Sentences with phrase «same digital tokens»

Not exact matches

In the latest blow — on Tuesday — an alternative virtual currency, known as Tether, that is owned and operated by the same people as Bitfinex, announced that it had been hacked and lost around $ 30 million (U.S.) worth of digital tokens.

Built on the same blockchain technology that powers Bitcoin, an ICO involves a company selling digital tokens or coins, primarily ether or bitcoin, that enable investors to use the software or service that the start - up plans to produce.

An ICO is a sale of a digital «token» that can be used on a software system in the same way that bitcoins are the unit of value in the Bitcoin software system.

At the same time, it is believed that a digital token introduced by the Central Bank.

Identifying the fraud as «old scam, new technology,» the CFTC cautioned, ``... same basic fraud is now occurring using little - known virtual currencies and digital coins or tokens.»

The scam is the same one used by Leonardo DiCaprio's character in «The Wolf of Wall Street» and the CFTC said: «Pump - and - dump schemes have been around long before virtual currencies and digital tokens.

The main reason behind the same is increasing fear of regulators regarding the fact that such digital tokens are used to launder money and facilitate financial crimes.

They all run on the same core premise: physical ownership of gold via digital blockchain cryptocurrency tokens.

That's because Wall Street now has its licensed exchange where traders can buy or sell digital tokens in the same way as traditional shares of stock.

Conversations regarding the same started six months back and preliminary drafting has also been completed pertaining to areas of offering custody services to the digital token along with possibility of bitcoins in being used as collateral by clients in futures trading.

«The same basic fraud is now occurring using little known virtual currencies and digital coins or tokens, but thanks to mobile messaging apps and Internet message boards, today's pump - and - dumpers don't need a boiler room, they organize anonymously and hype the currencies and tokens using social media,» the CFTC said.

In a one — two punch on the same day, SEC Chairman Jay Clayton warned «Main Street» investors about the risks of investing in digital tokens and cautioned them to question token sellers thoroughly, and to demand from them clear answers, before buying digital tokens.

A scarce token can also be automatically redeemable for a digital good or computing service provided by the same network of computing participants who verify the blockchain.

Companies create digital tokens and issue the same which can either be kept away as a solid investment or used for buying goods or availing services.

At the same time, established financial firms like Fidelity are getting into the market, and companies like Overstock.com are offering their own digital tokens.

All of their digital tokens need to be backed up by the same amount of fiat currency.

Every crypto investor faces the same problem: opportunities to exchange digital tokens for goods and services in our everyday lives are very limited.