Blockchain 

Bakkt’s Plans for Its Options, Cash-Settled Futures Products

Over the past few years, a wide range of new Bitcoin-related investment products have been brought to the crypto market, and the company at the forefront of this has been Bakkt. In a new development that could also have far-reaching implications for the crypto space, the company has now gone launched its Bitcoin options and futures contracts that are settled in cash. The products have already gone live, and it will be interesting to see the sort of interest they generate. Highly Innovative This is a significant development for all…

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Ethereum 

South Africa Plans New Crypto Regulations: Key Factors to Watch

Over the past few years, the popularity of cryptocurrencies has increased at an exponential rate, and due to that enormous growth, crypto regulations have become an important part of the discourse. In many countries across the world, cryptocurrencies are now legal, and millions of people trade in a wide range of assets every day. All About New Regulations It has now emerged that the South African Reserve Bank (SARB) is all set to introduce new regulations when it comes to the use of cryptocurrencies. The bank is trying to bring…

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Cryptocurrency 

Telegram Investors Stick With TON Plans Despite SEC Injuction

Telegram investors have turned down the offer of a refund on their investment in the TON ICO despite an injunction by the SEC delaying the launch of the network. Telegram, which is an important part of the crypto ecosystem due to its encrypted communication abilities, has been embroiled in a dispute with the US Securities and Exchange Commission, which argues that its planned blockchain, Telegram Open Network (TON), is a security, meaning the ICO was actually illegal. The commission issued an injunction last week preventing the company from launching TON…

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Blockchain 

INX Plans to Raise $130 Million USD From Milestone IPO

INX ltd, a crypto exchange startup, has announced plans to raise up to $130 million USD through an Initial Public Offering (IPO). INX has developed a regulated platform for cryptocurrency trading and an alternative trading system for security tokens, which it hopes will become a one-stop-shop crypto services platform. The move to raise money through an IPO is quite unusual by market standards, as generally crypto startups tend to raise capital via Initial Coin Offerings (ICO). On Monday, the company filed a draft prospectus with the US Securities and Exchanges Commission…

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Blockchain 

Bitfinex Plans to Sell $1 Billion Worth of LEO Tokens

Bitfinex has revealed plans of selling its asset LEO, which is estimated to be worth $1 billion. Although this might be seen as a bland move, leading analysts have nonetheless warned that it might hurt Bitcoin. $1 Billion Worth of LEO Tokens In a report last week by NewsBTC, Dovey Wan, the founder of Primitive Ventures, indicated that Bitfinex had plans of raising over $1 billion through the offering of its branded crypto assets through an on-platform initial coin offering. A section of the crypto community took the news as…

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Blockchain 

Bitfinex Tether Issue Continues | CoinFlip and Tron Postpone Plans

Last week, news about the Bitfinex and Tether issue surfaced when The New York Attorney General’s office said it received a court order against iFinex, the company behind Bitfinex and Tether. While Bitfinex has issued a response to the claims made by the NYAG, the issue hasn’t gone away. If anything, things are worse. On Wednesday, CoinFlip announced it is going to postpone tether buying “until the smoke clears.” Here’s what we know. Bitfinex and Tether Issue Continues On April 25, NYAG Letitia James said her department is looking into…

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Cryptocurrency 

LINE’s Token-Powered Ecosystem | Plans have been Unveiled

Plans for LINE’s token-powered ecosystem have been unveiled. The messaging app giant from Japan announced its new venture at CoinDesk’s Consensus: Singapore event this morning. LINE’s plans are ambitious; it wants to launch its new system by the end of 2018. Will it do it? LINE’s Token-Powered Ecosystem It can have such ambition because LINE already has more than 164 million monthly active users across four key countries. It is this user-base that the app giant will capitalize on to launch its token-powered ecosystem. LINE’s token-powered ecosystem centers around its previously announced LINK token. The…

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ICOs 

Telegram ICO Plans Come to a Halt

The London-based company – Telegram, has halted its plans to broaden its ICO. This news is significant, considering this was the largest crypto fundraising effort in the world. What has caused the Telegram ICO plans to stall? Telegram ICO Plans News broke this week that Telegram has shut down its public ICO. This may come as a shock to a few, considering the significance of the fundraising effort, as well as the fact that Telegram had been pushing to make a mainstream crypto for some time now. Initially, Telegram was…

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