Tag Archives: ICO

Chairman of Korean Gaming Giant Predicts Use of Blockchain in ‘All Industries’ in Future

Chairman of Korean Gaming Giant Predicts Use of Blockchain in ‘All Industries’ in Future

The chairman of Netmarble, one of the largest South Korean gaming companies, believes that blockchain technology will soon be applied across all industries, local news outlet EDaily reports June 20. Netmarble reported revenue of 1.5 trillion won (about $1.35 billion) in 2016, with a market cap of 12.86 trillion won (about $11.59 billion) today. During the 9th Annual Strategy Forum held in Seoul, chairman Bang […]

Bancor Launches Community Token Network to Combat Poverty in Kenya

Bancor Launches Community Token Network to Combat Poverty in Kenya

Bancor is launching a network of blockchain-based community currencies in Kenya aimed at combating poverty, according to a press release shared with Cointelegraph June 18. Bancor, self-described as a “decentralized liquidity network,” secured a then-unprecedented $153 million in under three hours in an Initial Coin Offering (ICO) June 2017. The company’s new project seeks to stimulate […]

Hodler’s Digest, June 11-17: A Regulatory Win for Ethereum and a Falling Market

Hodler’s Digest, June 11-17: A Regulatory Win for Ethereum and a Falling Market

Top Stories This Week Fundstrat’s Tom Lee Points To Bitcoin Futures As Reason For Price Declines Tom Lee released a report this week that posited that the reason for the falling price of Bitcoin can be linked to the expiration of Bitcoin futures contracts. According to Lee, Bitcoin’s price usually drops around 10 days before the expiration of the […]

Italy and Crypto: Naples Mayor Talks About City’s Focus Group to Promote Blockchain and Possible Municipal ICO

Italy and Crypto: Naples Mayor Talks About City’s Focus Group to Promote Blockchain and Possible Municipal ICO

A working group devoted to blockchain on the initiative of institutions, hundreds of volunteers from all over the world, a big and efficient plan for the future – it’s happening in Naples, the capital of the Italian region of Campania in the south of the country. The city, through a recent press release, announced the creation […]

SEC Chairman: Tokens are Not Exempt From Regulation, Expresses Discomfort

SEC Chairman: Tokens are Not Exempt From Regulation, Expresses Discomfort

Government agencies all over the world scrutinize ICOs and their associated tokens. The SEC is an excellent example of the most recent developments taking place. Chairman Jay Clayton is seemingly convinced all tokens will be subject to regulation. That may prove impossible to enforce. Jay Clayton has a Unique View SEC Chairman Jay Clayton wants […]

Lithuanian Gov’t Releases ICO Guidelines That Aim to Create ‘Certainty and Transparency’

Lithuanian Gov’t Releases ICO Guidelines That Aim to Create ‘Certainty and Transparency’

Lithuania has released comprehensive new “guidelines” on Initial Coin Offerings (ICOs) in a document published June 8.  Officials are heralding the move as a “step towards certainty and transparency” in the country. Coming two months after the government set up a roundtable to establish dialogue between banks, ICO operators and other entities, the guidelines see confirmation from Minister […]

Amid Chaos, Our Decentralized Future Is Being Built

Amid Chaos, Our Decentralized Future Is Being Built

  If, during CoinDesk’s Consensus conference in May 2017, I’d predicted the crypto and blockchain industry’s subsequent experiences, you wouldn’t have believed me. Back then, CoinDesk’s Bitcoin Price Index (BPI) was around $2,400. Six months later, it passed through $10,000 – right when 1,300 investors and financial professionals attended the inaugural Consensus: Invest conference. But that was […]

US Justice Department reportedly opens criminal investigation into bitcoin price manipulation

US Justice Department reportedly opens criminal investigation into bitcoin price manipulation

The Justice Department has opened a criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies, dramatically ratcheting up U.S. scrutiny of red-hot markets that critics say are rife with misconduct, according to four people familiar with the matter. The investigation is focused on illegal practices that can influence prices […]

Mitsubishi, MUFG Conduct Successful Pilot Payment With Major Thai Bank’s Blockchain

Mitsubishi, MUFG Conduct Successful Pilot Payment With Major Thai Bank’s Blockchain

Several major global banks have successfully completed a cross-border payment pilot test using Thai bank Krungsri’s (Bank of Ayudhya) Blockchain Interledger, according to a press release May 22. The pilot, conducted in the Bank of Thailand’s (BOT) regulatory sandbox, was executed by Japan’s Mitsubishi Group, their banking unit MUFG Bank, and the Standard Chartered Singapore bank. The […]

ICO Project Polymath Is Trying to Buy a Stake In a Real Stock Exchange

ICO Project Polymath Is Trying to Buy a Stake In a Real Stock Exchange

If one announcement summarizes the ambitions of crypto project Polymath, it might be Wednesday’s acquisition of the domain “Tokens.com” One of its several this week, it cuts to the heart of the project’s aims to dominate the issuance of tokenized securities. But the plans go beyond just the acquisition of potentially popular domain names. In the […]