicdistribution,theSecuritiesActprescribestheinformationinvestorsneedtomakeaninformedinvestmentdecision,andthepromoterisliableformaterialmisstatementsintheofferingmaterials.Theseareimportantsafeguards,andtheyareappropriateformostICOs.ThedisclosuresrequiredunderthefederalsecuritieslawsnicelycomplementtheHoweyinvestmentcontractelementabouttheeffortsofothers.Asaninvestor,thesuccessoftheenterprise–andtheabilitytorealizeaprofitontheinvestment–turnsontheeffortsofthethirdparty.Solearningmaterialinformationaboutthethirdparty–itsbackground,financing,plans,financialstakeandsoforth–isaprerequisitetomakinganinformedinvestmentdecision.Withoutaregulatoryframeworkthatpromotesdisclosureofwhatthethirdpartyaloneknowsofthesetopicsandtherisksassociatedwiththeventure,investorswillbeuninformedandareatrisk.Butthisalsopointsthewaytowhenadigitalassettransactionmaynolongerrepresentasecurityoffering.Ifthenetworkonwhichthetokenorcoinistofunctionissufficientlydecentralized–wherepurchaserswouldnolongerreasonablyexpectapersonorgrouptocarryoutessentialmanagerialorentrepreneurialefforts–theassetsmaynotrepresentaninvestmentcontract.Moreover,whentheeffortsofthethirdpartyarenolongerakeyfactorfordeterminingtheenterprise’ssuccess,materialinformationasymmetriesrecede.Asanetworkbecomestrulydecentralized,theabilitytoidentifyanissuerorpromotertomaketherequisitedisclosuresbecomesdifficult,andlessmeaningful.Andso,whenIlookatBitcointoday,Idonotseeacentralthirdpartywhoseeffortsareakeydeterminingfactorintheenterprise.ThenetworkonwhichBitcoinfunctionsisoperationalandappearstohavebeendecentralizedforsometime,perhapsfrominception.ApplyingthedisclosureregimeofthefederalsecuritieslawstotheofferandresaleofBitcoinwouldseemtoaddlittlevalue.AndputtingasidethefundraisingthataccompaniedthecreationofEther,basedonmyunderstandingofthepresentstateofEther,theEthereumnetworkanditsdecentralizedstructure,currentoffersandsalesofEtherarenotsecuritiestransactions.And,aswithBitcoin,applyingthedisclosureregimeofthefederalsecuritieslawstocurrenttransactionsinEtherwouldseemtoaddlittlevalue.Overtime,theremaybeothersufficientlydecentralizednetworksandsystemswhereregulatingthetokensorcoinsthatfunctiononthemassecuritiesmaynotberequired.Andofcoursetherewillcontinuetobesystemsthatrelyoncentralactorswhoseeffortsareakeytothesuccessoftheenterprise.Inthosecases,applicationofthesecuritieslawsprotectstheinvestorswhopurchasethetokensorcoins.Iwouldliketoemphasizethattheanalysisofwhethersomethingisasecurityisnotstaticanddoesnotstrictlyinheretotheinstrument.Evendigitalassetswithutilitythatfunctionsolelyasameansofexchangeinadecentralizednetworkcouldbepackagedandsoldasaninvestmentstrategythatcanbeasecurity.IfapromoterweretoplaceBitcoininafundortrustandsellinterests,itwouldcreateanewsecurity.Similarly,investmentcontractscanbemadeoutofvirtuallyanyasset(includingvirtualassets),providedtheinvestorisreasonablyexpectingprofitsfromthepromoter’sefforts.Letmeemphasizeanearlierpoint:simplylabelingadigitalasseta“utilitytoken”doesnotturntheassetintosomethingthatisnotasecurity.IrecognizethattheSupremeCourthasacknowledgedthatifsomeoneispurchasinganassetforconsumptiononly,itislikelynotasecurity.But,theeconomicsubstanceofthetransactionalwaysdeterminesthelegalanalysis,notthelabels.TheorangesinHoweyhadutility.Orinmyfavoriteexample,theCommissionwarnedinthelate1960saboutinvestmentcontractssoldintheformofwhiskywarehousereceipts.PromoterssoldthereceiptstoU.S.investorstofinancetheagingandblendingprocessesofScotchwhisky.Thewhiskywasreal–and,forsome,hadexquisiteutility.ButHoweywasnotsellingorangesandthewarehousereceiptspromoterswerenotsellingwhiskyforconsumption.Theyweresellinginvestments,andthepurchaserswereexpectingareturnfromthepromoters’efforts.Promotersandothermarketparticipantsneedtounderstandwhethertransactionsinaparticulardigitalassetinvolvethesaleofasecurity.Wearehappytohelppromotersandtheircounselworkthroughtheseissues.Westandpreparedtoprovidemoreformalinterpretiveorno-actionguidanceaboutthepropercharacterizationofadigitalassetinaproposeduse.Inaddition,werecognizethattherearenumerousimplicationsunderthefederalsecuritieslawsofaparticularassetbeingconsideredasecurity.Forexample,ourDivisionsofTradingandMarketsandInvestmentManagementarefocusedonsuchissuesasbroker-dealer,exchangeandfundregistration,aswellasmattersofmarketmanipulation,custodyandvaluation.Weunderstandthatmarketparticipantsareworkingtomaketheirservicescompliantwiththeexistingregulatoryframework,andwearehappytocontinueourengagementinthisprocess.Whataresomeofthefactorstoconsiderinassessingwhetheradigitalassetisofferedasaninvestmentcontractandisthusasecurity?Primarily,considerwhetherathirdparty–beitaperson,entityorcoordinatedgroupofactors–drivestheexpectationofareturn.Thatquestionwillalwaysdependontheparticularfactsandcircumstances,andthislistisillustrative,notexhaustive:Isthereapersonorgroupthathassponsoredorpromotedthecreationandsaleofthedigitalasset,theeffortsofwhomplayasignificantroleinthedevelopmentandmaintenanceoftheassetanditspotentialincreaseinvalue?Hasthispersonorgroupretainedastakeorotherinterestinthedigitalassetsuchthatitwouldbemotivatedtoexpendeffortstocauseanincreaseinvalueinthedigitalasset?Wouldpurchasersreasonablybelievesucheffortswillbeundertakenandmayresultinareturnontheirinvestmentinthedigitalasset?Hasthepromoterraisedanamountoffundsinexcessofwhatmaybeneededtoestablishafunctionalnetwork,and,ifso,hasitindicatedhowthosefundsmaybeusedtosupportthevalueofthetokensortoincreasethevalueoftheenterprise?Doesthepromotercontinuetoexpendfundsfromproceedsoroperationstoenhancethefunctionalityand/orvalueofthesystemwithinwhichthetokensoperate?Arepurchasers“investing,”thatisseekingareturn?Inthatregard,istheinstrumentmarketedandsoldtothegeneralpublicinsteadoftopotentialusersofthenetworkforapricethatreasonablycorrelateswiththemarketvalueofthegoodorserviceinthenetwork?DoesapplicationoftheSecuritiesActprotectionsmakesense?Isthereapersonorentityothersarerelyingonthatplaysakeyroleintheprofit-makingoftheenterprisesuchthatdisclosureoftheiractivitiesandplanswouldbeimportanttoinvestors?Doinformationalasymmetriesexistbetweenthepromotersandpotentialpurchasers/investorsinthedigitalasset?Dopersonsorentitiesotherthanthepromoterexercisegovernancerightsormeaningfulinfluence?Whilethesefactorsareimportantinanalyzingtheroleofanythirdparty,therearecontractualortechnicalwaystostructuredigitalassetssotheyfunctionmorelikeaconsumeritemandlesslikeasecurity.Again,wewouldlooktotheeconomicsubstanceofthetransaction,butpromotersandtheircounselsshouldconsiderthese,andother,possiblefeatures.ThislistisnotintendedtobeexhaustiveandbynomeansdoIbelieveeachandeveryoneofthesefactorsneedstobepresenttoestablishacasethatatokenisnotbeingofferedasasecurity.Thislistismeanttopromptthinkingbypromotersandtheircounsel,andstartthedialoguewiththestaff–itisnotmeanttobealistofallnecessaryfactorsinalegalanalysis.Istokencreationcommensuratewithmeetingtheneedsofusersor,rather,withfeedingspeculation?Areindependentactorssettingthepriceoristhepromotersupportingthesecondarymarketfortheassetorotherwiseinfluencingtrading?Isitclearthattheprimarymotivationforpurchasingthedigitalassetisforpersonaluseorconsumption,ascomparedtoinvestment?Havepurchasersmaderepresentationsastotheirconsumptive,asopposedtotheirinvestment,intent?Arethetokensavailableinincrementsthatcorrelatewithaconsumptiveversusinvestmentintent?Arethetokensdistributedinwaystomeetusers’needs?Forexample,canthetokensbeheldortransferredonlyinamountsthatcorrespondtoapurchaser’sexpecteduse?Aretherebuilt-inincentivesthatcompelusingthetokenspromptlyonthenetwork,suchashavingthetokensdegradeinvalueovertime,orcanthetokensbeheldforextendedperiodsforinvestment?Istheassetmarketedanddistributedtopotentialusersorthegeneralpublic?Aretheassetsdispersedacrossadiverseuserbaseorconcentratedinthehandsofafewthatcanexertinfluenceovertheapplication?Istheapplicationfullyfunctioningorinearlystagesofdevelopment?TheseareexcitinglegaltimesandIampleasedtobepartofaprocessthatcanhelppromotersofthisnewtechnologyandtheircounselnavigateandcomplywiththefederalsecuritieslaws.TheSecuritiesandExchangeCommissiondisclaimsresponsibilityforanyprivatepublicationorstatementofanySECemployeeorCommissioner.Thisspeechexpressestheauthor’sviewsanddoesnotnecessarilyreflectthoseoftheCommission,theCommissionersorothermembersofthestaff.Section2(a)(1)oftheSecuritiesActof1933(SecuritiesAct)andSection3(a)(10)oftheSecuritiesExchangeActof1934(ExchangeAct)define“security.”Thesedefinitionscontain“slightlydifferentformulations”oftheterm“security,”buttheU.S.SupremeCourthas“treatedasessentiallyidenticalinmeaning.”SECv.Edwards,540U.S.389,393(2004).Iamusingtheterm“promoters”inabroad,genericsense.Theimportantfactorinthelegalanalysisisthatthereisapersonorcoordinatedgroup(including“anyunincorporatedorganization”see5U.S.C.§77n(a)(4))thatisworkingactivelytodeveloporguidethedevelopmentoftheinfrastructureofthenetwork.Thispersonorgroupcouldbefounders,sponsors,developersor“promoters”inthetraditionalsense.Thepresenceofpromotersinthiscontextisimportanttodistinguishfromthecircumstancewheremultiple,independentactorsworkonthenetworkbutnoindividualactor’sorcoordinatedgroupofactors’effortsareessentialeffortsthataffectthefailureorsuccessoftheenterprise.SECv.W.J.HoweyCo.,328U.S.293(1946).Dependingonthefeaturesofanygiveninstrumentandthesurroundingfacts,itmayalsoneedtobeevaluatedasapossiblesecurityunderthegeneraldefinitionofsecurity–seefootnote2–andthecaselawinterpretingit.Id.at298.UnitedHousingFound.,Inc.v.Forman,421U.S.837(1975).GuidelinesastotheApplicabilityoftheFederalSecuritiesLawstoOffersandSalesofCondominiumsorUnitsinaRealEstateDevelopment,SECRel.No.33-5347(Jan.4,1973).GaryPlasticPackagingCorp.v.MerrillLynch,Pierce,Fenner&Smith,Inc.,756F.2d230(2dCir.1985).Secondarytradingindigitalassetsbyregulatedentitiesmayotherwiseimplicatethefederalsecuritieslaws,aswellastheCommodityExchangeAct.Inaddition,asSECChairmanJayClaytonhasstated,regulatedfinancialentitiesthatallowforpaymentincryptocurrencies,allowcustomerstopurchasecryptocurrenciesonmarginorotherwiseusecryptocurrenciestofacilitatesecuritiestransactionsshouldexercisecaution,includingensuringthattheircryptocurrencyactivitiesarenotunderminingtheiranti-moneylaunderingandknow-your-customerobligations.StatementonCryptocurrenciesandInitialCoinOfferings(Dec.11,2017).Inaddition,otherlawsandregulations,suchasIRSregulationsandstatemoneyservicinglaws,maybeimplicated.TheSupremeCourt’sinvestmentcontracttest“embodiesaflexibleratherthanastaticprinciple,onethatiscapableofadaptationtomeetthecountlessandvariableschemesdevisedbythosewhoseektheuseofthemoneyofothersonthepromiseofprofits.”Howey,328U.S.at299.“henamegiventoaninstrumentisnotdispositive.”Forman,421U.S.at850.Forman,421U.S.at853.Seefootnotes10and11.SECRel.No.33-5018(Nov.4,1969);InvestmentinInterestsinWhisky,SECRel.No.33-5451(Jan7,1974).Forexample,somehaveraisedquestionsabouttheofferingstructurecommonlyreferredtoasaSimpleAgreementforFutureTokens,or“SAFT.”Becausethelegalanalysismustfollowtheeconomicrealitiesoftheparticularfactsofanoffering,itmaynotbefruitfultodebateahypotheticalstructureintheabstractandnothingintheseremarksismeanttoopineonthelegalityorappropriatenessofaSAFT.Fromthediscussioninthisspeech,however,itisclearIbelieveatokenonceofferedinasecurityofferingcan,dependingonthecircumstances,laterbeofferedinanon-securitiestransaction.Iexpectthatsome,perhapsmany,maynot.IencourageanyonethathasquestionsonaparticularSAFTstructuretoconsultwithknowledgeablesecuritiescounselorthestaff.
Coinbase回應SEC:明確立法才是解決方案,Coinabse將照常經營業務:6月6日消息,Coinbase 首席法律官兼總法律顧問 Paul Grewal 針對 SEC 訴訟一事發布回應表示,在沒有明確的數字資產行業規則的情況下,美國證券交易委員會的執法行為損害了美國的經濟競爭力,也損害了像 Coinbase 這樣對合規性有明確承諾的公司。解決方案是立法,允許透明地制定公平的道路規則,而不是訴訟。與此同時,我們將繼續照常經營業務。[2023/6/6 21:20:11]
SEC:Binance實施多步驟計劃逃脫美國法律制裁,首席合規官稱不希望Binance受到監管:6月6日消息,SEC 在針對 Binance 的訴訟文件中提到,從 2018 年或前后開始,為了逃避美國聯邦證券法的注冊要求,Binance 在 CZ 的控制下設計并實施了一項多步驟計劃以秘密逃脫美國法律制裁。Binance 的首席合規官承認,我們永遠不希望 Binance 受到監管。[2023/6/6 21:17:38]
美國SEC指控Thor Technologies及其聯創發售260萬美元非法證券:金色財經報道,美國證券交易委員會(SEC)指控Thor Technologies及其聯合創始人David Chin、Matthew Moravec通過ICO進行未經注冊的證券發行,金額達260萬美元。2018年,該公司鑄造并出售代幣,為其“零工經濟平臺”籌集資金,當時該平臺的開發甚至還沒有開始。針對Thor和Chin的訴訟已提交給美國加州北區地方法院。
第二起訴訟稱,Matthew Moravec也參與未注冊的代幣發行和銷售。他已同意與SEC達成和解,并接受一項判決,要求他交出407,103美元,外加72,209.45美元的判決前利息,并支付9.5萬美元的民事罰款。Moravec還將被禁止在三年內參與加密資產發行。(Bitcoin.com)[2022/12/26 22:08:12]
加密貨幣服務提供商CompoSecure成為羅素2000和羅素3000指數成分股:6月27日消息,高級金融支付卡和加密貨幣存儲和安全解決方案提供商CompoSecure宣布,被納入富時羅素(FTSE Russell)旗下美國小盤股Russell 2000和Russell 3000指數,作為2022年羅素指數年度重組的一部分,自美國市場今天開盤后生效。(Business Wire)[2022/6/27 1:34:24]
澳大利亞比特幣礦業公司 Iris Energy向美國SEC申請IPO:金色財經報道,澳大利亞比特幣礦業公司 Iris Energy 向美國證券交易委員會 (SEC) 申請了首次公開募股 (IPO),以籌集至多 1 億美元。這家總部位于悉尼的公司周一表示,它打算在納斯達克市場上市,股票代碼為“IREN”。預計這些股票將于今年晚些時候開始交易。摩根大通、Canaccord Genuity、花旗集團、Macquarie Capital 和 Cowen 是此次交易的聯合賬簿管理人。(coindesk)[2021/10/26 20:59:08]
星球日報獲悉,區塊鏈媒體“一本區塊鏈”宣布已于近日完成1000萬元天使輪融資,由英諾天使基金領投,中關村大河資本、神州數字資本及歌者資本跟投。資金將主要用于搭建內容團隊和社區運營.
1900/1/1 0:00:00每次談到構建區塊鏈生態,大部分項目還都秉承著公鏈開放、去中心化的精神。而我近期接觸的區塊鏈積分服務商“鏈斯達克”提出了“實體通證”的概念,希望基于一定的篩選標準屏蔽掉“空氣項目”,依靠聯盟鏈、A.
1900/1/1 0:00:00柯達以攝影膠片廣為人知,伴隨著數碼時代的到來,膠片逐漸消逝在人們的視野中,柯達也在2012年申請破產保護。但從最近的動向看來,這家老牌膠片公司想要借前沿的區塊鏈技術翻身.
1900/1/1 0:00:00文|趙歡鑫編輯|彬萌前幾天,“羅永浩稱區塊鏈手機一定會做”的標題登上了不少媒體的頭條。而除了早已習慣身處風口浪尖的老羅,區塊鏈+硬件故事的講述者,著實不少.
1900/1/1 0:00:00國內監管寒冬下,紛紛出海的中國礦工們正在東南亞面臨新的“礦難”。據Bitcoin.com與獵云網報道,在緬甸/越南等地,即使有低廉的電力費用加持,中國礦工們仍然面臨著高昂的配件成本和運營維護成本.
1900/1/1 0:00:00去年,線上娃娃機被推到風口,當時36氪采訪了娃娃機領域的一個項目創始人嘉木,他認為,娃娃機還有一定的增量空間,娃娃機向上下游延伸的話,還有IP和供應鏈金融的故事可講.
1900/1/1 0:00:00