In two significant developments for the Digital Assets space, the SEC issued today a No Action Letter to TurnKey Jets and a “Framework for ‘Investment Contract’ Analysis of Digital Assets.
Bitcoin has gained incredible momentum and adoption recently as the most popular and largest cryptocurrency. While many people think of Bitcoin as a speculative investment with the crazy returns, the real value driver behind Bitcoin is its status as a digital currency and store of value.
It's no longer a stretch to say that cryptocurrency may play a huge role in how money is generally perceived in the future. For now, however, digital currencies and the teams behind them continue to figure out ways to get from the starting point (Bitcoin) to the future of decentralized storage of value.
With cryptocurrency’s recent upsurge in popularity, it’s safe to say that a Bitcoin revolution is on the horizon. Bitcoin means different things to different people. To some, it’s an overused industry buzzword that’s slowly starting to lose its meaning; to others, Bitcoin is going to revolutionize the way we do business.
Blockchain technology has garnered much attention over the last few years from both critics and advocates alike. Put simply, blockchains essentially provide a way for untrusted parties to decide on the state of a database without using an intermediary like a bank.