Lazy Sunday

Sunday, July 30

Lucille Ball in Ziegfeld Follies (1945)

U.S. Securities and Exchange Commission: SEC Issues Investigative Report Concluding DAO Tokens, A Digital Asset, Were Securities

Washington D.C., July 25, 2017—
The Securities and Exchange Commission issued an investigative report today cautioning market participants that offers and sales of digital assets by “virtual” organizations are subject to the requirements of the federal securities laws. Such offers and sales, conducted by organizations using distributed ledger or blockchain technology, have been referred to, among other things, as “Initial Coin Offerings” or “Token Sales.” Whether a particular investment transaction involves the offer or sale of a security – regardless of the terminology or technology used – will depend on the facts and circumstances, including the economic realities of the transaction.

Apple Removes Apps From China Store That Help Internet Users Evade Censorship

One company, ExpressVPN, posted a letter it had received from Apple saying that its app had been taken down “because it includes content that is illegal in China.

Another tweeted from its official account that its app had been removed.

A search on Saturday showed that a number of the most popular foreign virtual-private networks, also known as VPNs, which give users access to the unfiltered internet in China, were no longer accessible on the company’s app store there.

A makeup artist won a Kat Von D Instagram contest – then was disqualified for supporting Trump, she says

In images obtained by the newspaper, Von D noted she was “concerned” after other Instagram users had referred her to Freeman’s pro-Trump post.

“I just wanted to make sure you are aware that even though I don’t consider myself political, I definitely have drawn a personal line in the sand between myself and anyone who supports that man,” the reality star wrote. “My launch party celebrates many things that Trump is against. And I just need you to know that I personally have a hard time with inviting anyone who would support such an anti-feminist, anti-homosexual/LGBT, anti-immigrant, and anti-climate change fascist such as Trump.”

Bitcoin Inches Above $2,800

The five-day high comes amid what has been largely a week of stability in the price of the digital asset against the dollar. Bitcoin prices fell to a seven-day low of $2,433 on Wednesday, but have traded as high as $2,889 as recently as July 21.

Still, the fluctuations come ahead of what could emerge as a turbulent time for the price.