2018 was the highwater mark for initial coin offerings (ICOs), when 1,253 new coins raised $7.8 billion. In 2019, this “Wild West” market went from boom to bust. Dollars raised in ICOs plummeted 95% compared to 2018, and the Securities and Exchange Commission (SEC) continues to announce new actions against various ICO players for fraud […]
Category: STO News
Crypto Lender BlockFi Secures $30M Series B To Bring In More Institutional Customers
BlockFi, a crypto lending startup based in New Jersey has raised $30 million in the just concluded Series B funding which was led by Peter Thiel’s startup, Valar Ventures. As reported by CoinDesk, BlockFi stated on Thursday the fresh funding is meant to allow the startup to expand in its products portfolio as well as […]
Torus Rolls Out 1-Click Logins To Decentralized Apps With Gmail, Facebook, and Reddit
The key-management startup that offers one-click logins to decentralized apps (dapps) Torus has announced it has new partners for its Web 3.0 product. Joining Torus, those that will run nodes to support the decentralized login system are going to be Binance, Etherscan, Ethereum Name Service (ENS), Ontology, Ziliqa, Skale, Matic Network and Tendermint Core. Web […]
Bitcoin Price Is Creeping Up, Trading Above $11,000 On The Futures Market
Bitcoin price jumps to $10,500 in the spot market but back to $10k “Retests of $9,500 / $9,800 would be healthy,” says trader Crypto Michaël CME Group’s bitcoin futures trading at a premium with open interest surging to $313 million Bakkt has made a 2020 record with $36 million in volume and $17 million in […]
FC Barcelona Ties with Chiliz to Launch Fan Token
This is a part of the football club’s global expansion strategy.
Smartlands Adapts Legal Framework Following Liechtenstein Blockchain Act
On February 12th, 2020, security token platform Smartlands announced a revision regarding its legal framework. The Liechtenstein Blockchain Act took effect earlier this year, allowing for a number of regulatory benefits related to tokenization. Smartlands has now expanded its legal structure to base future projects on Liechtenstein’s new laws. Smartlands’ Transition After the Liechtenstein Blockchain […]
Crypto Related Losses Skyrocket Despite Hacking Crimes Dropping Significantly
According to a Q4, 2019 survey by CipherTrace users have lost 4.5 billion in Ponzi scheme and fraud scams while hacking-related scams have significantly dropped Banks have also fallen prey as US banks unsuspectingly facilitate illegal transactions Losses in 2019 shot up by 160% despite hacking crimes dropping by 66%, this was according to a […]
US Federal Reserve: ‘Every Major Central Bank is Taking a Deep Look at CBDCs’
On February 11th, 2020, United States (US) Federal Reserve Chairman Jerome Powell testified on the economy and monetary policy before the House Financial Services Committee. Chariman Powell fielded questions about the Federal Reserve’s interest in a Central Bank Digital Currency (CBDC), concerns of Libra, and China’s soon-to-be launched CBDC. The United States and a Central […]
Ripple CTO Proposes ‘Deletable Accounts’ On The XRP Ledger (XRPL) Via An Amendment Process
A new feature was proposed by Ripple’s CTO David Schwartz in the amendment process of deletable accounts. This feature will allow XRPL accounts to be removed from the ledger and recovers most of the reserve locked in the account to prevent spam. In the past deleting accounts was impossible as an account always existed, said […]
Tether (USDt) Adds Chainalysis KYT Tool to Improve Its AML Compliance
The famous stablecoin issuer Tether and the blockchain forensics company Chainalysis have closed a partnership for Tether to improve the tools that it uses against money laundering. The announcement that Tether will apply the token issuers’ Know Your Transaction tool from Chainalysis was made on Wednesday. By using this tool, the stablecoin issuer will be […]
