Bittrex Exchange Nixes RAID Token Sale at 11th Hour

Bittrex Exchange Nixes RAID Token Sale at 11th Hour 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bittrex Exchange Nixes RAID Token Sale Cryptocurrency exchange Bittrex said it canceled an “initial exchange offering” (IEO) just hours before it was set to launch. The RAID Project had planned to raise $6 million through the sale of a token called XRD to the exchange’s customers. But Bittrex said it called off the sale after learning that the issuer’s strategic partnership with an e-gaming data analytics company OP.GG had been abruptly terminated. That alliance “was a vital part of the RAID project,” Bittrex said in a statement. “When Bittrex International became aware…

Crypto Mogul Moshe Hogeg’s ICOs Have Unusual Patterns, Analysis Finds

Crypto Mogul Moshe Hogeg's ICOs Have Unusual Patterns, Analysis Finds 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Crypto Mogul Moshe Hogeg’s ICOs Have Unusual Patterns, Analysis Finds Best-known internationally as the chief executive of the blockchain smartphone startup Sirin Labs, Moshe Hogeg is becoming known for something else in Israel – mounting lawsuits. As reported extensively by regional news outlets, a lawsuit filed in January claims Hogeg misappropriated funds from the sale of new cryptocurrencies for both his own gain and to benefit his investment portfolio, including Sirin Labs. The judge has reportedly given Hogeg until March 15 to settle with the plaintiff, Chinese investor Zhewen Hu.…

Thailand’s Securities Watchdog Approves Country’s First ICO Portal

Thailand's Securities Watchdog Approves Country's First ICO Portal 4  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

  Thailand’s Securities Watchdog Approves Country’s First ICO Portal Thailand’s Securities and Exchange Commission (SEC) has given the green light to the country’s first portal for scrutinized initial coin offerings (ICOs). As reported by Bangkok Post on Wednesday, the decision was made by the SEC’s board of directors and now needs final approval from other government bodies such as the Ministry of Commerce, according to the agency’s director of fintech, Archari Suppiroj. The portal is being developed to protect investors by scrutinizing ICOs and auditing their smart contracts, as well as countering financial crimes by…

Security Token Startup Templum Shifts to Private Blockchains

Security Token Startup Templum Shifts to Private Blockchains 5  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Security Token Startup Templum Shifts to Private Blockchains Security token specialist Templum is shifting from public to private blockchains. Announced Monday, enterprise software vendor Symbiont is building a private blockchain and smart contracts system that Templum will use for future security token offerings (STOs) by its clients. Previously, the regulated broker-dealer left the choice of blockchain protocol up to the issuers, but this posed problems, Templum CEO Christopher Pallotta told CoinDesk. Many were choosing ERC-20 tokens that run on top of ethereum, said Pallotta, but that network’s well-known scaling challenges meant trading…

Brazilian Bank Aims to Raise $15 Million Through Security Token Offering

Brazilian Bank Aims to Raise $15 Million Through Security Token Offering 6  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Brazilian Bank Aims to Raise $15 Million Through Security Token Offering A Brazilian investment bank is planning to raise millions of dollars through the offering of a security token. In an announcement Thursday, Banco BTG Pactual said it will back its blockchain-based token with distressed Brazilian real estate assets, with the expectation of raising up to $15 million. It will also establish a secondary market following the sale in order to provide liquidity to the tokens. The offering will allow investors to invest in the Brazilian real estate market and, based on the…

BitTorrent Token Is Already Nearly 6 Times Its ICO Price

BitTorrent Token Is Already Nearly 6 Times Its ICO Price 7  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

BitTorrent Token Is Already Nearly 6 Times Its ICO Price The price of BitTorrent Token (BTT) is closing in on six times the price of its initial coin offering (ICO), which occurred just one week ago. 59.8 billion BTT tokens were sold through Binance’s token sale platform on Jan. 28 at a price of $0.00012 per token, according to sale information provided by the exchange. Up nearly 40 percent today alone, BTT is now trading at a considerably higher price of $0.000798 – representing a 565 percent increase from its…

South Korea Will Maintain ICO Ban After Finding Token Projects Broke Rules

South Korea Will Maintain ICO Ban After Finding Token Projects Broke Rules 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

South Korea Will Maintain ICO Ban After Finding Token Projects Broke Rules South Korea’s top financial regulator has said it will not lift the ban on domestic initial coin offerings (ICOs) after finding that some projects have been violating rules. As ICO investment is a “high risk” activity, the Financial Services Commission (FSC) said, calling on the public to exercise caution when investing in token projects, according to a report from CoinDesk Korea. The FSC decision was informed by the results of a survey conducted by the Financial Supervisory Service…

From Mar-a-Lago to Coinbase, Dubious Claims Follow Doc.com Token Sales

From Mar-a-Lago to Coinbase, Dubious Claims Follow Doc.com Token Sales 9  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

From Mar-a-Lago to Coinbase, Dubious Claims Follow Doc.com Token Sales A health startup tied to a public cryptocurrency is using overstated language about some of its industry relationships and its affiliation with crypto exchange Coinbase as it seeks to sell tokens to investors, a CoinDesk investigation has found. Mexico City-based Doc.com, which offers an app that provides healthcare and psychology consulting to underprivileged communities, also features a built-in wallet for the startup’s cryptocurrency, MTC. The venture-backed startup raised over $1.8 million in an initial coin offering (ICO) in 2018, then…

Chat App Kik Says It Will Fight SEC Over Possible ICO Action

Chat App Kik Says It Will Fight SEC Over Possible ICO Action 10  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Chat App Kik Says It Will Fight SEC Over Possible ICO Action Canada-based messaging app company Kik is planning to fight a likely U.S. Securities and Exchange Commission (SEC) enforcement action over its 2017 initial coin offering (ICO). According to a report from The Wall Street Journal on Sunday, Kik founder and CEO Ted Livingston said that the firm’s token, kin, works like a currency and is not “an unregistered security” as believed by the SEC. Kik raised almost $100 million via a sale of the token last September. With ICOs…

Don’t Throw the Crypto Tokens Out With the Bathwater

Don't Throw the Crypto Tokens Out With the Bathwater 11  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Don’t Throw the Crypto Tokens Out With the Bathwater Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. ___________ A year into the crypto market meltdown, we’ve gone from one extreme to the other. Where investors and commentators were once consumed with the naïve belief that ICO-funded startups would quickly usher in a new token-driven decentralized economy and unlock untold…