MakerDAO Token Holders Vote on Whether to Lower DAI Stability Fee by 2%

A vote about whether to decrease the so-called stability fee for MakerDAO’s ethereum blockchain-based decentralized stablecoin DAI has started. The vote was announced on the organization’s blog on May 17. If approved, the latest proposal would decrease the stability fee by 2% to 17.5% per year. According to the announcement, the need to decrease the fee was discussed during the MakerDAO governance call that took place on May 16. MakerDAO is looking to change the yearly stability fee in an attempt to improve the token’s peg to the U.S. dollar…

Bitfinex Crypto Exchange to Debut New Exchange Utility Token

Major cryptocurrency exchange Bitfinex has unveiled its exchange utility token UNUS SED LEO, in a press release on May 17. The token will be useable for a variety of exchange-based activities and will begin trading on Bitfinex on May 20 against tether (USDT), bitcoin (BTC), ether (ETH), U.S. dollars and EOS pairs. The whitepaper for the project, published on May 10, describes LEO as “a utility token at the heart of the iFinex ecosystem.” iFinex is the parent company of Bitfinex. iFinex purports that it provides a stronger and more independent…

Blockchain Infrastructure Firm Blockstream Launches Security Token Platform

Blockchain infrastructure firm Blockstream announced the launch of its security token platform in a press release shared with Cointelegraph on May 15. Per the announcement, the new Liquid Securities platform is a solution for businesses to issue security tokens on the Liquid Network. Blockstream Chief Security Officer Samson Mow claims that while businesses are willing to issue tokenized securities, platforms such as Ethereum are not the right choice because of their scalability, privacy and reliability limitations. Blockstream claims that its platform is more suitable for such use: “Now, with the…

This Top-20 Crypto Token Surged 50% to Crush the Bitcoin Rally

By CCN: While Bitcoin has commandeered the spotlight following its massive rally, altcoins don’t want to stay entirely aloof from the bullish craze. Ontology (ONT) ranked among the crypto market’s best performers over the past week. Ontology’s bullish explosion began on May 10, when the cryptocurrency surged from just $0.99 to a high of $1.52 today. Thus, ONT has rallied over 50 percent in less than six days, exceeding Bitcoin’s gain of 33 percent for the same period. The Ontology cryptocurrency surged 50 percent in less than a week. |…

First Security Token Blockchain called Polymesh announced by Polymath at Consensus New York 2019

Polymath, a leading security token platform that makes it easy to create and manage security tokens, has announced that they will build the world’s first security token Blockchain called Polymesh. The new Blockchain is going to be built in collaboration with Charles Hoskinson, co-founder of Ethereum and Cardano. The announcement was made on stage at Consensus in New York by Polymath Co-Founder Trevor Koverko, alongside Charles Hoskinson. Hoskinson will take on the roll of Polymesh’s co-architect. advertisement Until now, Polymath has built its technology solution for security tokens on Ethereum.…

HTC Debuts Smartphone In-Wallet ERC-20 Token Swaps

Consumer electronics giant High Tech Computer (HTC) is rolling out in-wallet cryptocurrency trading for users of its Exodus 1 smartphone, according to a press release shared with Cointelegraph on May 14. HTC, which this week announced a low-cost version of its blockchain smartphone would appear around Q3 2019, now allows Zion Vault users to swap between various cryptocurrencies. The feature comes as a result of a partnership with Kyber Network, a dedicated platform for cross-token trading solutions. Swaps involve a selection of Ethereum (ETH)-based ERC-20 tokens, including basic attention token…

Token Taxonomy Act Includes De Minimis Tax Exemption for Crypto

The recently reintroduced Token Taxonomy Act (TTA) will create a de minimis tax exemption for crypto transactions under $600, according to the executive director of Coin Center, Jerry Brito, at Consensus 2019 on May 13. The de minimis tax exemption stipulates that if a crypto owner experiences a capital gain up to $600 of crypto, then that owner is not required to report the gain to the Internal Revenue Service (IRS), the United States’ tax authority. Brito notes that this situation parallels how small gains on foreign currencies were treated…

Charles Hoskinson to Launch Security Token Blockchain With Polymath

Security token platform Polymath will build a separate blockchain for regulation-compliant tokens with an Ethereum (ETH) co-founder, the company confirmed in a blog post on May 13. Polymath, which has already contributed to the launch of over 100 security tokens, will now work with Charles Hoskinson on a new project dubbed Polymesh. Hoskinson, who after Ethereum became known for his subsequent cryptocurrency projects Cardano (ADA) and IOHK, will leverage his expertise to inform the development of the new platform. The partners confirmed the plans at the ongoing Consensus 2019 conference…

Bitfinex’s Private Token Sale Raised $1 Billion in 10 Days, Exec Says

Cryptocurrency exchange Bitfinex has raised $1 billion through its native token in a private sale, according to its chief technology officer. Paolo Ardoino‏ tweeted Monday that Bitfinex has achieved the target in just 10 days, with participation from “giant” firms from both within the cryptocurrency industry and outside. Some of the investors, which were not named, invested over $100 million each, Ardoino‏ said, adding that others also contributed investments of over $1 million each. . @bitfinex is able to raise 1b USDt in 10 days, in a private sale. Private…

William Shatner Beams Up Ethereum-Based Proof-of-Authenticity Token

By CCN: William Shatner announced he’s partnering with Mattereum to launch an Ethereum token that authenticates and digitally transfers ownership of physical items like collectibles and instruments. He tweeted: “Today I am announcing that I am partnering with Mattereum and other technology creators to establish an authentication system, it establishes an irrefutable, internationally recognized proof of authenticity.” Shatner gave a shout out to homeboys Elon Musk and Vitalik Buterin in a tweet with a video making the announcement: Cryptonians! My friends @VitalikButerin & @ElonMusk were trying to decide what to…