Ethereum ecosystem in 60 seconds
Filecoin claims its pre-ICO sale of $52 million shows that an ICO can be both SEC compliant and raise robust capital. Their process included selling only to accredited investors who were required to sign a Private Placement Memorandum (SAFT) which limits their ability to sell tokens until they are vested.
For details: https://cointelegraph.com/news/is-there-such-a-thing-as-a-sec-compliant-ico-filecoin-thinks-so-raises-52-mln
ETHWaterloo plans to keep its status as the biggest Ethereum hackathon by giving talented developers a chance this October to work with leaders like Vitalik Buterin and Joseph Lubin, all based on an optimistic forecast that the Ethereum market will maintain its growth.
For details: https://cointelegraph.com/news/ethwaterloo-seeking-up-and-coming-eth-developers
Institutional players with massive liquidity are just beginning to enter the ICO market, with ex-Morgan Stanley CEO planning to raise $950 million in an ICO, according to The Merkle. The ICO is for Omega One, a platform that would aggregate liquidity across crypto exchanges as a bridge for institutional investors.
For details: https://themerkle.com/ico-bubble-is-just-starting-ex-morgan-stanley-ceo-to-raise-950-million/
According to analysis by Cointelegraph, Ether price has potential to surge past $3,700, but several things need to occur: (1) the Raiden Network to amp up the network’s transaction per second; (2) Ether becomes a value of exchange; (3) Proof of Stake to bring in more investors; (4) clear regulatory SEC framework for token sales
For details: https://cointelegraph.com/news/ethereum-price-can-reach-2000-if-this-happens
S7, Russia’s largest domestic airline, launches payment and ticketing system that exclusively use Ethereum smart contracts.
For details: https://ebitnews.com/analysis/russian-airline-launches-new-blockchain-based-ticket-system/
**AMD’s software driver update may allow Vega Frontier card users to mine Ethereum at 70 MH/s, which would make it the most powerful crypto mining card to date. **
For details: https://themerkle.com/amd-driver-update-allegedly-allows-vega-frontier-users-to-mine-ethereum-at-70mh/
SEC’s ICO guidance offers broad principles-based regulatory framework with Howey securities test, but some say what’s needed are rules-based guidance, like orders, administrative proceedings, and amicus briefs.
For details: https://www.coindesk.com/every-token-snowflake-secs-ico-guidance-isnt-enough/