Again we are talking about the ongoing events of the crypto world in our permanent column “Top 5 news of the blockbuster industry.” Have a productive reading!
Crowdfunding giant expands into security tokens
The global platform Indiegogo will now provide access to security tokens by offering a real-estate asset to its audience of crowd-investors.
Indiegogo will present its 10 million global members with the opportunity to own a tokenized share of common stock in the prestigious St. Regis Aspen Resort, via the Aspen Digital token asset offering. The offering will be available directly through Templum Markets LLC, an SEC registered broker-dealer and member of the Financial Regulatory Authority (FINRA). This security token offering (STO) will be filed under the SEC’s Reg D, Rule 506 (c), General Solicitation, and is open to accredited investors in the U.S. and overseas.
We have always strived to foster innovation and provide our users with access to some of the most novel and interesting products and ideas from around the world. With the blockchain revolution fully underway, we at Indiegogo are excited about the world-changing impact and potential of security tokens. Our goal is to provide an access point to our growing network of millions of customers. It’s a privilege to work with the St. Regis Aspen Resort, Slava Rubin.
Another Japanese company developing 7nm bitcoin mining equipment
Triple-1 Co. Ltd., a Japanese company established in November 2016 and headquartered in Fukuoka, engages in ASIC chip development and cryptocurrency mining farm construction. The company began looking into developing 7nm bitcoin mining chips in February last year.
The power efficiency of Triple-1’s 7nm chip is listed at 0.05W/GH, which the company claims, reduces power consumption by at least 50 percent over a conventional 16nm chip.
SEC to review decision rejecting bitcoin ETFs
Staff at the SEC on Wednesday rejected applications for new funds from three companies, suggesting they were not yet convinced that the products would not be subject to fraud or manipulation.
But the SEC’s four commissioners will review those decisions, according to letters the SEC posted on its website.
SEC staff have delegated authority to make a decision on such applications, meaning the commissioners and the SEC chairman have the power to review the decision if they desire.
ZenCash privacy-сentric сryptocurrency renames to “Horizen”
Censorship resistant privacy-based blockchain platform and token, ZenCash has recently announced that it has rebranded itself as “Horizen”. The decision to do so considered several reasons including two main ones, which entail community interest and the need to expand ZenCash’s commercial and consumer-based goods and services.
Senior Marketing Manager of Horizen, Johnathan Teplitsky shared to Sludge Feed that the rebranding process involved input from several players including the likes of “community members, node operators, miners, leadership team, former government regulators and major institutional investors.”
UK Government-backed accelerator will sponsor blockchain startups
The Department for International Trade announced that Entrepreneur First (EF), a pre-seed investment company, is now also funding blockchain startups. EF is one of the government-recognized organizations that can endorse firms for entrepreneur visas.
EF is particularly interested in founders who want to solve hard technical problems. Their alumni are having an impact in fields such as artificial intelligence, drones, security, virtual reality and the blockchain and have raised funding from the world’s leading venture investors.
Thank you for attention!