Public Firm Becomes First to Launch an ICO in Singapore
An e-commerce platform that recently launched a token sale aimed to raise $50 million has become Singapore’s first public firm to hold an ICO.
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Nouns DAO’s $27M Revolt Reveals Toxic Mix of Money-Hungry Traders and Blockchain Idealists
Nouns DAO’s internal critics have long chafed at the NFT project’s reckless spending – like paying $90,000 to name a rare frog species after itselfThe DAO designed a “fork” to give dissenters an exit ramp, and itself an escape hatch if it ever came under attackBut savvy arbitrage traders played the governance game for profit

Bitcoin Steady Above $30K as China Factory Deflation Suggests End of Global Tightening Cycle Is Near
Bitcoin held steady above $30,000 early Monday as producer price index (PPI) data from China suggested the global liquidity-tightening cycle that kicked off early last year and roiled risk assets including cryptocurrencies is nearing its end.China's PPI, a measure of factory-gate prices, fell 5.4% year-on-year in June, the ninth consecutive monthly decline and the steepest…

Can Crypto Match the Internet and Hit 5B Users?
By now, many of us have seen this graph comparing internet adoption to crypto adoption.(World Bank, Crypto.com)Crypto is adding new users at a pace so similar to the internet’s 1990s growth that it can fuel stunning forecasts for what’s ahead for digital assets.The internet went from basically no users in 1990 to 5 billion now…

IRS Confirms It Trained Staff to Find Crypto Wallets
news The U.S. Internal Revenue Service (IRS) may consider subpoenaing major tech companies like Apple, Google and Microsoft in search of taxpayers’ unreported cryptocurrency holdings. That’s according to a slide deck presentation from an IRS cyber training session, which details a number of ways the agency’s criminal investigators might find potential crypto tax cheats. “Issuance…

Investors Pump $250M Into Reddit Following Social Media Site’s Role in GameStop Mania
The site plans to double its headcount to 1,400 by the end of 2021.Feb 9, 2021 at 2:05 a.m. UTCUpdated Feb 9, 2021 at 2:07 a.m. UTCInvestors Pump $250M Into Reddit Following Social Media Site’s Role in GameStop ManiaReddit has raised $250 million in a Series E fundraising round, the company announced Monday night. The social…

Leaving Behind Bitcoin Sectarianism
I’ve always tended to be heterodox in my beliefs, my social attitudes and the way I reason outside of scholarly consensus.Patrick Dugan is the founder of the Omni Foundation, CEO of TradeLayer and coiner of the term "crypto-dollarization".This article is part of CoinDesk’s “Future of Bitcoin” package.It was about 11 years ago that I sent

Bancor Raised $153 Million and Found Actual Users. Why Did Its Token Tank?
feature The cryptocurrency industry is still grappling with the legal implications of the initial coin offering (ICO) trend of 2017. Two years after the token boom, the value of Bancor’s BNT token is in the dumps – sinking from $4.49 in July 2017 to an all-time low last week of $0.44, according to CoinMarketCap. Yet, the…

‘Clicks and Bricks’ Strategy to Drive Korean Users to Terra’s Blockchain
news A South Korean mobile payments dapp is rolling out a back-to-basics “clicks and bricks” growth strategy to boost retail adoption. Rather than an advertising blitz or sending an army of bots to make their case on social media, Terra Blockchain’s CHAI dapp is focusing on where customers actually transact to buy stuff. Founder David…