On July 4th 2019, BlockState— a Swiss Securities Tokenization platform— published an investigative study which analyzed over 120 concluded, running, or planned Security Token Offerings (STOs). Its findings suggest the nascent industry, which saw only 5 STOs in 2017, has raised almost $1 billion with just five jurisdictions representative of 75% of all issuances. Security […]
Category: STO News
Gemini Set to Apply for FINRA Broker-Dealer License to Facilitate Security Token Trading
As of early July 2019, Gemini is set to apply for a broker-dealer license. The exchange has already had involvement in the security token industry, and is now taking a step towards facilitating the trading of regulated security tokens. Gemini and a Future FINRA Broker-Dealer License Explained The Gemini cryptocurrency exchange— which is famously owned […]
Telegram’s GRAM Digital Token Is Being Sold For As Much As Three Times Its ICO Price
Telegram’s cryptocurrency Gram seems to be sold for as much as three times its Initial Coin Offering (ICO) price. South Korea’s Gram Asia has been offering sell rights to the Grams it holds at $4 per coin. This is according to a recent report released by Bloomberg. Gram Token Being Sold For Three Times Its […]
Standard Chartered Bank Manager Arrested In India Due To Kashhcoin Cryptocurrency Scam
“Hire expensive lounges and hotels to hold meetups and meetings’. ‘Invite Bollywood’s top celebrities (who know nothing about crypto) to the shows and meetups’. ‘Shill the token and set a low buying price to lure potential investors’. ‘Promise of guaranteed 10% returns on investment for the next five years’.” All these factors show that Kashcoin […]
Dukascopy Stablecoin Now Pegged to Eight Fiat Currencies
At launch, Dukascash was available as three separate tickers, with each token pegged to EUR, USD and CHF respectively.
Telegram’s Planned July Gram ICO Adds Another Strange Fold
When the Gram ICO was announced at the beginning of June, the cryptosphere was wary about the Gram tokens being sold by a third party on the crypto exchange Liquid. Now investors will find the Gram price will be set at $4, though a 50 cent discount will be given to those who pay using […]
eToro Wallet Adds Support For Ethereum Tokens
eToro’s crypto wallet will add support for 120 ERC-20 standard tokens, beginning with Maker, basic attention token, and OmiseGO. Additional tokens will be rolled out in the “near future.”
Securities Exchange Euronext Invests €5 Million in Security Token Platform Tokeny
Announced July 1st 2019, Euronext has invested in compliant securities tokenization platform Tokeny Solutions. The investment resulted in Euronext holding a notable 23.5% stake in Tokeny Solutions. Euronext’s Investment in Security Token Platform Tokeny Explained Euronext is a leading European securities exchange. The company boasts more than 1,300 users and a €3.5 trillion market cap […]
VC Invictus Hyperion Sues Menlo One Token for Value Inflation
The investor is seeking at least $75,000 as damages from the company.
U.S. Lawmakers to Facebook: Halt Libra Now, It is “Intended to Rival U.S. Monetary Policy and the Dollar”
On July 2nd 2019, a group of U.S. Representatives from the House Financial Services Committee wrote a letter to Facebook expressing grave concerns over the risks posed by the social media giant’s latest project, Libra. The lawmakers claim Libra threatens investors, consumers, privacy, and U.S. national security as well as monetary policy. What do US […]
