Brazilian Bank Aims to Raise $15 Million Through Security Token Offering

A Brazilian investment bank is planning to raise millions of dollars through the offering of a security token. In an announcement Thursday, Banco BTG Pactual said it will back its blockchain-based token with distressed Brazilian real estate assets, with the expectation of raising up to $15 million. It will also establish a secondary market following the sale in order to provide liquidity to the tokens. The offering will allow investors to invest in the Brazilian real estate market and, based on the performance of the tied assets, receive periodic profits. International investors will be…

Don’t Underestimate Samsung Galaxy S10’s Crypto Offering, Millions Will Be Exposed To Bitcoin

It’s official, Samsung, one of the most preeminent powerhouses in the technology sector, has formally delved into the crypto space. While the company, headquartered in Seoul, South Korea, has hinted at its involvement with blockchain historically — backing CryptoKitties, experimenting with ASICs, and trialing blockchain — it has yet to release a cryptocurrency product built for the masses. Until now, that is. Meet Samsung’s Blockchain Keystore On Wednesday, at the most important date on the Samsung calendar — Unpacked 2019 — the technology giant unveiled its latest flagship products, the Galaxy S10…

Don’t Underestimate Samsung Galaxy S10’s Crypto Offering, Millions Will Be Exposed To Bitcoin

It’s official, Samsung, one of the most preeminent powerhouses in the technology sector, has formally delved into the crypto space. While the company, headquartered in Seoul, South Korea, has hinted at its involvement with blockchain historically — backing CryptoKitties, experimenting with ASICs, and trialing blockchain — it has yet to release a cryptocurrency product built for the masses. Until now, that is. Meet Samsung’s Blockchain Keystore On Wednesday, at the most important date on the Samsung calendar — Unpacked 2019 — the technology giant unveiled its latest flagship products, the Galaxy S10…

New Regulatory Framework for Digital Asset Token Offering Introduced in Philippines

The Philippines has introduced a new set of rules governing Digital Asset Token Offering (DATO), according to a press release published by the Asia Blockchain and Crypto Association (ABACA) on Feb. 4. The new regulations released by the country’s Cagayan Economic Zone Authority (CEZA) are reportedly designed to regulate the cryptocurrency industry and protect investors, affecting such issues as the acquisition of crypto assets, including utility and security tokens. The CEZA thus becomes the main regulator, while the ABACA has been designated as a self-regulatory organization (SRO) to enforce the…

Fidelity Investments to Start Offering Bitcoin Custodial Services in March 2019

Fidelity Investments, a Boston-based multinational financial services corporation,  has revealed it would launch own bitcoin custodial service for institutional investors and cryptocurrency big whales in March this year, according to a Bloomberg report on January 29, 2019.   Fidelity Still Betting on Bitcoin As reported by BTCManager earlier in October 2018, Fidelity Investments, a multinational financial services corporation with $7.2 trillion in assets under management, announced plans to start offering clients bitcoin custodial services. Now, per sources close to the matter, the financial services giant has made it clear it would…

B2C2 Now Offering Clients Point-and-Click OTC Bitcoin, Ether, Litecoin, and Bitcoin Cash Trading Execution

B2C2, a leading cryptocurrency over-the-counter (OTC) liquidity provider for digital assets exchanges and financial institutions, has announced its streaming pricing feature aimed at enabling OTC traders to carry out “point-and-click” trading execution, according to a Business Wire press release on January 21, 2019.   OTC Traders’ Orders Executed in Real Time In its bid to eliminate all forms of delays in OTC order execution, B2C2 has launched a new secure web interface to enable its OTC cryptoassets traders to execute trades in real-time on a two-way market. As stated in…

Bitwala Begins Offering Bank Accounts With Bitcoin Wallet and Debit Card

Finance Cryptocurrency banking provider Bitwala has started offering its banking service to cryptocurrency users in Germany, starting with 40,000 pre-registered customers. A spokesperson for the company has shared details with news.Bitcoin.com about this new service which will soon add support for additional countries and cryptocurrencies. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations New Banking Service for Crypto Users Bitwala announced on Wednesday, Dec. 12, that it has started offering banking service to cryptocurrency users. “New users along with the 40,000 pre-registered customers will be onboarded…

Crypto Exchange Kraken to Plan Private Offering After ‘$4 Billion’ Valuation

United States cryptocurrency exchange Kraken is considering a private offering to high net worth investors, Finance Magnates reported Dec. 12, quoting emails sent by the company. Kraken, which is currently the subject of a lawsuit over its support of the competing forks of altcoin Bitcoin Cash (BCH), has reportedly valued its shares at $4 billion. According to Finance Magnates, executives are now offering select major clients to whom the email was sent a chance to acquire further equity, subject to a minimum investment of $100,000. “The transaction process will be…

Crypto Company Offering Virtual ATMs Hits New Daily Highs — And Aims to Take on Square

A crypto company that enables thousands of retailers to function as virtual ATMs for an array of cryptocurrencies has recently processed its largest single transaction to date, valued at over $3.44 million.   Netcoins, which is aiming to simplify the process of buying and selling crypto by offering the public a trustworthy source for making purchases, says its performance has been strengthening — even despite the recent turbulence seen in the market. Mark Binns, the company’s CEO, said, “Despite the bear crypto market that is upon us, Netcoins continues to…

Thai Cryptocurrency Exchange Set to Launch Security Token (STO) Offering Despite Bitcoin Price Slump

Despite the chilling crypto winter, bitcoin-friendly Thailand remains enthusiastic and determined to hodl on. As first reported by Nikkei Asian Review on December 4, 2018, the highly reputed Thai cryptocurrency exchange, Satang Corp. has announced plans to launch its security token offering (STO) by early 2019, and the government of Thailand fully supports it. Satang Exchange Joins the STO Movement Per sources close to the matter, Satang Corp., a leading cryptocurrency exchange and trading venue, will be organizing an STO for the first quarter of 2019 to raise $9.9 million…