The majority of 2019’s biggest initial exchange offerings (IEO), an alternative crowdfunding solution for crypto start-ups raising money, resulted in a negative return on investment, according to a report by bigX and SMC Capital.
Latin American investment bank Banco BTG Pactual, together with Dubai-based asset manager Dalma Capital, are to utilise the Tezos blockchain for security token offerings (STOs), including the ongoing REITBZ STO.
Phunware has partnered with Wave Financial Group for the anticipated initial exchange offerings (IEOs) and subsequent exchange listings of its Phun utility token.
IronX has launched a new beta version of the IronX Exchange cryptocurrency exchange platform which aims to allow private and institutional investors to exchange traditional fiat, cryptocurrencies, forex, commodities, equities, and other tradable assets.
Institutional crypto trading platform Caspian’s token sale closed ahead of schedule due to funding targets being met. The company reached its hard cap of USD19.5 million through a private and public token sale.
“I would say every day I get two or three inquiries on some crypto or blockchain-related project. There is a lot of interest in all things crypto here in the BVI,” observes Michael Killourhy, Partner at Ogier (BVI).
By Phillip Graham, Partner, Harneys – The BVI is reportedly the second biggest cryptocurrency market in the world, according to statistics published by CoinShares, which used data collected from the 15 biggest cryptocurrency exchanges and concluded that the BVI had a trading volume in crypto assets valued at USD78.5 billion, in the first six months of 2018. This puts it just USD5.3 billion behind the USA. We also noted in a recent PwC report that two of the three largest Initial Coin Offerings (ICOs) have also been domiciled in the BVI.
When Hurricane Irma, a Category 5 storm, struck the BVI on Wednesday, 6th September 2017, it had a devastating impact, wiping out critical infrastructure and denying inhabitants any electricity supplies for six months. It was a moment of collective grief, but the BVI’s resilience and collective spirit shone through. In short, its response was as strong and as focused as the storm that bore down that day.
The US’s Securities and Exchange Commission (SEC) has suspended the trading of Bitcoin Tracker One (CXBTF) and Ether Tracker One (CETHF) issued by XBT Provider AB in Sweden, citing a lack of current, consistent and accurate information which has resulted in confusion amongst market participants regarding these financial instruments.
Baanx.com, an emerging Cryptobank network focused on offering fiat and crypto mobile banking services for the blockchain era, has agreed a USD2 million investment deal with LDJ Cayman Fund as part of its current Token Pre-Sale for qualified, accredited institutions and individuals.