United Arab Emirates Plans ICOs to Boost Capital Markets
The United Arab Emirates plans to introduce initial coin offerings (ICOs) next year to provide companies with a fresh way to raise money, the head of the securities regulator said on Monday. In ICOs, companies issue cryptocurrency tokens to investors, in much the same way as they issue shares in an initial public offer of […]
Investors Losing Interest in ICOs
Autonomous Research noted three reasons that could explain the drop in token sale activity. “First, perhaps investors have devalued the idea of buying a utility token (does nothing yet, legally non-binding), and instead want to buy equity in the same companies,” the firm wrote. By examining “Pitchbook’s data on blockchain and bitcoin venture capital raises,” […]
South Korea’s Democratic Party Lawmaker Urges Authorities Allow to ICOs
A member of South Korea’s National Assembly has called on the state to “open up the road” to ICO by easing regulations, South Korean financial outlet Economy reports October 2. According to the article, Min Byung-doo, a Democratic Party lawmaker, will introduce a project of for ICO legislation at the next round of the National […]
500 Million HWG Cash will be Issued on everiToken Public Chain
Recently, Ho Wah Genting Group and everiToken announced the official signing of a strategic cooperation. Strategic Partnership Agreement: Ho Wah Genting Group & EveriToken AG Stablecoin Issuance at EveriToken Public Chain: USD 500 Mln HWG Cash. That means the Ho Wah Genting Group will issue a stable coin based on the everiToken public chain, and […]
SEC Seeks Sanctions Against Individuals Behind Alleged Cryptocurrency Scam PlexCoin
The case launched by the United States Securities and Exchange Commission (SEC) against PlexCorps, also known as PlexCoin, and the individuals behind this scheme – Dominic Lacroix and Sabrina Paradis-Royer, continues at the New York Eastern District Court, with the US regulator having hard time to make the defendants co-operate, or, at the very least, […]
India’s Supreme Court to Hear Final Arguments on RBI Ban on Cryptocurrency Exchanges
India’s Supreme Court will hear final arguments on petitions challenging the virtual ban imposed by the Reserve Bank of India (RBI) on cryptocurrency exchanges today. In April this year, the RBI had asked regulated entities to not get involved with cryptocurrency traders, firms, or individuals, imposing a virtual ban. The RBI decision was challenged by cryptocurrency […]
a16z crypto purchases 6% of MKR, backing Stablecoin Vanguard MakerDAO
American venture capital fund Andreessen Horowitz has invested $15 million into blockchain startup MakerDAO (MKR). Signaling their support of MakerDAO’s Dai stablecoin, investment fund a16z crypto has purchased 6% of the total MKR token supply for $15 million USD. The purchase gives a16z crypto a stake in the first functional decentralized stablecoin and the only system built with formally […]
Bitzon: A Cost-Effective Way to Harness Benefits of the E-commerce Domain
With technological advancement and faster internet speed, companies from all around the world are increasingly shifting their businesses online. While this transformation is eminent, there are many hindrances like large capital investment, manpower, technical proficiency, etc., that hold back SMEs from entering this revolution. Furthermore, the product line of small-scale businesses often showcase a limited […]
DBX – The Blockchain For Real World Apps Launches Official ICO
September 19th, 2018, Singapore – The technology company that’s leveraging Blockchain to build applications and businesses with transparency and control of data in its core, begins ICO. DBX made headlines this week with the announcement of their ICO launch that is expected to shake up the Blockchain ecosystem. The ICO, which is now open, intends […]
Juventus Is Launching a Crypto Token
One of the most popular soccer clubs in the world is launching a crypto token that it says will boost fan numbers by allowing them to “be heard.” For the effort, Italy’s Juventus Football Club, which boasts Cristiano Ronaldo as a current team member, is teaming up with Socios.com to launch the “Juventus Official Fan […]
500 Cryptocurrency Startups Have Found a Home in Switzerland
In an effort to maintain its status as a cryptocurrency hub, Switzerland has taken steps to help blockchain companies access the traditional financial system by making it easier for them to open corporate bank accounts. Faced with an exodus of cryptocurrency projects from the country due to falling access to the banking sector, the Swiss […]
New Generation of Mobile Crypto-Fiat Trading Solution
Tap’s internal Alpha was released earlier this week and the initial reaction from those that have seen it is pure excitement. Knowing how complicated managing your crypto portfolio is and how difficult it is to utilize your crypto in everyday situations, it was a breath of fresh air to see how simple, intuitive and complete the […]
Venezuela jails 34 store managers on charges of price gouging
Venezuela’s President Nicolas Maduro said on Thursday that 34 supermarket managers had been jailed on charges of hiding food and gouging prices, in the leftist government’s latest crackdown on businesses as the country struggles under a severe economic downturn. “We had a group of supermarkets that hid the products from people and started to charge […]
Cred Secures $200M in Credit Facility, Now Available on Uphold
Cred, the decentralized global lending platform, has secured $200,000,000 USD in crypto-backed lending facilities. In addition to securing this unprecedented lending facility, Cred has also announced an important milestone in their partnership with Uphold. Cred’s LBA token is now available in 170+ countries on Uphold’s secure crypto and fiat banking platform. Uphold users will be […]
LINE Unveils Ambitious Plan for Crypto Token Ecosystem
LINE, the messaging app giant from Japan, has unveiled plans that will see it launch an ambitious, token-powered ecosystem by the end of 2018. Aimed at capitalizing on the company’s big user base – LINE claims to have more than 160 million monthly active users – the plan is centered around its previously announced LINK token. […]
