Tag: Blockstacks

Blockstack’s CEO looks to build a new framework for crypto securities

boss

You could argue that the crypto industry should be crowdsourcing Blockstack’s legal expenses.  Blockstack’s trailblazing work with the Securities and Exchange Commission on the initial coin offering (ICO) for its native Stacks (STX) tokens made headlines in mid-2019. On Monday, Cointelegraph reported on Blockstack’s legal analysis that said that upon the launch of its 2.0 network next month, Stacks will be sufficiently decentralized to leave the status of a security. Blockstack itself will be rebranding to Hiro Systems to further encourage the independence of Stacks tokens. To explain a complicated…

OKCoin to Become First Exchange to List Blockstack’s STX Token in US

boss

STX token trading will begin on the OKCoin exchange after the launch of the Stack 2.0 mainnet on the 14th of January. OKCoin has revealed plans to list Blockstack‘s STX token in the US in 2021. After a successful listing, OKCoin users in the US will have access to trade STX on the OKCoin exchange platform. Apart from its US customers, OKCoin said users in other countries will also be able to trade STX. However, customers in the EU, Singapore, and Brunei will not be able to trade STX on the exchange…

Blockstack’s Stacks Tokens Could Be Tradable in US Amid New Blockchain Launch

boss

With the launch of a new blockchain – Stacks 2.0 – earlier next year, Blockstack PBC’s cryptocurrency Stacks token (STX) could be available to investors in the U.S. once it is no longer considered a security under U.S. Securities and Exchange Commission (SEC) regulations, according to public documents. Blockstack, a decentralized computing platform that aims to put users in control of their data and identity, launched a token sale in 2019 after filing for the SEC’s Regulation A+ crowdfunding exemption, which made the company the first approved to raise capital…

Following 2.0 launch, Blockstack’s STX may be free to trade in the US

boss

Blockstack may be about to go where no token has gone before, by metamorphizing from a security to a non-security, as far as U.S. regulators are concerned. In a Monday blog post, Blockstack CEO Muneeb Ali published a legal memorandum in which the firm argues that its Stacks (STX) tokens will no longer qualify as securities once the new blockchain launches. The firm predicts that Stacks Blockchain 2.0 will be live “at the end of 2020 or the beginning of 2021.” But what does the new blockchain have to do…

Blockstack’s Proof of Transfer Would Have Miners Pay BTC to Mint Stacks

boss

Blockstack unveiled a novel consensus mechanism for piggyback blockchains called Proof of Transfer (PoX) on Feb. 6. Instead of relying on its own proof of work, miners under PoX commit Bitcoin (BTC), which circulates in the ecosystem. The system will be used in Blockstack’s proposed Stacks 2.0 blockchain, which is set for release later in 2020. The Proof of Transfer mechanism was devised to piggyback on the security of Bitcoin, while allowing complex interactions between stakeholders within the Stacks ecosystem. Cointelegraph spoke with Muneeb Ali, Blockstack’s CEO, to learn more…

Muneeb Ali Explains Blockstack’s Big Bet on Bitcoin

boss

Blockstack is integrating the security and the incentives of bitcoin to its ecosystem. CEO Muneeb Ali explains the changes. Last week, Blockstack announced a new proposal through which node operators would be rewarded in bitcoin. The concept behind Proof of Transfer is that, for the cryptoasset ecosystem to run, electricity should only have to be converted into digital scarcity once.  In this interview with @nlw, Blockstack CEO Muneeb Ali explains how, by tying the security of Blockstack’s Stacks blockchain to bitcoin and allowing miners to be rewarded with BTC, Blockstack…

Harvard University Purchases Blockstack’s Crypto Tokens

boss

In the news making headlines in the cryptocurrency industry, Harvard University Endowment has made an investment in the crypto token sale of Blockstack. Blockstack Offering 95.83 million Crypto Tokens A filing made with the US Securities Exchange Commission listed designees affiliated to the Havard Management Company including Charlie Saravia, Rodolfo Gonzalez, and Zavain Dar who have been participating in the purchase of 95.8 million Blockstack tokens, worth $11.5 million. Although it’s not clear how much the Harvard University Endowment has purchased, it is, however, the first time a major endowment has…

Blockstack’s First Business App Wants to Help Employees Earn More Crypto

boss

If cryptocurrency is decentralizing the world of money, a new bitcoin wallet startup thinks it could also help decentralize the world of work. Revealed exclusively to CoinDesk, Misthos launched its multi-signature wallet Monday on top of Blockstack‘s decentralized application platform. One of the first enterprise products launched on Blockstack, the wallet is designed for project teams, investment partnerships and other ad hoc ventures to manage the divvying up of income (received as bitcoin) among their individual members. These organizations, which often form to carry out a specific objective before disbanding…