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Cryptocurrency is an outdated term that only describes a small fraction of cryptos...
Crypto Briefing
by Brian Penny
Updated 5/26/2018
Excerpt:
BitShares dove head on into the forefront of the battle to regulate cryptocurrencies. Ethereum and Bitcoin are being reviewed by the Securities and Exchange Commission to determine the key differences that indicate a crypto token is acting as a security. Many crypto exchanges are rushing to either submit the proper forms to become SEC-approved exchanges or pull out of the U.S. market altogether
Whether cryptos act as a security, commodity, or currency is hotly being debated for many of the top 100 cryptos. However, even in the U.S., the entire industry isn’t being painted with broad strokes. Regulators like the SEC and DOJ are carefully researching and classifying cryptos, blockchains, ICOs, and exchanges on an individual basis.
BitShares was created in July 2014 to act as a cryptocurrency currency exchange system. It’s the brainchild of Steem and EOS cofounder/CTO Daniel Larmier, along with Ethereum and Cardano cofounder Charles Hoskinson. Along with Steem, BitShares uses a Graphene layer (more on that below) and both are among the most active blockchains on the market.
It’s also a part of the Microsoft Azure Blockchain as a Service Package. Before deciding if BitShares can survive government regulations and outlast cryptocurrency exchanges like Coinbase and Binance, let’s review the BTS coin and tokens.
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View the complete article at:
https://cryptobriefing.com/what-is-b...-to-bitshares/
Crypto Briefing
by Brian Penny
Updated 5/26/2018
Excerpt:
BitShares dove head on into the forefront of the battle to regulate cryptocurrencies. Ethereum and Bitcoin are being reviewed by the Securities and Exchange Commission to determine the key differences that indicate a crypto token is acting as a security. Many crypto exchanges are rushing to either submit the proper forms to become SEC-approved exchanges or pull out of the U.S. market altogether
Whether cryptos act as a security, commodity, or currency is hotly being debated for many of the top 100 cryptos. However, even in the U.S., the entire industry isn’t being painted with broad strokes. Regulators like the SEC and DOJ are carefully researching and classifying cryptos, blockchains, ICOs, and exchanges on an individual basis.
BitShares was created in July 2014 to act as a cryptocurrency currency exchange system. It’s the brainchild of Steem and EOS cofounder/CTO Daniel Larmier, along with Ethereum and Cardano cofounder Charles Hoskinson. Along with Steem, BitShares uses a Graphene layer (more on that below) and both are among the most active blockchains on the market.
It’s also a part of the Microsoft Azure Blockchain as a Service Package. Before deciding if BitShares can survive government regulations and outlast cryptocurrency exchanges like Coinbase and Binance, let’s review the BTS coin and tokens.
.................................................. .....
View the complete article at:
https://cryptobriefing.com/what-is-b...-to-bitshares/