The post ODX announces commitments of $ 60m+ for private token sale appeared first on CoinReport.
7 Aug 2018 – SINGAPORE: ABCC Digital Asset Exchange (ABCC), the world-class cryptocurrency exchange, has announced the opening of its first European headquarters in Malta as well as its sponsorship of the Delta Summit 2018, the Maltese government’s official blockchain event.
The strategic decision comes as part of ABCC’s ongoing commitment to strengthen its presence in Europe and beyond. The firm’s move is anticipated to create new employment and investment opportunities in the island nation.
Blockchain OTC trading platform ‘Xtock’ has announced the launch of its ‘teaser’ website. The company will be providing a blockchain based OTC token, which will be based on off-the-shelf, real-time financial and corporate data solutions.
Xtock stated that the database and evaluation platform will allow businesses, as well as users, to connect more effectively and efficiently. Xtock will provide liquidity, transparency and funding opportunities by tokenizing companies, evaluated by raw data analytics, and driven by artificial intelligence, government & national credit rating agencies. Xtock is a reverse TGE that is based on pre-existing fintech and digital lending services.
Binance Labs, the investment wing of the leading cryptocurrency exchange, Binance, has announced that it has invested in Libra Credit – “a decentralized digital asset financial services platform.” The partnership will allow holders of Binance’s native token, Binance Coin (BNB), to use their BNB as collateral for loans in crypto of fiat currency.
BNB Holders Able to Stake Holdings to Borrow Fiat or Crypto
Binance Labs the investment arm of Binance, has revealed a partnership with the decentralized global lending network, Libra Credit. Libra Credit is a lending network based on the Ethereum blockchain, with the company planning to launch its platform in the third quarter of 2018, before also launching a mobile phone application in Q4.
Codex Protocol, a decentralized asset registry for the arts & collectibles (A&C) asset class, has announced the launch of its token sale. The token sale will have a hard cap of $ 15 million USD, and has already seen $ 12 million USD contributed in a successful private presale round, with notable contributors in the blockchain space including Pantera Capital. The token sale comes on the heels of the registry’s deployment to the mainnet on the 23rd of July, and the appointment of Daniel Grachanin, former Director of Product Marketing at RChain Cooperative, as the company’s new Head of Product. The mainnet launch will allow artists, collectors, and partner applications to create Codex Records for unique assets.
South Korea’s Financial Services Commission recently announced a “major organizational reshuffle” to help protect consumers and adapt to changing financial innovations. Part of the reorganization includes a new division to oversee the cryptocurrency sector.
The government of South Korea has taken a relatively careful and considered approach towards cryptocurrencies and blockchain technology over the last few months.
Actions like agreeing in May to apply the G20’s set of “unified regulations” for digital currencies suggests an interest by authorities to keep fostering growth while keeping a close eye on consumer safety.
Bitcoin payment startup Abra has announced the addition of Visa and Mastercard payment options for buying bitcoin on its platform. The new payment option is in partnership with fintech company Simplex, per the company’s blog post.
Up until today, users who wanted to purchase cryptocurrencies were limited to a few options that included bank deposits and wire transfers. In addition to these, the company also offers a means of buying altcoins using either bitcoin or litecoin for countries where bank wires and deposit options are unavailable.
DNotes Global, Inc. announced on Friday that an experimental Proof of Concept for its DNotes Pay automated online payment tool is now available for download and testing. The new payment system is a streamlined, simplified, and user-friendly tool that provides automatic payment, confirmation, and delivery of digital products.
“DNotes Pay is a next-generation online payment solution that brings the power of convenient, low-cost merchant transactions to everyone around the world,” according to DNotes Global co-founder and CEO Alan Yong. “Until now, individual sellers have struggled to manage the expense and complications involved with traditional merchant payment systems. DNotes Pay is designed to offer a more inclusive solution and greater self-empowerment and opportunity for people everywhere in the world.”
The Thai Securities and Exchange Commission (SEC) has officially announced its regulations for initial coin offerings (ICOs). The rules specify requirements for ICO portals, issuers, as well as who can invest in tokens. The Commission has also provided a series of infographics to explain the regulations.
Thai SEC’s Official Statement
The Thai SEC officially announced Wednesday the regulations for ICOs, which will take effect from July 16, according to local media.