Monthly Archives: February 2019

Purchase agreements for messenger service Telegram’s Gram tokens will be terminated if the Telegram Open Network (TON) does not launch by October 31, 2019. An apparent purchase agreement with the said terms was obtained by Cointelegraph on Feb. 21.The agreement details the legal niceties of Gram token purchases, outlining regulations for different jurisdictions in regard…

Cryptocurrency wallet MyEtherWallet (MEW) in collaboration with crypto finance firm Bity are releasing a platform to convert cryptocurrency to fiat without Know Your Customer (KYC) requirements. MEW announced the news in a blog post published on Feb. 20.Per the announcement, users of the MEW V5 wallet are now able to exchange up to 5,000 Swiss…

Eurex, a Germany-based derivatives exchange operated by Deutsche Boerse, is reportedly planning to launch futures contracts tied to digital assets, financial technologies-focused news outlet The Block reported on Feb. 21.People familiar with the matter reportedly told the Block that Eurex is planning to launch futures contracts tied to such digital currencies as Bitcoin (BTC), Ethereum…

German banking and financial services company Commerzbank and technology companies Continental and Siemens have jointly conducted a money market security transaction pilot using blockchain technology. Cointelegraph auf Deutsch reported on the development on Feb. 21.Money market securities are short-terms assets that serve for financing companies and usually have a maturity of one year or less.…

Recently the New York Department of Financial Services (NYDFS) grant statewide virtual currency licenses to two applicants: stock trading service Robinhood and cryptocurrency ATM operator LibertyX. The state’s regulatory regime, commonly known as BitLicense, imposes a set of strict disclosure and consumer-protection requirements on any business that offers cryptocurrency-related services to New York residents. Since the…

Latin America’s largest investment bank Banco BTG Pactual SA is releasing its own blockchain-based security token, Bloomberg reported on Feb. 21.The token dubbed “ReitBZ” — which will be backed by distressed real estate assets in Brazil —  will reportedly enable the bank to provide its real estate business to international investors at lower costs than…

1. What is an STO? STO stands for security token offering. Similar to an initial coin offering (ICO), an investor is issued with a crypto coin or token representing their investment. But unlike an ICO, a security token represents an investment contract into an underlying investment asset, such as stocks, bonds, funds and real estate…