Securitize Opens IRAs to Digital Securities Investors With Partnership

Digital asset issuer Securitize has facilitated what it says is the first direct IRA investment in security token offerings (STOs). Alternative investments gateway AltoIRA purchased an initial investment in security tokens representing CityBlock Capital’s $20 million venture fund, with tokens issued by Securitize. The arrangement is set to open up new opportunities for retirement investors seeking exposure to digital securities, an alternative investment, said Securitize CEO Carlos Domingo. “At the moment [digital securities] are not widely distributed,” Domingo said. “That makes it more complicated for investors to access them, creating…

Popular Korean Crypto YouTuber Badly Beaten After Threats From Angry Investors

A South Korean crypto YouTuber was assaulted at his home, with some suggesting the attackers may have been by upset investors. Kyu-hoon “Spunky” Hwang was beaten in an elevator in his apartment block at around 01:00 local time on Friday, according to CoinDesk Korea. Seoul’s Seongdong police station said it was seeking two suspects who attacked Hwang with a blunt weapon and then escaped. While the victim’s injuries are not life-threatening, he’s reported to be receiving treatment in a hospital. “It is judged to be a planned crime aimed at…

This Bullish Cryptocurrency is Asking for Investors’ “Attention”

It is an ideal time to open a long position on the popular cryptocurrency BAT, according to prominent Twitterati Crypto Michaël. The full-time stock and crypto trader said on Monday that BAT could undergo a massive upside swing that ranges from anywhere between 29 percent and 135 percent. He based his prediction upon his belief that the cryptocurrency is in a strong accumulation zone, noting that the price support area around 2,300-2,450 satoshis could attract traders en masse. “I’m aiming to see whether 2450 or 2300 hold as support,” said Mr. Michaël. The…

Crypto Investors’ Ethereum Secretly Used to Prop up HEX ‘Scam Token’

The HEX purchase address used 50 ETH to buy more tokens. The tokens were then sent to an exchange to provide liquidity for HEX traders. HEX continues to benefit its founder, to the severe detriment of its investors. Ethereum (ETH) from the flush address of the controversial HEX cryptocurrency is being recycled to buy more tokens, as shown by a breadcrumb trail of transactions on Etherscan. The ETH were then sent to a cryptocurrency exchange with the apparent intention of boosting the liquidity of the alleged “scam token.” Creator Richard…

This Cryptocurrency Plunges 14% With Rumors That Big Investors are Dumping

Blockchain startup Hedera Hashgraph (HBAR) are facing flak on Twitter. Some reports have claimed nodes have been dropped and there are accusations of bullying its community into not using the Hedera logo. This article has been updated based on a brief correspondence with Hedera’s SVP of Communication.  Hedera Says Its Nodes Aren’t Offline This morning it was reported by Twitter user @Scams_alarms that 4 out of 13 of Hedera’s council nodes went offline without any explanation. 4 out of 10 council nodes of @hashgraph went offline without any explanation Team…

Foin Token Scheme Locks Up Investors’ Money and Pumps Price

On Dec. 15, news broke that cryptocurrency payments firm and wallet provider FoPay had acquired Estonia-based digital currency trading platform AliExchange for 1 million of its native Foin (FOIN) tokens. If one were to go by Foin’s apparent value at the time, that would make the deal worth roughly $2.1 billion. Indeed, FoPay claimed as much in the press release that it issued. But Cointelegraph has found a trail of suspicious movements in Foin’s price history, as well as a web of suspect business relationships associated with the coin’s development.…

Hedera Hashgraph Asks Investors to Wait Longer for Tokens After Price Crash

Hedera Hashgraph, the company behind the blockchain-like Hedera network, is asking investors to wait longer for tokens they paid for, in order to stabilize their cratering price. In return for a delayed distribution of their HBAR tokens, investors would ultimately get more of them than originally stipulated in a simple agreement for future tokens (SAFT). Over time, this additional allocation would help them recoup their initial investments. “[P]articipating SAFT holders would receive additional allocations of coins, made on an annual basis, the cumulative sum of which, over time, would equal…

Hedera to Compensate Investors That Lock Tokens With More Crypto

Blockchain firm Hedera announced that holders of its HBAR token that decide to lock their crypto assets will be compensated with more cryptocurrency. In a blog post on Dec. 23, the company announced that, beginning in early 2020, HBAR holders that participated in the token sale will be able to take part in a program that would compensate them with annual allocations of additional coins. In exchange, investors would have to postpone the release date of the tokens acquired in their original investment. Payments driven by adoption The offer is…

Crypto IEO ‘Poor Performance’ Sees Investors Lose up to 98%

Initial exchange offerings (IEOs), which launched in 2019 have lost investors up to 98% of their money, damning new statistics show.  In its latest report on the phenomenon published on Dec. 23, the analytics arm of exchange BitMEX, BitMEX Research, identified twelve major IEOs that launched this year. Of those, eleven are now almost worthless compared to the price at which they first traded on exchanges. Almost all IEOs down 80% or more “Relative to the first traded exchange price… the performance to date has been poor. Almost all the…

With so Much Debt Around, Investors Need Bitcoin as a Reflation Hedge

This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Ari Paul is CIO and managing partner of BlockTower, an investment firm. Cryptocurrency has many value propositions, including censorship resistance, seizure resistance, and global coordination without middlemen. Until recently, one value proposition seemed largely hypothetical – depreciation resistance (that is, a store of value immune to inflationary money printing at the whim of central bankers or politicians). While bitcoin fans have long noted how fiat is…