Category: ICO

Layer-2 Blockchain Mantle’s Token MNT Hits All-Time High as Reward System Goes Live

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The Benefits of Assets Tokenization

We need to start thinking of blockchains as infrastructure for financial innovation rather than concentrating on the prices of a few digital assets, like bitcoin and ether, says WisdomTree’s digital of digital assets, Benjamin Dean. Source

UK Ad Rules Apply to Influencers, Crypto Memes, FCA Confirms in New Guidance

The guidance is based on the FCA’s promotions regime, which says that a business should not communicate an “invitation or inducement to engage in investment activity” unless the promotion is communicated by an authorized person or a person with an exemption. This includes influencers who are operating in the “course of business, which could mean they are employed or have a commercial interest in posting the communication, the guidance said. Source

The Enablers of Decentralized AI

AI naturally evolves as an increasingly centralized technology, and any decentralization efforts are an uphill battle. But decentralization can win in specific areas of AI development, says Jesus Rodriguez, CEO of IntoTheBlock. Source

Coinbase (COIN) Loses Most of Motion to Dismiss SEC Lawsuit

“When a customer purchases a token on Coinbase’s platform, she is not just purchasing a token, which in and of itself is valueless; rather, she is buying into the token’s digital ecosystem, the growth of which is necessarily tied to value of the token,” she said. “This is evidenced by, among others, the facts that (i) initial coin offerings are engineered to have resale value in the secondary markets and (ii) crypto-asset issuers continue to publicize their plans to expand and support the token’s blockchain long after its initial offering.”…

Amid Giant Crypto Rally, Hopes for Another DeFi Summer Soar

Because the crypto industry remains relatively small, there’s simply not enough capital to lend to people who are bullish and, as a result, they don’t mind borrowing at high rates. While institutions are clearly interested in crypto, they are not actually filling gaps in market demand, Vogelsang pointed out. “A money market off-chain wouldn’t yield 12% just because there’s a lack of supply; someone would fill it. On-chain, that’s not the case,” he said. “It’s a sign of immaturity in that way.” Source