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When will the “crypto winter” be over? Crypto-spring may be around

When will the “crypto winter” be over? Crypto-spring may be around

Valerie Szczepanik, deputy director of corporation finance at the U.S.A. Securities and Exchange Commission that it is confident that the crypto market will soon overcome the “crypto winter” and the crypto markets will soon flourish again.

The kind of treatment crypto should have

Ms. Szczepanik commented that over time, the SEC is becoming more and more aware of what kind of cryptocurrencies and what kind of treatment they should provide for all the different types of cryptocurrencies. This clarity in the criteria of the regulatory authorities will directly lead to a strengthening of the crypto markets by increasing the security and the trust of the users:

If we hope to smell the crypto-spring, it will be necessary for people to talk to the authorities. But I believe that crypto-spring will come.

About Szczepanik

In 2018, Valerie Szczepanik was assigned the position of Deputy Director, enabling the SEC to gain greater control over the crypto market and Initial Coin Offerings (ICOs).

What is SEC up to?

The SEC is currently preparing to launch a nationwide tour that will allow its FinHub department to meet with crypto start-ups and fintech companies to meet the regulatory requirements and implementation and usage restrictions from the Commission’s point of view to discuss cryptocurrencies. The meetings will be organized by Szczepanik who will discuss regulation at the next meetings directly with the crypto startups.

The purpose of these personal meetings — called “Local P2P” on the FinHub website — is to help crypto start-ups “give the regulator a human face” she adds: “We really want to work with people who are trying to be innovative in this area and they should know that it is usually a positive experience. I hope that this will continue at the local level, as not everyone has D.C. or New York can travel”.

FinHub, the answer

Senior US regulators have consistently insisted that regulators need to better understand cryptocurrencies and blockchain in order to create a favorable environment that fosters innovation and does not slow down its growth. FinHub is SEC’s answer to this question.

Why is SEC important in the US?

From the point of view of cryptocurrency owners and investors, the SEC plays a particularly important role, as it is responsible in the US for determining whether a particular token or an ICO is a security or not. This has become particularly important in known cases such as Ethereum and XRP. In addition, the SEC is also responsible for determining whether there are appropriate conditions for the approval of a Bitcoin ETFs Bitcoin ETFs.

Published at Wed, 01 May 2019 22:51:58 +0000

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Dentacoin – Dental Crypto Bringing Smiles to Investors

With all of the attention focused largely on bitcoin and Ethereum it can be hard to find solid news on other cryptocurrencies with good potential. The big buck players get all of the limelight and the sub-dollar altcoins often get swamped with spurious tweets from questionable sources or social media FUD.


One such altcoin that has been making moves recently is Dentacoin, a dental industry based cryptocurrency. According to reports, the blockchain that touts itself as the ‘future of dentistry’ has shot up 900% in just a few days. The price spike has taken it into the top 30 crypto list by market capacity where it currently sits in the 26th position.

Penny Stocks

Comparable to the low priced shares that have the potential to jump, these sub-cent altcoins often show similar chart patterns. DCN was trading at $0.0007 on January 5 and has now jumped to $0.007, it has risen a further 175% in the past 24 hours. Its recent spurt pushed the market capacity for this relatively unknown altcoin to over $2 billion.

Dentacoin is an extremely high volume crypto with 1.8 trillion of them, and 325 billion in circulation which lends to the notion that it would be difficult for something like this to climb to over a dollar. The ICO was launched in October where the company offered 3% of its total token amount.

Currently, Europe’s HitBTC carries the lion’s share of the trading in DCN with almost 90% of the total volume. Around $48 million has been traded in the past 24 hours.

[youtube https://www.youtube.com/watch?v=aJc9cIYFbH0?feature=oembed&w=500&h=281]

Reason to Smile

Since its inception in late 2017 Dentacoin has already acquired a number of partners including F3T Dental Clinic in the UK, Swiss Dentaprime in Bulgaria, India’s Dentech Dental Care, and Mr. Iteeth from Taiwan. According to the editor of the UK’s Dentistry.co.uk:

It’s amazing that the most fashionable financial instrument of the moment ‘cryprocurrency’ has come to dentistry…and the global financial markets seem to like it, at least so far. Over the past month Dentacoin has been one of the top blockchain currencies in the world, performing far better than famous alternatives such as bitcoin.

The site went on to describe the mission of the Dentacoin Foundation as the advancement of dental health through blockchain technologies to provide equal access to high quality dental care to all individuals, despite their income.

Aside from altcoin mania there seems to be no other reason for the recent spike in the chart, the latest Tweet from Dentacoin only mentioned ‘more good news tomorrow’ as many others have done.

https://platform.twitter.com/widgets.js

Will you be buying into Dentacoin or is it just another pump and dump? Share your comments below.


Images courtesy of AdobeStock

The post Dentacoin – Dental Crypto Bringing Smiles to Investors appeared first on Bitcoinist.com.

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