As of September 24th 2019, Securitize has announced a Series A extension which raised $14 million, bringing their total financing to more than $30 million. The latest round echoes the firm’s effort in breaking into the ‘untapped’ Asian securities market. Securitize’s Fundraising Explained Securitize provides technology for the issuance and management of digital securities, also […]
Category: STO News
Kik Shuts Down Messenger App in Prep to Fight SEC
According to Kik CEO Ted Livingston, Kik is closing down its popular messenger app to focus on ‘Kin’, its cryptocurrency. Kin tokens were sold to raise $100 million through an ICO which the Securities and Exchange Commission (SEC) claimed was an illegal securities offering. Kik Shutting Down its Messenger App Explained In June of 2019, […]
UK FCA Releases Crypto Guidance
The UK Financial Conduct Authority (FCA) released its crypto guidance recently in an attempt to help investors and entrepreneurs better understand the categorization and regulation of crypto assets. Officially released on July 31, the FCA document provides the framework for a more robust regulatory climate in the UK market. Many in the cryptocommunity see this […]
ATAIX to Offer Public Gram Tokens First
The EU-based ATAIX exchange announced this week that it will be the first to offer the public a chance at owning Gram tokens. Gram tokens have been a hot digital asset ever since last year when Telegram successfully issued over $1.7 billion worth of the crypto via an ICO. Since then, the tokens remained in […]
Kik Hunkers Down for Fight with SEC – Shuts Down Messaging App
Shutting Down After months of battling the SEC, Canadian based KIK, have announced that they are immediately downsizing their operations, which includes shutting down their messaging app. It should be noted that this step is being taken in an effort to better focus company resources towards their SEC lawsuit. The company is simply shutting down […]
SIX Digital Exchange Launches Platform Prototype
Prototype Launch Swiss Digital Exchange (SDX) has recently provided the public with a business update. They have announced that there will be a delay in the launch of their full service platform, built to act as a comprehensive service/exchange for digital assets. In place of their full launch, the company has launched a prototype of […]
Adult Entertainment Platform CEO Charged by SEC
Fantasy Market, Fantasy Product Fantasy Market was supposed to be a service which allowed for its clients to directly interact with adult performers. This interaction would be supported through the use of tokens distributed by the company, known as FMT Tokens. As a result of the company’s whitepaper, and their actions (or lack thereof), the […]
Blockchain Analytics Firm Flipside Crypto Secures $7.1 Million to Study Tokens Economics
A data analytics firm called Flipside Crypto has recently been able to get around $7.1 million USD during its latest investment round. Companies such as the Digital Currency Group and Coinbase Ventures participated in the round, however, the round was led by Mike Novogratz’s Galaxy Digital. In all of its investment rounds together, Flipside Crypto […]
Swiss Security Token Trading Platform SIX Digital Exchange Delayed Until Q4 2020
SIX Group currently operates Switzerland’s second largest conventional stock market, the SIX Exchange. They have previously announced plans for a forthcoming digital asset exchange, the SIX Digital Exchange, which has now been delayed until late 2020. The Launch of the SIX Digital Exchange Explained Earlier this year, SIX Exchange announced the planned launch of a […]
Kim Dotcom To Sell His Bitcoin-Based Token Next Month on Bitfinex’s Tokinex IEO Platform
Bitfinex has decided to open up its Initial Exchange Offering (IEO) platform once more. Now, the token created by Kim Dotcom, K.IM, will be the first asset to be offered on the Tokinex platform. According to the press release, the asset was able to raise $2.5 million USD already via investors such as Max Keiser, […]
