Blockchain 

Swiss Digital Exchange Plans ‘Initial Digital Offering’ in 2020: Report

Swiss Digital Exchange (SDX), a digital asset trading platform by Switzerland’s principal SIX Swiss Exchange, will reportedly launch its initial digital offering (IDO) in 2020. SDX security token The not-yet-launched SDX has reportedly set up a global consortium of financial institutions to back its IDO in the middle of 2020, Coindesk reports on Sept. 30. Thomas Kindler, who took over as SDX CEO on Sept. 1, elaborated that the consortium comprises a group of investors such as banks and market infrastructure providers intending to legitimize the technology and raise capital.…

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Bitcoin 

ICE Releases Initial Margin Limits for Bakkt’s Coming Futures Trading

The Intercontinental Exchange (ICE) has announced tentative margin requirements for Bakkt Bitcoin (BTC) futures trading contracts. The announcement appeared on ICE’s official website on Sept. 9. Bakkt futures margin requirements Per the notice, the initial hedge requirement for daily and monthly futures contracts is $3,900. The speculative initial requirement for both contracts is $4,290. The inter-month add-ons for the monthly and daily futures contracts are between $400 and $1,000 for the hedge rate and between $440 and $1,100 for the speculative rate. These margin requirements represent the latest developments surrounding the…

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Bitcoin 

Facebook’s Libra Coin: Initial Reactions Mixed

Facebook has released its much anticipated white paper for the cryptocurrency Libra. The initial reviews of the highly secretive mega-project are mixed, to say the least. Before taking a look at responses across the cryptosphere, let’s have a quick recap of the Facebook proposal. The Libra coin proposal Libra is designed to be a global currency that aims to simplify cross-border micropayments and remittances enabled by its own blockchain, the Libra Blockchain. As excerpt from the white paper reads: “Just as people can use their phones to message friends anywhere…

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Bitcoin 

Crypto Exchanges Bitfinex and Ethfinex Jointly Launch Initial Exchange Offering Platform

Major cryptocurrency exchange Bitfinex and its spin-off Ethfinex have launched a new initial exchange offering (IEO) platform dubbed Tokinex. The news was revealed in a press release shared with Cointelegraph on May 21. As reported, IEOs have recently emerged as an alternative model of token offering wherein a centralized crypto exchange acts as a form of underwriter. The exchange, besides operating the sales, ostensibly vets both the projects themselves and prospective investors. Tokinex will reportedly use Know Your Customer (KYC) checks powered by the Blockpass mobile app for each sale…

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Bitcoin 

Industry Players Criticize Initial Exchange Offerings as Alternative to ICOs: Bloomberg

A host of crypto industry critics have weighed in on the potential drawbacks of so-dubbed initial exchange offerings (IEOs) — a crypto exchange-hosted alternative to the original model of an initial coin offering (ICO). Their views were reported by Bloomberg on April 10. IEOs offer an alternative model of token offering wherein a crypto exchange acts as a form of underwriter, operating the sale and ostensibly vetting both the projects themselves and prospective investors. The IEO phenomenon has apparently gained traction amid a declining ICO market that has absorbed the…

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Bitcoin 

Crypto Exchange Bittrex Cancels Its First ‘Initial Exchange Offering’

United States crypto exchange Bittrex has cancelled its first token sale, dubbed an Initial Exchange Offering (IEO), which it had been planning to host on its Malta-based counterpart, Bittrex International. The news was announced in an official statement published on March 14. Earlier this week, Bittrex International had announced plans to host the IEO today, March 15,  allowing investors to use Bitcoin (BTC) to purchase “XRD” tokens, developed by international gaming data blockchain project, Raid. In yesterday’s announcement, the exchange outlined that it decided to cancel the IEO “as a…

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Blockchain 

Crypto Exchange Bittrex International to Host Its First Public ‘Initial Exchange Offering’

Crypto exchange Bittrex is hosting its first token sale — dubbed an Initial Exchange Offering (IEO) — on Bittrex International, its Malta-based digital asset trading platform. The news was announced in an official press release published on March 11. Bittrex International, which operates within an EU and Maltese crypto regulatory framework, will officially start the IEO on Friday, March 15, the press release announces. Bittrex users will be able to use Bitcoin (BTC) to purchase “XRD” tokens, developed by international gaming data blockchain project Raid. According to the press release, Raid…

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Bitcoin 

Coinbase Faces Fresh Bitcoin Cash Insider Trading Lawsuit Following Initial Rejection

Users who filed a class action lawsuit against U.S. cryptocurrency exchange and wallet provider Coinbase will now go to court Jan. 31, 2019, new court documents filed Nov. 20 confirm. The lawsuit, which Jeffery Berk filed earlier this year to address alleged insider trading of Bitcoin Cash (BCH) among Coinbase officials in 2017, failed to make it to trial in October. As Cointelegraph reported, District Judge Vince Chhabria threw out Berk’s claims due to the failure to “describe the scope or content of Coinbase’s duty.” Now, an amended version of…

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