Ethereum 

Waves CEO Sells His Stake in Blockchain Spin-Off Vostok

Founder of token issuance platform Waves has fully sold his stake in the firm’s blockchain spin-off Vostok to focus on the Waves Platform. Alexander Ivanov, CEO and founder of Waves, sold his stake in the Vostok, with global financial group GHP Group becoming the sole owner of the project, according to a press release on July 16. Ivanov said that he decided to sell the Vostok project in order to focus the resources on the development of the Web3 ecosystem within the Waves Platform. Mark Garber, Chairman of the Board…

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Bitcoin 

Blockchain Protocol Polkadot Sells 500,000 of Its Tokens, Price Still Unspecified

Blockchain interoperability protocol Polkadot has distributed 500,000 DOT tokens at a price that is unknown, but purportedly in keeping with the firm’s $1.2 billion valuation, technology-focused news outlet The Block reported on June 27. Polkadot’s managing partner Web3 Foundation (W3F) reportedly told The Block that the protocol distributed 500,000 of its tokens, although the company did not reveal the exact amount of funds raised. The Block notes, that during the recent round Polkadot purportedly sold 5% of the total token supply, which should theoretically bring $60 million to the protocol’s…

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Ethereum 

Virtual Racing Car in Blockchain Game Sells for Over $110,000

An unknown user bought a virtual racing car for upcoming blockchain-based game F1 Delta Time for 415.9 ether (ETH) or $110,600 at the time of sale, according to information on the game’s website. The virtual racing car — the “1-1-1” — is the first model to be issued and is also one-of-a-kind, with the auction page promising to never release more. The company behind the game, Animoca Brands, ran an auction for the limited edition model in ether for four days, before selling the crypto collectible to user “09E282” after…

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Bitcoin 

Coordinator for Largest Group of Mt. Gox Creditors Leaves Post, Sells His Claim

Andy Pag, the founder and coordinator of Mt. Gox Legal (MGL) — the largest group of creditors of the now-defunct Bitcoin (BTC) exchange Mt. Gox — has quit his post and decided to sell his claim. Pag announced his decision in a letter posted to the MGL contributor forum on April 4. Mt. Gox Legal —  a cooperative of over 1,000 creditors with claims reportedly totaling more than an estimated 125,000BTC (~$649 million at press time) — was formed to seek coordinated legal action to support Mt. Gox’s transition from…

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Blockchain 

Former Iced Tea-Turned-Bitcoin Mining Firm Sells Beverage Business

Long Blockchain, previously named Long Island Iced Tea, has reached an agreement to sell its ready-to-drink tea business to Canadian firm ECC2 Ventures. The deal is documented in a Securities and Exchange Commission (SEC) document filed on March 6. At the beginning of 2018, the company had rebranded from Long Island Iced Tea to Long Blockchain, seeing a 500 percent jump in shares, noting that it hoped to raise money to purchase Bitcoin (BTC) miners. In August 2018, the company announced that it had again changed its line of business…

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