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Posts Tagged ‘Token’

Bithumb Global Launches Native Token for Exchange Ecosystem

Bithumb Global has launched a native coin for Bithumb Chain, the exchange’s custom blockchain. Launched under the “BT” ticker, Bithumb Coin will work as a medium of exchange for the ecosystem, the company told CoinDesk in a statement Tuesday. The Bithumb Chain itself is expected to launch sometime in the first quarter of 2020. From…

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US Prosecutors Charge Founder of ‘IGOBIT’ Token With Fraud

U.S. prosecutors charged Asa Saint Clair, the president of a nonexistent United Nations affiliate, with fraud Wednesday, alleging he defrauded investors using the IGOBIT digital token. Prosecutors with the Southern District of New York alleged that Saint Clair lured investors to buy into the “World Sports Alliance” using his IGOBIT digital currency, promising investors equity…

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Leading Japanese Firms Partner on Security Token Research

Mitsubishi UFJ Financial Group – Japan’s largest financial group and the fifth largest bank in the world by assets – is leading a 22-member research consortium to develop standards around security token management. The group – the Security Token Research Consortium – includes security issuers, broker dealers and technology companies, such as NTT Docomo Inc.…

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Nervos Network Targets November Launch With $72 Million Token Sale

Blockchain startup Nervos Network plans to launch its “Lina” blockchain next week, on the heels of securing $72 million through a token sale on Coinlist. The company announced Wednesday that developers and miners will be able to participate and utilize its network on Nov. 16, with fresh backing from China Merchants Bank International (CMBI), Polychain…

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Kadena Goes Live, Announces New Token Sale Aiming for $20 Million

The Kadena blockchain went live on mainnet Monday. Formally called Chainweb, Kadena’s blockchain is a proof-of-work (PoW) network similar to bitcoin. But where bitcoin struggles with processing large transaction volumes, the Kadena network attempts to solve the problem of limited scalability by weaving multiple PoW blockchains together to run concurrently. In doing so, the Kadena…

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3 Reasons Why Bitfinex LEO Token has Flopped

As we’ve seen from powerhouse examples like Binance’s BNB, exchange tokens can often make promising returns for investors. However, that has not been the case with the Bitfinex’s LEO token.  Here are three possible reasons why that might be. 1. LEO Came Late to the Game Bitfinex’s LEO token was launched in May of this…

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Blockstack Will Pay Liquidity Provider GSR to Trade Its STX Token

Blockstack, one of the first blockchain startups to have raised money in a Reg A+ offering, has hired GSR Markets to trade its “stacks” (STX) token. According to an Oct. 24 filing with the U.S. Securities and Exchange Commission (SEC), the blockchain startup will pay GSR for providing liquidity in markets outside of the U.S.…

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Chainlink and Basic Attention Token Survive Today’s Red Market

The entire crypto market has turned red today, with Bitcoin (BTC) triggering a slide across most altcoins. But there are two curious exceptions – Chainlink (LINK) and Basic Attention Token (BAT). LINK and BAT Often Buck the Market Trend This is not the first time that LINK and BAT have bucked the trend. Usually, a…

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Ontario Regulator Lets Security Token Startup Test Secondary Trading

The Ontario Securities Commission (OSC) is allowing a tokenization startup to facilitate secondary-market trading of its tokens by giving the firm regulatory relief for a short time. TokenGX, an affiliate of TokenFunder, has been given the green light to pilot the project to gather data on secondary-market trading, according to an OSC filing. The trading…

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Blockstack’s STX Token Now Traded on Binance and HashKey Pro

Blockstack’s Stacks (STX) token can now be traded on the Binance and HashKey Pro exchanges, the company said Wednesday. The advance is set to expand investors’ access to STX – especially in Asia, where HashKey Pro is based and Binance is well-known. Muneeb Ali, Blockstack’s CEO, called Asia a “priority region” in a company statement.…

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