CEDGAR Archives - Crypto Bloomberg

BrankoSeptember 9, 2019
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6min721

General conditions of access to CEDGAR and its use

1. CEDGAR functionality

CEDGAR is a public electronic information dissemination system provided by the 2100News which, with the necessary prerequisites for its regular functioning via users’ standard software and via the Internet, at the following web address https://2100News.com caters for:

  • browsing through public announcements by issuers on CEDGAR,
  • browsing through Stock Exchange announcements regarding public announcements in the daily newspapers, as notified by issuers according to regulations, and
  • browsing through other announcements by CEDGAR subscribers and by the Exchange for the public.

2. CEDGAR use authorisation

As a rule, CEDGAR is available 24 hours/day and all year long to any legal entity or physical person. All the data collected and published on CEDGAR, unless otherwise provided, is the property of the 2100News (2100News d. o. o., Ljubljana) which is a legal entity, and may not be used commercially or reproduced in any form whatsoever without an explicit written consent by the 2100News (2100News d. o. o., Ljubljana).

3. Legal nature of the contents of published announcements

All announcements published on CEDGAR, unless otherwise explicitly stated, do not express any offer or invitation for offer for sale or purchase of securities. With investment decisions regarding securities, all possible related risks must be taken into account; 2100News therefore recommends its users not to make any investment decisions merely on the basis of the information published but ask for an advice of authorised experts.

4. Disclaimer

As stipulated by 2100News is likewise not liable for reliability, accuracy and promptness of the announcements published on CEDGAR. However, the 2100News strives at all times to maintain the good business practice of publishing the announcements as they are delivered (by issuers, etc.), with regard to certain security mechanisms.

The 2100News and/or its employees also do not review, authorise or advertise in any way the contents of web sites available on CEDGAR via hyperlinks, and are not liable in any way regarding the access to web pages of third persons through CEDGAR website, regarding unavailability of data or access to CEDGAR web pages, unavailability of CEDGAR services or regarding any subsequent alterations in the conditions of CEDGAR use.

5. Duration of access of / to CEDGAR

In case of any technical difficulties or unavailability of the CEDGAR and its auxiliary CEDGARin services, the 2100News strives to maintain a minimum level of the CEDGAR functionality at a secondary location.

6. Publication of General conditions of access to CEDGAR and its use

The General conditions of access to CEDGAR and its use are available at the head office of the 2100News, at Dunajska 20, Ljubljana, Slovenia, and are published at the 2100News web site.

7. Privacy policy statement

The 2100News has prepared this statement to demonstrate its commitment to the respect of user privacy.

2100News collects certain information on the users of its website in its log, i.e. information about cookies, IP addresses and time and duration of the visit. On the basis of such information it is not possible to determine the individual user and thus these are not personal data as defined by the valid legislation.

2100News uses the information solely for purposes of its own statistical monitoring of the website usage and does not disclose the information to third parties.

2100News website uses only seed cookies and not cookies of advertising partners. Cookies are small files, which we download to your computer. We use seed cookies only for purposes of determining the number of website visitors and their interest in certain pages in order to improve our services further.

In the case of Subscription to announcements, 2100News also collects the Name, Surname and E-mail of the user. These are used only for purpose of performing the service and informing the users of potential maintenance of service failure. In accordance with the Personal Data Protection Act (Zakon o varstvu osebnih podatkov), 2100News provides the users the right to have insight into and the right to transcribe, copy, supplement, correct and erase the personal data, which apply to them. The data is stored until the user unsubscribes to the announcements.

Personal data and contact information are not used for any other means and are not disclosed to third parties.


BrankoSeptember 9, 2019
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5min680

What is CEDGAR?

CEDGAR is an electronic dissemination information system of the 2100News, available to the public providing business information on the token issuing companies

Why CEDGAR?

The principle purpose of the CEDGAR is better informed public. This new service provides fast and easy access to business information anytime, and available on one location.

Who is CEDGAR designed for?

CEDGAR is designed to cater for the needs of a large public, of institutional and other investors into crypto, media, Exchange members, or in general, for the needs of everybody who wish to view and monitor issuers’ public announcements and announcements of other institutions of the crypto market. Additionally, the CEDGAR system represents to the issuers as an effective information dissemination mean for publication of their important announcements.

Which issuers’ announcements are available on CEDGAR?

  • announcements which the securities issuers are obliged to publish in accordance Exchange Rules
  • summaries of annual and semi-annual reports and financial statements;
  • information on any business or other events regarding the business activities of an issuer that may considerably affect prices of tokens (material changes in the ownership structure, concluded contracts of significant importance, legal proceedings, mergers of companies, etc.);
  • announcements of the Exchanges and other institutions of the crypto market;
  • short notifications regarding public announcements by issuers in other media.

How to publish a public announcement on CEDGAR?

Announcements are designed by issuers and then forwarded to the 2100News, using the web application – CEDGARin. The 2100News verifies the identity of the author, checks all the texts and then publishes them on CEDGAR, where they are available to the public free of charge via https://2100News.com

When published on CEDGAR, every announcement is automatically forwarded to the list of latest announcements and is simultaneously archived in all announcements file. When clicking on its title, the contents of the announcement are displayed.

How often are new announcements published?

All announcements are published on CEDGAR within the period for regular public announcements, i.e. from 8:00  a.m. in the morning, to- 5 p.m.(CET).

How does the archive of public announcements work?

The archive holds all announcements published on CEDGAR from the start of its operations. Browse tools help you search for data on the basis of various criteria; either by individual issuers, or by combining the criteria according to the type of announcement, date or period.

How to subscribe to CEDGAR messaging?

If you wish to keep up to date about new announcements, you can subscribe to newsletter service via e-mail free of charge. All you need to do is enter your e-mail address. At the end of every day also a daily summary will be delivered to your inbox.

What are the advantages of CEDGAR?

CEDGAR helps improve the transparency of public announcements and helps better inform the investment public, while considering high security standards:

  • faster information for contributors about price-sensitive data (lesser discrepancy between the time of an important business event and its publication);
  • public announcements and messages regarding public announcements available on one location;
  • access to archives of all announcements of an individual issuer/institution;
  • easy search for announcements according to various criteria;
  • easy and free-of-charge access to CEDGAR;
  • CEDGAR is available 24 hours/day.

Where to get additional information on CEDGAR?

All additional information about CEDGAR public announcements are available at 2100News


BrankoSeptember 9, 2019
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13min706

CEDGAR solves the biggest problem with ICOs and the token economy

The problem with the current crypto media landscape

There are currently too many sources of crypto related price sensitive information and no one has the ability to monitor all of them all the time. This creates confusing and chaotic market conditions, where fake news can do incredible damage.

Many unofficial crypto news outlets on Twitter, Facebook and YouTube have massive followings, which gives them the ability to manipulate the markets either intentionally or unintentionally. They can drown out the voice of even the major token issuing companies, who can’t match them by audience size.

We have seen this before in other areas, where fake/incorrect/inaccurate news, once widely disseminated, can persist over the truth for a very long time, sometimes in perpetuity.

This is where CEDGAR will provide a unique advantage to token issuers by enabling them to publish their official information in a blockchain verifiable format, against which all other information will be judged by.

ICOs are not IPOs

Unlike IPOs, ICOs bestow no reporting obligations on the token issuing companies. After crypto companies raise capital via ICOs, you as the purchaser of their token or currency have no say and little to no visibility into what happens to it.

ICO investors are not Venture Capitalists

When VCs invest into start-up companies they negotiate preferential terms with both downside and upside protection and appoint board members, monitors, consultants etc. When token purchasers participate in an ICO, all they receive in return are company tokens. If the ICO company gets into trouble or is subject to FUD, their tokens will plummet in value and token holders will have little chance of recovering their investments.

CEDGAR is not PR

It’s important to note that CEDGAR will not be an extension of company’s PR department. The information published on CEDGAR will be entered via a structured form, which will allow only certain type of information to be included. The form will enable for publishing of raw financial and price sensitive information without the spin, hype or hyperbole that is typical of PR departments.

By joining CEDGAR token issuers will have the ability to reach an audience many times bigger than any other influencer and therefore ensure the official truth will always stay on top of unofficial and unreliable news sources.

 

Why Self-regulation?

Because ICOs give token issuers the ability to raise high risk early stage capital without the obligations that VCs would normally bestow on them.

ICOs are full of promises, but generally have little to offer beyond their white paper. This means that investing in ICOs is a high risk VC type investment disguised as an IPO, without the obligations of either. ICOs are highly biased towards the token issuers but offer no protection to token purchasers.

In traditional markets, regulation provides protection for investors, by requiring companies to comply with stringent regulations before allowing them to list publicly. In the US the U.S. Securities and Exchange Commission (SEC) has established a reporting database for publicly listed companies called EDGAR (Electronic Data Gathering, Analysis, and Retrieval system). All publicly listed companies are required to report their financial information into EDGAR at regular intervals. This way small investors, who unlike VCs, don’t have members on the company’s board to look after their interests, have clear visibility into company activities.

This has been the inspiration behind CEDGAR, or Cryptocurrencies Electronic Data Gathering, Analysis, and Retrieval system. The function of CEDGAR will be the same as EDGAR in that they will both perform automated collection, validation, indexing, acceptance, and forwarding of company submissions. The difference is that the latter one is mandatory for all publicly listed companies in the US, while the former one will be a voluntary option for cryptocurrency companies who have tokens on sale to the public either via ICOs or virtual currency exchange listings.

By reporting their financial and other price sensitive information on CEDGAR, the token issuing companies will show their commitment to honesty and transparency. With an official channel for price sensitive information, companies and investors will be protected from FOMO and FUD, which are currently both major market drivers.

Why would crypto-companies want to utilise CEDGAR?

Since CEDGAR will be completely voluntary, the incentive to use it will have to come from within the crypto-companies themselves. They will either want to use it to show their commitment to honesty and transparency towards their token owners or the token owners will apply pressure on the company if they feel their funds are not being spent responsibly or the company might be manipulating information that is in the public domain.

Either way CEDGAR will serve as a counter weight to the promises in the white paper and provide much needed stability to the crypto markets. In the long therm all stakeholders will benefit from the use of CEDGAR.

Over time, CEDGAR listed crypto-companies will enjoy preferential treatment from business partners (such as exchanges) and investors. This will further drive the adoption of CEDGAR until it becomes the industry standard.

Perhaps most importantly, if the industry manages to establish effective self-regulation, it is also far more likely that governments will stay away with their own undoubtedly far more draconian versions of the same.

 

Why should ICOs join CEDGAR

It’s probably fair to say that 2018 hasn’t been too kind to crypto assets thus far. With bad news followed by more bad news since early January 2018, it exposed the market volatility in the worst possible way following the massive bull run in November and December of 2017.

The problem with such massive swings and an unstable market is that a lot of people ended up losing a lot of money, which has resulted in a very negative public image for crypto. First Facebook and now Google have reacted to this by banning crypto related ads on their advertising platforms, which depressed the markets even further.

It’s become clear that the crypto market is currently more influenced by Tweets, forum posts and news articles than anything fundamental and our plan here at 2100NEWS is to change that by introducing self-regulation in the form of CEDGAR.

So how will CEDGAR change the current unstable nature of the crypto markets?

By releasing price sensitive information through an officially sanctioned channel such as a blockchain verified CEDGAR account, all market participants will receive the same information at the same time. These intervals will be announced in advance, so that it will be fair for all traders and at the same time devalue any unofficial sources of potentially misleading information.

 

Why is CEDGAR a WINNING recipe for the crypto ecosystem as a whole?

It is in everyone’s interest that crypto markets adapt transparency and self-regulation practices that are currently missing. CEDGAR, therefore, provides a winning solution for everyone: token issuing companies, contributors, influencers, exchanges, and countries. Here’s how:

1. A win for token issuing companies!

By providing their financial reports to CEDGAR, token issuing companies will reach a broader community within the crypto world.

Company’s involvement in CEDGAR also shows its willingness to self-regulate and be transparent. Authorized publication of financial data will also reduce the risk of insider trading as well as give companies a higher chance of being listed on major exchanges.

Participating companies will receive a certificate to display to their crypto community, who will recognise reporting through CEDGAR as good business practice.

2. A win for contributors/traders!

With CEDGAR, contributors are getting a new information source, as opposed to relying just on companies’ PR departments and influencers. Now, through CEDGAR, 2100NEWS provides an unbiased infrastructure for self-regulation that results in higher quality financial analysis.

Contributors can now track the project’s progress at regular predefined time intervals and compare actual (quarterly, half-yearly, annually) business results to targets set in the Whitepaper. This gives them a much better insight into company’s progress and performance.

3. A win for influencers!

Until now, influencers communicated their opinions on certain ICO/token issuing company based on the Whitepaper, PR statements and rumors. CEDGAR enables influencers to have a reliable and unbiased third party information at their disposal. Consequently, they now have a more objective information source to base their assessments on, which means their followers will get a more balanced picture.

4. A win for Exchanges!

Exchanges will use CEDGAR as a standard of transparency for the token issuing companies. It will enable faster and easier due diligence check-up of crypto-companies before listing them on their exchanges and ensure higher trading volumes.

It is not in the interest of exchanges, for the market prices to be manipulated by third parties. CEDGAR will offer a stable and reliable way of communicating financially sensitive information between all stakeholders.

5. A win for Countries!

At the moment the whole crypto ecosystem is more or less unregulated. For most countries this represents an unacceptable situation. Self-regulation through CEDGAR will present a more palatable alternative to either no regulation or establishing full blown national regulation.

 

CEDGAR as a standard of transparency

As shown above, the whole crypto ecosystem will benefit from CEDGAR. Regulations are inevitably coming our way and it is in crypto’s best interest to start to self-regulate instead of being regulated by other parties. This is why we strongly believe CEDGAR is the logical next step in the evolution of the crypto economy.



About us

We are the new economy news hub. 2100NEWS is the professional index, data, and tools provider in the digital asset space, offering Crypto Market Intelligence, providing the perspective you can trust and equipping you with information edge you need to stay ahead. (Real-time data of token issuers and news, analysis and commentary from community.) We are very excited to contribute to the evolution of the industry and build an ecosystem around our offering (the institutional-grade data infrastructure required to enable institutional investments in digital assets). We want our contributions (Contents and Tools on 2100NEWS.com) to be useful for helping investors.


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