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Mostrando las entradas etiquetadas como tokens

Standard Tokenization Protocol raises $7 million to bring compliance to tokenization

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Standard Token Protocol (STP), a firm hoping to bring transparency to the tokenization process, announced Wednesday it has raised a total of $7 million through the sales of its STP tokens. The fund was raised through two rounds from investors including Neo Global Capital, BlockVC, AlphaBit. STP develops an open-source standard for projects looking to tokenize their assets. The company highlights compliance, claiming that the protocol will ensure tokens fully comply with region-specific regulations and KYC requirements. Meanwhile, the firm’s STP tokens could be used to pay for issuance fees and compliance investigation or to be used for staking and governance on STP’s platform,  per the company’s white paper. STP’s offering of compliance-proof tokenization protocol seems timely as initial coin offerings (ICOs) regain momentum, with 109 offerings raising a total of over $236 million in April alone,  according to ICObench’s data .  However, the ICO sector is also no...

Bitcoin Price Increases and Forecasts Are Shattered

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Some cryptocurrency research analysts predicted that in 2019 these crypto assets would keep a downfall trend and in the best of cases would hold a steady price. By Moris Beracha Some cryptocurrency research analysts predicted that in 2019 these crypto assets would keep a downfall trend and in the best of cases would hold a steady price. However, April 2 marked a major rise in bitcoin’s Price, which seems to represent new capital injection to the rest of the altcoin market. Just 24 hours before the aforementioned day, bitcoin was traded towards the USD 4.150; then, in less than one hour, it reached USD 4,850 and dropped to USD 4,750, but at the moment of writing this article BTC is traded at USD 7,924.10. As most cryptocurrencies, there is still a high correlation between the traditional assets market and bitcoin and this token is the most liquid cryptocurrency in the market. The crypto market is benefiting from this rise. So far, there are unclear ...

Bitcoin Will Hit $1 Million, Says IBM’s VP of Blockchain Jesse Lund

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By Adrian Zmudzinski The vice president of blockchain and digital currencies for IBM , Jesse Lund, said that he expects Bitcoin’s ( BTC ) price to eventually hit $1 million. Lund made his prediction during an interview with comparison and news platform Finder.com, published on YouTube on Feb. 20. Towards the end of the interview, Lund was asked what he expects the price of Bitcoin to be on this new year’s eve. He answered that he thinks it is going to be higher than the current price, clarifying, “I’ll go with $5,000.” He then continued his prediction, adding: “I see Bitcoin at a million dollars someday.” Lund explained that he “likes that number,” given that “if Bitcoin is at a million dollars, then satoshi is on value parity with the U.S. penny.” He noted that at such a value, the whole network would have over $20 trillion of liquidity. He then suggested that such liquidity could change corporate payments and high value payments in general, concluding:...

Binance BNT Token Reaches All-Time High In BTC

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by Nathan Rodriguez   Binance Coin has reportedly extended its latest gains, thus it set a new all-time high in Bitcoin-denominated value. Also known as BNB, it is the token issued by the world’s largest digital currency exchange by trade volume called Binance. Setting A New Record At press time, the aforementioned token was trading at around 0.002619 BTC or $9.60. It is worth noting that before it reached the new figure, it was only able to reach 0.002688. This was believed to around 10:00 UTC Monday. This is basically the crypto’s highest price in its entire one and a half year history, as per the data from Binance. The company said to have first listed BNB for trading sometime in July 2017. Since then, the token was successful in receiving at least 9,600 percent return on investment, particularly from its Initial Coin Offering (ICO) on December of the same year and with a price of $0.10. At the same time, the BNB still has a lot of ways to go...

Why is it important to invest in Stablecoins?

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By Moris Beracha .- The high levels of volatility of the most popular cryptocurrencies in the world have led investors to look towards price stable “Stablecoins” or crypto assets. These are digital assets designed to maintain a stable price, linked to a stable fiduciary currency, or that are related to products or other cryptocurrencies. The advantages of backed cryptocurrencies are that currencies are stabilized by assets that fluctuate outside the technological realm, that is, the underlying asset is not correlated, reducing financial risk. The main Stablecoins are: Tether (USDT) is the best-known example of stablecoins. Originally launched as Realcoin, the project was founded in November 2014 and has two tokens: USDT and EURT, pegged to the dollar and the euro. Both cryptocurrencies are connected to the Bitfinex exchange house. TrueUSD (TUSD) is another token pegged to the dollar that is part of the TrustToken platform. Digix Gold (DGX) ...

Crypto Raffles and rewards become popular on the Internet

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By Moris Beracha .- A significant number of companies engaged in apps development are undertaking crypto raffles among all those users who try and get some kind of error in their digital products. This kind of lottery consists of completing small tasks such as captchas or clicking a button to claim free coins every hour without any investment, because it is just about spending time on the platforms and watching ads and completing the tasks. The adult entertainment industry is one of the most emblematic sectors that rewards its customers and users in cryptocurrencies. Currently, a large number of micro earning websites pay you in Bitcoin or another cryptocurrency every couple of minutes. Eventually, you can get enough tokens to charge and get a small profit on the wallet or digital wallet. Ripple has also decided to raffle or give away millions of its cryptocurrencies also known by the acronym XRP, but the aforementioned company aims to achieve the u...

Cryptocurrencies not outside the law

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By Moris Beracha The different cryptocurrencies that are currently exchanged in the market do not move outside the multiple businesses that are striving to massively boost token as a payment option. According to Rubén Guía Chirino, attorney and advisor for Dash Venezuela, 99% of cryptocurrency transactions are involved in legal activities; therefore, those who associate the use of digital currencies with illegal activities only have a bias towards the new technology. Guía Chirinos said many countries in the world are lobbying to establish a cryptocurrency regulatory framework. He acknowledges it is a matter of time for lawmakers to agree on developing rules on crypto exchange. He also suggests possible legal scenarios for possible applicability of these rules. For example, cryptocurrency mining activities can be taxed by the treasury or they can be regarded as swaps. The international cryptography regulation context is advancing rapidly, since digi...

Alternative Crypto Bills Presented in Ukraine and Russia

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courtesy of Shutterstock By Lubomir Tassev Draft laws employing alternative approaches to regulating digital currencies have been introduced in Ukraine and Russia. In Kiev, a bill that classifies cryptocurrency as an asset, unit of exchange and store of value has been filed in the Rada and it’s supported by both deputies and representatives of the industry. In Moscow, the managers of leading Russian enterprises have prepared their own version of the law on digital financial assets which contains the legal term “cryptocurrency” and differentiates it from tokens. New Crypto Bill Filed in the Ukrainian Rada Alternative Crypto Bills Presented in Ukraine and RussiaA bill that leaves crypto-to-crypto trade outside of the scope of government regulation has been filed in the Ukrainian parliament. The draft has been signed by 23 members of the Verkhovna Rada and is prepared in cooperation with representatives of the industry. News about the filling was announced during a crypto...

Institutional Investors Bet On Crypto Market With Tokenized Securities

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By Rachel Wolfson  The cryptocurrency market and initial coin offerings (ICOs) have carved out a grey area for regulatory efforts in the United States. For example, utility tokens (user owned tokens that are not created as investment vehicles and hold a claim that they are exempt from federal laws that govern securities) are the primary tokens circulating most ICOs. Owners of utility tokens can’t use the coins outside of the platform without exchanging them; they can send tokens person to person within the network. ICOs must evolve to become self-regulatory, in order to advance the crypto market and become attractive to institutional investors. It’s not uncommon to find that the majority of companies selling utility tokens don’t have token economics. Therefore, most listed utility tokens are not real utility tokens, but rather, these companies are actually selling security tokens. Due to this problem, many institutional investors have been bearish...

Liechtenstein Bank Issues Own Crypto Stable Coin, Aims to Become ‘Blockchain Investment Bank’

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 By William Suberg Liechtenstein bank Union Bank AG announced it was issuing its own security tokens and in-house cryptocurrency backed by fiat in a press release Friday, August 17. Union Bank, which has concentrated increasingly on blockchain this year, said issuing its so-called “Union Bank Payment Coin (UBPC)” was a further step towards becoming a “full-service blockchain investment bank.” UBPC will act as a stable coin, the institution explained, and will have fiat currencies “such as the Swiss franc” as its backing. “Our goal is to become the world's first blockchain investment bank and to provide tangible solutions which help drive efficiencies, reduce cost base and open up new revenue opportunities for our customers and intermediaries alike,” chairman of the board of directors Mohammad Hans Dastmaltchi commented in the release. “...As such, our fiat-backed Union Bank Payment Coin has the potential to disrupt the approach to international trad...

Valuation of Crypto Market Slightly Declines But Bitcoin Price Shows Stability

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CCN In the past 24 hours, the valuation of the crypto market has dropped slightly by $2 billion, from $215 billion to $213 billion, as the Bitcoin price and Ethereum price demonstrated stability. Most major cryptocurrencies including Bitcoin Cash, Ripple, EOS, and Ethereum recorded decent gains in the range of 1 to 5 percent. Top 10 best performing cryptocurrencies, chart provided by CoinMarketCap Tokens including VeChain, Ontology, and DigixDAO, which fell by more than 20 percent against both Bitcoin and the US dollar on August 18, recovered relatively quickly, recording 15 percent gains to overcome yesterday’s losses. Tokens are Showing Massive Volatility Earlier this week, on August 17, VeChain, Ontology, DigixDAO, Nano, 0x, BAT, and other tokens recorded some of their strongest performances against Bitcoin. VeChain and Ontology in specific rose by over 70 percent against the US dollar, recording 30 to 60 percent gains against Bitcoin and Ethereum. But, on Augus...