This $575 Million ICO With Royal Backing Is So Crazy, It Might Be Real

Crypto loves Lamborghinis. So much so it seems that a startup looking to release movies – early offerings include a biopic about the founder of the car company and his feud with the founder of Ferrari – has raised a whopping $575 million off its private sale of TTU crypto tokens from investors including BlockTower Capital and even a prince. With that, the startup, called TaTaTu, has raised the third largest round ever using the initial coin offering (ICO) model – surpassed only by EOS and Telegram, according to data from CoinDesk’s…

EOS Locked 7 Accounts and It Has Implications for Everyone in Crypto

In an effort to stop several thefts, seven accounts of the EOS blockchain were frozen on June 16. At face value, many will see this move by the 21 block producers (BPs) in charge of validating transactions on the newly live blockchain as a success in stopping malicious actors from bilking several users out of more than $20,000 in EOS. But others are concerned that such a centralized decision will have far-reaching implications in the future – and not just for EOS, but many other blockchains as well. But first,…

BitTorrent Has ‘No Plans to Change’ After $120 Million Tron Acquisition

Peer-to-peer file sharing service BitTorrent seemingly pushed back against claims that it would begin using cryptocurrencies after being acquired by the Tron Foundation. In a statement posted to its website Tuesday, BitTorrent wrote that the company has “no plans to change” its business model and will not charge fees for any of its services. Further, the company stated that it has “no plans to enable mining of cryptocurrency now or in the future.” The company was recently acquired by the Tron Foundation’s Justin Sun, according to a report from Variety.…

Origin Token to Raise $6 Million in CoinList Investor ICO

Decentralized marketplace startup Origin Protocol is looking to expand its audience, as well as raise more capital, through a compliant token sale. Announced Monday in a press release, Origin has set a target of $6.6 million for the offering, with SEC-registered CoinList Capital acting as its investment adviser and issuing platform. Origin co-founder Josh Fraser said that, more important than the money, will be the opportunity to grow its network with endorsement from CoinList, an AngelList spin-off. The startup wants “as many people to participate as possible,” he told CoinDesk.…

A16z Leads Investors in $20 Million ICO for Tokenized Assets Platform

Asset tokenization platform TrustToken just raised $20 million in a strategic token sale with the help of major venture corporations, including Andreessen Horowitz (a16z). The startup announced Monday that the cash raised in the funding effort, which was also backed by BlockTower Capital and Danhua Capital, will be used to continue developing its platform, which seeks to list different tokens back by physical assets, according to a press release. TrustToken has so far released one such token already – a “stablecoin” called TrueUSD, according to the release. In a statement, TrustToken…

Quantstamp Defends QSP, Argues US Dollars, Ether Accepted Out of ‘Necessity’

A week after Quantstamp community members began accusing the smart contracts auditing startup of undermining the value of its $65 million token, the company responded with a statement on Thursday. As previously reported by CoinDesk, for at least the past week, Quantstamp token holders have been alleging that the company misled them by accepting U.S. dollars and ether, rather than its token, QSP, as payment for its auditing services. According to the company’s published materials, customers are meant to trade QSP to pay for, receive and improve verification services within…

The EOS Blockchain Is Now Live

The EOS blockchain is now live. What was perhaps one of the most hotly anticipated blockchain launches, after the company that developed its software, Block.one raised more than $4 billion during an almost year-long initial coin offering (ICO), is finally live as of 18:46 UTC on June 14. At press time, the blockchain has received more than the 150 million votes needed to go live. This happened after a roughly a week of deliberation and testing by block producer candidates – those groups vying for one of 21 validator node…

Steve Bannon May be Eyeing a Move into the ICO Space

Not content with disrupting U.S. politics, Steve Bannon now wants to disrupt the financial system with a move into the crypto space, according to a new interview. In a Bloomberg article published Thursday, Bannon – who was previously chief strategist for President Donald Trump and executive chairman of Breitbart News – told the news source that he has had meetings with investors and hedge funds about initial coin offerings (ICOs) in relation to his investment firm Bannon & Company. However, he wouldn’t discuss details of any plans over fears his controversial reputation could mar future…

Thailand’s SEC Expects to Approve 5 ICOs This Month

Thailand’s securities regulator is reportedly expecting to approve five initial coin offerings (ICOs) later this month. According to the Bangkok Post on Wednesday, the Thailand Securities and Exchange Commission (SEC) has said that, while 50 ICOs in the country are currently applying for regulatory approval, five of them are already in a position to move ahead. However, the token sales will have to wait until later in June, when a royal decree on cryptocurrency, announced last month, formally comes into law. While it remains unclear why these ICO projects are likely to…

Surprise KYC: Investors in Tezos’ Troubled ICO Might Finally Be Fed Up

Tezos, the blockchain project that sought to fix crypto’s broken governance models, is at the center of talk about how to handle decentralized politics – just not in the way its founders had hoped. On Sunday, the Tezos Foundation announced that it would be carrying out know-your-customer and anti-money laundering (KYC/AML) checks on investors who bought into its July 2017 initial coin offering (ICO). At that time, investors, who the foundation calls “contributors,” were not asked to provide any personally identifiable information when they bought $232 million worth of its crypto…