Tag Archives: tokens

Indiegogo’s First Security Token ICO Raised $18 Million

Indiegogo’s First Security Token ICO Raised $18 Million

The owner-operator of the St. Regis Aspen Resort has concluded its security token offering (STO), raising $18 million in the first equity ICO hosted on the Indiegogo platform. Asset management firm Elevated Returns, the owner of St. Regis Aspen, on Tuesday announced that accredited investors had purchased all $18 million worth of Aspen Coins made available through […]

Gemini Dollar (GUSD) vs. Paxos Standard (PAX)

Gemini Dollar (GUSD) vs. Paxos Standard (PAX)

What GUSD and PAX Have in Common Both of these are: the world’s first-ever regulated stablecoins, approved and regulated by the New York State Department of Financial Services (NYDFS); subject to the stringent requirements of the NYDFS, which means, for example, that Gemini and Paxos must “implement, monitor and update effective risk-based controls and appropriate BSA/AML and OFAC controls”;  “implement, monitor […]

Investment Firm Morgan Creek Launches Digital Asset Index Fund Excluding Pre-Mined Cryptos

Investment Firm Morgan Creek Launches Digital Asset Index Fund Excluding Pre-Mined Cryptos

Morgan Creek Digital, backed by the institutional investment house Morgan Creek Capital with $1.5 billion in assets under management , has launched a new Digital Asset Index Fund in partnership with Bitwise, Forbes reports August 28. The new fund will give accredited investors, endowments, pensions and other approved institutional investors the possibility to gain indirect exposure to […]

Everything You Need to Know About Cryptocurrency Regulation (Right Now)

Everything You Need to Know About Cryptocurrency Regulation (Right Now)

The meteoric rise of cryptocurrencies has taken the world by storm. Innovators, investors, users, and governments are scrambling to wrap their heads around cryptocurrencies and the blockchain technology that they rely upon. The emergence of a new market and business model has created great opportunities for participants, but it also carries significant risk. Cryptocurrencies present […]

Hodler’s Digest, July 29-August 5: Both Kim Kardashian and the Operator of the New York Stock Exchange Get Into Bitcoin

Hodler’s Digest, July 29-August 5: Both Kim Kardashian and the Operator of the New York Stock Exchange Get Into Bitcoin

New York Stock Exchange Operator Announces Digital Assets Platform, BTC Futures Intercontinental Exchange, the operator of 23 global exchanges including the New York Stock Exchange (NYSE), has announced plans to launch an “open and regulated” global digital asset ecosystem, as well as one-day physically delivered Bitcoin contracts pending CFTC review and approval. The company, called “Bakkt,” will work with […]

IBM Is Helping Launch a Price-Stable Crypto With FDIC-Insured Funds

IBM Is Helping Launch a Price-Stable Crypto With FDIC-Insured Funds

The latest attempt to create a cryptocurrency pegged to the U.S. dollar, or “stablecoin,” combines 21st-century technology with an invention from the Great Depression. Announced Tuesday, a startup called Stronghold is launching USD Anchor, which will run on the rails of the Stellar blockchain and use its consensus mechanism to verify transactions. The token will be backed […]

Wall Street Crypto Trader Calls Bitcoin ‘Currency of the Internet’, ‘Digital Gold’, and ‘Reserve Currency’ of the Crypto Space

Wall Street Crypto Trader Calls Bitcoin ‘Currency of the Internet’, ‘Digital Gold’, and ‘Reserve Currency’ of the Crypto Space

On Tuesday (10 July 2018), whilst appearing as a guest on CNBC’s Fast Money, Bart Smith, Head of Digital Asset at Susquehanna International Group, one of the largest privately-held trading firms in the world, called Bitcoin (BTC) “Currency of the Internet”, “Digital Gold”, and “Reserve Currency” of the crypto space. The segment featuring Bart Smith started with hedge fund manager Brian Kelly saying that “ultimately, Bitcoin […]

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 […]

What Would Happen to Crypto In a Global Market Meltdown?

What Would Happen to Crypto In a Global Market Meltdown?

A common thought experiment in the crypto community is to ponder how cryptocurrencies would fare in the event of another global financial meltdown. It is not an idle question. There is a host of troubling developments in the global economy: the threat of a trade war, jitters in Italian debt markets, problems at Deutsche Bank and new emerging market […]