March 28, 2019

TokenPay Seals Equity Deal in Australian Lingerie Giant Naked Brand Group

March 28, 2019 boss

Swiss decentralized payment startup TokenPay has acquired a large number of shares in an Australian lingerie giant, a document originally issued on March 19 reveals. According to the filing, TokenPay purchased 1,840,216 shares of Naked Brand Group’s (NAKD) common stock, a 6.2 percent stake. The company has various brands on the market, perhaps the best-known of which is supermodel Heidi Klum’s Intimates line. Explaining the impetus behind its choice of spending and subsequent area for development, TokenPay revealed NAKD had in fact suggested it was curious about blockchain technology. “Why…

Swiss Watchdog Rules Crypto Miner’s ICO ‘Seriously Violated’ Laws

March 28, 2019 boss

Switzerland’s finance watchdog has found that the cryptocurrency mining firm Envion AG, which raised millions through an initial coin offering (ICO), held the sale illegally and “seriously violated” laws. Announcing the news on Wednesday, the country’s Financial Market Supervisory Authority (FINMA) said that Envion unlawfully received public deposits worth over 90 million francs ($90.33 million) from at least 37,000 investors through its token offering early in 2018. FINMA began investigating Envion in July 2018 for potentially breaking financial market rules. In Wednesday’s statement, the regulator concluded that Envion carried out…

Swiss Watchdog Rules Crypto Miner’s ICO ‘Seriously Violated’ Laws

March 28, 2019 boss

OKEx Founder Reveals OK Group’s Partnership With US Trust Firm, Plan to Launch Stablecoin

March 28, 2019 boss

Star Xu — founder of exchange services provider OKCoin and the world’s 6th largest crypto exchange OKEx — has announced OK Group’s partnership with blockchain-focused trust company Prime Trust, prospectively allowing the firm to launch its own compliant stablecoin. The news was revealed in a tweet from Star Xu on March 28, retweeting an earlier March 27 tweet from Prime Trust announcing the partnership. Star Xu has written that the new partnership will see OK Group undertaking “an in-depth collaboration and offer[ing] diverse, secure and regulatory compliant services with Prime…

Analyst Predicts $55,000 Bitcoin After Halving: Why Is Ethereum’s Vitalik Worried?

March 28, 2019 boss

Last year, the narrative was that institutional money was going to wrest cryptocurrencies from bears’ grasps. This year, it seems that investors are latching onto the impending Bitcoin (BTC) block reward reduction (halving), which will reduce natural selling pressure on the crypto market. A leading analyst claims that the auspicious event, slated to occur in May 2020, will eventually bring BTC over $50,000, citing a scarcity valuation model. Bitcoin Block Reward To Catalyze Parabolic Run Industry researcher PlanB recently shared his thoughts on 2020’s halving in an extensive Medium post.…

Ledger, Trust Company Legacy Trust to Offer Crypto Custody for Institutional Investors

March 28, 2019 boss

French hardware wallet producer Ledger has partnered with Hong Kong trust company Legacy Trust to offer institutional cryptocurrency custody services, according to a press release shared with Cointelegraph on March 28. The announcement — which also claims that this is the launch of the first institutional-grade digital asset custody service — specifies that the new offering will be based on Ledger Vault, Ledger’s institutional wallet manager. In order to develop the Ledger Vault custody service, the company reportedly expanded to New York in November last year. According to the service’s…

Bitcoin No-Brainer Buy ‘Very Near’ as Transactions Near All-Time High

March 28, 2019 boss

By CCN.com: Bitcoin transactions surged to a 14-month high on Wednesday, reaching levels not seen since the peak of 2017’s cryptocurrency bull run. #bitcoin transactions reaching ath’s again🚀 pic.twitter.com/YMfQIQir1C — Sakura 桜 (@SakuraXBT) March 28, 2019 It comes as financial ratings firm Weiss said “the best time to invest could be very near,” citing the “remarkable growth in user transaction volume”. In its Annual Outlook for Cryptocurrency Industry, Weiss’ full statement reads: “Despite lower prices since early 2018, our ratings model gives us hard evidence that a critical segment of…

Bitcoin No-Brainer Buy ‘Very Near’ as Transactions Near All-Time High

March 28, 2019 boss

Fake Volume Reports Are Useful for Crypto Industry to Move Forward

March 28, 2019 boss

The CEO of cryptocurrency exchange Binance, Changpeng Zhao, said in an interview with Cointelegraph on March 27 that recent reports on fake trading volumes are useful for the crypto industry. CT speaks with Binance and The Tie about fake trade volume reports. Source: Cointelegraph Zhao, known in the industry as CZ, said that the reports — most recently from Bitwise Asset Management and The Tie — on exchanges widely faking volumes will end up making the whole industry more transparent. He also stressed that the story has nothing to do…

Crypto Startup TokenPay Buys Equity Stake in Heidi Klum Lingerie Maker

March 28, 2019 boss

Cryptocurrency startup TokenPay is getting into the lingerie business. Revealed in a filing Wednesday with the U.S. Securities and Exchange Commission, the Switzerland-based startup has spent $1.3 million for a 6 percent equity stake in Naked Brand Group (NAKD), the Australian lingerie company best known for supermodel Heidi Klum’s signature fashion lines. TokenPay CEO Derek Capo told CoinDesk the move is part of the startup’s broader diversification strategy following a December 2017 token sale that netted 2,000 bitcoin, or roughly $20 million. Spending token sale proceeds on equity investments has been…