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IPO Using ERC20 Tokens Approved, Report Details APAC Bitcoin Trading Data,

Blockchain Used in IPO and ATS, Bitcoin Fund Announced, APAC Trade Data Published

By: Robert A. Musiala Jr.

According to reports, this week a Gibraltar-based cryptocurrency exchange, INX Ltd., has announced that the U.S. Securities and Exchange Commission (SEC) has approved the company’s planned initial public offering (IPO) in which the company will offer its securities using blockchain. According to the registration statement, which has reportedly been deemed effective by the SEC, the company’s securities will be offered in the form of INX Tokens, “an ERC20 blockchain asset that is programmed using a smart contract that is compatible with the Ethereum blockchain.” The registration statement notes that “there is currently no public market for the INX Tokens and there is no plan to have our INX Token trade on a national securities exchange or any other exchange or trading platform, whether within or outside the United States.”

In related news, ASPD, a private “security token” that operates on the Tezos blockchain, has reportedly begun trading on the tZERO alternative trading system (ATS). Each ASPD represents fractional ownership in the St. Regis Aspen Resort, a five-star hotel located in Aspen, Colorado.

This week a major U.S. financial services provider reportedly took steps to launch “a new fund dedicated to bitcoin.” According to reports, while there is “little in the way of details” about the fund, “the minimum investment to join the pooled investment fund is $100,000.”

According to a recent blog post by blockchain analytics firm Chainalysis, “East Asia is the world’s largest cryptocurrency market, accounting for 31 percent of all cryptocurrency transacted in the last 12 months.” Some key findings reported in the blog post include the following:

  • Because China alone controls 65 percent of Bitcoin mining activity, the majority of all newly mined bitcoin originates in Asia-based addresses.
  • “The East Asia cryptocurrency market is dominated by professional traders, with roughly 90 percent of all volume transferred by East Asia in any given month attributed to professional-sized (above US$10,000 worth of cryptocurrency) transfers.”
  • “Tether is by far the most popular stablecoin in East Asia, making up 93 percent of all stablecoin value transferred by addresses in the region.”

For more information, please refer to the following links:

Quorum Acquisition Announced, Blockchain Initiatives Launch for Coffee and NASA

By: Veronica Reynolds

Leading blockchain software engineering firm ConsenSys announced this week its acquisition of Quorum, an opensource software and blockchain platform based on the Ethereum protocol, from a major U.S. bank. Quorum is designed for processing transactions within a permissioned network to address privacy and performance challenges. Reportedly, the acquisition by ConsenSys provides consumers with expanded features including digital asset functionality and document management. Moving forward, “all Enterprise Ethereum protocol technology at ConsenSys will fall under the ConsenSys Quorum brand, and developers will have the option to choose their underlying technology stack.”

An international coffee chain recently announced that consumers can now trace the origins of the coffee they buy from the conglomerate. The new product is built atop blockchain technology powered by a multinational technology giant. According to reports, a code on the bag of coffee will allow consumers to find out not only where the beans came from, but where they were roasted. Farmers will reportedly receive a reverse code that can be used to track produce.

Quadcopter Communications offered by the National Aeronautics and Space Administration (NASA) just got a “lift,” with two U.S. technology firms winning a bid to build the Space Communication Reconstruction and Mapping with Blockchain Ledgering, dubbed SCRAMBL. The system design seeks to use blockchain to spread data among networking satellites in order to increase the efficacy of their communication and “overall awareness.” It will provide a solution for times where one communication node cuts out, allowing the rest to “quickly and dynamically adapt.” According to the project proposal, SCRAMBL could prove particularly useful for quadcopter drone swarms, “where common operational awareness is needed throughout and communication is minimal due to environmental factors.”

For more information, please refer to the following links:

Crypto Crimes Continue in Ransomware, Fraud, Wash Trading and Tax Evasion Schemes

By: Joanna F. Wasick

Last week the former chief security officer of a popular ride-share company was charged with obstruction of justice and misprision of a felony in connection…

Read More: IPO Using ERC20 Tokens Approved, Report Details APAC Bitcoin Trading Data,

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