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XRP Price Falls Amid Sell-off Involving 100 Million XRP Tokens While...

Ever since the beginning of the year, XRP price has been having difficulty moving higher against the USD. It’s been a cause for concern for members of the XRP rich list and the XRP Army. This is because XRP news has been mostly positive over the last few months but this doesn’t seem to have any lasting effect on the price. When the price of Bitcoin and other cryptocurrencies were rising against the USD, the price of XRP was stuck in a descending trendline. It has been unable to retest the $0.38 resistance it initially tested and is struggling to stay above the $0.32 support level. Our XRP price prediction 2019 stated that the price of XRP will most likely fall by another 50% before rising higher against the USD. Now, the 100 million XRP token sell-off seems to have contributed to the negative XRP predictions. XRP Price Prediction – XRP Price Prediction 2019 – XRP News Today – XRP Whale And Ripple Sell 100 Million In XRP Ripple, the company behind the XRP token, controls more that 60% ..

London-Based Blockchain Startup Raises $3.9M with Equity Tokens on LSE’s Turquoise

A British blockchain startup secured 3 million pounds by selling tokenized shares on LSE’s equity trading platform Turquoise. United Kingdom-based blockchain startup 2030.io has raised $3.9 million through a platform owned by the London Stock Exchange (LSE), fintech news Finextra reported on April 15. Known as Twenty Thirty or 20|30, the startup has reportedly secured 3 million British pounds (GBP) by selling tokenized shares on LSE-owned equity trading platform Turquoise. In July 2018, 20|30 became one of 29 firms that were approved by the Financial Conduct Authority (FCA) to start testing within its fourth cohort of a regulatory sandbox. With FCA approval, 20|30 became authorized to issue equity tokens on the Ethereum (ETH) blockchain, with the firm announcing that LSE’s Turquoise will be the first platform to pilot the sales of its tokenized shares. According to the recent report, the trial has been carried out successfully, using “real cash money.” Tomer Sofinzon, Twenty Thirty..

Cryptocurrency Exchange ‘IEO’ Draws Suspicion for Plans to Sell Tokens Ahead...

Bgogo intends to offer what are essentially IOUs on tokens from Algorand, a project only slated to launch in June. Digital currency and transaction platform Algorand has refused to endorse an attempt by cryptocurrency exchange Bgogo to sell its unreleased tokens, executives confirmed on social media on April 8. Algorand, which intends to launch its product in June along with its native ERC-20 token, issued a formal warning about the plans, which Bgogo has since confirmed are genuine in a blog post. Known as an “initial exchange offering” (IEO), the Algorand event notionally allows Bgogo traders to purchase exposure to the platform’s token, despite the fact that it does not yet exist. Bgogo will set an arbitrary price for the tokens, essentially trading an IOU ahead of the official release. According to Algorand, however, the exchange has not entered into any form of official agreement with the company, and its efforts are not condoned. “To be clear: The (Algorand) Network has not yet ..

Coinbase Pro Adds Support for Three New Tokens: EOS, Augur and...

Coinbase’s professional service Coinbase Pro has announced support for EOS Augur, and Maker. Coinbase Pro, the professional offering of major American crypto exchange and wallet service Coinbase, has added support for EOS (EOS), Augur (REP) and Maker (MKR). The development was announced in a blog post on April 8. The post states that the platform now accepts inbound transfers of EOS, REP and MKR, and will be accepting deposits for at least 12 hours before enabling trading. Trading on order books will be available once sufficient liquidity is established. In the post, the company notes that Coinbase Pro will add support for EOS and REP in all jurisdictions, except New York state, while MKR will be available in all supported jurisdictions outside the United States. The EOS network supports the development of decentralized apps and is seen by many as a challenger to the Ethereum network. According to recent reports, the token has been gaining ground as more developers switch to EOS. REP ..

AltDex Launches Cryptocurrency Index of Gaming-Related Tokens

AltDex has launched a benchmark index designed to track tokens of blockchain-based projects related to video games. Cryptocurrency indices provider AltDex has launched a cryptocurrency index of gaming-related tokens. The company announced the development in a blog post on April 4. AltDex has developed a benchmark index for the blockchain gaming category  dubbed AltDex Gaming Index. The index is designed to track cryptocurrencies and tokens of blockchain-based projects related to video games, esports, and other analogous decentralized applications. Per the post, AltDex’ index is applied in respect of 13 coins, including Theta Token (THETA), Enjin Coin (ENJ) , WAX (WAX), Decentraland (MANA) , Kin (KIN) , Loom Network (LOOM), MobileGO (MGO), DMarket (DMT), Refereum (RFR), GameCredits (GAME) , Unikoin Gold (UKG), Plair (PLA) , and BitGuild (PLAT) . In March, Ethereum-based digital asset tokenization startup Enjin revealed it will launch a Software Development Kit (SDK) for game developmen..

US SEC Releases No-Action Letter Confirming TurnKey Jet ICO Tokens Are...

The U.S. SEC has issued a no-action letter to TurnKey Jet, confirming that the TKJ tokens issued during the startup’s ICO are not securities. On April 3, the United States Securities and Exchange Commission (SEC) has issued a no-action letter to TurnKey Jet, confirming that the TKJ tokens issued during the startup’s initial coin offering (ICO) are not securities. In the letter, the regulator specifies that it considered that the platform will be fully developed and operational at the time the tokens are sold, and the funds won’t be used to develop the platform. It also mentions that the tokens will be immediately usable and have been marketed for their utility, not potential profits. Other reasons cited are that the price of the tokens during the sale will be fixed at one dollar, each token will be granting one dollar worth of service and that the company will only purchase them at a discount unless a court orders it to liquidate them. The SEC also notes that since TKJ transfers will ..

Pet Stablecoins: Why Some Banks Issue Their Own Digital Tokens, While...

A number of banks revealed plans to issue their own tokens, following JPMorgan Chase’s move. This week, a number of banks shed light on their respective crypto-related projects, following the recent expansion of JPMorgan Chase into the field. IBM was the big mover. A joint announcement by IBM and Stellar (XMR) said that as many as six global banks might issue their own stablecoins on IBM’s blockchain-powered payments network, dubbed “Blockchain World Wire” (BWW). The question now is whether this marks a turning point for cryptocurrency’s use, or if it merely continues the experiments that have marked the early stages of digital money. While quite a few financial institutions seem ready to go blockchain and create tokens in a bid to streamline cross-border payments, some still choose to set the technology aside. Citigroup, the corporation behind one of the world’s top-20 banks by asset value, revealed earlier this week that it was abandoning its “Citicoin” project to focus on more c..

New Dether App Feature Allows Individuals to Buy and Sell ERC20...

With a new feature from peer-to-peer cash-to-crypto app Dether, individuals can buy DAI, BNB, MKR, REP, and a variety of other ERC20 tokens with cash, or sell ERC20 tokens without holding any token liquidity in their Dether wallet.GIBRALTAR, Gibraltar—March 19, 2019- Dether, a decentralized OTC network of crypto buyers and sellers, has launched a new app feature that allows individuals to buy and sell ERC20 tokens for cash, without needing to hold liquidity of that token. The Dether protocol handles the swap using Kyber Network’s on-chain liquidity. Starting today, Dether users can experience this new feature, designed to create a bridge between cash and ERC20 tokens—especially stablecoins like DAI—on iOS and Android. Buying ERC20 tokens with 32 available fiat currencies The “Sell Tokens” solution aims to help individuals not previously owning crypto to directly access stablecoins like DAI and TUSD with cash, especially in regions like Venezuela, where those in financial difficulty ma..

Bancor Launches Wallet for On-Chain Conversions Between ETH and EOS Tokens

Decentralized liquidity network Bancor introduced its non-custodial wallet for on-chain conversions between Ethereum and Eos tokens. Decentralized liquidity network Bancor has launched a wallet for on-chain conversions between Ethereum (ETH) and Eos (EOS) tokens, according to a press release shared with Cointelegraph on March 12. The new product, Bancor Wallet, is a non-custodial crypto wallet that is designed to enable on-chain crypto conversions between Ethereum and Eos-based tokens “in a single action,” the press release reports. The new wallet is based on Bancor’s recently launched cross-chain protocol BancorX, which allows users to convert between Ethereum and EOS-based tokens without exchanges. Nate Hindman, Bancor's director of communications, told Cointelegraph in a statement that the release of Bancor’s unified wallet is expected to pave the way for the integration of other blockchains, giving Bitcoin (BTC) and Tron (TRON) as examples. While Hindman did not reveal detail..

Rhode Island Bill Would Exclude Some Tokens From Securities Laws

A bill introduced in the Rhode Island State Assembly would allow some “blockchain tokens” to avoid state securities laws. A bill in the state legislature of the United States state of Rhode Island would exclude “blockchain tokens” from state securities laws. The bill was introduced in the legislature on Feb. 27. The bipartisan bill H5595 proposes a series of amendments to the Rhode Island Securities Act, under which “a developer or seller of an open blockchain token shall not be deemed the issuer of a security,” should certain conditions be met. The token must be used for a “consumptive purpose” that is exclusively exchangeable for “the receipt of, goods, services or content, including rights of access to goods, services or content.” Tokens cannot be marketed as an investment, and if they are not usable for a “consumptive purpose” when sold, buyers must be prevented from reselling them. H5595 also excludes entities that facilitate the exchange of a token from broker-dealer status shou..
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