Jack Dorsey, the former CEO of Twitter and a Bitcoin supporter, ignited a fierce debate on social media by stating that Ethereum (ETH) could be seen as a security.

Dorsey’s comment was met with backlash and ridicule by Udi Wertheimer, a Bitcoin Ordinals developer, who called Dorsey a “clown.”

Dorsey replied by asking Wertheimer to teach him why ETH was not a security.

Wertheimer then shared an old video of Gary Gensler, the Chair of the US Securities Exchange Commission (SEC), saying that ETH was sufficiently decentralized and not a security.

Gabor Gurbacs, a strategy adviser to Tether and VanEck, suggested that Ethereum’s recent switch to proof-of-stake might have changed the SEC’s view on securities laws. This online spat comes amid recent SEC lawsuits against crypto exchanges Binance and Coinbase. The SEC accuses them of offering crypto assets such as Cardano (ADA), Solana (SOL), Polygon (MATIC), Binance Coin (BNB), and others without registering them as securities. 

Dorsey, further stirring the pot, endorsed a screenshot of a 2015 post by Coinbase CEO Brian Armstrong, in which Armstrong dismissed altcoins as a distraction and focused on Bitcoin.

Dorsey also retweeted a video of Jack Mallers, the CEO of Bitcoin Lightning app Strike, criticizing Armstrong for prioritizing altcoins over Bitcoin and the Lightning Network. Interestingly, it is worth noting that while Dorsey was the head of Twitter in 2021, the company sold 140 Ethereum-based nonfungible tokens (NFTs). However, Dorsey himself did not invest in ether at the time. In August 2021, he downplayed Ethereum’s potential to disrupt big tech, further showing his preference for Bitcoin.

SEC’s assessment of Ethereum’s regulatory status Dorsey’s remarks and the resulting controversy are important when the SEC is actively considering the classification of ethereum and other cryptocurrencies.

During a congressional hearing in early February, SEC Chair Gary Gensler admitted that tokens like Ethereum are often sold as investments, which could fall under federal securities law. However, the SEC’s position is unclear. Gensler did not confirm whether ETH should be considered a security or a commodity during a House Financial Services Committee hearing in mid-April. While the SEC has taken action against companies that create tokens on the Ethereum platform and has charged prominent influencers with promoting unregistered securities, an official statement on Ethereum’s classification is still pending.

The commission is carefully evaluating all relevant factors before making a final decision on ETH’s regulatory status, which could potentially affect the entire crypto industry.

#sec #ETH #securitytoken #twitter

If you want to protect your cryptocurrency funds, it's important to take appropriate security measures. Here are 5 key steps to ensure the security of your cryptocurrency assets:

- Use a secure wallet: Make sure to store your cryptocurrency assets in a secure wallet, such as a hardware wallet or paper wallet. Avoid online wallets as they are more vulnerable to hacking attacks.

- Backup your private keys: Private keys are like passwords for your cryptocurrency wallet. It's important to securely backup them, as if you lose them, you'll also lose access to your funds.

- Avoid phishing and scams: Be cautious and avoid emails or messages that ask for your account information or private keys. These are often attempts at phishing or scams.

- Use antivirus and anti-malware protection: Make sure to protect your computer or mobile device with antivirus and anti-malware software to prevent hacking attacks.

- Be aware of risks: Like any investment, cryptocurrencies come with risks. It's important to understand these risks and not invest more than you can afford to lose.

By following these 5 steps, you can minimize risks and ensure the security of your cryptocurrency funds. Remember that the responsibility of the security of your cryptocurrency funds lies entirely with you, so always be vigilant and aware of the risks.

#security #securitytoken #crypto2023

#Metaverse #nftcommunity #crypto2023 #securitytoken

The world of gaming and the blockchain is about to be revolutionized with the emergence of the Metaverse, a digital world where people can live, work, and play in an immersive environment. And among the many projects that aim to lead this new era of gaming is XLANTIS, an open-world, multi-platform, single and multiplayer gaming ecosystem.

Using Unreal Engine 5 with Pixel Streaming, XLANTIS offers photorealistic and gamified looks that replicate physical worlds in digital form, so real-world locations can be enjoyed virtually. But XLANTIS is not just about the graphics; it's about the experience.

XLANTIS offers a unique opportunity for gamers to become digital landowners, with ownership benefits linked to real-world assets and properties. Players can buy, lease, rent, or even upload digital products to their customizable store, with the option of both physical and digital products. This ownership economy empowers players to create their own entertainment and benefit from it.

But XLANTIS is not just about real estate; it offers a range of experiences, including sports, entertainment, and virtual concerts. The XLANTIS Sports Ecosystem offers gamified, rewarding loyalty applications with major sports clubs, allowing fans to have virtual experiences, special access, and win prizes and amazing experiences across eight categories of sports, including extreme sports and martial arts.

And for music lovers, virtual concerts are available in XLANTIS, where they can engage with their favorite artists both physically and virtually. This new type of entertainment blurs the line between the real and the virtual, creating a new form of social interaction.

XLANTIS is powered by XMANNA, which integrates its Gaming SDK to allow for easy incorporation of fiat and fiat wallet, PVP challenge and tournaments system, and rewards into the game without any knowledge of handling transactions of fiat or crypto. All types of skilled mobile games can join the next age of gaming on the blockchain and be upgraded and plugged into the XMANNA ecosystem, including single player connected, asynchronous multiplayer, and rewards.

XMANNA's Loyalty Applications incentivize sports fans to engage with their favorite teams through gaming and rewards, bridging the disconnect between fans and their teams. It's a white-label solution for teams that can be customized per team to cater to what they want to bring to their fans.

XMANNA prioritizes empowering the ownership economy by putting all of its fans first, including end-users, clubs, teams, and sponsors. 40% of all net profits are going back to the user in the form of prizes and rewards. And with XMANNA partnering with major sports teams to digitize their stadiums, a new type of engaging experience with the team is set to be created.

In summary, XLANTIS and XMANNA are leading the charge in the next era of engagement. By offering a range of experiences, from real estate to sports and entertainment, they empower gamers and fans to create their own entertainment and benefit from it. With the Metaverse narrative yet to show its full potential in the crypto world, XLANTIS is a project that has all the ingredients for becoming the top player in that field.

In the dynamic world of digital finance, Security Token Offerings (STOs) have emerged as an exciting new way to raise funds and democratize investment opportunities. Through the tokenization of real assets on the blockchain, STOs offer transparency, accessibility, and revolutionary potential in financial markets.
In this article, we'll explain how to launch an STO.

Launching an STO goes beyond simply tokenizing an asset. Issuers must follow best practices to ensure regulatory compliance and attract the right investors. Furthermore, it is essential to build a solid foundation that will ensure your long-term success.
If you are interested in harnessing the potential of STOs, this article will provide you with a practical guide to navigate the process efficiently and effectively.

What is an STO?
An #STO , or Security Token Offering, is an innovative way to raise funds by issuing tokens that represent ownership or rights to an underlying asset.
Unlike ICOs (Initial Coin Offerings), STOs comply with securities regulations, giving investors greater protection and transparency in the financial market.

Security tokens purchased in an STO give investors financial rights and access to various investment opportunities. These tokens can represent equity capital in a company, profit sharing, voting rights, or even ownership rights to real assets, such as real estate or stocks.
STOs have significant advantages, such as the transparency of operations thanks to the audit on the blockchain, the immediate liquidation of assets, the constant availability of financial markets and the divisibility of tokenized assets to democratize access.
In addition, STOs use smart contracts, which are computer programs that automatically execute the conditions agreed between the parties, which streamlines and automates complex processes, such as the distribution of dividends or voting.
In summary, STOs represent a safe and transparent option to raise funds and provide investment opportunities. Their application of blockchain technology, smart contracts, and compliance with securities regulations makes them an attractive choice for issuers and investors alike.

Who can launch an STO?
Security Token Offerings have democratized access to finance and have opened up new opportunities for various entities. In this sense, a wide range of organizations can reap the benefits of an STO. This includes:
Launch an STO for Companies: By issuing security tokens, companies can offer investors ownership of, or rights to, underlying assets, such as company shares, bonds, or other securities. This gives them an alternative avenue to raise capital and finance their growth.
Create an STO for Startups: Emerging startups find STOs an attractive financing option. By issuing security tokens, they are able to attract investors interested in participating in their future growth and success. This form of fundraising gives them flexibility and greater accessibility to a broader investor base.
Launch an STO for Governments and Government Organizations: Even governments and government organizations are exploring the potential of STOs. These entities can use the issuance of security tokens to finance infrastructure projects or back public assets, such as real estate. This allows them to diversify their funding sources and take advantage of blockchain technology for greater transparency and efficiency in their operations.
Create an STO Mutual Funds: Investment funds are also dabbling in the world of STOs. By using this tool, they can offer investors access to a diversified portfolio of assets, including stocks, bonds, real estate, and other financial instruments. It is important to note that the issuance of an STO is subject to the regulations and legal requirements of each jurisdiction. Issuers must comply with the standards and procedures established by the corresponding financial authorities, which includes the disclosure of accurate and relevant information about the underlying project or asset.

The 6 Steps to Launching an STO:
A Practical Guide to Success As we explained above, the world of STOs offers an exciting opportunity to raise funds and provide investment opportunities globally. However, to achieve a successful STO, it is crucial to follow a series of phases that guarantee regulatory compliance, transparency and investor attraction. In this guide, we will present you the 6 fundamental phases that you must follow to launch your STO.
From the initial stage of preparation to fundraising and listing your security tokens, we'll explore each step, providing you with valuable tips to put into action on your journey. It doesn't matter if you are a startup looking for financing or an established company looking to diversify your investments, this guide will be the starting point to launch your STO and take advantage of this innovative form of financing.

PHASE 1: Project preparation
The project preparation phase is essential for the successful launch of your STO. Here the solid foundations necessary for the project are established. At this stage, you must follow the following steps:
Generate innovative ideas and develop a solid business plan.Form a competent team with experience in key areas.Appoint expert advisors in finance and law.Create a comprehensive and detailed whitepaper.Select reliable digital technologies and service providers.Estimate the necessary capital and identify your target market.

PHASE 2: Design of the STO structure
In this phase it is essential to establish a solid legal foundation for your project. Let's see the key steps for this stage:
Evaluate regulations and legal requirements.Set the token lock period.Analyze possible exemptions.Choose a favorable jurisdiction for your STO.

PHASE 3: Selection of the technology
Selecting the right technology is critical to the success of your STO. At this stage it is necessary to follow the following steps:
Select reliable blockchain service providers.Evaluate and comply with technical and legal requirements.Develop an attractive and functional investor portal.Extensive testing to ensure the safety and correct operation of the project.

Phase 4: Selection of financial service providers
Selecting the right financial service providers is essential to ensure successful and secure fundraising during your STO. Here are the key steps:
Appoint experienced brokers and transfer agents.Partner with trusted custodians for custody of digital assets.Work with secure and trusted fiat payment providers.

Phase 5. Fundraising
It's time to grab the attention of investors and secure the necessary funds for your STO. To do this, you must take these steps into account:
Identify potential investors and organize meetings with them.Use online marketing strategies to promote your STO.Take advantage of social networks and crowdfunding platforms.

Phase 6. List of security tokens
Once you have successfully completed the previous stages, it is time to secure the listing of your security tokens on the appropriate exchanges. Next, we present what you must take into account to achieve a successful listing and guarantee the liquidity and visibility of your tokens.
Select compatible exchanges and get regulatory approval.Make sure tokens are available for sale.Maintain constant communication.

Remember that listing your security tokens is an important milestone, but the job doesn't end there.
You must continue to monitor and manage the performance of your tokens, and keep investors informed of project news and achievements.
In short, STOs offer an exciting opportunity to raise funds and invest in a digital and regulated financial environment. By following the six key phases, you will be able to launch your STO and take your project to the next level.
However, it's important to remember that launching an STO requires meticulous attention to detail at every stage of the process. Additionally, with STOs emerging as a powerful tool in digital finance, it is critical to stay up to date with the latest trends and regulations in the field. It is always advisable to seek professional advice and keep abreast of legal and technological changes.

#Write2Earn #TrendingTopic #BinanceSquareCreatorAwards #securitytoken

#crypto2023 #securitytoken #XMANNA

In the dynamic world of cryptocurrency, where innovation and collaboration often go hand in hand, it's disheartening to find oneself at odds with a project that was once a beacon of promise. XMANNA, a project that initially sparked my enthusiasm and garnered years of support, has unexpectedly become my biggest disappointment in the crypto sphere. In this article, I aim to shed light on the events leading to this unexpected turn of events and underscore the vital importance of communication and transparency in the crypto community.
The Communication Breakdown
One of the significant catalysts behind this disillusionment is the glaring lack of communication and transparency within the XMANNA team. In the realm of crypto investments, open and honest dialogue is not just a nicety but a necessity. My biggest bone of contention with the team revolved around their consistent failure to communicate crucial information, particularly in situations where investors deserved explanations.
The Disquieting Discussions
The crux of my disappointment with XMANNA stems from the numerous discussions with the team about their communication practices. The heart of the matter lay in their apparent reluctance to be transparent, especially when it came to addressing concerns about the investors' funds. As someone who had actively supported and engaged with the community, I found it disconcerting that my queries were met with evasion rather than clarity.
Investors Deserve Answers
The essence of any successful crypto project lies in the faith and trust it instills in its investor community. In the case of XMANNA, this trust was eroded by the lack of forthrightness in addressing legitimate concerns. As someone who believed in the project and its potential, I found myself at odds with the team over the obligation to provide clear explanations, particularly when the financial stakes of investors were on the line.
The Unprecedented Ban
The situation took an unexpected turn when, as a result of expressing my concerns privately with a team member, I found myself permanently restricted from the community chat that I once moderated. It's a stark reminder that in the crypto space, even constructive criticism can be met with severe consequences, by people in a so-called position of power.
Accountability Matters
Amidst the discord, it's crucial to emphasize that accountability should be the cornerstone of any serious crypto venture. Instead of evasive replies and vague promises, investors deserve a clear and public roadmap outlining the team's vision and plans. Accountability extends not only to XMANNA but also to launchpads like INX, which shares responsibility for safeguarding the interests of potential new investors and STO purchasers.
A Lesson in Open Communication
The unfortunate saga with XMANNA serves as a poignant lesson in the crypto space, emphasizing the irreplaceable value of open communication and accountability. In an ecosystem driven by trust and decentralization, the onus lies on projects to maintain transparency and engage in constructive dialogue with their communities. As investors navigate the complex crypto landscape, this experience underscores the critical importance of due diligence and scrutiny when choosing where to place their trust and capital.