Blockchain Predictions Market Stox and Founder Sued for $4.6 Million

Blockchain Predictions Market Stox and Founder Sued for $4.6 Million 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Blockchain Predictions Market Stox and Founder Sued for $4.6 Million Israel-based blockchain prediction market platform Stox and its founder Moshe Hogeg are reportedly being sued by a Chinese investor for over $4.6 million over alleged fraud. As reported in The Times of Israel on Friday, investor Zhewen Hu claims in a lawsuit, filed in the Tel Aviv District Court on Jan. 24, that Hogeg had misappropriated some of the crypto millions invested in the firm. The filing also names Yaron Shalem, former CFO at Hogeg’s venture capital firm Singulariteam Ltd. as a defendant, says CTech.…

Blockchain Project Polkadot Plans Second Token Sale to Raise $60 Million

Blockchain Project Polkadot Plans Second Token Sale to Raise $60 Million 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Blockchain Project Polkadot Plans Second Token Sale to Raise $60 Million Update (12:10 UTC, Jan. 27 2019): Polkadot has confirmed the planned fundraising in an email to CoinDesk, saying no new tokens will be issued for the sale. — Blockchain project Polkadot is reportedly seeking to raise up to $60 million through a second token sale. According to a report from The Wall Street Journal on Thursday citing “people familiar with the matter,” the startup’s latest token fundraising effort would bring the value of all its tokens to $1.2 billion, when those…

50 Cut as $60 Million Blockchain Project Nebulas Lays Off 60% of Staff

50 Cut as $60 Million Blockchain Project Nebulas Lays Off 60% of Staff 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

50 Cut as $60 Million Blockchain Project Nebulas Lays Off 60% of Staff The company behind the Nebulas blockchain project has gone from a team of 80 people to just 30, CoinDesk has learned. After gaining attention in August for its decision to delay its token distribution, including holding onto founder tokens for a period of 10 years, the company has undergone a series of layoffs that have seen peripheral elements of its roadmap shelved, at least pending a recovery in the market for Nebulas’ NAS token. “One of the…

Aion Token Project Estimates 18-Month Runway After Bitcoin and Ether Sales

Aion Token Project Estimates 18-Month Runway After Bitcoin and Ether Sales 4  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Aion Token Project Estimates 18-Month Runway After Bitcoin and Ether Sales Cash is king – especially during a crypto winter. That’s the takeaway from a report out Wednesday from the Aion Foundation, which raised $23 million worth of bitcoin and ether through a token sale in October 2017. Compiled with the help of Deloitte, though not formally audited by the Big Four accounting firm, the report details how Aion has been managing its crypto war chest, providing a rare level of transparency for a token project. According to Aion Foundation…

Kik Selects Stellar Over Ethereum for Token Launch

Kik Selects Stellar Over Ethereum for Token Launch 5  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Kik Selects Stellar Over Ethereum for Token Launch Messenger app maker Kik is quitting ethereum for good as it continues to develop its cryptocurrency, dubbed kin. Launched on ethereum early in the ICO boom, Kik has now announced that it will close kin’s atomic swap with ethereum. Without specifying a date, the Kin Ecosystem Foundation said Wednesday that it would soon release a tool for kin holdings off of ethereum. Kik’s token has had several homes in its short life. The company raised just shy of $100 million in crypto during…

PwC Is Advising (Not Auditing) Another Stablecoin Project

PwC Is Advising (Not Auditing) Another Stablecoin Project 6  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

PwC Is Advising (Not Auditing) Another Stablecoin Project The Hong Kong division of global accounting and consulting firm PwC is exploring the best practices for issuing stablecoins, as part of an initiative with the non-profit Loopring Foundation. Announced Tuesday, PwC Hong Kong’s Asia-focused study on stablecoins follows a PwC partnership in the U.S. to advise decentralized lending platform Cred, which is working on a U.S. dollar-tied coin. Stablecoins or one sort or another are suddenly all the rage, with the likes of Circle issuing its dollar-backed USDC on exchange giant Coinbase, and…

Israeli Startups Raised $600 Million Through ICOs in 2018: Report

Israeli Startups Raised $600 Million Through ICOs in 2018: Report 7  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Israeli Startups Raised $600 Million Through ICOs in 2018: Report Israeli startups have brought in more than $600 million in funding from initial coin offerings (ICOs) in the first three quarters of 2018, according to an industry report. Crypto analytics and research firm One Alpha surveyed ICOs and blockchain projects globally, from the past year, aiming to provide an overview on the status of the blockchain and ICO ecosystem, with a particular focus on Israel. One Alpha’s survey counted 140 active blockchain-related companies in Israel, which, when combined with other…

The Incoming Wave of ICO Regulation (Yes, It’s Coming)

The Incoming Wave of ICO Regulation (Yes, It's Coming) 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

The Incoming Wave of ICO Regulation (Yes, It’s Coming) Alex Sunnarborg is a Founder of Tetras Capital. Previously, he was a research analyst at CoinDesk and a founder of the crypto investing app Lawnmower. As you may know, securities classification analysis in the U.S. today primarily revolves around the Securities Act of 1933 and the SEC v. W.J. Howey Co. Supreme Court case of 1946. The Securities Act of 1933 was established to require issuers to disclose certain pieces of information to potential investors prior to any public securities offering. This law was…

Global AML Watchdog to Release Crypto Regulations By Next June

Global AML Watchdog to Release Crypto Regulations By Next June 16  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Global AML Watchdog to Release Crypto Regulations By Next June A global money-laundering watchdog has said it will begin publishing rules for international cryptocurrency regulation by next summer.According to a Reuters report Friday, the Financial Action Task Force (FATF) – the France-based intergovernmental body founded in 1989 to develop policies for tackling money laundering – said that global jurisdictions will have to bring into force licensing schemes or regulations for crypto exchanges and possibly digital wallet providers under the new rules. Companies offering financial services for initial coin offerings will also be included,…

Media Startup Civil to Issue Refunds as $8 Million Token Sale Fails

Media Startup Civil to Issue Refunds as $8 Million Token Sale Fails 17  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Media Startup Civil to Issue Refunds as $8 Million Token Sale Fails Civil, the New York-based startup aiming to put journalism on a blockchain, is to refund users who participated in its token sale, after failing to meet its pre-set minimum target.Matthew Iles, Civil’s CEO, wrote in a blog post on Tuesday that the startup closed sales of its proprietary CVL token on Oct. 15, falling short of the goal to achieve funding of at least $8 million. Having received a $5 million investment from ethereum startup Consensys last year,…