Connections. Compliance. Cap Tables.
The Digital Asset Review
JUNE 25, 2019

"The U.S. Senate Committee on Banking, Housing and Urban Affairs considered testimony from non-government organizations about how draft legislation that would require businesses to report beneficial ownership information might impact small businesses.

The Committee heard previously from the Financial Crimes Enforcement Network ("FinCEN"), the FBI and the Office of the Comptroller of the Currency ("OCC") on the benefits of collecting beneficial ownership information. "

"The current ethereum virtual machine is expected to be upgraded in the long-term to WebAssembly code, which offers developers greater flexibility when it comes to programming language and performance.

EIP 1702 suggests introducing a new methodology for hard forks called “account versioning” so that upgrading the ethereum virtual machine or introducing new virtual machines in the network can be easier. "

With the recent unveiling of Facebook’s Libra cryptocurrency raising regulatory questions, France is forming a task force within the Group of Seven (G7) nations to examine the issues.

Reuters reports Friday, that the governor of the French central bank, Francois Villeroy de Galhau, indicated the crypto task force would be headed by European Central Bank board member Benoit Coeure and would look at how cryptocurrencies are regulated to avoid money laundering and other problems. "

"Slack's journey to the public market was unconventional, with its Thursday direct listing that eschewed the traditional initial public offering process. 

A prominent venture capitalist, Benchmark Capital partner Bill Gurley, is now applauding the launch, pushing the direct listing approach, and even boosting one of Slack's financial advisers in the process.

"If your company is interested in a direct-listing, recommend you call Morgan Stanley," Gurley said Thursday in a tweet thread. "Other banks want to position direct listings as 'exceptional' or 'rare.' MS believes they are 1) a better mousetrap, and 2) can be used broadly.'"

"The reality is that raising money based on either outright fabrication or by materially misrepresenting the business can be attacked both by criminal prosecution and civil litigation. Securities laws provide help in that regard in cases where the representations made by the issuer deviate from what is required, and those representations are material to the investment decision.

When required disclosures are not relevant to the investment decision, those rules provide little help. This leads directly to the second point: "

"Bitcoin "has proven time and time again" that it is "the dominant crypto currency with a cross-cultural appeal," said [Dave] Hendricks. 

Thousands of digital assets have been created over the years, but bitcoin is certainly the largest, its total market capitalization (market cap) surpassing $190 billion at the time of this writing.

"Many see BTC as a strong store of value that has repeatedly (and parabolically) increased in value and reaches new ATHs after what have looked like catastrophic falls," he stated.  "

Seattle-based Stably had its flagship StableUSD listed on Binance DEX as a native BEP2 crypto-asset—USDSB.

The addition opens up opportunities for on-chain trading on the DEX, providing traders with an additional tool for hedging against volatility or redeeming their crypto for fiat. A stablecoin on Binance DEX also opens up a host of algorithmic and automated trading strategies.

CryptoSlate reached out to Kory Hoang, the CEO and founder of Stably, for comment on the listing: "

Dave Hendricks is the Co-Founder & CEO of Vertalo. In this conversation, Dave and Anthony Pompliano discuss the structural issues in the legacy system, how we can fix them, what it means to tokenize venture funded companies, and how you at home could benefit from this movement.