Category: ICO

Block.One Is Taking a Bigger Role With EOS (And That’s a Big Deal)

Block.One has decided to start voting with its hoard of EOS tokens. Announced last week, the decision finds the startup that created the EOS software, now powered by the fifth most valuable cryptocurrency, breaking with precedent in a move that may have come as a surprise to those following the project’s decentralized launch. That’s because since going live on June 14, the company has largely declined to exercise its influence over the code, preferring to encourage its users to unite, even in sometimes messy decision-making. And there’s a good reason…

Tezos Investors Got a Chance to Sell This Week – And They Took It

After waiting nearly a year to get their tokens, the first thing many Tezos investors did was get rid of them. At least, that seems to be the case according to available market data, which indicates a wave of selling has taken place since the tech backing the crypto asset was released in beta. All in all, prices fell 34 percent on Monday to $2.00, according to CoinMarketCap. From a Monday high above $4, the price dropped 74 percent to a Friday low of $1.10, before paring losses to reach roughly $1.76…

Smartphone Giant Xiaomi Disavows ICO Token Pegged to Its Stock

Smartphone maker Xiaomi said it has not authorized and has no connections to an initial coin offering scheme that is selling a token which is said to peg to Xiaomi’s stock price in its upcoming initial public offering. The Chinese smartphone maker is currently scheduled to go public on the main board of the Hong Kong Stock Exchange on July 9. Aiming to raise $4.7 billion, Xiaomi’s IPO is seen as one of the most notable public offerings in Hong Kong this year. And the anticipated IPO appears to have…

Charts: SEC Data Shows Token Filing Figures Just Keep Rising

Regulatory uncertainty or not, data from the SEC indicates the number of filings related to token sales continues to trend upward. Indeed, a review of SEC data through June indicates that the SEC has received nearly 100 filings for token sales (93) in the past year, beginning with four in August 2017 and building to an all-time high of 15 in May. Many of the filings reviewed by CoinDesk related to sales of Simple Agreements for Future Tokens, or SAFTs, which essentially serve as promises for tokens at a later date.…

Delays Be Damned: Tezos Blockchain Tech Enters Beta Testing

After months of painful wrangling, the Tezos network is up and running – more or less. The Tezos Foundation announced on Saturday that the blockchain’s “betanet is live.” As the group explained prior to the launch, this means that a fully functional version of the network is available, but still “experimental” in nature, with downtime and even emergency hard forks of the network possible. The foundation’s plan is for transactions that occur on the betanet to remain valid on the mainnet – the final version of the network, expected in Q3 –…

VeChain Arrives: What to Know About the $1.5 Billion Blockchain for Business

Yet another top-20 cryptocurrency has officially released live software. As of 0:00 UTC Saturday, the first block on the VeChain blockchain, whose token supply is valued at $1.46 billion at writing, has been mined, marking a milestone for a project that aims to convince businesses to adopt code tied to a crypto asset traded on a public market. Seeking to address obstacles with public blockchains like ethereum and bitcoin (namely alleged governance inefficiencies, economic model issues and design difficulties), the project also hopes to eclipse solutions like Hyperledger that have so far…

A $700 Million Cryptocurrency Called Ontology Is About to Go Live

If all goes well, $700 million worth of cryptocurrency is about to find a new home. That’s because Shanghai-based Ontology, a project working closely with those behind the “smart economy” blockchain Neo, is expected to launch its live blockchain on June 30, a step that will find one of the top 20 crypto assets finally releasing its own proprietary technology. Described as an enterprise-focused platform, Ontology is seeking to provide a high volume of fast and cheap transactions, all while helping businesses grapple with the thorny problems of interoperability and…

The EOS Arbitrator Problem: A Crypto Governance Breakdown Explained

“They have to figure their own shit out.” Those were the harsh words of one of EOS’ top “block producers” – the network participants in charge of maintaining the blockchain – on Monday as the world’s fifth largest cryptocurrency attracted public ridicule for its current state of confusion. As told to CoinDesk by Kevin Rose, co-founder and head of strategy at EOS New York, the statement could reflect the broader snags the software has faced since release, but this comment was focused specifically on the EOS Core Arbitration Forum (ECAF). So far,…

Tron Claims Its Blockchain Is Live, But Its Token Migration Isn’t Over

Tron, the $3 billion decentralized internet project, may have gone live today, but its full “independence” from the ethereum blockchain isn’t yet complete. Although Monday was intended to serve as an “Independence Day” celebration marking both the official launch of its mainnet and the completion of its departure from its former host, ethereum, the project has only achieved the former. More precisely, founder Justin Sun said during a live stream that Tron is still in the process of migrating the last of its users’ TRX tokens from ethereum to its mainnet.…