Posts in category

ICOs


A blockchain startup wants to raise nearly $100 million dollars to create a new form of fantasy football. Called the Crown League, the project’s owner told CoinDesk on Tuesday that it seeks to form a professional fantasy football league, with 12 teams initially, which will collectively be owned by fans via the platform’s crypto tokens. …

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South Korea’s Jeju island is seeking to become a free zone for initial coin offerings (ICOs) – a plan, if approved, would allow crypto projects to conduct token sales in the self-governing province despite the country’s tough stance on the issue. Korean news outlet JoongAng Daily reported on Monday the governor of the Jeju province …

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In an industry that’s become synonymous with fast cash, patience can be a rare commodity. That makes a little-discussed announcement last week by the Nebulas project, powered by the top 100 cryptocurrency NAS, all the more remarkable. The team behind the protocol, today valued at $64 million, will now voluntarily wait a decade before they …

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An e-commerce platform that recently launched a token sale aimed to raise $50 million has become Singapore’s first public firm to hold an ICO. Y Ventures Group, which went public on the Stock Exchange of Singapore last year, announced a plan for creating a blockchain-based e-commerce system in July and sent the sale of its AORA token …

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Thailand’s new licensing system for firms working with digital assets has seen a flurry of applications from companies seeking to offer token sales and exchange services just weeks after it went into effect, an official has said. In a news report from Bangkok Post on Thursday, Rapee Sucharitakul, the secretary-general of the Thailand Securities and …

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Thailand’s new licensing rule that governs initial coin offerings (ICOs) has gained interests from companies setting out to offer token sales and exchange services just weeks after the rule went into effect, official said. In a news report from Bangkok Post on Thursday, Rapee Sucharitakul, the secretary-general of the Thailand Securities and Exchange Commission (SEC), …

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A federal court judge in California has blocked a move that sought to dismiss a class action lawsuit alleging that the initial coin offering (ICO) conducted by the Tezos Foundation violated securities laws in the U.S. The decision came Tuesday, as District Judge Richard Seeborg denied the motion filed by the Tezos Foundation and the …

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Metronome supporters waited until the very end to buy the last available tokens. As opposed to traditional ICOs, which have sought to reward early buyers, Metronome’s sale, completed Tuesday, was notable for seeking to sell its tokens at a progressively lower price each minute for up to seven days. Buyers let the auction run 6 …

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A number of financial regulators from across the globe are forming a new alliance to facilitate the growth of financial technologies such as blockchain and distributed ledger technology (DLT). The U.K.’s Financial Conduct Authority (FCA), which spearheaded one of the world’s first fintech sandbox programs, announced the Global Financial Innovation Network (GFIN) initiative on Tuesday, …

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The day Augur launched it breezed into the rankings of top ethereum dapps by daily active users – but the momentum didn’t last long. Released on July 10, Augur allows users to create and bet on prediction markets tied to real-world events, such as World Cup games, elections and – unfortunately – murders. Having waited …

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Are airdrops useful? While the jury’s still out about the mechanism, used of late to massively distribute crypto tokens to those who already own cryptocurrencies, several industry observers and startups already believe it could be done better. The concept of “smartdrops” seems to have garnered some attention after a July Medium post by Yeoman’s Capital founder and …

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Germany’s second-largest stock exchange is developing an ICO platform, it announced on Thursday. Boerse Stuttgart expects to roll out the platform as part of  larger “end-to-end infrastructure” for “digital assets” it is currently developing, and says the ICO platform will allow token issuers to conduct token sales with “standardized and transparent processes.” It will also …

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The Philippines is close to introducing new regulations governing how companies can legally raise funds through initial coin offerings (ICOs). To that end, the country’s Securities and Exchange Commission (SEC) published draft rules governing ICOs on Thursday, and is now seeking public feedback before they can go into effect. The regulations notably assume that tokens issued …

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Wikipedia founder Jimmy Wales has said the not-for-profit online encyclopedia platform will “never” hold an ICO or issue its own cryptocurrency. Speaking to Business Insider after giving a speech at a recent blockchain event in Berlin, Wales told the news source: “We are absolutely never going to do that. Zero interest.” Wales who has been skeptical in the …

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Happy birthday, bitcoin cash. Tuesday marks the one year anniversary of the first block on the crypto protocol that split from the bitcoin network, now the fourth largest by total value, after a years-long disagreement about the course the cryptocurrency should take. For supporters, the main goal for the competing protocol was increasing the block size …

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Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. The token industry needs to grow up. I’m not talking about financial growth, at least …

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If any coin is going to fly under the radar, it makes sense for a privacy coin to do so. Spectre (not be confused with a separate project called SPECTRE), created two crypto tokens – the aptly named spectre token and the xspec token – in 2016, but hasn’t received much notice from the crypto community …

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Initial coin offering support platform KickICO lost $7.7 million in KICK tokens in a hack on Thursday, the company reported. CEO Anti Danilevski wrote in a blog post that the startup’s team discovered some 70 million KICK tokens missing from its wallet, after the KickCoin smart contract owner’s private key was compromised. Several users’ wallets …

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Steve Bannon, former chief strategist to U.S. President Donald Trump, confirmed Wednesday that he wants to launch a cryptocurrency of its own. Speaking to CNBC on Wednesday, the Breitbart co-founder said “they’re the future,” adding that “we’re working on some tokens now, utility tokens, potentially, for the populist movement on a worldwide basis.” Bannon first …

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