Blockchain 

Pro-Crypto Silvergate Bank Goes Public in Listing on NYSE

Shares of pro-crypto Silvergate Bank were launched for trading on the New York Stock Exchange (NYSE) on Nov. 7. Silvergate celebrates IPO day Silvergate Capital (NYSE:SI), a California-based commercial bank focused on digital currency businesses, is now officially listed on the NYSE, opening at $12.75, the NYSE tweeted Nov. 7. In conjunction with the event, Silvergate is celebrating its initial public offering (IPO) day today, according to the NYSE. The news follows Silvergate Capital Corporation’s announcement of the pricing of its IPO of 3,333,333 shares of its Class A common…

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Blockchain 

EY Unveils Public Finance Blockchain to Track Gov’t Spending

Big Four auditing firm Ernst & Young (EY) has launched a blockchain platform for public funds meant to enhance transparency. Technology news outlet Verdict reported on the launch on Oct. 16. The OpsChain Public Finance Manager (PFM) system enables transparent tracking of public budgets and expenditures viewable by all citizens.  PFM will also reportedly enable public funds to be matched with outcomes, which in turn would provide insight into how effective different policies are. Enabling data-driven policy decisions The system can reportedly track government public funds as they move through…

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Bitcoin 

Chinese Mining Giant Canaan to Go Public in US in November: Sources

Chinese crypto mining giant Canaan Creative plans to list as a publicly traded company in the United States in November 2019, according to an unconfirmed report. Canaan to issue 1.26 billion shares Canaan Creative, which reportedly filed a $200 million initial public offering (IPO) request with the U.S. regulators in July, will issue 1.26 billion shares which will be closed on Oct. 20, Chinese crypto outlet 8BTC reported Oct. 10, citing “people with knowledge of the matter.” The firm reportedly declined to comment on the news to 8BTC at the…

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Blockchain 

Liechtenstein Approves DLT Public Offering with Porsche-Backed Firm

German crypto investment startup Neufund launches its blockchain-enabled public offering platform featuring a Porsche-backed firm as the first issuer. 10 euro minimum investment  Within the first offering on Sept. 16, Neufund’s platform will be used by mobility firm Greyp, company backed by sports car giant Porsche, Camel Group and T-mobile, according to a press release shared with Cointelegraph today. Neufund’s platform has acquired clearance from the Financial Monetary Authority in Liechtenstein to host public offerings with a minimum investment of just 10 euro, enabling high accessibility to investors. Firms from…

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Blockchain 

Galaxy Digital Gains Approval to Underwrite Public Securities Offerings

Michael Novogratz’s cryptocurrency investment bank Galaxy Digital has gained approval from the Financial Industry Regulatory Authority (FINRA) to underwrite registered public offerings of securities. As reported by Bloomberg on Sept. 6, the company has its sights on facilitating security token offerings, or STOs. FINRA is a non-governmental private organization that acts as a self-regulatory body for member firms and exchange markets. The Goldman Sachs of cryptocurrencies Novogratz is a former partner at Goldman Sachs who wants his firm Galaxy Digital to fulfil a similar role in the cryptocurrency space. He…

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Blockchain 

City of São Paulo to Use Blockchain Registry for Public Works

The municipal government of São Paulo, Brazil, is going to use a blockchain registry for its public works projects. The Municipal Secretariat of Urban Infrastructure and Works contracted blockchain firm Construtivo to implement a blockchain solution for city hall, Cointelegraph Brasil reports on Sept. 1. Better transparency after past inefficiencies  The city has decided to implement a blockchain solution for public works after poor conditions forced the closure of several bridges and roads, despite significant public investment in their construction. According to Marcus Granadeiro, president of Construtivo, the platform will…

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Blockchain 

Telegram to Launch TON Blockchain Public Testing on Sept. 1

Telegram Open Network’s (TON) blockchain public testing will launch on Sept. 1, according to one of the investors. On Aug. 28, Russian news outlet Vedomosti quoted an anonymous TON investor claiming to have learned this information from the development team, and the head of one of the companies that participated in the testing so far. According to the outlet’s sources, TON’s node software and all relevant documentation would be released to the public on Sept. 1. This first version of the blockchain is already expected to feature sharding and various…

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Blockchain 

The Bug Bounty Program for Facebook’s Libra Is Now Open to the Public

The Libra Association has opened its bug bounty program to the public to address security concerns in advance of Libra’s anticipated 2020 launch. Expanding the playing field The announcement comes via a post on Libra’s website on Aug. 27. The post emphasized that the expansion of the program would promote values critical to the Libra Association like “openness, transparency, and global access,”  and ensure minimal issues come launch date. The association wrote that it expects opening the bug bounty program up to the public will encourage “many more people with…

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Blockchain 

TZERO Officially Launches Public Security Token Trading оn Schedule

Retail giant Overstock’s blockchain subsidiary company, tZERO, has opened up its preferred equity security tokens — dubbed TZROP — for trading by accredited and non-accredited investors. TZERO announced the news in a press release on Aug. 12, the previously proclaimed day of the launch. According to the announcement, the TZROP token allows investors to directly participate in the company’s revenue growth via a quarterly dividend model.  The announcement further states that the company could distribute a quarterly dividend of 10% of the company’s adjusted gross revenue for TZROP holders. However,…

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Blockchain 

tZERO to Offer Public Trading Starting Aug. 12, Expects Up To 50,000 Investors

Retail giant Overstock’s blockchain subsidiary company, tZERO, plans to allow the public to trade its security tokens in four days. Saum Noursalehi, CEO of tZERO, shared the announcement with CoinDesk, per a report published on Aug. 8. According to the announcement, Aug. 12 marks the end of a one year lock period following the company’s 2018 token offering. Noursalehi additionally commented that the company is expecting as many as 50,000 new investors, who have already bought Overstock shares, to begin trading their digital security tokens. Despite not seeing a large…

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