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Miss Behavin

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Everything posted by Miss Behavin

  1. This is very big news...it basically means Cryptos and Blockchain will become more mainstream
  2. SEC declares digital assets can be "securities" under U.S. law WASHINGTON (Reuters) - Wall Street's main regulator said on Tuesday that initial coin offerings (ICOs), a means of crowdfunding for blockchain technology companies, should be subject to the same safeguards required in traditional securities sales.ICOs have become a bonanza for digital currency entrepreneurs by allowing them to raise millions quickly by creating and selling digital "tokens" with no regulatory oversight. But the Securities and Exchange Commission (SEC) has declared that the tokens can be considered securities, and therefore, may be need to be registered unless a valid exemption applies. The decision means that blockchain startups can no longer ignore investor protections, making it potentially more difficult for them to fundraise via coin sales. By mid-July, tech firms raised about $1.1 billion in 89 coin sales this year, roughly 10 times more than that in the whole of 2016, according to data compiled for Reuters by crypto-currency research firm Smith + Crown. The SEC's decision was released in an investigative report into a virtual organization known as The DAO. The DAO was created in April 2016 by a blockchain solutions company called Slock.it. A blockchain is an online ledger of transactions maintained by a network of computers which gained prominence as the technology that underpinned digital currencies such as bitcoin. The DAO was designed as a decentralized crowdfunding model in which anyone could contribute ethereum tokens to be a voting member and have an equity stake in the organization. Ethereum is another cryptocurrency. Although it raised $150 million as of late May last year, an anonymous hacker later funneled $60 million of the tokens into a separate account. The SEC said in its report it has decided not to bring civil charges at the end of its probe into The DAO, but instead use the case as a cautionary tale for the market. https://www.reuters.com/article/usa-sec-digital-idUSL1N1KG1XU
  3. This is a game changer for investors since it drives costs down improves transparency and has better security. Nice to see the regulators slowly coming on board
  4. Delaware allows corporations to use blockchain to create & maintain transaction records The “corporate capital of the world” has just made it legal for corporations to use blockchain technology for stock trading and record-keeping. At the same time, a digital currency trading platform has been authorized to provide clearing services. On Friday, Delaware Governor John Carney (D) signed a bill that allows state corporations to “use networks of electronic databases (examples of which are described currently as 'distributed ledgers' or a ‘blockchain’) for the creation and maintenance of corporate records, including the corporation’s stock ledger.” A Blockchain, also known as a distributed ledger, is a digital record of transactions between parties on a network.Traditionally, corporations have relied on intermediaries like clearinghouses, custodians, exchanges, fiduciaries, or banks to settle transactions. Each intermediary had to verify transactions with their own ledgers, which adds time and cost to each transaction. With the blockchain, a ledger is shared among a large group of peers who collectively record all transactions digitally and validate transactions without the need for a third party. Since the blockchain is shared among such a large number of peers, who each maintain a complete ledger with a full history of transactions, and that record is constantly being updated, it would be nearly impossible to manipulate. Without the need for a third party, a corporation can also verify transactions anywhere in the world without the need for any fees. Transactions that would take days or even weeks with traditional ledgers can be settled in minutes with the blockchain. Introduced in March, the bill amends the state’s General Corporation Law, which is “the most advanced and flexible business formation statute in the nation,” according to the state's website. The Delaware Economic Development Office claims that nearly 1 million business entities, including more than half of all US publicly-traded companies and 60 percent of Fortune 500 companies, have made Delaware their legal home. The new blockchain rules will go into effect by August 1, 2017. “LedgerX will be authorized to provide clearing services for fully-collateralized digital currency swaps,” the announcement said, adding that LedgerX “initially plans to clear bitcoin options.” Paul Chou, CEO of LedgerX, said the CFTC announcement “opens the market to a much larger customer base.” “We are seeing strong demand from institutions that previously could not participate in the bitcoin market due to compliance restrictions against unregulated venues. In particular, there is a desire for fund managers to hold financial instruments that are not correlated with the broader equity market, and digital currencies meet that need,” Chou said, according to CNBC. https://www.rt.com/usa/397397-blockchain-delaware-bill-passes/
  5. A simple demonstration of how SA businesses can use blockchain technology Very cool demo https://businesstech.co.za/news/technology/186705/a-simple-demonstration-of-how-sa-businesses-can-use-blockchain-technology/
  6. Blocked ! I happily make a monthly contribution to OUTA in addition to boxing on the E Toll matter they have a SABC campaign running as well https://www.outa.co.za/sabc-campaign/
  7. This is going to be a game changer "the bill is expected to pave the way for potentially large-scale issuance of stock on a blockchain. By trading stock on a blockchain or similar distributed ledgers, users can cut out middlemen like the exchanges and ATSs that profit by facilitating trades, resulting in significantly faster settlement times." http://www.zerohedge.com/news/2017-07-02/delaware-assembly-passes-historic-law-legalizing-blockchain-based-stock-trades
  8. Saw this on Twitter Small Talk Daily Grain giant Senwes FY17 results out HEPS +37% to 108.4cps & divii payments resumed.Great result https://twitter.com/SmallTalkDaily https://www.zarx.co.za/zaps/detail/provisional-summarised-financial-results-senwes-limited-20170629
  9. Most of what you are saying is true, however money is in fact created out of thin air check this video. That's why the cryptos are gaining such traction. Watch this video for more background
  10. Hamster is the only one with a Hammer here
  11. If my math is correct TWK is trading on a PE of 4 times and DY of 3,4%....that's not expensive !? https://www.zarx.co.za/company-list/entry/twk-investments-limited
  12. Listing on new exchange lifts TWK TWK Investments’s share price jumped 5.26% to settle at R13 on Monday, as the 77-year old agricultural group made its debut on the new exchange, ZAR X. TWK Investments CEO André Myburgh said he hoped the listing would improve interest and liquidity in the share, which was trading at a 50% discount to net asset value. Independent analyst Mark Ingham said the business was attractively valued and prudently managed. "It has also moved with the times and diversified," Ingham said. TWK provides products and services to the agricultural community, from timber plantation management and grain storage to finance, insurance and motor vehicle sales. It is the second agricultural co-operative to list on ZAR X, joining Senwes, which listed in February. Zeder’s Kaap Agri will be separately listed on the JSE in 2017. These listings give investors the opportunity to gain exposure to primary agriculture as an asset class. In the case of Senwes and TWK, they also indicate the emergence of interesting opportunities as companies that traded over the counter migrate to regulated exchanges. TWK’s listing was a migration from an over-the-counter platform to a licensed exchange and did not entail the issuing of new securities. With just more than 700 shareholders and 35.1-million shares in issue, TWK Investments is majority owned by TWK Agricultural Holdings. The Vumbuka Trust, a broad-based black economic empowerment trust, holds 25% of TWK Agri, which houses the group’s main businesses, holding 75% of TWK Investments. Just more than 18,000 shares changed hands on Monday across 17 deals, at a total value of R232,160. With a market capitalisation of R456m, TWK is trading on a price:earnings multiple of four. Its net asset value at August 31 2016 was R874m. The share was trading at a significant discount to its net asset value and it would cost a lot more than R900m to replace the business, Ingham said. "It is undervalued in relation to its replacement value." Earnings per share for the year to August rose 45% on the previous period’s to 339c. Revenue grew 23% to R6.5bn, with profit before tax climbing 39% to R158.7m. The board declared a final dividend of 44c per share, which at Monday’s share price suggests a dividend yield of about 3.4%. Growth in revenue and profit was likely to continue, said chief financial officer Eddie Fivaz. The agricultural sector would grow in importance, Ingham said. While an uncertain political environment did pose risks, South African farmers’ best years could still lie ahead of them, he said. TWK Investments would consider a capital raise to fund bolt-on acquisitions that complemented its existing businesses, Myburgh said. ZAR X CEO Etienne Nel earlier said that the exchange would announce a number of listings in the coming weeks. It had signed up five stockbrokers, with five more set to join, he said. https://www.businesslive.co.za/bd/companies/land-and-agriculture/2017-06-13-listing-on-new-exchange-lifts-twk/
  13. According to the last article it seems you can trade using Afrifocus Securities, Anchor Securities Stockbrokers, Independent Securities, Saxo Capital Markets ....still no EasyEquities tho :-(
  14. Here is another update ZAR X captures TWK listing as brokers sign up ZAR X has signed up five stockbrokers and bagged another listing, saying on Thursday agribusiness TWK Investments would list on June 12. TWK was the first in a series of listings, across many sectors, which would be announced in the coming weeks, said ZAR X CEO Etienne Nel. TWK will join agricultural group Senwes and its holding company, Senwesbel, to become ZAR X’s third listing since the exchange launched in February. ZAR X is one of three new stock exchanges, with 4 Africa Exchange and A2X Markets, to launch in SA in 2017 and challenge the JSE. With a market capitalisation of about R450m, TWK would list about 35.1-million shares, said ZAR X director Graeme Wellsted. "The offer does not involve an issue of new securities… it is a migration from an over-the-counter platform to a licensed exchange environment," he said. TWK Agricultural Holdings and its related entities held 69.77% of TWK, with the balance held by about 707 shareholders. The listing would increase TWK’s share liquidity, CEO André Myburgh said. ZAR X also announced it had signed up five stockbrokers, with five more joining in coming weeks. These included Afrifocus Securities, Anchor Securities Stockbrokers, Independent Securities, Saxo Capital Markets and Senwes. It cost virtually nothing to be a member of ZAR X, which enabled Anchor Securities to offer its clients companies that were not available on the JSE, CEO Rob Turner said. "I hope other brokers will follow suit," he said. ZAR X was "poised to disrupt the market with its technology and offering", said Travers Metherell, head of institutional sales and trading at Saxo Capital Markets SA. ZAR X clears trades in real time by ensuring that both sides of the trade are prefunded, which means the cash and shares are in the stockbrokers’ accounts before the trade is matched. In line with most major exchanges, the JSE operates on a T+3 cycle, meaning it takes four days to clear a trade.Prefunded trades mitigated potential risk faced by brokers over the settlement period of a trade, Metherell said. "[it] also does away with the need to tie up large sums of money in the form of regulatory capital." The prevailing environment was tough for brokers that did not have large balance sheets or many discretionary clients, said ZAR X director, Geoff Cook. https://www.businesslive.co.za/bd/companies/financial-services/2017-06-02-zar-x-captures-twk-listing-as-brokers-sign-up/ Anybody have more info on TWK as a business ?
  15. Only saw this article today...they have been busy. ZAR X, South Africa’s newest stock exchange, has signed four new brokers – with another five preparing to join in the coming weeks. The new signings mean ZAR X now has 10 brokers, which include Afrifocus Securities, Anchor Securities Stockbrokers, Independent Securities, Saxo Capital Markets, and Senwes. “We are processing a significant number of applications from additional brokers,” said ZAR X director Geoff Cook. The ZAR X model slashes brokers’ capital and operating costs, where they can execute high-volume/high-value and low-volume/low-value transactions with equal ease and profitably. ZAR X operates a T+0 pre-funded clearing and settlement model where trades settle in 10 seconds. Brokers don’t need capital adequacy to cover settlement risk and there is no need for a specialist settlements officer. The exchange provides free live data and Avvento front-end, and ZBOS client administration applications at minimal cost. ZAR X is set to announce a series of new listings in the next several weeks. The market cap of the new issuers ranges from R300 million to R5 billion. The new industries represented include agriculture, financial services, health, and investment entities. https://mybroadband.co.za/news/business/212328-zar-x-signs-new-brokers.html
  16. I must say its the best thing I have done with my money this year up 12% on the morning ! Happiness is Bitcoins
  17. I think Rolfes is running since one of their product lines is they supply specialized fertilizer products, and the farmers planted flat out following the drought , even the winter crop guys are planting where they have irrigation.
  18. Sorry for being a bit blonde but, where does Pay Fast fit in ? This girls has Bitcoins and wants 2 shop ;-)
  19. I already own some Bitcoins and love trading them. Its fine to talk about peer 2 peer and those goods things, but what I still cannot get my mind around is what can I buy with Bitcoins. They are not accepted widely as a payment mechanism for "stuff" (read goods and services) on sites like Takealot.com etc. ?
  20. Hahaha....and hopefully hook a 10 bagger
  21. In my small mind this does not seem to be good news...but we live in hope. what do you guys think ? So over the fiat currency story !!!
  22. "Open up an Account with Luno.com (South African Company)" Luno have a very slick platform. I have traded Bitcoins and it was amazing. Having read Luno T&Cs they are in fact registered in Singapore
  23. What is the PE of Sea Harvest ?
  24. Any news on 4AX starting trading...weren't they supposed to up and running today ?
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