Cryptocurrency 

Blockstack Raises $23 Million USD in First Regulated Token Offering

Blockstack has raised $23 million USD in the first-ever token offering approved by the US Securities and Exchange Commission. Blocskstack PBC, which is a decentralized computing network aiming to antiquate data breaches and trust violations, first announced the token sale in July, having received SEC approval to raise up to $28 million USD in a Reg A+ compliant offering. The breakdown of the token offering consisted of $15.5 million USD raised through the sale of  74.3 million Stacks tokens through its Reg A+ sale in the US, and an additional…

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Blockchain 

Paxos Launches PAX Gold, Regulated and Redeemable for Physical Gold

Stablecoin operator Paxos launched PAX Gold (PAXG), a gold-backed Ethereum (ETH) token. Paxos announced the launch of the product above in a press release published on Sept. 5, claiming that it is “the first crypto-asset redeemable for physical gold.” Furthermore, the New York State Department of Financial Services (NYDFS) put forward their approval of the issuance in an official statement, defining it “first gold-backed virtual currency in New York state.” Per the report, each PAXG token will be backed by one fine troy ounce of London Good Delivery gold stored…

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Bitcoin 

Bitcoin First as LedgerX Launches Regulated Physical Futures on US Market

United States Bitcoin (BTC) derivatives provider LedgerX has officially launched physical Bitcoin futures trading, becoming the first to do so on the domestic market. In an announcement on social media July 31, LedgerX said its physical futures offering was live on its Omni trading platform.  “It’s official: we’re live with retail trading on Omni!” officials confirmed.  Physical Bitcoin futures differ from those offered by some of the first operators in 2017. Rather than merely gaining exposure to Bitcoin, investors take delivery of it, requiring them to understand how to interact…

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Blockchain 

Huobi to Launch Regulated Thailand-Based Crypto Exchange in Q3 2019

Huobi’s Thailand-based subsidiary has sealed the country’s fifth official license to operate a fully-regulated digital asset exchange. An official July 24 announcement from Huobi Group —the operator of Singapore-based flagship exchange Huobi Global — revealed that Huobi Thailand is expected to launch in Q3 2019, offering both regulated crypto-crypto trading and fiat on-ramps.  Global expansion Huobi Thailand will use Huobi Group’s Huobi Cloud platform — a product launched in the summer of last year to facilitate the construction of digital asset exchanges on the basis of Huobi’s existing platform.  The…

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Ethereum 

Virgin Bitcoin — Most In-Demand Crypto That Is Regulated Differently?

In a world where the global crypto community continues to face a growing number of regulatory hurdles with each passing day, the term “virgin Bitcoin” is starting to become more common among digital currency enthusiasts. However, it is of utmost importance to clarify what this term actually means and the significance it carries.  According to Dave Jevans, the CEO of CipherTrace, virgin Bitcoins are essentially BTC tokens that do not have a transaction (TX) record associated with them. As a result of this, coins lack a defined attribution history, making…

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Blockchain 

Libra Will Upset World Economy if It Isn’t Regulated Tightly, G7 Warns

Cryptocurrencies such as Libra risk upsetting the world’s financial system if they are not regulated tightly, G7 finance ministers have warned. According to Reuters, French finance minister Bruno Le Maire told a news conference on July 18 that the G7 “cannot accept private companies issuing their own currencies without democratic control.” His remarks followed informal talks in Paris, where the Group of Seven expressed vehement opposition to the prospect of firms having as much power as countries in creating means of payment. The ministers and central bank governors also warned:…

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Ethereum 

Seychelles to Host First Regulated Tokenized Security on a National Stock Market

Seychelles-based securities exchange MERJ will purportedly list the first regulated security token on a national stock market, according to a report by Bloomberg on June 25. As per the report, these security tokens are digital asset shares that will trade alongside stock for MERJ Exchange Ltd, the company behind the MERJ exchange. The report notes that no specific date has been given for a planned listing, but the MERJ website says that it will add markets for security tokens, digital assets, and hybrid options in H1 2019. According to its…

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Bitcoin 

Singapore’s iSTOX to Launch a Regulated Digitized Securities Platform in 2020

Capital markets platform iSTOX has joined Singapore’s regulatory sandbox to launch digitized securities trading in late 2019, the firm announced in a tweet on May 24. Following its addition to the Monetary Authority of Singapore (MAS)’s FinTech Regulatory Sandbox on May 1, the Singapore-based company will start providing service for the trading of digitized securities starting from Q4 2019, according to an iSTOX official press release. Operated by ICHX Tech, a blockchain infrastructure firm incubated by major Singapore investment firm ICH Group, iSTOX expects to graduate from the sandbox and…

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Bitcoin 

Ledger Provides Secure Wallet Management Solution to Regulated Canadian Crypto Exchange

French hardware wallet producer Ledger is set to provide its secure crypto infrastructure solution to regulated Canadian crypto exchange National Digital Asset Exchange (NDAX), according to a press release shared with Cointelegraph on April 29. NDAX — which offers crypto asset trading services for both retail and institutional clients — will use Ledger’s institution-grade wallet management solution, dubbed Ledger Vault. Ledger Vault provides a multi-authorization governance infrastructure for crypto assets, and has been designed with enterprise and institutional custodian and asset managers’ needs in mind, according to the press release.…

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Blockchain 

Ontology to Launch Regulated USD-Backed Stablecoin PAX on its Blockchain

Enterprise blockchain platform Ontology (ONT) plans to launch a version of the regulated USD-backed stablecoin Paxos Standard (PAX) on its own blockchain. The company announced the news in a press release published on April 27. Per the release, the new token (PAXO) will be based on Ontology’s OEP-4 token standard, which will enable atomic swaps between the Ontology-based main blockchain and other blockchains. This feature reportedly aims to make it easier for institutions and individuals to do business in fiat terms in the Ontology ecosystem. The company claims that PAX…

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