Live Streaming Startup YouNow Files SEC Filing for Compliant Token Earning for App Users

Live streaming startup YouNow, which created the decentralized digital video ecosystem Props in 2017 and is backed by Union Square Ventures, has filed a public offering with the United States Securities and Exchange Commission (SEC) for its Props token. The development was revealed in a press release shared with Cointelegraph on June 19. The YouNow app — which reportedly counts 47 million registered users — has submitted its application as a Regulation A+ filing with the SEC. Pending approval, the initiative could see accredited and retail users alike globally earning…

Binance to Launch Bitcoin-Pegged Token on Its Own Blockchain

Binance will issue a number of tokens pegged to leading cryptocurrencies on Binance Chain to boost the number of trading options on its platform. The tokens are also likely to be extended to Binance DEX, the firm’s recently launched decentralized exchange, as they create the potential to in effect move cryptos from different blockchains onto its network. The company said in a blog post that it expects to release the first such token – one pegged to bitcoin and to be listed as BTCB – in the coming days. A trading…

Bitfinex Is Starting to Buy Back and ‘Burn’ Its LEO Exchange Token

Cryptocurrency exchange Bitfinex has announced a transparency initiative that will see it put on full view the buying back and “burning” of its LEO exchange token. In an announcement Friday, the firm said as part of its token redemption process, the UNUS SED LEO Transparency Initiative will allow the public to see parent firm iFinex use its gross revenues to purchase circulating LEO tokens at market rates. These will then be destroyed, or burned, as the firm effectively pays back those who bought the exchange token in a $1 billion sale early last month. Bitfinex…

Messaging Giant Telegram’s ICO Token Is at Last Going on Public Sale

Messaging app giant Telegram’s gram token, previously sold to accredited investors in one of the biggest-ever ICOs, is at last to be offered to the public. As reported by TechCrunch, a limited sale of the gram token will take place on the Liquid exchange from July 10. The offering reportedly comes before a full public sale planned for October. The cost of the token and the targeted total for the raise are not being disclosed as yet. The sale is being made via Gram Asia, which TechCrunch says is a Korean entity claiming…

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. The funds were collected in the form of USDT, the stablecoin operated by the closely-linked firm Tether, according to the tweet. Some of the investors, which were not named, invested over $100 million worth of tokens each, Ardoino‏ said, adding that others…

Bitfinex Releases White Paper for LEO Token Sale

Bitfinex is forging forward despite its ongoing row with the authorities, and it’s looking for investors to support its efforts. Today, May 8, 2019, iFinex, the operator and parent company of the popular cryptocurrency exchange, released a private token sale white paper, putting to rest rumors of its Initial Exchange Offering (IEO). Bitfinex is launching the token sale in a bid to compensate clients whose funds disappeared as part of the $850 million loss the exchange incurred at the hand of its payment processor Crypto Capital. Funds raised will also…

‘Not a White Paper’: Marketing Document Details $1 Billion Bitfinex Token Sale

New details are emerging about a planned $1 billion token sale to be held by iFinex, the parent company of Bitfinex and Tether, two cryptocurrency companies currently being sued by the state of New York for allegedly covering up a $850 million loss in customer funds. Released today on Twitter by known company shareholder and over-the-counter trader Zhao Dong, a 3-page “marketing document” details the specifics of how the sale might ultimately take place, while noting throughout that it is not intended to be legally binding. For example, the document…

English Soccer Club Launches Blockchain Fan Token

English Premier League soccer team West Ham United turns to blockchain to launch its own token. The “fan token,” powered by Socios.com will allow West Ham’s 40 million supporters to vote on club decisions and gain access to exclusive rewards. The fan token initiative has already been adopted by Juventus and Paris St. Germaine and comes during a wave of mainstream blockchain adoption. Just this week, Jaguar Land Rover inked a deal with cryptocurrency platform IOTA.  West Ham United is proud to announce a partnership with @socios, the blockchain-based fan…

Bitfinex Is Planning to Issue an Exchange Token, Shareholder Says

Hong Kong-based cryptocurrency exchange Bitfinex may soon issue a proprietary exchange token, according to a shareholder of the platform claiming knowledge of the plan. Dong Zhao, a well-known over-the-counter trader in China who holds a stake in Bitfinex, who first announced the news on Weibo, told CoinDesk that the exchange is indeed planning the issuance, although the “details are not 100 percent confirmed.” Bitfinex has not responded to a CoinDesk request for comment as of press time. It’s unclear at this stage how the plan would play out or what…

Data Market Ocean Tries New Token Sale After CoinList Offering Misses Target

After a token sale on CoinList failed to reach its target, data marketplace Ocean is trying again on crypto exchange Bittrex International. Ocean Protocol has a vision to become the ecosystem for “a new data economy,” its founder Bruce Pon told CoinDesk. With the release of Ocean’s version 1.0 beta network earlier in April, its tokens are ready to be used on the platform, but the company has not quite met its fundraising goal. Through its initial exchange offering (IEO), Ocean aims to raise $6.77 million in bitcoin, following a previous…