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Back in January 2015, Bitcoin developer Mike Hearn launched a BTC-powered crowdfunding application called Lighthouse, and cryptocurrency enthusiasts were very excited about beta version release. Following the launch, Mike Hearn had left the Bitcoin community because he predicted BTC was headed for serious scaling issues, and he was upset with the Core development team’s willingness … Read more
The cryptocurrency based firm Circle announced it has raised $110Mn USD in a Series E fundraising round led by the Chinese firm Bitmain Technologies. Circle now joins Coinbase as one of the most well-funded cryptocurrency companies in the U.S., and the Boston-based firm has announced plans to issue a dollar-backed cryptocurrency called USD-C. Also read: Yahoo! … Read more
Prior to the revolution of the World Wide Web, entrepreneurs with big dreams would have to jump through hoops to secure funding from venture capitalists or bank loans, and local community projects would have to source cash donations or government backing to achieve their goals. Crowdfunding at its core means enabling anyone with a computer … Read more
In the U.S., more than 90 percent of startups “fail” their first year. There isn’t yet enough statistical data that ICOs fail more often than startups that raise through more traditional means. One needs to define what failure means – does it mean failure to get traction and deliver the product, or failure to raise … Read more
Two countries have recently emerged as the new Meccas for token sales following bans in China and South Korea. The number of initial coin offerings in Singapore and Hong Kong has skyrocketed in recent months, as companies seek a favorable environment to raise funds outside their home countries. Also read: Yahoo! Japan Confirms Entrance Into the … Read more
The Thai government is concerned with the growing number of companies in Thailand racing to launch their initial coin offerings ahead of regulations. This has prompted the country’s regulators to hurry with the regulatory framework for token sales, ahead of cryptocurrency regulations. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten ICOs Growing in Popularity … Read more
A system to guarantee the investments in initial coin offerings (ICO) is being built in Russia by Globex, a commercial bank subsidiary of the state-owned VEB bank, and the Russian Association of Cryptocurrency and Blockchain. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten System of Guarantees “The first system of guarantees for investments … Read more
As part of its balanced approach, Thailand is taking further steps to regulate initial coin offerings by expanding current guidelines. Discussions on the framework between relevant institutions have already started, with a public hearing to be conducted soon. The first ICO to be carried out by a locally registered company is scheduled for March. The … Read more
On paper, EOS is a $6 billion company and the 14th largest cryptocurrency project in the world whose token changes hands for $10 a pop. It has raised over $700 million to date in the world’s longest running ICO, which began last June. By the time it’s done, the company, led by Dan Larimer, will … Read more
