OKB, the native exchange token for OKEx, has lost nearly an additional 20% of its market value Saturday, bringing its total drop to roughly 30% since the second-largest cryptocurrency derivatives exchange suspended withdrawals early Friday morning due to a keyholder being “out of touch”. Source link
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The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
The Japanese financial group is also mulling other business lines around tokenized securities. Source link
Making consensus Featured panel CoinDesk is preparing for the invest: ethereum economy virtual event on Oct. 14 with a special series of newsletters focused on Ethereum’s past, present and future. Every day until the event the team behind Blockchain Bites will dive into an aspect of Ethereum that excites or confuses us. The Top Shelf news you subscribed to is down below. Now, a few words from CoinDesk tech reporter Colin Harper. Stablecoin use on DeFi applications has exploded in 2020. Approximately $20 billion of crypto dollars are floating around, and a few billion of these have found their way into the ether by way of yield […]
A U.S. judge ruled Wednesday that Kik violated securities law when it raised $100 million via a token sale in 2017. Judge Alvin Hellerstein, a U.S. district judge for the Southern District of New York, wrote that in his view, Kik’s “token distribution event” (TDE) satisfied the three prongs of the Howey Test, referring to the Supreme Court case used as a standard for determining whether the sale of something is a securities sale. The Securities and Exchange Commission (SEC), which filed the suit against Kik last year, maintained that the messaging platform’s Kin token sale was an unregistered securities offering […]
A token for rewarding content on a specific Reddit forum now has the unusual honor of being thousands of times bigger than the entire global economy… kind of. MOON, a community token for the r/Cryptocurrency subreddit, technically has a market cap of over $2.88 septillion (that’s 24 zeroes) at press time. That dwarves the global economy which, as per data from the World Bank, came to approximately $133 trillion in 2019. So on paper, a four-month old token, designed to reward good content on a subreddit, has “mooned” to become 2,000 times bigger than the value of everything else humanity has […]
Messaging app company LINK has started a rewards program where people can get LINK tokens by using its remittance and investment mobile apps. Source link
A decentralized way to copy bitcoin (BTC) over to Ethereum is relaunching today after a smart-contract bug sunk the project in May. Called tBTC, the Thesis-built protocol was first announced in April, and is now ready for a fresh start. BTC holders who want to use Ethereum but worry about censorship risk with BitGo’s WBTC are invited to deposit BTC and mint TBTC tokens. Putting bitcoin on Ethereum gives the godfather cryptocurrency access to the yields of decentralized finance (DeFi) and has taken off in earnest since tBTC’s aborted launch. Over $1 billion in bitcoin is now tokenized on Ethereum. According […]
Once the registration statement becomes effective, Enigma would be required to file annual and quarterly reports with the regulatory body for its token. Source link
Earlier this week, analysts with the cryptocurrency analysis firm Arcane Research were musing that new developments appeared to have slowed in the fast-growing blockchain arena of decentralized finance, known as DeFi. But they predicted any lull was likely to be temporary. “A new boost for DeFi tokens could be right around the corner,” Arcane wrote Tuesday in a report. “The sector seems determined to grow further.” As if on cue, the decentralized exchange Uniswap late Wednesday made a surprise delivery of its new governance tokens to anyone who had ever used the project. Traders each got at least 400 of the UNI tokens, worth about $1,200 – […]
Uniswap’s new UNI token is already trading at double the price it started out when it launched less than two days ago. Source link
Uniswap issued a governance token, Kraken is the world’s first crypto bank and there are more “newbie” bitcoin investors than any time in the past two years. Top shelf Crypto’s bankKraken Financial, a newly formed division of the popular crypto exchange, has become the first firm to receive a special type of charter making it a bank. On Wednesday, the Wyoming Banking Board approved the exchange’s application for a special purpose depository institution (SPDI) charter – making it a licensed bank in the state, replete with access to federal payments infrastructure and opening the doors to issuing digital-asset debit cards and savings accounts […]
Uniswap’s new UNI tokens can be deposited on Coinbase Pro immediately, with trading to follow when there’s sufficient liquidity. Source link
The number of pending transactions on Ethereum per minute has jumped 30% after the claim for Uniswap’s UNI token begins. The decentralized trading platform announced around 00:30 UTC time Thursday that it has launched its governance token dubbed UNI with 1 billion coins that will be released over the next four years. While the liquidity mining for the governance token will not start until Friday, Uniswap said historical users and liquidity providers on the platform are now able to claim for 400 UNI per each address. “15% of UNI [150,000,000 UNI] can immediately be claimed by historical liquidity providers, users, and […]
Decentralized trading platform Uniswap has launched a governance token, UNI, minting 1 billion coins to be released to the public over the next four years. Read more: SushiSwap Will Withdraw Up to $830M From Uniswap Today: Why It Matters for DeFi Source link
The inaugural project on ConsenSys’ anti-speculation platform, Activate, has completed a token sale with roughly 4,000 investors from 90 countries, the companies announced Monday. Around 13,000 investors with a total capital pool of $57 million had expressed interest in the Ethereum scaling project SKALE. Around $43 million of that pool was from 4,300 investors who made it through know-your-customer (KYC) checks. Ultimately, SKALE ended up raising $5 million because of regulatory constraints in Liechtenstein, where the nonprofit focused on promoting the SKALE network, the NODE Foundation, is based. SKALE is a proof-of-stake (PoS) network that aims to run thousands of transactions […]
The already highly priced YFI governance token for yEarn.Finance has jumped an additional $6,000 on the news it’ll be listed on Coinbase Pro. Source link
SushiSwap, the automated market maker aiming to unseat market leader Uniswap, has moved up its launch by five days. Because of SushiSwap, total value in assets locked on Uniswap have gone up by just under $1.5 billion since the SushiSwap contract went into effect at block 10750000 on August 28, according to DeFi Pulse, making Uniswap the largest holder of Ethereum assets in DeFi right now. Both Uniswap and Sushiswap are designed to always have a price at which they will swap any two tokens they have in liquidity pools. One app is able to drive liquidity into another because of […]
Grant ranging from $1,000 to $5,000 will be paid out in dollars. Once Stacks 2.0 goes live, the funding switches over to STX. Source link
You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team and edited by Bradley Keoun, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in context every wild swing in bitcoin and more. We follow the money so you don’t have to. You can subscribe here. Price Point Bitcoin (BTC) was up 2.2% early Tuesday, starting off September on a strong note after an anemic performance last month. The dollar dropped to a two-year low against major trading partners’ currencies. The largest cryptocurrency climbed 2.6% in August, underperforming the 25% gain […]
Price point Bitcoin was up slightly at about $11,776 early Monday, rising along with European equities, stock futures, gold, copper and oil amid optimism over a coronavirus vaccine and treatments. The dollar weakened. The largest cryptocurrency is coming off a 2.2% decline in the seven days through Aug. 23, breaking a four-week string of gains. You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in context every wild swing in bitcoin and more. We follow the money so you […]
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
CORRECTION (Aug. 20, 13:18 UTC): Adds context at the top of the story to make it clear it’s the price of a single YFI that’s more expensive than a single BTC and that the overall market value of bitcoin continues to be vastly greater. Also notes other tokens are priced above bitcoin, but YFI is the only one with notable trading volume. Though the total market value of yEarn.finance’s governance token (YFI) is still little more than a rounding error compared with sector behemoth bitcoin’s (BTC), the explosive growth of decentralized finance (DeFi) along with the recent fallback in BTC have […]
A governance token for DeFi investment protocol yEarn Finance has shot up to over $11,000 despite barely being a month old. Source link
The blockchain subsidiary of the messaging app giant has made its LINK (LN) token available to Japan-based traders for the first time. Source link
Under a pair of U.S. Securities and Exchange Commission (SEC) regulations, crowd-equity platform Republic has raised $16 million through the sale of its Republic Note security token. Announced Wednesday, the firm secured commitments of $11 million through a Regulation D offering. An additional $5 million from non-accredited investors was committed through a Regulation A+ offering that has yet to be approved. “What we did was a Reg D and a ‘testing the waters’ under Reg A+,” Republic CEO Kendrick Nguyen explained in a phone call. “We will hold [the non-accredited investors’] space until we can qualify the Reg A+ and close […]
Elrond’s move onto mainnet will replace 19.98 billion testnet tokens with 20 million mainnet tokens at a rate of 1000:1. Source link
Cardano hard forked to its proof-of-stake network, token platform tZERO cut staff and compensation, and a derivatives exchange is looking to list on Nasdaq. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here. Top shelf Hello, ShelleyCardano is now running a proof-of-stake consensus mechanism. Announced Wednesday, the open-source smart-contract platform designed to challenge Ethereum’s lead position, hard-forked from the centralized Byron network into the decentralized Shelley network. IOHK, the lead design firm, said “hundreds” of assets are expected to run on the […]
Aave’s LEND token is the day’s top performer among cryptocurrencies with at least $100 million market capitalization. Source link
The Jack Dorsey-backed token platform CoinList launched an exchange Thursday aimed at institutional traders. CoinList Pro, modeled after the incumbent rival, Coinbase Pro, is an exchange tailored to trading and buying the new tokens listed by CoinList clients. CoinList launched some of the trendiest cryptocurrency sales to date for non-U.S. and accredited investors, including offerings from Celo, Solana and Filecoin. CoinList CEO Andy Bromberg said the token-issuing platform has facilitated nearly $1 billion worth of transactions from “hundreds of thousands” of users since 2017. The new service will rely on partnerships with startups like BitGo, Bison Trails and Anchorage for staking […]
Chinese police have arrested 27 leaders and 82 others suspected of operating the Ponzi scheme. Source link
As a registered broker-dealer, Watchdog Capital said it is in a position to offer a whole host of SEC-exempted offerings for security tokens. Source link
Brooklyn Nets guard Spencer Dinwiddie fought the NBA for months over his plan to tokenize his $34 million contract. Now, with the NBA’s concerns apparently addressed and the sale closed out, Dinwiddie’s plan hit a different obstacle: investor interest. Dinwiddie’s issuer SD26 LLC sold just nine of the 90 available tokenized contract shares to eight total investors as of Wednesday, according to CoinDesk’s review of Form D regulatory filings and the security’s token’s issuance history on Etherscan. With shares priced at $150,000, just $1,350,000 (or one-tenth of the target $13.5 million sale) was sold. Project insiders have previously said the sale […]
One of the things crypto traders like about bitcoin is that it’s resistant to inflation, potentially serving as a hedge against the trillions of dollars of money that central banks have printed this year to address the coronavirus-inflicted economic collapse. But what if a cryptocurrency were designed to produce its own inflation – as a good thing? You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in context every wild swing in bitcoin and more. We follow the money so […]
A new governance token in decentralized finance (DeFi) is captivating yield farmers’ attention. Its creator didn’t set aside any of the tokens for himself and he insists the new token has no monetary value. YFI is the governance token for Yearn.Finance, a site that performs a variety of functions for DeFi users, moving their assets in and out of different liquidity pools in order to find the best yields. Its name may also be a reference to an unflattering internet acronym. “Each of these systems have control mechanisms, configurable fees, maintenance controls, and rules that can be modified. Thus far, these […]
The native token of the decentralized lender Aave has risen by over 100% this month alone. Source link
Switzerland’s licensed crypto-first bank SEBA and Corda-based Digital Asset Shared Ledger (DASL) announced a new partnership on Wednesday letting the bank offer asset securitization services on Corda’s public network. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Framework Ventures and Three Arrows Capital announced a $3 million investment in Aave, the firm behind the third-largest lending platform in DeFi. Source link
Retail interest in Chainlink, which acts as a bridge between cryptocurrency smart contracts and off-chain data feeds, is now at the highest level it has ever been. According to Google Trends, worldwide queries for the word “Chainlink” on the search engine reached a score of 100 in the week ended July 12, more than double what it was the preceding week. A score of 100 indicates it is the maximum number of searches observed for a term during a given time frame. The increased retail interest in the project could be attributed to the link token’s recent meteoric price rally. The […]
There’s one thing that all investors like: doubling, tripling, or even quadrupling their money. How about a 12-fold increase? That’s what traders have reaped this year from the decentralized lender Aave’s LEND token, up about 1,200% on a year-to-date basis. You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in context every wild swing in bitcoin and more. We follow the money so you don’t have to. You can subscribe here. Other tokens from the realm of decentralized finance, known […]
Chainlink’s link token jumped to record highs on Monday, far surpassing bitcoin’s returns since the start of 2020. The ever-increasing use of Chainlink’s price oracles in decentralized finance (DeFi) is driving the cryptocurrency higher, according to analysts. The 12th largest cryptocurrency by market value clocked a lifetime high of $5.72 at 11:45 UTC (7:45 a.m. ET) and was last trading at $5.65, representing over 200% gains on a year-to-date basis. Meanwhile, bitcoin is down more than 50% from its lifetime high of $20,000 reached in December 2017 and has gained only 29% so far this year, according to data source Coin […]
One startup founder has done the math and he thinks the true value for the COMP token right now should be more like $40. The governance token for the Compound lending platform has been trading between $172 and $215 over the last seven days, according to CoinGecko, after touching a yield-farming-fueled high of $373 on June 21. Pankaj Balani, CEO of Delta Exchange, a derivatives marketplace for cryptocurrency, ascribed COMP’s high prices to “initial euphoria.” Read more: What Is Yield Farming? The Rocket Fuel of DeFi, Explained Delta Exchange said the analysis was provided to help the market better price governance […]
Blockchain predictions platform Augur is launching a new version of its protocol next month, but users will have to migrate to a new token if they want to use it. The company announced Monday the “v2” rollout has been slated for release on July 28, and will represent an entirely new deployment of the Augur core protocol on the Ethereum network. Augur v1 will continue to exist in its current form independently on Ethereum, as it has no “escape hatch or method of halting trading activity on the protocol or of the REP token,” the company said. Augur v2 will offer […]
Matic Network announced Sunday that the first iteration of its staking solution was now live. Launched in stages, direct staking will initially be restricted to the Matic Foundation, the non-profit behind the Ethereum-based scaling solution, which will stake tokens on users’ behalf, the company said in a press release. The Matic Network is a dapp-ready sidechain designed to take some of the heavy lifting off the bottleneck-prone Ethereum network. It claims it can handle anywhere between 4,000 to 10,000 transactions per second – on par with the likes of EOS and TRON that bill themselves as scalable alternatives. Matic is keen […]
The COMP token may have been around for less than two weeks, but it’s already been listed on both Coinbase’s retail and Pro platforms. The San Francisco-based exchange said in a blog post Thursday the token had been made available on Coinbase.com and via the firm’s Android and iOS apps. “Coinbase customers can now buy, sell, convert, send, receive or store COMP. COMP will be available for customers in all Coinbase-supported regions, with the exception of New York state,” the exchange said. COMP was listed on Coinbase Pro, the exchange’s professional trading platform, on Monday, in what was one of the […]
Decentralized finance (DeFi) protocol Compound saw its governance token, COMP, skyrocket in price when it launched last week. Now, decentralized options marketplace Opyn has launched put options on COMP that will provide a safety net of sorts by helping holders mitigate some of the risk should COMP’s fortunes take a turn for the worse in the next few days. “We’re excited to launch @compoundfinance COMP put options! You can protect yourself if COMP falls to $150 or lower before July 3rd,” Opyn’s official handle tweeted early Friday. Several hours later, Universal Market Access (UMA) announced it is creating the ability to […]
The COVID-19 crisis may have been the last straw for a non-profit digital identity organization, breaking its efforts to raise funds to pay staff and carry out a regulated token issuance. The Sovrin Foundation, a U.S.-based umbrella organization that oversees the development of blockchain-based digital identity standards (also known as self-sovereign identity or SSI), laid off nine full-time and six part-time employees in March, officially becoming a volunteer-run operation. “Sovrin’s transition from a permanently staffed organization to a volunteer-led one is now complete,” Paul Knowles, Sovrin’s external press representative, said in a statement emailed to CoinDesk. “We are pleased to state […]
Brooklyn-based blockchain firm Kadena hopes its new app can verify that COVID-19 tests are the real deal by letting users track test kits. Announced Thursday, Kadena said the open-source application would be available to use on its testnet immediately, and would provide a secure way for medical professionals and patients to communicate and store test results. Helmed by former JPMorgan blockchain leads, Kadena markets itself as a high-throughput alternative to the Bitcoin and Ethereum blockchains. Its plan to ensure the authenticity of coronavirus tests is to use QR codes to track the kits from the manufacturer to the healthcare provider, making […]
Citing regulatory concerns, Berlin-based security token startup Neufund has announced plans to freeze its fundraising campaigns and sideline future tokenized equity offerings. “Many European countries had aspirations to become a blockchain-friendly hub … [T]he authorities have stifled this plan, blocking the innovation in its tracks,” the firm wrote in a blog post Monday. Launched in 2016, Nefund helped allocate some $19 million in capital through novel equity and security token offerings (STOs), including a blockchain-based initial public offering in 2019. The firm claims to have some 11,000 investors across 123 countries. In a statement, Neufund CEO and co-founder Zoe Adamovicz said […]
The speculative fervor surrounding the autonomous lender Compound’s new digital token rose another notch Thursday as its already relatively lofty price more than doubled in 24 hours. The rapid ascent of the COMP “governance” token comes as something a surprise given it was released just Monday and is still only trading on a handful of lesser cryptocurrency exchanges. You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in context every wild swing in bitcoin and more. We follow the money so […]
Sen. Tim Scott of South Carolina speaks at a news conference on Capitol Hill to announce a Republican police reform bill on June 17. Andrew Harnik/AP hide caption toggle caption Andrew Harnik/AP Sen. Tim Scott of South Carolina speaks at a news conference on Capitol Hill to announce a Republican police reform bill on June 17. Andrew Harnik/AP Sen. Tim Scott, R-S.C., gave an emotional speech on the Senate floor Wednesday, commemorating the five-year anniversary of the shooting at Emanuel AME Church in his home state and lambasting a Democratic colleague for referring to his police reform bill as “token” legislation. […]
Democrat Privilege.Senator Dick Durbin described Republican Tim Scott’s police reform bill as a “token” approach!Senator Tim Scott is a black Republican Senator! Advertisement – story continues below Can you imagine a Republican getting away with such a statement? Sen. Dick Durbin describes Sen. @TimScottSC‘s police reform bill as a “token, half-hearted approach” pic.twitter.com/dAVeU8NRvb — Daily Caller (@DailyCaller) June 17, 2020 TRENDING: EXCLUSIVE: The Mysterious Case of RAZ from CHAZ – BLM Warlord Owns Multiple Guns (including an Uzi), a Tesla, BMW and Jaguar XJ, Millions in Properties, and Is Supported by Dubai Government Tim Scott responded WITH FIRE! “Y’all still wearing […]
Crypto exchange Coinbase is hoping to streamline how it adds new tokens to its platform. The San Francisco-based exchange rolled out a new open-source technical framework for asset listings Wednesday, making it easier for the company to integrate tokens it wants to add by giving developers a blueprint for what their projects need to provide. Dubbed Rosetta, the release began as a project aimed at helping Coinbase more quickly add assets to its platform, product manager Nemil Dalal told CoinDesk. “Each blockchain has a node software. They’re all custom and they all have different APIs that you use, and so integration […]
The chief financial watchdog of Mauritius, an island-state off the coast of Madagascar, has created a regulatory regime for a full-fledged security token ecosystem in the country. On Monday, the Mauritian Financial Services Commission (FSC) announced a framework specifically for security tokens. Together with a 15-page guidance document, the regulator said this was the start of a new licensing regime to enable fully regulated security token trading systems in the country. Essentially, the new regime allows a new security token trading systems to become eligible for an FSC license. So far, it effectively authorizes a business to put a security token […]
The co-founder of the Centra Tech crypto project that at one time garnered A-list celebrity endorsements but was later called a scam in court, pleaded guilty Tuesday for conspiring to commit securities and wire fraud. Robert Farkas, 33, admitted he and co-founders Sohrab Sharma and Raymond Trapani misrepresented Centra Tech’s true purpose as they worked to dupe investors out of more than $25 million, the Justice Department said in a press release. The three pitched investors on a “Centra Card” crypto debit card purportedly issued by Visa or Mastercard, claimed to have 38 state money transmitter licenses and concocted a CEO […]
Coinbase announced Wednesday it is considering listing Bancor’s BNT token, as well as 18 others, which already gave the asset’s global trading price a slight bump. “Coinbase’s goal is to offer support for all assets that meet our technical standards and which comply with applicable laws,” the announcement said. “As part of the exploratory process customers may see public-facing APIs and other signs that we are conducting engineering work to potentially support these assets.” Although Coinbase declined to comment further, it’s not hard to imagine why BNT made the list. The token project itself saw a resurgence in May, facilitating nearly […]
Digital security manager Securitize, a blockchain-based transfer agent, has delivered a dividend-like payout to holders of one of its issuer’s security tokens — a company first. Distributing a “royalty payment” to holders of Lottery.com security tokens Friday, Securitize claims it has become the first registered securities record keeper, a transfer agent, that also disburses token-holder payments entirely on a blockchain. Transfer agents maintain and update securities ownership records as well as distribute payments, like shareholder dividends or interest (in Lottery.com’s case, a portion of raffle revenue) to owners. But transfer agents aren’t always “paying agents,” the ones actually delivering those payments […]
Numerai has sold an additional $3 million in NMR tokens to a slate of investors led by Union Square Ventures on the strength of its latest product, Erasure. The 17th-largest dapp in terms of value staked on it, Erasure currently holds $2.1 million worth of crypto, according to DeFi Pulse. Erasure provides a way to have a market for information that enables the buyers of information to have more confidence that what they are getting is real. In March, Numerai released an easy way for users to interact with the protocol called Erasure Bay. “Erasure Bay is demonstrating that you can […]
Blockchain venture studio Thesis has put a pause on deposits into tBTC, its new platform meant to put BTC on Ethereum so BTC can be used in decentralized finance. The Thesis team cited a bug, but is not disclosing details until all funds have been safely withdrawn from this iteration of tBTC. Thesis is now helping early users withdraw any BTC that had been deposited. The project lead behind the new system, Thesis CEO Matt Luongo, sent the following statement to CoinDesk via a spokesperson: “While the tBTC dapp was being tested over the weekend in its alpha version, a couple […]
TokenSoft is bringing its security token issuance platform to Europe through a Switzerland-based counterpart, TokenSoft International AG. The regulated STO platform announced Wednesday that it struck a licensing deal with its eponymous European partner, who now has exclusive continental distribution rights for TokenSoft’s tokenization software. Mason Borda, CEO of TokenSoft Inc., told CoinDesk the agreement was a natural fit for the crypto-friendly Swiss. Regulators there have been far more straightforward about security token oversight than watchdogs in the U.S. “Due to the regulatory clarity in Switzerland and due to the comfort that the regulators have there with blockchain-based assets, the pace […]