Initial Exchange Offerings (“IEOs”) are replacing the much maligned ICO as a popular crowdfunding source for cryptocurrency start ups, according to the trade publication CoinTelegraph.
Facebook’s Libra, under pressure from politicians and reeling from defections, announced that 21 members of its governing association had signed the group’s charter on October 15.
Telegram, whose issuance of a digital token was halted by the SEC on Friday, has told investors that it may have to delay the launch of its much anticipated TON network.
CFTC Chairman Heath Tarbert told conference attendees, “It is my view as chairman of the CFTC that Ether is a commodity.” This was the most authoritative statement about Ether from anyone in the U.S. government so far.
Bcause, the world’s first “full-stack crypto ecosystem,” was ordered to be liquidated by a Chicago bankruptcy court today. Bcause filed for Chapter 11 protection six months ago.
CoinFLEX, a Hong Kong-based cryptocurrency platform, said its next “IFO” – initial futures offering – will be on Facebook’s Libra. The contract lets traders wager on the future value of Libra tokens. A price of zero implies the market doesn’t believe Libra will launch before the Dec 2020 contract expiration.
Coinbase is hiking trading fees for smaller accounts on its popular Coinbase Pro platform that is available to retail traders. It also is eliminating the discount for market maker transactions for accounts trading below $50,000 per month.
Block.one, the software development company behind the Eos blockchain, received a $24 million slap on the wrist from the SEC for not registering its ICO, which raised $4.1 billion last year.
Coinbase today introduced the Crypto Rating Council, forming a group of eight exchanges and investors to rate cryptocurrencies’ legal resemblance to securities.
A Harbor subsidiary received a broker-dealer license allowing the company to operate a marketplace for tokenized securities.