Nasdaq CEO Adena Friedman recently claimed that initial coin offerings (ICOs) pose “serious risks” for retail investors, CNBC reports June 20.
Speaking at the Future of Fintech conference in New York on Wednesday, Friedman expressed “real concern” about ICO projects, saying that they can seriously defraud retail investors.
Friedman said this is mostly the result of insufficient public information, as well as a lack of transparency, regulation, and accountability.
Friedman emphasized that ICO scam victims are usually beginner investors that have almost no access to information.
Friedman also said that she sympathized with the SEC’s claims that ICOs are securities offerings adding, “ I support the SEC on that.”
A new consumer advocacy group is asking retail crypto investors to promote pro-crypto legislation to their Congressional representatives.
The post Digital Currency Trader’s Alliance Lobbies Retail Investors to Oppose SEC Crackdown appeared first on BeInCrypto.
Singapore is planning to introduce new regulations that will tighten the trade of cryptocurrencies by retail investors, according to one of the country's leading regulatory officials. The step is beinThe post Singapore mulls tightening rules around crypto-trading by retail investors appeared first on AMBCrypto.
On-chain crypto analyst Willy Woo has suggested that a bitcoin futures exchange-traded-fund (ETF) in the United States may be bad for retail investors as it places institutional investors such as hedge funds at an advantage.
Recent studies show that retail investors are having an increasing influence on markets thanks to the digitalization of finance. Events such as the Wallstreet Bets episode and the unexpected surge in the price of Dogecoin are part of a trend that some believe has been going on since 2017.
Retail investors have proven to be a powerful, market-moving force many times over the past several years.
The post Google Trends data shows retail investors may soon flood into the crypto market appeared first on CryptoSlate.
The Financial Conduct Authority (FCA), known as one of the most important financial watchdogs of the United Kingdom, is currently preparing a ban on the sale of crypto derivative assets to retail investors in the country.
Bears decimated the Bitcoin price in 2018. Throughout yesteryear, the value of BTC fell by upwards of 70%, as blood flowed from the rotting carcasses of the crypto bulls. However, retail investors in it for the long haul have continued to squirrel away cryptocurrency holdings, even as this nascent market remains in a tumultuous, unpredictable state.
Why Are Retail Investors Important For The Crypto Space? Retail investors are the group that is mostly responsible for getting cryptocurrencies to where they are today. Cryptos only truly blew up after retailers started investing.
Retail will be fine Still, several speakers noted that retail investors will need both help and protection in interacting with the high-risk, high-reward ICO market. These are not wealthy investors, after all, who the SEC treats – in Friedman’s words – “like big boys, big girls.
Local media outlet Kommersant reported last week about two of the largest Russian banks and their plans to offer crypto-based investment options. Alfa-Bank and Sberbank have begun experimenting with new products based on “digital financial assets” or CFA after a meeting last Wednesday.
The recent announcement that Bittrex will allow investors to buy digital coins with the U. S. dollar is the latest in a string of crypto trading trends to move West from Asia.
As such, it seems that while users are eager to take part, they are nervous that the tools that would enable them to vote might put their holdings at risk. “The biggest ‘miss’ in EOS launch is the failure to understand that retail EOS investors will be reluctant to vote with their private keys on
The US Securities and Exchange Commission (SEC) appoints a person in charge of cryptocurrency market and ICO regulation. The main declared aim is to protect retail investors.
Stress tests of major banks have repeatedly failed to uncover serious issues that have led to billions of dollars in losses—decentralized finance changes all of this.
The Alliance of Motion Picture and Television Producers released a memo of its offer to striking writers and actors, with proposed guidelines for AI usage and data transparency.
Explore five emerging trends in deep learning and artificial intelligence: federated learning, GANs, XAI, reinforcement learning and transfer learning.