Polymath POLY

$0.0909
Market Cap $ 31.607 MM (#109)
24h Volume $ 2.308 MM
Chg. 24h: 0.59%
Algo. score 4.2/5  (#19)
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Polymath News

Gas Saving Tips for Solidity from Polymath developer @Mudit_...

Gas Saving Tips for Solidity from Polymath developer @Mudit__Gupta https://t.co/P29jDCj0X4

a day ago

Polymath developer @Mudit__Gupta's post on tips and tricks t...

Polymath developer @Mudit__Gupta's post on tips and tricks to save gas and reduce bytecode size is among the most c… https://t.co/LeYEilV82y

2 days ago

Polymath Developer @Mudit__Gupta featured 3 weeks in a row o...

Polymath Developer @Mudit__Gupta featured 3 weeks in a row on Week in Ethereum https://t.co/t8ZM6wFqvA

2 days ago

Polymath Co-Founder Chris Housser on the Technical Structuri...

Polymath Co-Founder Chris Housser on the Technical Structuring of Security Tokens Panel at BTCMiami alongside Open… https://t.co/j7NutrDx4E

9 days ago

The inaugural Polymath Barbados Meetup led by our Director o...

The inaugural Polymath Barbados Meetup led by our Director of Technology, Adam Dossa (@AdamAID) Who wants to build… https://t.co/Dy5znoEfJV

11 days ago

Crypto Database Messari Adds RCN and Other Tokens in Pursuit of Transparent Market

RCN, which is a credit network for cosigned smart contracts, announced that its token has been added to the Messari database. As a result, users can “now access the token’s verified data and statistics,” according to RCN. RCN thanked Messari’s Ryan Selkis and Ben O’Neill for their support. In addition to the RCN token, Messari announced it has also added Gnosis, LTO Network, Maker, Polymath, Storecoin, Streamr, and Waves Platform to its database. Messari's mission is to deliver transparency to crypto. (GT)

15 days ago

Waves Digital Asset Update Report: Feb 2019 DARE by Crypto Briefing

Waves Digital Asset Report: February 2019 Update In the past two months Waves has had a number of significant events and has rebounded in price despite a lingering bear market. While the technological development continues to be the strong side of the network, there are now several indicators suggesting that previously weak marketing will have a turnaround. Waves appears to be making a strong push into the gaming industry. Back in the ICO days it was ahead of its rivals when it came to instant-launch features, and it could again be ahead now with its gaming efforts. Still, Waves continues to struggle with the articulation of its long-term vision, and it remains to be seen if the network is able to create any real engagement beyond its core group of faithful users and developers. This report is an Update Report - our continuing examination of Waves’ performance and risk/reward factors. The analysis, verdict and accompanying grade reflect our opinion on the long-term value prospects of a given token based on the current state of project development and indicators of future commercial viability - they are not designed to be indicative of short-term trading opportunities. You can see a full explanation of how our reports are constructed and what they mean at the bottom of this page. Part One: The Business Case Waves Market Opportunities With the ICO star waning, the STO mechanisms have come to the forefront. In the Initiation Report we mentioned the STO opportunity, but since then Waves has made significant progress in that direction. With the signing of the cooperation agreement with BetterTokens, the beta launch of the Tokenomica’s platform in Malta, and the release of Smart Assets on the Mainnet, Waves gets a few steps closer to operating one of the first licensed security token exchanges. This will pit Waves against the likes of Polymath but given that the segment is still very young and undefined, Waves is still in a great position to capitalize on the trend. However, in the near term, this will be a much smaller market, than its ICO predecessor. Furthermore, unlike ICOs where the name of the game was retail, STOs are about accredited investors. Waves will need to develop partnerships and brand awareness in order to attract good projects. During the ICO days, the network got away with quantity, but STOs will be much more about quality. It remains to be seen if the marketing and business development personnel will be up to the challenge. The DEX opportunities will face additional pressure from competition. With more and more blockchain projects like Tron, seeing DEXs launch, to much fanfare, Waves will have a harder time attracting traders and maintaining liquid markets. Furthermore, with Binance expected to launch its own DEX, the competitive landscape will become even more challenging. Waves was one of the earliest proponents of the DEX paradigm, but it has been unable to become the dominant exchange even on a regional level and will be fighting an uphill battle for market share going forward. However, Waves is opening up an exciting market when it comes to games. The gaming industry is a substantial opportunity both in terms of size and adoption barrier. The gaming industry and the nearby gambling sector have real need-based used cases for the implementation of DLT, smart contracts and NFTs. Since the Initiation Report, Waves has gone beyond declaring intentions towards development and aiding teams in the ecosystem. The Xmas Tree game, launched by Tradisys during the holiday season was a nice appetizer for the things to come in 2019, and the same team also recently launched the game Fhloston Paradies. There should be a few more games releases in Q1-Q2 of 2019, but the big game changer could be the Items Store currently in development. While projects like DMarket, create a market for originally centralized in-game items, and as such are dependent on goodwill from platforms like Steam, Waves intends to build a store for blockchain-based games. While this may not be interesting (and could even be threatening) to big publishers and existing platform plays, this is great news for indie publishers and players. Waves’ intent to build out an items marketplace for its ecosystem could be a great catalyst as users will have an added incentive in the form of easy monetization to play the games. This will also give developers added motivation to build on the network or at least make the games compatible with Waves blockchain and token standards. The strategy is noticeably different from that of the big three of Ethereum, EOS and Tron. While the triumvirate clearly leads the gaming dApps space when it comes to sheer numbers, they seem to lack a coherent strategy, and the blockchain industry is still too young, with no player having enough adoption to confidently wear the crown. Waves’ focus on the in-games items market should allow it to carve out a significant niche for itself and then expand outward

21 days ago

Largest Crypto Hedge Fund Raises $175 Million from VC Funding - Reports

Polychain capital, a leading firm that manages the world’s premier blockchain asset hedge fund has recently raised $175 million for a Venture capital fund. However, the fund has to be locked in for seven years period, according to a Bloomberg report on Jan 30, 2019. Turning Heads for Exist For many of us, Polychain Capital is the largest crypto hedge fund but they too feel the heat of the bear market. Last year, the firm has reached over $1billion in assets such as cryptocurrency, tokens, equity held in various companies and along with investor’s unspent pledged cash. With the count of $1million in assets, Polychain became the first crypto linked fund before the 2018 market crash. However, this fund of $175 million will have the locked-up period. Olaf Carlson-Wee, Chief Executive Officer of Polychain capital says that this funding is expected to catch equities in crypto projects. Kyle Samani, managing partner at Multicoin Capital Management speaks in regards to hedge funds move towards venture funds. Semani states; “Funds have silently transformed from hedge funds into venture funds as their liquid portfolios shrank in value, making a very high percentage of AUM illiquid,” Crypto Bear Market isn’t End Bitcoin which spiked to almost $20000 in 2017 has lost its major value and in fact, couldn’t recover to its half the value yet. Certainly, there was a number of crypto projects closed their business operation. Similarly, the data from Eurekahedge Cryptocurrency Hedge Fund Index indicates the year 2018 counts 42 crypto funds to wrap their crypto funds up. Indeed, it also indicates that, out of 740 funds, 70 percent of funds have undergone a huge loss in 2018. Following the worse conditions, many investors are turning their ways from so-called ICO token which was once seen as the potential way of earning profits. Meantime, history marks a number of scam ICO projects which alarms for severe regulators. Since then the ICO concept is under pressure globally. Poly chain CEO said that “This asset class has always been incredibly volatile. It’s grown in bits and starts, with very rapid increases and then bear markets... When I launched Polychain Capital I was prepared for this,” The post Largest Crypto Hedge Fund Raises $175 Million from VC Funding - Reports appeared first on Coingape.

21 days ago

KuCoin Delists 7 Altcoins Including Polymath (POLY) and Substratum (SUB)

The Singapore-based crypto exchange KuCoin have announced that they will be delisting 7 different altcoins. Polymath (POLY) and Substratum (SUB) are the most notable projects to be taken off the exchange.

23 days ago

KuCoin Delists 7 Altcoins

KuCoin has announced that it delisted 7 altcoins from its trading platform. The Singapore-based cryptocurrency exchange explained that Arcblock, Aeron, Data, IHT Real Estate Protocol, Polymath, Quantstamp and Substratum were disqualified based on their inability to meet the exchange’s requirements. All trading pairs related to the delisted coins will be closed at 18:00 (UTC+8) on Feb 3, 2019, and withdrawals will be accessible until May 3, 2019. KuCoin also added Grin with BTC, ETH and USDT trading pairs. (RS)

23 days ago

Blockchain Identity Startup Glyph Announces Partnership With 3 Crypto Firms

Decentralized blockchain-based identity startup has announced its partnership with three crypto startups: Polymath, Swarm and Dealbox. It will make ID verification more convenient for accredited investors since all three sites are for managing digital securities. Launched in 2017, Glyph claims it will be adding six additional partners soon. However, the blockchain identity space is getting crowded with companies such as Civic, Sovrin, and uPort. Glyph will verify accreditation status every 90 days and report it to the exchanges. (VS)

23 days ago

TokenSoft Unveils Crypto Custody Service for Security Tokens

TokenSoft has launched a beta version of a new cold-storage custodial service for security tokens. The beta version of the wallet, called Knox, is currently available to all TokenSoft clients and it permits enterprises to maintain a multi-signature, self-custody system for various cryptocurrencies and digital securities. TokenSoft co-founder Mason Borda said that Knox “provides the highest level of security when it comes to storing digital securities.” Borda also explained that digital securities are less decentralized than cryptocurrencies and have built-in restrictions for traders. Digital securities can also represent debt, real estate or even equity. Knox wallet can support any ERC-20, ERC-1404, DS-20 (Securitize), ST-20 (Polymath) or Harbor’s R token. (RS)

24 days ago

@polyb1123 @raiden_network @AragonProject @pillarwallet Hey ...

@polyb1123 @raiden_network @AragonProject @pillarwallet Hey poly, Bancor is temporarily disabling conversions of ce… https://t.co/nrCdQvG07A

25 days ago

@50daymovingave @coindesk @BradyDale You can view the POLY T...

@50daymovingave @coindesk @BradyDale You can view the POLY Transactions here: https://t.co/2BbrTqEchP Click the Re… https://t.co/oMTJCi8wPr

a month ago

Security Token Startup Polymath Locks up 75 Million Tokens

Security Token startup Polymath has announced that it will lock up 75 million ($9 million) worth of POLY tokens for 5 years. This amount represents approximately 7.5 percent of the total coin supply and a quarter of the current circulating supply. Polymath cofounder Chris Housser said that “a lot of projects have shut down or done major layoffs lately due to a lack of funds” and Housser said the demonstration shows that Polymath’s treasury is “healthy” and that there is “no need for these tokens at this time.” Housser explained that Polymath had the foresight to diversify a lot of its Ethereum and Bitcoin holdings and 57 percent of the reserved tokens will come from Polymath’s own tokens and the remaining 18 percent will be sourced from tokens reserved for the founders. Housser says the lack of staff layoffs and token lock up are meant to demonstrate that “We as a company and founders are committed to the project long-term.” (RS)

a month ago

Security Token Startup Polymath Locks up 75 Million Tokens

Polymath, a platform for launching security tokens, is flexing its treasury-management muscles by locking up 75 million of its own POLY tokens.

a month ago

Polymath is growing, but we need your help! If you are a Tec...

Polymath is growing, but we need your help! If you are a Technical Recruiter in Toronto and interested in bringing… https://t.co/FlsXHE2mTV

a month ago

Polymath included in a Harvard Business School case study al...

Polymath included in a Harvard Business School case study alongside @airswap, @fluidityio @propellr_… https://t.co/t28KnOuRmM

a month ago

Polymath is looking for a Director of Sales for APAC, based ...

Polymath is looking for a Director of Sales for APAC, based out of Hong Kong or Singapore. Apply today, or forward… https://t.co/cV2XsQWF0y

a month ago

"We are creating a financial world with increased liquidity,...

"We are creating a financial world with increased liquidity, efficiency, and transparency." Polymath Interview wit… https://t.co/HqTIkIh1xm

a month ago

Bitmex Report: ICOs Allocated $24.2 Billion in Tokens to Themselves

The team at Bitmex Research has collaborated with TokenAnalyst to take a thorough look at the treasure balances of several individual ICOs on the Ethereum network. The two teams released a report that showed that ICO teams allocated $24.2 Billion worth of tokens to themselves. $80 Billion in Peak Value The Bitmex and TokenAnalyst report goes on to state that this figure has fallen to $5 Billion due to current market conditions. There is also an additional $1.5 Billion of token transfers that has happened away from the ETH addresses of these teams. The report speculates that these tokens were ‘disposed’ of. Also noted by the report is that these tokens would have a $80 Billion valuation using the peak value of each digital asset. $5 Billion From Nothing According to the report, the $5 Billion current valuation of tokens being owned by teams of these ICOs, can be considered as being got from nothing. Based on current illiquid spot prices, the ICO teams still appear to own around US$5 billion of their own tokens, money they essentially got from nothing, depending on ones view. At the same time the teams may have realized gains of US$1.5 billion by selling tokens, based on coins leaving team address clusters. Although this figure may also be an overestimate, as coins could have left the team address cluster for a variety of reasons. Notable ICOs Mentioned in the Report The report went on to highlight the token allocation for the teams of several ICOs. They include Veritaseum (VERI), SingularityNet (AGI), Polymath (POLY), Kin (KIN), Dent (DENT), Gnosis (GNO), Maker (MKR), Telcoin (TEL), IoT Chain (ITC) and QASH. What are your thoughts on the research by Bitmex indicating that ICOs allocated $24 Billion worth of tokens to themselves? Please let us know in the comment section below. [Image courtesy of Shutterstock] Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post Bitmex Report: ICOs Allocated $24.2 Billion in Tokens to Themselves appeared first on Ethereum World News.

a month ago

Buying a piece of the Mona Lisa: Are STOs the new ICO?

Consider this: only one-third of the world’s wealth is held in cash. The rest is held in securities (stocks, COD’s etc.) and real estate. You can’t always simply sell those securities - you may own your house but you can’t simply get $400,000 for it in cash tomorrow. A lot of wealth is locked up. Things could get really, really interesting especially when it comes to ownership of physical assets like art. Right now there are millions (billions, maybe) of dollars worth of art sitting in museums around the world. The museum owns the art, or some rich benefactor is allowing the museum to exhibit the painting. All that capital is just locked up on their walls. Here’s an idea: if you’re the museum, you could just keep the right to exhibit the work of art all the time, and sell off the right to the capital appreciation of the piece in the form of User Issued Assets (UIA’s). So, you’re disaggregating the 1) rights to exhibit and 2) the appreciation. The museum could keep the right to exhibit it 90 percent of the time, and then assign exhibition rights for 10 percent of the time to the top two shareholders of the UIA. A physical asset in the real world gets a token in the digital world. Large buyers would come in and buy these tokens, in hopes that the tokens would appreciate over time. Perhaps these tokens could be listed on an exchange (or maybe only open to private investors), creating liquidity in the market. Tokenization makes it possible for anyone to own a piece of artwork. Fracturization allows tokens to be divided into even very small units and sold to individual investors. In other words, you could go see the Mona Lisa and own part of it, too. A new security token on the block The security token offering (STO) is already turfing the ICO, but this new coin is following the rules. By 2019, ICOs may read like a cautionary tale something like this: During the early blockchain boom, the majority of ICOs were raising billions of dollars and issuing tokens to investors that could be immediately traded or cashed out after the ICO finished. It was pretty obvious that most of those investors, if not all of them, were buying tokens not just because they thought the project was interesting, but because they expected to profit. According to the Securities and Exchange Commission (SEC), that means the tokens are securities. The SEC usually uses the “Howey Test” to determine whether an investment is a security or not. Unfortunately, while most of these ICOs met the Howey Test criteria, they did not go through any sort of approval process before their ICOs and were thus technically operating illegally. The SEC cracked the hammer down hard, and rightfully so. The laws we created for securities have been around for decades, but the problem is that they were created during a time before the internet. Blockchain complicates this, which is perhaps why how the regulations affect issuing tokens is not 100% clear, or can be contradictory. For example, ether is not considered a security, but many projects are ERC tokens, meaning they’re built on top of Ethereum. Owing to these regulatory compliance conundrums, the tale of the ICO could be a short one, but the story of the blockchain digital ledger is destined to endure like the double entry ledger system of the Medici dynasty. But future blockchain projects will be financed by the regulatory compliant security token offering. The good news is that generally speaking governments are being cooperative; they understand that blockchain is a new space and don’t want to create complicated rules that could crush innovation, but also want to protect consumers. The solution? The initial coin offering is transforming into the legally compliant STO. Plenty of players are emerging who are making it easier to issue your token within the current legal framework. Three Players in the Tokenized Security Space Platforms: These help you issue your STO, raise money and issue your money. Examples include Coinlist, Polymath and Trusttoken. Protocols: Focus on post-issuance governance. They manage who can hold a token and reject transactions. Examples include Augur and Enigma. Advisory services: These companies help founders with the top two. Examples include CrowdfundX. Evolution or Revolution? You can argue that tokenized securities are simply an evolution of the current financial system. After all, these are simply digital representations of what we’re already doing physically. At least at the start, most of these assets are going to match up to instruments that we’re familiar with. For example, we have “debt tokens” that represent a borrowed transaction with another party. Instead of signing a piece of paper with the bank or another individual, this would be recorded on the blockchain; the record is immutable. The risk of default could be calculated. That information and data can then be used to create an accurate profile of your financial history. Once all of my assets are on

a month ago

Bitrue Crypto Exchange Adds XRP Pairs for EOS, VeChain, Polymath, and NEM

Singapore-headquartered crypto exchange Bitrue has announced that it would be adding XRP pairs for Polymath, VeChain, NEM, and EOS by the end of January. Bitrue added XRP as its base currency since its launch on July 19, 2018. The addition of these four XRP pairs will bring the total pairs supported on the exchange to thirty. Since the start of 2019, Bitrue has supported twenty-six XRP trading pairs including BCH/XRP, TRX/XRP, NEO/XRP, XRP/OMG, XRP/BTC, and LTC/XRP among others. (KE)

a month ago

What is Token IQ - an Interview With Ben Wilkening

NullTX had a chance to talk to Ben Wilkening, director of strategic relationship at Token IQ and discuss some of the aspects of the platform. Due to the unregulated nature of ICOs, many investors are wary to put their money in these offerings. A new trend has emerged called Security Token Offerings (STOs), which are essentially regulated ICOs. There are a few platforms working to allow the issuance of STOs, Token IQ being one of them. What is Token IQ? Token IQ is an STO platform where you can tokenize assets and back them as securities. You can represent these assets digitally either as a token or as a digitized share. Token IQ can accomplish this by being able to make a platform which can tokenize these equities for issuers with complete SEC guidelines and legal controls attached. By using the Token IQ technology it’s possible to make the token operate exactly as the SEC might require them to. Are there any regulations on tokens right now from the SEC? A lot of people are waiting until the SEC provides guidance, but it is a bit of a misalignment with what the SEC does - which is enforce the laws. The securities laws were created 80 years ago, after the great depression (1933-1934). The SEC keeps pointing to the fact that the laws already exist. They are not the ones to bring new guidelines as the laws are already in place. So Token IQ is using the same laws used for traditional securities and implementing them to STOs? Correct. Token IQ uses existing laws as the guiding principle in order to make something that is compliant with the SEC. Token IQ investigated ERC20 and smart contracts, however, these standards have a few failure points: recover ability of passwords, no auditing control, no mediation, etc. Why did Token IQ decide to use the Stellar network rather than then Ethereum network? Stellar was almost a pre-fabricated solution for what Token IQ wanted to build. It had all the components and pieces required to make securities vehicles operate as they need to. Stellar also provides a way to scale the platform in case new regulation goes into play. It’s easy to write new code and be compliant within the day. Stellar allows an easy way to implement recoverability and 1:1 representation of tokens to dollars. Furthermore, the true features that allow Token IQ to reach SEC compliance exist within the Stellar network. Has Token IQ launched any STOs? Yes, the platform has launched multiple STOs. Recently Token IQ announced 6 more customers targeting $440M in total proceeds. Let’s say there is an existing ERC20 token that wants to become an STO through Token IQ, is that possible? The answer depends, it’s half and half. It depends on the design that the token is trying to accomplish. Token IQ can bridge the technologies together and it’s possible to tie smart contracts to the Stellar platform. It also depends on the goal of the swapability of the token, what value they represent and what they are built for. It is possible to have a secondary token which is an STO, which doesn’t necessarily need anything to do with the existing token, in other words creating a hybridized solution. You can read more about this in an article written by Aleksander Dyo - TokenIQ president - explaining this concept. What is the difference between Polymath and TokenIQ? Other than the difference in underlying technologies with Polymath using Ethereum rather than Stellar, TokenIQ doesn’t mind handing control to the authorities that should have it anyway. Token IQ stands by not having any problem designing technology that leaves the failure point to the justice system. Ben Wilkening said: “we must trust the justice system regardless” On the other hand, Polymath is fighting for total decentralization. Because of the above difference, Token IQ has a fully built out solution and can actually claim total SEC compliance. For more information check out the TokenIQ website: https://tokeniq.io/ The post What is Token IQ - an Interview With Ben Wilkening appeared first on NullTX.

a month ago

What is Token IQ

NullTX had a chance to talk to Ben Wilkening, director of strategic relationship at Token IQ and discuss some of the aspects of the platform. Due to the unregulated nature of ICOs, many investors are wary to put their money in these offerings. A new trend has emerged called Security Token Offerings (STOs), which are essentially regulated ICOs. There are a few platforms working to allow the issuance of STOs, Token IQ being one of them. What is Token IQ? Token IQ is an STO platform where you can tokenize assets and back them as securities. You can represent these assets digitally either as a token or as a digitized share. Token IQ can accomplish this by being able to make a platform which can tokenize these equities for issuers with complete SEC guidelines and legal controls attached. By using the Token IQ technology it’s possible to make the token operate exactly as the SEC might require them to. Are there any regulations on tokens right now from the SEC? A lot of people are waiting until the SEC provides guidance, but it is a bit of a misalignment with what the SEC does - which is enforce the laws. The securities laws were created 80 years ago, after the great depression (1933-1934). The SEC keeps pointing to the fact that the laws already exist. They are not the ones to bring new guidelines as the laws are already in place. So Token IQ is using the same laws used for traditional securities and implementing them to STOs? Correct. Token IQ uses existing laws as the guiding principle in order to make something that is compliant with the SEC. Token IQ investigated ERC20 and smart contracts, however, these standards have a few failure points: recover ability of passwords, no auditing control, no mediation, etc. Why did Token IQ decide to use the Stellar network rather than then Ethereum network? Stellar was almost a pre-fabricated solution for what Token IQ wanted to build. It had all the components and pieces required to make securities vehicles operate as they need to. Stellar also provides a way to scale the platform in case new regulation goes into play. It’s easy to write new code and be compliant within the day. Stellar allows an easy way to implement recoverability and 1:1 representation of tokens to dollars. Furthermore, the true features that allow Token IQ to reach SEC compliance exist within the Stellar network. Has Token IQ launched any STOs? Yes, the platform has launched multiple STOs. Recently Token IQ announced 6 more customers targeting $440M in total proceeds. Let’s say there is an existing ERC20 token that wants to become an STO through Token IQ, is that possible? The answer depends, it’s half and half. It depends on the design that the token is trying to accomplish. Token IQ can bridge the technologies together and it’s possible to tie smart contracts to the Stellar platform. It also depends on the goal of the swapability of the token, what value they represent and what they are built for. It is possible to have a secondary token which is an STO, which doesn’t necessarily need anything to do with the existing token, in other words creating a hybridized solution. You can read more about this in an article written by Aleksander Dyo - TokenIQ president - explaining this concept. What is the difference between Polymath and TokenIQ? Other than the difference in underlying technologies with Polymath using Ethereum rather than Stellar, TokenIQ doesn’t mind handing control to the authorities that should have it anyway. Token IQ stands by not having any problem designing technology that leaves the failure point to the justice system. Ben Wilkening said: “we must trust the justice system regardless” On the other hand, Polymath is fighting for total decentralization. Because of the above difference, Token IQ has a fully built out solution and can actually claim total SEC compliance. For more information check out the TokenIQ website: https://tokeniq.io/ The post What is Token IQ appeared first on NullTX.

a month ago

6 Crypto Projects That Had Damn Well Better Deliver in 2019

If there’s one thing the mainstream business media and their allies in banking managed to achieve in 2018, it was to throw shade on the entire blockchain industry. There’s no proven use-case. It’s a work-in-progress. It’s better-handled by IBM, Amazon, Facebook - the “grown-ups”. And the truth is, they have a point: even if it’s drowned out by their hyperbole. Our industry needs to deliver. And some projects can lead the way - or they can prove Bloomberg right. Ethereum has to show that it serves a purpose beyond crowdfunding. EOS has to prove that its billions serve to do more than make a few block producers rich. Unless dApps can proliferate (and actually gain users) we will face 2020 in the certain knowledge that the enterprise technology case is more powerful than the consumer case. And other projects, too, will help define whether cryptocurrency and blockchain thrive in 2019. Here’s a list - by no means exhaustive - of some of the projects with a lot to prove over the next year. Ethereum It’s do-or-die for Ethereum in 2019, with all eyes on the scalability of the network. The Ethereum community is cautiously optimistic about Constantinople, the upcoming hard fork which was mired in uncertainty for much of the last year. It’s also one that will (hopefully) begin the transition from proof-of-work to proof-of-stake consensus. The potential integration of Zcash’s zk-SNARKs would be icing on the cake, bolstering the network to 500 transactions per second without the need for Plasma. Meanwhile, competitors such as TRON and EOS are capitalizing on the uncertainty that has plagued the Ethereum network, bringing Ethereum Co-Founder Vitalik Buterin to defend the development team’s roadmap. His reputation in the Ethereum community is also at stake in 2019, after previously declaring that the project could survive without him. There’s not much room for error now that the Jan. 16 date for Constantinople is out there. This hard fork could be the catalyst for lifting ETH’s price out of the trenches and retaking the No. 2 spot among the biggest cryptocurrencies. It is also the development that could silence the critics who seized the opportunity to kick Ethereum when it was down. DFINITY On January 4th, 2017, Dominic Williams - Chief Scientist of DFINITY - announced that “Code is Law” and outlined his proposal for a “sister network” to Ethereum that would resolve in 3-5 seconds. In February, Williams noted on Medium that “Our task with Copper is simple: avoid feature creep, and release a client that greatly increases the speed and capacity of the virtual computer produced and plus a functioning Blockchain Nervous System. We want to do this as quickly as possible and in a few months not years.” DFINITY enjoyed almost mythic status throughout much of 2017 as the project continued to bring in exceptional talent, and began to describe itself as “The Internet Computer.” In 2018, over two funding rounds led by industry goliaths Andreesen Horowitz and Polychain, DFINITY raised $195M. In December of 2018, DFINITY announced in a Medium post that “A full test network, including our unique software framework, algorithmic governance, and other features, will then be available (again, with the level of access provided still undecided) in late Q2, with a production version of the network following.” DFINITY is a gold star project in the decentralized world. It’s a project that has been in process since 2014 - and there may be nothing sinister at all about the fact that it’s still not showing the public much at all. However, time-to-market is surely a factor, even for the best-funded operations. With DFINITY now projecting out to the end of summer before illustrating an MVP, questions will surely be asked about the progress of the project that aims to be the ‘NASA for decentralization’. They certainly got that right. Boldly going where they’re going is proving to be a five-year mission - at best. Polymath The Polymath team must be licking their lips at their prospects for 2019. After raising $59 million on the back of a highly-unusual promise at the time - to focus on KYC, AML, and securities compliance - Polymath has watched from the sidelines as the SEC has knocked its primary competitor out of the game completely. The ICO model may return in some refined form, but for 2019 the attention of the crypto industry is firmly on the Security Token Offering (STO) and the need to comply with regulations and enforcement strategies that are becoming gradually clearer. The rise of the STO has been identified by many as the crowdfunding platform of the future - and Polymath seems well-placed to adopt the mantle of King. So if Polymath and its ST-20 token standard want to experience the kind of growth that Ethereum and its ERC-20 tokens did, on the back of their funding model, they need to prove that there is demand for digitized securities that extends far beyond a few thousand start-ups. Polymath believes there are trillions of dollars i

2 months ago

2018 Bust. 2019 Boom. 2020 Hindsight For Crypto Deniers.

With 2018 in the rear-view mirror (finally), the crypto industry is embracing what’s to come in 2019. The blockchain community has a way of looking at the glass half full, focusing on the hodlers and buidlers instead of the infighting and the skeptics. There are reasons for this resilience, not the least of which involves the potential for a crypto-friendly regulatory framework and fresh capital making its way off the sidelines. With a new year and a new attitude, crypto has these catalysts to look forward to in the not-to-distant future... this is clever.... https://t.co/ioY54aUnu3 — Michael Novogratz (@novogratz) January 2, 2019 Bakkt Readies A “Bellwether Year” Despite delays, Bakkt is on its way to making its debut and is anticipating a “bellwether year,” having recently secured $182.5 million in funding. The seed round involved some of the biggest names in crypto and tech including Michael Novogratz’s Galaxy Digital in addition to the Intercontinental Exchange, Microsoft’s venture capital arm Pantera Capital and more. Bakkt, a regulated exchange for physically delivered bitcoin futures contracts, is optimistic that it will receive the “green light” from the CFTC and is “onboarding customers” in the interim. This launch has stirred wonder that is comparable to a kid opening a gift at Christmas. It could be the lever to open the floodgates of big money like pension funds and endowments, which will capture the attention of asset managers who compete for their business. Who knows, you might even see BTC in your 401(k) by year-end. Bitcoin ETF Decision Imminent The elusive bitcoin ETF: some in the community love it while others hate what it represents. Either way, it is entirely possible that the SEC approves the VanEck/SolidX bitcoin ETF next month. Traders may not be holding their collective breath, considering that regulators have capitalized on every available delaying tactic in the book. The final deadline for the VanEck approval is Feb. 27. The door has not been closed, and comments have been pouring into the SEC. And while it’s not a sure thing, 2019 could be the year the door opens. Ethereum 2.0 On The Horizon With ETH arguably now back in its rightful place as the biggest altcoin, all eyes are on the upcoming hard fork. Constantinople is scheduled to occur by mid-January, and it is a step toward bolstering the speed and capacity of the Ethereum network. While it may seem that a lot of focus is being placed on the mainnet hard fork, it has far-reaching implications from slashing the miner’s reward to placing the launch of Beacon Chain, which is the proof-of-stake testnet, within reach. Despite bitcoin’s dominance, ETH has the ability to set the mood in the crypto market too and any progress on the roadmap is often celebrated. Regulatory Clarity Regulation may still lag the market, but there is more certainty today than there was a year ago. Lawmakers have taken the baton from the SEC, with a new bill dubbed an “ICO Fix” now making its way through Congress. The bipartisan bill is designed to nurture blockchain innovation in the U.S. and provide a legal framework for digital tokens, removing companies behind functioning blockchain networks from the securities law umbrella. Security Token Offerings New laws take time. In the interim, security token offerings are poised to be the fundraising method of 2019 for blockchain startups. Projects like Polymath, a securities token platform, pick up where ICO platforms left off and could usher in a whole new era of fundraising. While STOs were not Plan A, they have a greater potential to deliver confidence to investors who were otherwise constrained by the risks tied to ICOs due to scams and stalled projects, catapulting crypto closer to mainstream adoption. Silence Is Golden The biggest catalyst for 2019, however, could be the silence among bitcoin price pundits, after predicting its price in 2018 proving to be a loser’s game. The author is invested in digital assets, including bitcoin which is mentioned in this article. Join the conversation on Telegram and Twitter! The post 2018 Bust. 2019 Boom. 2020 Hindsight For Crypto Deniers. appeared first on Crypto Briefing.

2 months ago

Polymath dev @Mudit__Gupta's post from Week in Ethereum was ...

Polymath dev @Mudit__Gupta's post from Week in Ethereum was among one of the most clicked links! Refactor your sol… https://t.co/8YzoPavmB5

2 months ago

Blog from Polymath Developer, Mudit Gupta, featured in Week ...

Blog from Polymath Developer, Mudit Gupta, featured in Week in Ethereum for December 28, 2018 - Refactor your Solid… https://t.co/SNg5JETrmY

2 months ago

Interview with Blockchain Entrepreneur, Aly Madhavji - "...a...

Interview with Blockchain Entrepreneur, Aly Madhavji - "...as an advisor for Polymath we continue to work heavily t… https://t.co/G9xYoWz1D3

2 months ago

Poloniex Lists 3 More Assets, Bringing the Total to 14 New Assets Added This Year

Poloniex - a top cryptocurrency exchanged - recently added support for three more assets to its platform. Specifically, the exchange listed Livepeer (LPT), Numerai (NMR), and Polymath (POLY). These news come after Circle’s acquisition of Poloniex back in February for a whopping $400 million. Surprisingly, according to the announcement no listing fees were collected for the addition of the assets: “These new listings are part of our continued effort to identify projects with strong technology and teams that have the potential for moving the blockchain space forward. As with past listings, these selections were based solely on merit as defined in our Asset Framework, and no listing fees were collected.” What is Livepeer (LPT)? Livepeer is an ERC20 token that started off as an ICO back in July of 2018. It is unclear how much the ICO raised but the initial offering featured 6.3 million tokens for sale out of a total of 10 million. Livepeer aims to be a decentralized video streaming platform on the Ethereum network. According to their official website: “Livepeer is creating a scalable Platform as a Service for developers who want to add live or on-demand video to their project. We aim to increase reliability of video workflows while reducing the costs to scale them.” What is Numerai (NMR)? Launched in June of 2017, Numerai is also an ERC20 token but there was no ICO for the project. Instead, if you wanted to obtain NMR tokens you had to either purchase them privately from someone on their slack channel, or buy them from a decentralized exchange. If you aren’t familiar with NMR, it is most simply described as a decentralized AI based hedge fund. There is much more to it, if you want more information about Numerai you should check out this reddit post. What is Polymath (POLY)? One of the more known projects on this list is Polymath. It is also an ERC20 token with an ICO held in January of 2018 that raised over $200 million. Polymath is a securities token platform, it aims to open the blockchain to legally compliant securities offerings. The project developed their own ST-20 token standard which aims to be in full compliance with securities laws. The project has been on quite a bullish run as of late, currently trading at $0.14 with a market cap of over $42 million. The post Poloniex Lists 3 More Assets, Bringing the Total to 14 New Assets Added This Year appeared first on NullTX.

2 months ago

9th Day of Coinbase Announced Support for Four More Ethereum Tokens

CoinSpeaker 9th Day of Coinbase Announced Support for Four More Ethereum Tokens Following their launches of 0x (ZRX), Basic Attention Token (BAT), and their stablecoin, USD Coin (USDC) across all Coinbase platforms, they also added Civic (CVC), district0x (DNT), Loom Network (LOOM) and Decentraland (MANA) to Coinbase Pro. The exchange said: “Our decision to add ERC20 tokens first is based on the relative ease of integrating the standard with our existing infrastructure, particularly from a security standpoint.” In their “12 Days of Coinbase” celebration, they announced support for DAI (DAI), Golem (GNT), Maker (MKR), and Zilliqa (ZIL). Of these, GNT is not technically an ERC20 token, but is an Ethereum-based token. Inbound transfers for DAI, GNT, MKR, and ZIL are now available in the regions where trading is supported. Traders cannot yet place orders and no orders will be filled. Order books will be in transfer-only mode for a minimum of 12 hours. https://t.co/Ov3BtA1BWE — Coinbase Pro (@CoinbasePro) December 18, 2018 Each of these tokens has associated functionality, some of which may be in beta. Moreover, each token’s associated functionality is not currently directly accessible via the Coinbase Pro platform. For example, the Golem GNT token provides access to a distributed computer farm, the Zilliqa network can be used to experiment with high-performance smart contracts, and the MKR and DAI tokens form a paired set of assets in which MKR provides governance, and DAI is a decentralized, collateral-backed stablecoin. In particular, direct access to smart contract functionality will not be immediately available through Coinbase Pro. As a result, users who want to engage in MKR governance, use their GNT tokens to submit rendering tasks to the Golem beta network, utilize functionality like Compound, or exit DAI positions in the event of global settlement will need to move their assets from Coinbase Pro to a local wallet. In Coinbase they said: “Our US Pro platform, operated by Coinbase, Inc., will support trading in DAI and GNT only. International Coinbase affiliates will support trading in MKR and ZIL for clients in select jurisdictions outside of the US. We recognize that there are popular assets that we have not yet added to our platform. Our decision to add ERC20 tokens first arises in part from the relative ease of integrating the standard with our existing infrastructure, particularly from a security standpoint. However, as noted in our earlier post, we are exploring the addition of many new assets beyond ERC20 tokens on a jurisdiction-by-jurisdiction basis.” In Coinbase they said that they will accept deposits for at least 12 hours prior to enabling trading. Once sufficient liquidity is established, trading will begin on each respective USDC order book. Support for GNT and DAI will initially be available for Coinbase Pro users in the US (excluding NY), the UK, EU, Canada, Singapore and Australia. MKR and ZIL will not initially be available to customers in the US, but will be tradable to users in the UK, EU, Canada, Singapore, and Australia. Additional jurisdictions may be added at a later date. There will be four stages to the launch as outlined below. Coinbase plans to follow each of these stages independently for each new order book. If at any point one of the new order books does not meet their assessment for a healthy and orderly market, they might keep that particular book in one state for a longer period of time, or suspend trading as per their trading rules. Coinbase is Rapidly Improving Their Platform Arguably the most important announcement for long-time investors, as Coinbase investors have had a limited choice until recently, the inclusion of more tokens follows up on Coinbase’s decision to support ERC-20 tokens. The exchange has gradually added several tokens to the exchange, such as 0x (ZRX) and Basic Attention Token (BAT). Coinbase has been the recipient of a lot of public attention in the second half of 2018. With new features and tokens expected in 2019, it is doing a remarkable job of bringing exposure to cryptocurrency, and altcoins in particular. Most recently, Coinbase announced new features such as instant PayPal withdrawals and feeless crypto-to-crypto conversions. The new additions have raised some concern in the community. Previously, the company has been cautious to add new coins. The rapid addition of these new ERC20tokens could expose the company to additional liability because of potential securities classification. Another controversy is why Coinbase has chosen this particular order for token listings. Whether the process is random, or influenced by other factors is subject to speculation. In Coinbase they said: “One of the most common requests we receive from customers is to be able to trade more assets on our platform. With the recent announcement of our new listing process, we anticipate listing more assets over time that meet our standards.” Nonetheless, the expansio

2 months ago

Coinbase Ventures, Polymath and Others Back $3M Funding Round for Crypto Data Startup Nomics

CoinSpeaker Coinbase Ventures, Polymath and Others Back $3M Funding Round for Crypto Data Startup Nomics Nomics, cryptocurrency data start-up, has finished its Series A funding round, in which it managed to raise $3 million. The funding was led by Coinbase Ventures and Arthur Ventures, among the participants also were CoVenture Crypto, CityBlock Capital, Digital Currency Group, King Capital, TokenSoft, Polymath and the BitGo founder Ben Davenport. ⚡️ “Nomics Series A Fundraising Announcement”https://t.co/EvrCB8RDQN — Nomics Crypto (@nomicsfinance) December 18, 2018 According to Clay Collins, CEO and co-founder of Nomics, the money raised will be used to develop new products. He said that the primary goal of the company is to expand its index of cryptocurrency data to total 95 percent of the lifetime of activity in the field. “While it’s a fairly trivial task to price (and have listings for) 95 [percent] of all cryptoassets, getting raw ticks/trades, all on-chain data, and orderbook data (including historical order book) for these assets can prove to be quite an engineering challenge.” Currently, Nomics employs five full-timers—two in Minneapolis, one in Boston, one in Michigan and one in the Czech Republic. With the latest funding round, the company is expected to recruit more people for its engineering team in 2019. About Nomics Nomics is an API-first crypto assets data company that delivers professional-grade market data APIs for institutional crypto investors and exchanges. Nomics offers products and services that allow funds, fintech apps, and exchanges to access clean, normalized and gapless primary source trade and order book data. The company’s mission is to grow the decentralized financial system by making it accessible and understandable to data-driven investors. CEO Clay Collins said: “There’s just so much in the graveyard of dead tokens stored in exchanges that don’t exist anymore. Just in terms of being an archivist in the space—‘How many tokens are gone?’ ‘What’s the average lifespan of a token?’ ‘How many coins have done over $1 million in daily volume and ended up dying?’—these are all the kinds of questions you might be able to answer” with a wider pool of data.” He has also affirmed that the market is finally “wising up” after the “irrationality” of 2017 when people invested too much money in bad companies. Now, they want clean, hard guidelines and good teams. And Nomics is intended to provide such an opportunity. Users can access the data using the Nomics API, which provides both historical and real-time financial data on different tokenized assets. The company is seeking to unite the data from different exchanges and go deeper than competitors. According to Collins, “part of the purpose of this fundraising was to go as wide as we can while maintaining this level of depth. A lot of our competitors started very wide but without much depth.” Nikhil Kalghatgi, a partner at CoVenture Crypto, stated: “Over time cryptocurrency data has become more expensive and complex to standardize. Unlike traditional markets where data feeds come from a central source, such as the NYSE, in the world of crypto, each exchange develops its own set of APIs. With different methods of organizing data, investors have problems with consistency and scalability. Nomics helps produce clean, consistent data, which is an integral part of the cryptocurrency infrastructure.” Founded this year, Nomics seems to have quite ambitious plans and a prosperous future. Arthur Ventures partner Patrick Meenan has the same opinion: “The Nomics API is well-equipped to keep pace with growing investor demand for accurate, gapless crypto market data. Some of the largest industry players are Nomics customers and investors. The API product has made an impression on the market and with our investment, the company is well-positioned to accelerate growth and continue to meet growing demand.” Currently, Nomics indexes over 3.5 billion data points and services over 35 million API requests from its customers every month. In the near future, Nomics is planning to have millions of new pages available on the API that will provide information about crypto trading. Coinbase Ventures, Polymath and Others Back $3M Funding Round for Crypto Data Startup Nomics

2 months ago

Coinbase Ventures Invests in Trading Data Startup Nomics

Nomics, a crypto data startup that provides users with historical and real-time financial data on a variety of tokenized assets, has received Series A backing from Coinbase Ventures. The company announced the support on Tuesday and explained that the funds will be used to grow its engineering team and continue its work indexing 95 percent off all data related to crypto-asset trading. Digital Currency Group, Arthur Ventures, Polymath and TokenSoft also participated in the Series A funding and a total of $3 million was raised. Nomics users have access to a veritable cache of digital-asset trading data via Nomics API and a company representative said there will be “millions of new pages available” after all the trading data is indexed. Nomics is also building a service which allows users to analyze and follow individual orders. This function will allow hedge funds and other large investors to develop their own trading algorithms and index trackers for assessing market fluctuations. (RS)

2 months ago

Polymath Price Hits $0.14 Following Major Gains

As all cryptocurrency markets continue to feel the pressure, a lot of investors grow uneasy. The extensive bear market of 2018 has gone on for some time now and seems to grow worse over time. Polymath, one of the lesser-traded altcoins, is making a small move up at this time. A somewhat surprising turn of events, albeit some ecosystem developments are worth paying attention to. Polymath Price Momentum is Surprising It is very difficult for any cryptocurrency or digital asset to buck the negative trend in 2018. Every small uptrend is suppressed pretty quickly, which makes for very unfavorable market conditions first and foremost. Whether or not this current Polymath price trend can remain in place for more than a few hours, is very difficult to guesstimate at this point. The overall market conditions do not warrant such a positive trend for more than a few hours. Over the past 24 hours, there has been a very notable Polymath price increase across the board. The USD value rose by 8.3% to $0.14, whereas the altcoin gained 9.4% on both Bitcoin and Ethereum. All of these gains are pretty impressive, especially when considering how there is just $2.6m in 24-hour trading volume. After all, with no real volume, there is no possibility of sustaining an uptrend. On social media, it would appear there are some interesting developments taking place behind the scenes of Polymath. The team recently unveiled their “documentation” on understanding how this protocol works exactly. Their focus on security token offerings is considered somewhat controversial at this time, albeit it is not entirely abnormal to see something like that materialize at such a crucial time. Understanding the Layers of the Polymath Networkhttps://t.co/bDTsorCGfM — Polymath (@PolymathNetwork) December 14, 2018 The social sentiment regarding Polymath also appears to be on the rise. The team over at The Tie confirms there is a notable increase in Twitter activity, which coincides with the current overall price increase. Whether or not that will be sufficient to keep things moving in this direction, is a different matter altogether. Anything is possible in this industry. #Polymath high sentiment alert. #Poly has the highest hourly sentiment of any #crypto on a 10% increase in tweet volume. Poly is up 8.57% today on low trading volume. https://t.co/9neNwzlp5p — The TIE (@TheTIEIO) December 15, 2018 Given all of the talk about security token offerings, the Polymath team also outlined a new standard known as ERC-1400. It is another step in the evolution of security tokens and one that seems to confirm there is a future for STOs despite pressure from various government agencies. As such, the Polymath price uptrend may be somewhat warranted, at least depending on how the ecosystem as a whole will move ahead. ERC-1400: Evolution of a Security Token Standard [Polymath Network] https://t.co/lvDqxk7ULs@PolymathNetwork #erc1400 #securitytokens #ethereum #polymath pic.twitter.com/GZnv0ccG9c — Ethereum Network (@EthereumNetw) December 12, 2018 With all of these gains across the board, one would expect things continually improve from here on out. At the same time, Polymath seemingly doesn’t have the trading volume to make big things happen. It will be an interesting market to keep an eye on under these circumstances, albeit nothing has been set in stone as of yet. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Polymath Price Hits $0.14 Following Major Gains appeared first on NullTX.

2 months ago

OpenFinance Launches US's First Security Token Platform

OpenFinance Network (OFN) has just launched the first regulated security token trading platform in the United States. OFN is open to both accredited and non-accredited investors in the US and abroad. The platform has a one-time verification process to assess the eligibility of an investor. Right now, Blockchain Capital (BCAP) is available to trade on the platform. BCAP conducted one of the first compliant security token offerings early this year. OFN has partnered with multiple companies such as Huobi, Polymath, Atomic Capital, and Token Soft to launch the platform. (VS)

2 months ago

Polymath is not conducting an airdrop. Do not send funds to ...

Polymath is not conducting an airdrop. Do not send funds to anyone claiming otherwise. And a reminder: Never give… https://t.co/lpfBB5x8dN

2 months ago

Excited for this! Come out to see Polymath co-founder Chris ...

Excited for this! Come out to see Polymath co-founder Chris Housser @realbitlawyer talk about Web3, Polymath, Secur… https://t.co/hil7p1bIot

2 months ago

IOST Listed on South Korea’s Largest Cryptocurrency Exchange Bithumb

Bithumb, the largest cryptocurrency exchange in South Korea, announced today that it will be listing IOST(Internet of Services Token) and Polymath(POLY) today on its platform. The exchange also noted that it will run '22.8 million airdrop event' from Dec.6 through Dec.7 to celebrate the new listing. According to earlier reports, IOST would launch their final Testnet version 2.0 on  Dec. 20 this year and would launch their Mainnet v1.0 on  Feb. 25, 2019. At the press time, IOST is trading at $0.0052, up 12.66% in the past 24 hours. (RL)

3 months ago

Great podcast with @MooreGrams and @bounty0x on Polymath and...

Great podcast with @MooreGrams and @bounty0x on Polymath and the security token space more broadly https://t.co/raAvDZ5WTr

3 months ago

Heslin Kim (APAC Head of Business Development at Polymath) e...

Heslin Kim (APAC Head of Business Development at Polymath) educating the audience at NodeTokyo about Polymath and s… https://t.co/D7ohmXV96x

3 months ago

Dubai Has Quietly Created A Legal STO Space

The UAE is quickly becoming the international epicenter for security token offerings (STOs), according to the head of a Dubai-based consultancy firm. The Middle Eastern country will soon be in a position to launch fully-regulated STOs. Jason King, the managing partner at Connected Global Strategies (CGS), told Crypto Briefing that the UAE’s financial authorities - the Dubai Financial Services Authority (DFSA) - had quitely created the framework for STOs to take place legally. “They [the Dubai authorities] see it as inevitable that cryptocurrencies and blockchain will experience mass-adoption”, said King. “But they they won’t let it run wild.” Although Dubai has so far developed its security token regulations “under the radar,” King said that it would clearly benefit from the new technology. The city has a prominent financial sector and real-estate market, both of which could expand with tokenized securities. A lack of legacy banking systems, prominent in Western economies, means the UAE can quickly pivot over with little friction or backlash. aelf is already exploring the Dubai STO space This comes as the aelf (ELF) blockchain, a scalable protocol based on cloud-computing, begins to make inroads into Dubai with a partnership with CGS. Zhuling Chen, aelf’s co-founder, explained that the new partnership was necessary in order to begin expanding into the region. “The Middle East has a more top-down approach than other places,” he said in a telephone call. “We need people like CGS to get us in”. Dubai is not alone, Chen says. Governments in the region have been looking to transition away from oil and into new sectors, such as tech. Authorities in Saudi Arabia, the biggest economy in the region, have also expressed an interest. That said, the UAE is in the lead. Local investors invested heavily in aelf and the nascent sector has the support of the government and ruling families; Chen says that they see it as an opportunity to create value. A government mandate to expand Distributed Ledger Technology by 2020 means many Dubai-based businesses have already begun integrating blockchain technology. Although Chen says that they are still exploring options, one area under consideration is for aelf to develop an STO platform, like Polymath (POLY), based on a sidechain. The project hopes that by establishing a running dialogue with the authorities, they can create an offering floor in full compliance with UAE and Dubai law. Dubai was an international trading center before the discovery of oil, and its sovereign wealth fund, valued at over a trillion-dollars, is second only to China’s. If technology is the new oil, then Dubai may be in a position to tap into both. Disclaimer: The author is not invested in any token or cryptocurrency mentioned in this article, but holds investments in other digital assets. The post Dubai Has Quietly Created A Legal STO Space appeared first on Crypto Briefing.

3 months ago

Do you want to create your own security token? Then sign up ...

Do you want to create your own security token? Then sign up for tomorrow's Polymath Webinar with Thomas Borrel, Chi… https://t.co/oGUKfswOOJ

3 months ago

Polymath Core v2.0.0 🚀 ...

Polymath Core v2.0.0 🚀 https://t.co/9nGxhpZcGt https://t.co/K6bCWbJNzT

3 months ago

Moving From The ICO To The DSO: Digital Security Differences

Love them or hate them, ICOs really stirred the pot. Did they stimulate global interest in blockchain technology? Absolutely. Did they represent an unsustainable speculative bubble which was bound to burst at some point? Absolutely. In fact, the whole ICO craze is a bit of a Catch-22. If the markets had remained purely driven by utility they probably wouldn’t have been as popular. But the fact that they transformed into what we might charitably describe as ‘unregulated securities markets’ has had one very positive implication for ICO investors: they are in the best position to be first movers in the rapidly-evolving digital securities market. As discussed in our previous article, the once scalding Initial Coin Offering (ICO) market has become frosty as 2018 continues to wear on. But as the ICO deal stream slows to a trickle, we are seeing the rise of the Digital Security Offering (DSO). As we dive deeper into this transformation, it’s important to understand that the ICO and the DSO are fundamentally two different things, which happen to share a common denominator. Moving from ICO to DSO The DSO is, and was always intended to be, an investment and cap management vehicle that will mostly be used for private placements and other typically illiquid asset classes, as an Angel investor this made sense to me. There are a lot of features of digital securities that help them accomplish its goal, as a vast improvement over the tedious and expensive process of creating, trading, and managing private securities (more on that in a moment). ICOs, on the other hand, were almost exclusively sold as utilities to incentivize communities building technology on a public blockchain. The “token” was intended to reward people working for the greater good of the community. The ICO was not intended to be a speculative investment vehicle - at least, not in its original form. And although there are a few unicorns out there, many ICOs will fail. This is not inherent to the model they used - startups fail all the time - but the capital raised and the global excitement around tokenization has allowed the brunt of those failures to rest on the shoulders of the retail investor. The inevitability of failure, and the reasons for success So what happened, to create this speculation? Due to the frictionless nature of trading tokens on the blockchain investors began to do what they do best - they speculated, traded, and rode the wave all the way to the shore. Markets were born, prices fluctuated (artificially or authentically), trades were made, and for anyone with a background in securities, it became very apparent that the “utility” notion had transformed into a budding unregulated securities market. Dana Farbo, COO of Augmate, puts it bluntly: “Regardless of whether this token is used as a part of the platform or not, a company that insists on going the route of a utility tokens with investors who hope to gain on the increasing value of the token is risking their business and possibly the livelihoods of its employees, business partners, investors, and others.” I mentioned that the silver lining for ICO investors is that they are in a fantastic position to be among the first to explore the digital securities offering. And that’s true - the media they consume, their comfort with physically-intangible assets, their understanding of the technology underpinning many of the projects that are seeking crowdfunding - all of these factors are advantages that non-crypto investors do not possess. But after the ICO model has gone supernova, what real benefits are there for retail investors? And what’s the safety net? Let’s take a closer look at some key components for DSOs: Regulatory Compliance Digital securities, as issued and managed by reputable issuance platforms like Securitize or Polymath, apply global regulatory rules to the lifecycle of the digital share or token. ICO tokens were often sold without regulatory clarity. There is, in many cases, nothing that legally protects the token owner from nefarious or ignorant acts committed by the issuer. Asset Backed Digital securities are backed by an asset of value. This can be the equity of a company, fractional ownership in an apartment complex or the payout of dividends from quarterly profits. ICO-acquired tokens usually have no assets backing their value. They are offered as a ‘utility;’ a means in accessing a service on a communication network. One pays money for tokens that grant access to the service. Digital Securities are not Bitcoin-paired Digital securities gain their value from the net asset value (NAV) of the asset backing the product, and can trade at a premium or a discount to their NAV. This is the expected behavior of any asset-backed security. Digital securities will be paired with fiat. ICO acquired tokens that trade on exchanges are often correlated to the price of Bitcoin. This is a tricky situation. Very few tokens from ICOs have any dependence on the blockchain technology

3 months ago

Jimmy Song proves Faketoshi’s signature is (unsurprisingly) fake

The BCH hash wars have left very little room for reasonable fact-based debates. As it turns out, the two combating factions, ABC and SV really like to make use of appeal to authority. It’s a little logical fallacy which fools short-sighted investors - otherwise why would anyone bother to use it? On one side, we have those who own most of the Bitcoin Cash infrastructure and repeat every five minutes that they want to bring more financial freedom to the world. The other camp is led by Craig S. Wright, the self-proclaimed Satoshi Nakamoto who likes to act like a destructive Old Testament deity. Arguably, none of these factions represent the principles that Bitcoin really stands for, as they diminish the decentralization factor. But this doesn’t stop some combatants to get extra creative. On November 16th 2018, the @Satoshi Twitter account has posted an interesting cryptographic message. It basically read “Sig (Rx, S) for Message H(m) Rx: 97921318692748166969765893503724782362221860890089306445657980140065784098104”. The interpreted meaning behind this signature is “I am Satoshi, I’m still alive and well, and I want to send you all a message”. In reality, this proved to be nothing but a tactic that BCHSV proponents use in order to justify their “Satoshi’s Vision” divergent approach. Due to content similarities, it’s suspected that Craig S. Wright himself is behind the @Satoshi account (which has been suspended in the meantime). Justice. pic.twitter.com/jsDc0SePOd — Dr Craig S Wrong (@ProfFathead) November 17, 2018 To make this situation even more ridiculous, BCH investor Calvin Ayre has written a speculative tweet to support the angry Satoshi hypothesis. However, Mr. Ayre has adjusted the narrative to fit the ongoing hash wars: “Satoshi lives and is likely upset at Bitmain and Bitcoin.com for attacking Bitcoin”. For the sake of common sense and cryptographic decency, Jimmy Song came to the community’s rescue with a Medium blog post. In a nutshell, the Programming Blockchain educator and Bitcoin developer applies to “Don’t trust, verify” ethos by debunking the myth with mathematical evidence. Craig S. Wright (Faketoshi) gets busted by Jimmy Song Since his emergence in the world of Bitcoin in 2015, CSW (also referred to as “Faketoshi”) has constantly claimed to be Satoshi Nakamoto. He’s even managed to fool Gavin Andresen (at the time the most important Bitcoin developer), and he kept on gaining (undeserved) credit and recognition. Mr. Wright has spoken at big conferences alongside influential crypto developers, and in the meantime, he admirably resisted the fraud allegations (while dodging challenging debates). When the Bitcoin community split in 2017, Craig S. Wright received a false prophet role in BCH. This move was meant to bring more legitimacy to the big block project, as people fell for the Satoshi narrative. But in the long run, he ended up dividing the community and meddling with the plans of Roger Ver and Jihan Wu. It’s no surprise that the Bitmain co-founder is the proponent of an unpopular conspiracy theory which claims that CSW is a Blockstream spy. From the very beginning I have had a conspiracy theory that CSW is a spy controlled by Blockstream. — Jihan Wu (@JihanWu) November 8, 2018 But this time, it’s likely that CSW has bought the @Satoshi Twitter handle for the sake of spreading Bitcoin FUD and SV propaganda. Lately, he hasn’t been shy in threatening the communities of BTC and BCH with costly hash wars that would bring down the market for extended periods of time. Oh. And @JihanWu and @rogerkver selling... they will also have to sell BTC to pay rented hash. If this is a long war... expect 2014 prices in BTC... think what that does... Have a nice day — Dr Craig S Wright (@ProfFaustus) November 14, 2018 To unknowledgeable outsiders who don’t know anything about cryptography, coding, and mathematics, Craig S Wright can look like an eccentric polymath with destructive and vengeful intentions. But to people like Jimmy Song, Andy Poelstra, Greg Maxwell, and Pieter Wuille, he is nothing but a con artist who makes big claims that he can’t back up. Jimmy Song’s demonstration As a social scientist who never really was good at mathematics, I don’t find Mr. Song’s mathematical approach (or the supposed signature of Satoshi, for that matter) easily comprehensive. Therefore, in the spirit of the verification ethos, there is no way I can personally certify for the correctness of the mathematical demonstration. Nevertheless, it’s enough to look at the intentions of the actors involved to figure out who acts in good faith: Faketoshi and Calvin Ayre are in the middle of a hash battle that they will most likely use and require all the appeal to authority in order to compel the bystanders to pledge allegiance to their cause. On the other hand, Jimmy Song and all the other Bitcoin developers don’t have a clear stake in the BCH narrative and their best interest here would be to protect the legacy of Satos

3 months ago

Polymath Announces the Release of Core Version 2.0.0

Polymath (POLY), the securities token generation platform, recently announced the release of its core version 2.0.0. The new release comes with multiple improvements, but the underlying Security Token smart contract had to be rewritten which resulted in a break in backward compatibility. This essentially means that tokens that were launched on previous versions will need to deploy a new token on the 2.0.0 version if they want to experience the upgrades. The Polymath team will release instructions on how to complete this process in the near future. (JF)

3 months ago

Polymath Core v2.0.0 Release is out! New features including...

Polymath Core v2.0.0 Release is out! New features including: - Pegged to Fiat STO Offering - Forced Transfers - Su… https://t.co/OJPaiPicaK

3 months ago

The Growth of Security Tokens in 2018

2018 was meant to be the year of security tokens. The number of projects seeking to launch security token offerings (STOs) would mushroom, we were told, and a string of accredited trading venues would emerge where these instruments could be exchanged. The release of two new reports into the STO market provides an opportunity to reflect on whether security tokens have lived up to the hype. Also read: Digital Bank Revolut Surpasses 3 Million Customers The Quest to Securitize the World When the utility token craze took off in 2017, raising billions of dollars through initial coin offerings (ICOs), skeptics predicted that the mania couldn’t last. Many of these so-called utility tokens, it was claimed, were actually securities, and it was only a matter of time until a lettered agency such as the U.S. Securities and Exchange Commission stepped in to call a halt to proceedings. In the event, the demise of the utility token has had less to do with enforcement, and more to do with market conditions that have made it virtually impossible for ICOs to raise funds. A string of underperforming ICOs, including several that were outright scams and others that simply failed to deliver, have blunted public appetite for this fundraising mechanism. STOs have the potential to overcome several of the drawbacks to ICOs, including the regulatory uncertainty. Because security tokens represent a claim to an asset, such as equity, investors have a degree of reassurance that, in the event of the project faltering, they will have legal redress. This contrasts with utility tokens, which are sold on the understanding that they may be worth nothing and that holders have zero claim to any sort of assets. Two new reports from Hashgard and ICOrating.com provide an insight into the health of the nascent security token market. Security tokens made up 6.54 percent of projects in Q3. STOs See Modest Growth in Q3 ICOrating.com reports that STOs saw a steady increase in interest during Q2 and Q3 of 2018. The share of projects offering a security token increased by a slender 1.66 percent in Q3 over the previous quarter, while the number of projects offering utility tokens decreased by 10 percent. One impediment to projects seeking to launch an STO is a shortage of platforms that are capable of listing their token. Until traditional cryptocurrency exchanges, including a number of Malta-based entities, receive approval to sell securities to accredited investors, a handful of platforms will hold sway. Leading security trading platforms and frameworks include Tzero, Polymath, Swarm, Harbor, Securitize and Securrency. Different exchanges often use different token standards to facilitate the trading of security tokens. In the case of Polymath, for instance, it’s the ST20 protocol for Ethereum-based tokens. Startengine, meanwhile, has introduced its own ERC1450 standard for digital stock certificates. “To date, we have issued ERC1450 tokens to all 3,500 Startengine shareholders, and there are 165 more eligible companies that use Startengine Secure and are expected to be listed on the ERC1450 smart contract,” explained CEO Howard Marks. 2019 — the Real Year of Security Tokens? Significant progress has been made over the last 10 months in developing security token standards, trading platforms, and obtaining regulatory approval. In terms of capital raised, however, STOs have yet to make any major headway. Singapore’s Blockchain Capital raised $10 million via STO, reports Hashgard, while other security token projects include high-tech investment fund Spice VC and incubator fund Science Blockchain. Many other aspiring STO projects are still waiting patiently for the SEC to approve their Reg A+ application that will enable them to sell security tokens to the public. Security token standards. Image from Hashgard’s STO report. As demand for utility tokens continues to decrease, expect to see security tokens outstrip them and become the preferred fundraising method for tokenized projects. From a building perspective, this year has recorded plenty of headway in the security token market. Predictions of 2018 being the year of the security token look to have been overstated however. It seems likelier that accolade will go to 2019 instead. Do you think security tokens will eventually replace utility tokens as the leading fundraising mechanism? Let us know in the comments section below. Images courtesy of Shutterstock, ICOrating.com and Hashgard. Need to calculate your bitcoin holdings? Check our tools section. The post The Growth of Security Tokens in 2018 appeared first on Bitcoin News.

3 months ago

Exclusive Interview With Harish D. Gupta, CEO of Polybird Tokenized Assets Exchange

Asset tokenization is definitely one of the most noteworthy use cases of blockchain technology since its inception a decade ago. Many blockchain projects are oriented towards this direction lately, as the ability to distribute the ownership of non-fungible assets or to transfer the ownership of illiquid physical commodities by simply using smart contracts, unfolds whole new methods for global trade. Polybird, is a third-generation, global multi-asset exchange platform that enables financial institutions to raise capital by issuing digital tokens or by listing tokenized assets. Currencies, commodities, bonds, or real estate, will all become available for trading in one platform. In an exclusive interview with [blokt], Harish D. Gupta, CEO, and Co-Founder of Polybird Exchange, shared his views about how Polybird will streamline the life cycle of tokenized assets and address regulatory issues. Mr. Gupta, what kind of assets do we expect to see on the Polybird platform? Polybird is a multi-asset platform that would host multiple asset classes such as cryptocurrencies, tokenized equities, tokenized bonds, tokenized commodities, and tokenized currencies. Polybird and regulatory compliance at a glance? Polybird is a global multi-asset platform that aims to streamline an end-to-end process from issuance to trading. Given we are a global platform, we will have multiple broker-dealer and capital markets licenses across multiple jurisdictions. Initially, it will be via partnerships with other financial institutions. At later stages, we’ll own these licensing. We would also apply for secondary market licenses such as ATS and stock exchange licenses. Polybird aims to interconnect investors globally. How are you going to address regulatory discrepancies across different regions? How will you ensure an investor from a country with regulatory restrictions will not have access to certain assets? We are introducing the concept of “Chinese Walls” in the exchange ecosystem which is a common practice in the financial services industry. Each jurisdiction has its own set of regulations and regulatory objectives, which may or may not match with other jurisdictions’. Yet it is critical to stay compliant in not only one jurisdiction, but all jurisdictions simultaneously. To achieve this goal, opportunities on the platform are selectively visible, often referred to as “Chinese Walls” in the investment banking industry. Chinese Walls are self-implemented barriers by an entity with the objective of serving as a barrier for interaction. For instance, if a certain investor is not eligible to participate in a given offering or trading of a certain asset for a certain reason (geographical location, non-accredited investor status, legal lock-up period, etc.), one will not be able to view the opportunity on the platform in the first place. In the case of physical commodities’ tokenization, which are prone to physical disasters or theft, under which jurisdiction would investors be able to pursue their legal rights? Given we are a global marketplace platform, we strive to bring together the tokenizers and traders/investors onto our platform. These tokenizers could be from anywhere in the world. Where the investors will be able to pursue their legal rights depends on the jurisdiction of the registered entity of the tokenizer. We will provide the investors with adequate information such that they are able to make a well-informed decision. Who is eligible to list a tokenized asset on Polybird? In the initial phase, we plan to source assets from several tokenization platforms such as Polymath, Securitize, FIC Network, Dharma Protocol, which are focused on tokenized stocks and bonds. As we grow, we target a certain set of markets in each asset class for them to list on us. We see an exponential growth in the number of startups tokenizing various assets across geographies, in regions like APAC, EMEA, and the Americas. Our target is to capture as much growth as possible, scale this platform globally, build a brand name, and provide such tokenizers with a go-to listing platform in the world. How is Polybird going to guarantee liquidity on a listed asset? Are you planning to partner with other exchanges? We assume that there would be liquidity for certain assets and there wouldn’t be liquidity for others. The assets that are more in demand and easy to price would have more liquidity, whereas the assets that are less in demand and difficult to price would have less liquidity. That is, we expect that for less liquid assets, the buy or sell order of certain assets would sit on the exchange for a while before the order is filled. How will investors trade a tokenized asset on the Polybird platform? The trading experience would be very similar to that of trading on cryptocurrency exchanges such as Binance, Gemini, and Bithumb. The distinguishing factor of our platform would be to trade different asset classes on our platform. We see traditional cryptocurren

3 months ago


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