Prediction Startup Numerai Raises $11 Million in ICO

American prediction market startup and hedge fund Numerai (NMR) has raised $11 million in an initial coin offering (ICO) to launch its project Erasure, Numerai tweeted on March 21. Introduced in late 2016, Numeraire network provides a blockchain and cryptographic token-based ecosystem for incentivizing anonymous data scientists to create predictive models. Based on the Ethereum (ETH) blockchain, Numeraire tokens are used in trading market predictions on the startup’s platform. Numerai founder Richard Craib said that the funds from the recent ICO will be mostly spent on hiring engineers for Erasure,…

US Prediction Startup Numerai Raises $11 Million in ICO

U.S. prediction market startup and hedge fund Numerai raised $11 million in an ICO to launch its Erasure project. American prediction market startup and hedge fund Numerai (NMR) has raised $11 million in an initial coin offering (ICO) to launch its project Erasure, crypto industry media outlet Coindesk reports on March 21. Introduced in late 2016, Numeraire network provides a blockchain and cryptographic token-based ecosystem for incentivizing anonymous data scientists to create predictive models. Based on the Ethereum (ETH) blockchain, Numeraire tokens are used in trading market predictions on the…

Binance Launchpad Hosts Its Third ICO With Celer Network Raising $4 Million

Binance Launchpad, the token launch platform of the major global crypto exchange Binance, has completed a $4 million sale of Celer Network (CELR) tokens, the company wrote on March 19. The tokens sale was completed in 17 minutes and 35 seconds, with all 597,014,925 CELR tokens sold in a single session. As the company announced two weeks ago, the CELR token sale only accepted Binance’s own cryptocurrency Binance Coin (BNB), with each CELR token worth 0.000434 BNB or $0.0067 dollar equivalent. One BNB could purchase 2,303.35821 CELR tokens. The minimum…

ICO fines Vote Leave £40,000 for sending unlawful text messages

The Information Commissioner’s Office (ICO) has fined Vote Leave Limited £40,000 for sending out thousands of unsolicited text messages in the run up to the 2016 EU referendum. An ICO investigation found that Vote Leave sent 196,154 text messages promoting the aims of the Leave campaign with the majority containing a link to its website. The investigation also found that Vote Leave was unable to provide evidence that the people who received the messages had given their consent; a key requirement of electronic marketing law. ICO Director of Investigations, Steve…

Cross-Platform Blockchain Project Cosmos Launches First Hub After $17 Million ICO

Blockchain platform Cosmos, which is set to work as a mediator between different blockchains, has officially launched the first hub of its ecosystem on Wednesday, Mar. 13. The Cosmos initial coin offering (ICO), held in April 2017, raised a little more than $17 million. The Cosmos Network, which describes itself as “The Internet of Blockchains,” was developed by California-based startup Tendermint Inc — a software development company that was appointed by Swiss non-profit Interchain Foundation to develop the cross-blockchain ecosystem. The mainnet launch, which was announced on Cosmos Twitter, was…

Thailand’s Securities Watchdog Approves Country’s First ICO Portal

Thailand’s Securities and Exchange Commission (SEC) has given the green light to the country’s first portal for scrutinized initial coin offerings (ICOs). As reported by Bangkok Post on Wednesday, the decision was made by the SEC’s board of directors and now needs final approval from other government bodies such as the Ministry of Commerce, according to the agency’s director of fintech, Archari Suppiroj. The portal is being developed to protect investors by scrutinizing ICOs and auditing their smart contracts, as well as countering financial crimes by ensuring sound know-your-customer processes. Suppiroj further told the Post…

Report: Thai SEC Approves Country’s First ICO Portal

Thailand’s securities regulator has approved the first initial coin offering (ICO) portal in the country,  local daily news outlet the Bangkok Post reported on March 12. The Thai Securities and Exchange Commission’s (SEC) board of directors has reportedly authorized the first ICO portal that allows to screen ICOs, perform due diligence, confirm smart contract source codes and conduct Know Your Customer (KYC) procedures. The operator of the ICO portal is reportedly a foreign entity. Archari Suppiroj, director of the fintech department at the SEC, reportedly told the Bangkok Post, “Thailand’s…

Dubai Real Estate Giant Emaar to Launch ETH Token, Considers ICO in Europe

Dubai-based real estate giant Emaar has announced plans to launch a token and is considering holding an initial coin offering (ICO) in Europe, English-language local media Arabian Business reports on March 11. Per the article, the token will be developed by Swiss blockchain startup Lykke, and will grant Emaar’s customers and stakeholders access to the referral and loyalty system across the entire company. Emaar is the largest real estate company in the United Arab Emirates (UAE), responsible for the Burj Khalifa, Dubai Fountain, Dubai Mall and Dubai Opera. According to…

South Korean Kakao Corp’s Ground X Plans to Extend ICO After Raising $90 Million

The crypto unit of South Korea’s largest internet conglomerate Kakao Corp will repeat its initial coin offering (ICO) after netting $90 million from investors, Bloomberg reported on Mar. 11. Klaytn, the blockchain platform which is the responsibility of spin-off firm Ground X, will now seek to raise another $90 million as soon as this week. In December 2018, Kakao had first announced that it was planning to raise around $300 million through Ground X to develop its own token. According to Jason Han, CEO of Ground X, IDG Capital, Cresendo…

Crypto Industry Trade Group JCBA Issues Guidelines for ICO Regulation

In order to promote domestic blockchain and  cryptocurrency-related businesses, the Japan Cryptocurrency Business Association (JCBA) has published its “Recommendations on New ICO Regulation” on Friday, March 8. The recommendations on Initial Coin Offerings (ICOs) regulations issued by the JCBA — a local industry trade group — focus on three main topics: the expansion of cryptocurrency in Japanese domestic exchanges, as well as the definitions of and regulations for utility tokens and security tokens. The proposed regulations suggest distinguishing between security and utility tokens and making the former subject to the Financial…