Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Dec 21, 2018
An Ohio Congressman is Proposing Crypto Regulations

An Ohio Congressman is Proposing Crypto Regulations

Regulatory legislation for cryptocurrencies and initial coin offerings (ICOs) may be getting closer – and Ohio is leading the way. Cleveland.com reported that US Rep. Warren Davidson (R) of Ohio announced legislation at the recent Blockchain Solutions Conference in Cleveland – an event that is part of the city’s Blockland rebranding initiative – that “would prevent [crypto] from being classified as securities but would also allow the federal government to regulate initial coin offerings more effectively.”

Cryptocurrency regulation became a hot-button issue in the wake of 2017’s crypto boom, as the government was forced to confront the potential issues raised by digital currency’s burgeoning popularity. Clarity has been hard to come by – regulations around the world have been piecemeal, though some governing bodies have taken clear stances (without being able to pass clear legislation).

Individual stances from organizations have not added up to a unified, multi-body view. The US Securities and Exchange Commission (SEC) has never wavered in their belief that cryptocurrencies are securities and need to be regulated as such; meanwhile, the Commodity Futures Trading Commission (CFTC) classifies virtual currencies as commodities; the Financial Crimes Enforcement Network treats crypto as money; and the Internal Revenue Service (IRS) views crypto as property, where “profits from selling them are subject to capital gains tax,” says Cointelegraph. States around the US can all classify tokens in different ways, further muddying the regulatory waters.

Davidson has a track record of support for virtual currencies and blockchain – he has been an outspoken proponent of “light touch” regulation of ICOs that would clarify the space’s regulatory framework without creating impediments to growth. His bipartisan legislation “would seek to create an ‘asset class’ for tokens, which would prevent them from being classified as securities, but would also allow the federal government to regulate initial coin offerings more effectively,” reports Cleveland.com.

The moves come at a time that Cleveland is trying to “rebrand [itself] as a national tech hub,” says NPR. The Blockland initiative is designed “to establish Cleveland as a significantly relevant technology center by being a leader in blockchain solutions, with the goal of massively growing employment that benefits the entire Cleveland community.”  

The effort faces significant roadblocks. Cleveland is a manufacturing town, and the planned transition to one of America’s tech capitals is a major shift. As such, a primary focus of the Blockland team is educating the public about blockchain and cryptocurrency. The Blockchain Solutions Conference is a key component of that process, billed as “one of the first blockchain education conferences to provide experiential learning through hands-on coding and real-world problem solving with a focus on solutions for business and government applications.”

Ohio – crypto hub? It seems unlikely. But with impending regulatory legislation from Warren Davidson and the Blockland initiative picking up steam in Cleveland, the Midwestern state is positioning itself as an unlikely ally for digital currencies.

 

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Related Tickers: BTC.X
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 07, 2021
4 Tricks Hedge Funds Use to Get Ahead

4 Tricks Hedge Funds Use to Get Ahead

If the stock market were Major League Baseball, hedge funds and institutional investors would be the pros on championship teams while everyday self-directed investors (SDIs) are the benchwarmers in the minors.It’s how they get ahead, and it’s why 90% of SDIs lose money trying to play (invest and trade) in the major leagues. The 4 tricks we discuss below are rooted in one common theme: they all use Artificial Intelligence and algorithms to generate data and ideas.
John Jacques's Avatar
John Jacques
published in Blogs
Mar 22, 2018
A.I. Stock Market Predictions: Head & Shoulders

A.I. Stock Market Predictions: Head & Shoulders

Statistics for the Head-and-Shoulders Bottom Pattern The days where only hedge funds used algorithms to trade stocks are officially over. Now retail investors can use Artificial Intelligence (A.I.  Here’s an example of the algorithm in action: Late last year, Tickeron’s A.I.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Jul 10, 2020
3 Stocks to Buy if Coronavirus Second Wave Hits

3 Stocks to Buy if Coronavirus Second Wave Hits

By analyzing market trends from the first wave, you can predict behavior for the second. Technology stocks have performed at historic levels this year, but the market is severely overbought.To compensate for that, look at performance during Q1 and Q2, the height of global Covid shutdowns.
Edward Flores's Avatar
Edward Flores
published in Blogs
Feb 06, 2021
How to Become the Millionaire Next Door

How to Become the Millionaire Next Door

The Golden Gate Bridge is always a fixture of these walks too, one of man's most beautiful creations.  As we were walking, at one point she turned to me and said, "Man, I'll never have a million dollars."" My girlfriend is 27 years old and works as a graphic designer, making about $75,000 a year.
Alla Petriaieva's Avatar
Alla Petriaieva
published in Blogs
Feb 23, 2021
Is Ethereum’s Bomb about to Explode?

Is Ethereum’s Bomb about to Explode?

Ethereum’s software is set for an update in October.Until it is finished, participants in the Ethereum blockchain must determine how to delay the difficulty bomb – code that necessitates a steadily increasing amount of computer power to mine blocks and unlock rewards – that is already in place.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Aug 07, 2018
When Is the Next Recession Coming?

When Is the Next Recession Coming?

However, we also know that economists predicted 22 recessions out of 11 that took place since 1945. Are there real recession signs we should watch for?Indeed, the answer is yes, and here are a few very important ones: The first one is almost obvious and known to everyone – it is the Fed.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 22, 2020
Central banks have been buying $2.4 billion in assets every hour for the past two months

Central banks have been buying $2.4 billion in assets every hour for the past two months

Some $17.8 billion has been poured into  bond markets over the past week, the biggest move in more than three months.Around $3.5 billion has been invested into gold, the second largest on record. 
Rick Pendergraft's Avatar
Rick Pendergraft
published in Blogs
Feb 07, 2021
Mid-January Short Interest Report Shows 8 Stocks with Good Fundamentals and High Short Interest
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 10, 2021
How to Start Trading Penny Stocks

How to Start Trading Penny Stocks

Penny stocks have long been marginalized within the professional investment community, oftentimes being painted with a broad brush of simply being “too risky.” Leonardo DiCaprio’s depiction of the penny stock peddling conman, Jordan Belfort, in the Wolf of Wall Street certainly didn’t help.Here are four reasons to start trading them now. Reason #1: Let’s State the Obvious -- Penny Stocks are Cheap A single share of Apple Inc. costs over $350.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 08, 2020
US unemployment rate jumps to 14.7%, the highest in series history

US unemployment rate jumps to 14.7%, the highest in series history

The U.S. economy’s employment fell by -20.5 million in April. The coronavirus crisis led to unemployment rate soaring to 14.7% in the U.S, the highest rate in the Bureau of Labor Statistics-tracked series history that goes back to 1948. However, the figures were better compared to several economists'/analysts' forecasts of 22 million job losses and 16% unemployment rate.  Another unemployment measure that includes those who have stopped looking for work as well as those holding part-time jobs for economic reasons also touched an all-time high of 22.8%.