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INX Ltd. said it will launch its long-awaited landmark initial public offering (IPO) as soon as Monday, capping a nearly two-year journey for the startup cryptocurrency and security token exchange. "It is anticipated that the offering will begin on Aug. 24, 2020, or shortly thereafter," the Gibraltar-based company said in a press release Thursday. As previously reported, INX has priced...
The Financial Conduct Authority (FCA) has granted several licenses to digital securities exchange and custodian Archax – making it one of the world’s first authorized trading spaces for the asset-class. Archax said Wednesday it was now licensed as a multilateral trading facility (MTF) exchange, a broker and a cash and asset custodian. It is also the first crypto-asset firm to...
Institutions and the well-heeled have poured millions of dollars into a Pantera Capital fund, helping it more than double in size since it launched in 2018. The Pantera Venture Fund III has received $164.7 million in private placements from just under 200 investors, according to a Form D filing with the U.S. Securities and Exchange Commission (SEC) Friday. That's nearly...
The U.S. Federal Reserve is actively investigating distributed ledger technologies and how they might be used for digitizing the dollar. Federal Reserve Board Governor Lael Brainard said the U.S. central bank has been testing DLT over the past several years to study what a digital currency might do to the existing payments ecosystem, monetary policy, financial stability and the banking...
Bitcoiners have quickly mobilized to raise relief funds following an explosion that wreaked havoc in Beirut last week. The campaign comes as the Lebanese banking system remains in crisis. A group of Lebanese expats in Europe organized the Crypto Disaster Relief For Beirut Explosion fund, spreading the word on Instagram. The site’s tagline: "Embracing Cryptocurrency services to bypass Lebanon’s corrupted...
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Some of the NBA’s biggest stars are getting the ball rolling on a new blockchain venture. The Brooklyn Nets’ Spencer Dinwiddie and Garrett Temple, the Miami Heat’s Andre Iguodala, the Los Angeles Lakers’ JaVale McGee and the Orlando Magic’s Aaron Gordon are among the backers of a Dapper Labs blockchain project that looks to make the building of consumer products...
Goldman Sachs is seriously considering its own cryptocurrency, possibly a stablecoin, as it significantly expands its digital assets team and appoints a new head to spearhead efforts. Matthew McDermott, Goldman's new digital asset global head, confirmed the U.S. investment bank was exploring whether to launch its own digital asset, CNBC reported Thursday. "We are exploring the commercial viability of creating...
Bison Trails has hired BlockTower Capital’s former legal and compliance director to be its first general counsel. Elizabeth Ralston will be in charge of all legal, risk, compliance and policy matters at the blockchain infrastructure startup. Prior to her time at BlockTower Capital, Ralston was a vice president at investment bank Goldman Sachs. While at BlockTower, Ralston negotiated agreements with...
Ethereum is still the most popular off-chain destination for bitcoins as its supply of tokenized bitcoin (BTC) grew more than 70% in July. More than 20,000 BTC — worth roughly $225 million — are now tokenized and used in Ethereum-based protocols. Wrapped Bitcoin (WBTC) represents over 76% of the total tokenized bitcoin supply with over 15,500 BTC tokenized. The total...
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