Alternet Systems (ALYI.OTC) entered into a partnership with Interwave, an organization involved in an initial coin offering (ICO) to launch a cryptocurrency dedicated to funding electric mobility projects in Sub Saharan Africa.
Bitcoin is supposed to be a safe-haven currency. When the markets go to shit like they are today, in theory people evacuate their traditional positions and throw their money into digital currencies and other adjacent crypto-related stock, like bitcoin mining or one of the many digital asset companies offering the proximity and benefits of bitcoin without any of the hassle of actually owning any.
The ongoing regulatory wrestling match between the United States Securities Exchange Commission (SEC) and the world of cryptocurrency took an unusual turn earlier this month when the SEC charged actor and martial artist Steven Seagal in connection with his role in promoting an initial coin offering (ICO).
The progress for cryptocurrency markets in North America has benefited so far from the lax regulatory environment. It allowed most of the major coins to slip under the radar of the major powers here, with only a handful of exceptions where the United States had to take a closer look. The relationship now that Facebook (FB.Q) has forced the government’s hand is now adversarial, ranging from benign contempt to outright hostility. The European markets are different.