Blockchain 

Animoca and Harmony Acquire Quidd to Expand Sale of Crypto Collectibles

Blockchain gaming startup Animoca has partnered with the blockchain network Harmony to jointly acquire the digital collectible startup Quidd, with the intent of using its services to build a new ecosystem for crypto collectibles. Harmony shared news of the development with Cointelegraph via a press release. According to the announcement, Animoca is planning to onboard its games and brands to the Quidd platform after the acquisition is complete.  As noted in the press release, one issue the companies are aiming to solve in the crypto collectibles space is scalability. According…

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Blockchain 

New Jersey Accuses Blockchain Firm of Unregistered Securities Sale

The State of New Jersey alleges that a blockchain-based online rental marketplace sold over $400,000 of unregistered securities. A complaint filed on July 17 accuses Pocketinns, Inc. and its president Sarvajnya G. Mada of offering and selling around $410,000 of unregistered securities in the form of a cryptocurrency dubbed “PINNS Tokens.” The tokens were sold through an initial token offering between Jan. 15 and Jan. 31, 2018. Neither Pockettins nor Mada have allegedly been registered with the state’s Bureau of Securities.  The defendants purportedly sold tokens to 217 investors in…

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Blockchain 

Blockchain Firm Algorand Raises $60 Million in New Token Sale

Blockchain company Algorand has raised over $60 million in a token sale on financial services platform CoinList, technology-focused news outlet The Block reported on June 19. The Algorand Foundation — a firm that implements an open source public ledger and cryptocurrency payment system utilizing the Byzantine Agreement message-passing protocol — has reportedly raised $60 million in a sale of its native Argos token. The recent equity funding was on top of the $66 million the company raised over the past year from investors such as venture capital firms Union Square…

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Blockchain 

Standard Tokenization Protocol Raises $750K in Eight-Second Token Sale

A token sale for Standard Tokenization Protocol (STP) raised $750,000 and sold out within eight seconds, a news release claimed on June 11. The project says it offers an open-source, decentralized standard for the tokenization and issuance of any asset. Following the initial exchange offering (IEO), which was held on Bittrex, STP founder Mike Chen said: “We are excited to move forward with implementing a powerful funding mechanism for other companies that could potentially save billions in funding costs while staying fully compliant in any jurisdiction.” As well as being collected…

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Bitcoin 

Kraken $10 Million Equity Sale With BnkToTheFuture Seeks to Democratize Access

United States cryptocurrency exchange Kraken is offering equity to users in a fundraiser that raised over $6 million in its first day, statistics confirmed on May 21. Kraken, which is one of the world’s oldest exchanges, is using Cayman Islands-based platform BnkToTheFuture to offer equity to vetted investors. These, it said in an accompanying marketing email seen by Cointelegraph, can be any Kraken user, subject to a minimum purchase of $1000. At press time, Kraken had raised just over €6.04 million ($6.76 million) from almost 300 investors, taking it to…

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Blockchain 

Cybersecurity Firm WISeKey Subsidiary Nets $7 Mln in Pre-STO Investment Ahead of Q2 Sale

A subsidiary of Swiss cybersecurity and blockchain firm WISeKey has raised $7 million in an pre-funding round prior to launching a security token offering (STO), the company confirmed in a press release on April 11. WISeCoin, which came into being in August last year, plans to conduct the STO in Q2. Responsible for managing all of WISeKey’s blockchain initiatives and operations, the vertically-integrated platform intends to raise a total of 17,587,527 Swiss francs ($17,563,695) to expand its activities. These include the use of various disruptive technologies, specifically focusing on the…

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Bitcoin 

Binance Changes Launchpad Token Sale Format to Lottery

Leading cryptocurrency exchange Binance announced major changes to the format of its Launchpad token sale in a post on its blog published on March 24. Per the announcement, the company “will use a new lottery format for the next project on Binance Launchpad.” Previously, the system functioned on a first come, first served basis, which left many users who joined high-demand sale queues without tokens.   The post also outlines a lottery ticket system in which participants will be able to claim up to five tickets by holding Binance Coin…

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Bitcoin 

Central Bank Suggests Limiting Sale of Crypto Assets for ‘Unqualified Investors’

The Central Bank of Russia wants to set an annual limit for so-called “unqualified investors” that want to purchase digital assets, local business media giant RBC reported on Tuesday, March 12. According to the documents obtained by RBC, the bank wants to amend the current draft crypto bill, dubbed “On Digital Financial Assets,” which recently passed a second of three readings in Russia’s parliament, the State Duma. The central bank’s paper recommends equating investor limits to the ones set in a draft bill on crowdfunding, which is also being reviewed…

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Blockchain 

Coinbase Technology Partner Refutes Alleged Collection, Sale of User Data to Third Parties

London-based blockchain analytics firm Elliptic — which provides technology to major United States crypto exchange Coinbase — has refuted allegations that it collects and sells clients’ user data to third parties for financial gain. In an official statement published on March 4, Elliptic’s CEO and co-founder James Smith stated that the firm has never “enabled the violation of individuals’ financial privacy,” and that such accusations represent a fundamental misunderstanding of Elliptic’s industry role. Elliptic is one of key players in the blockchain intelligence sector, providing analytics tools that allow companies,…

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Blockchain 

Token Sale on Binance Launchpad Raises $6 Million Within ‘22 Seconds’

The Fetch.AI (FET) token sale on top crypto exchange Binance’s Launchpad platform closed yesterday, Feb. 25, reaching its hard cap of $6 million dollars with the sale of over 69 million tokens. In a tweet published the same day, Binance CEO Changpeng Zhao — known in the industry as CZ — reported the sale had been completed within a dizzying 22 seconds. Fetch.AI describes itself as a project that aims to create an “economic internet” by conjoining machine learning, artificial intelligence, multi-agent systems, intelligent smart contracts and distributed ledger technology.…

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