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Figure Technologies releases fund services offerings on blockchain

 Figure Technologies launched its new digital fund services products for investment firms on a blockchain, the company said in a statement.The San Francisco-based financial technology firm used the Provenance blockchain and aims to use the technology to automate much of the paper-based processes in fundraising and fund management. Services include capital raising, investor onboarding, know-your-customer, anti-money laundering and Bank Secrecy Act activities, digital subscriptions, capital calls, and transfer agents.Mike Cagney, co-founder and CEO...

First ICO mandating buyers to ‘use’ tokens is successful, collects $5M

A new way of conducting token sales spearheaded by ConsenSys Codefi achieved its first success, with the planned sale of Skale Network tokens collecting just over $5 million.As Cointelegraph reported in February, the Skale token sale was the first to be launched on the Activate platform developed by ConsenSys. Its purpose is to bootstrap new projects with an involved community that would perform the functions required of it, for example staking their tokens...

Tokenized whiskey fund buys first 1,000 barrels of Kentucky bourbon

A fund launched in March with the aim of tokenizing up to $20 million worth of whiskey has announced its first successful investment round and the purchase of its first tranche of Kentucky bourbon.Wave Financial Group announced Sept. 11 that its Kentucky Whiskey 2020 Digital Fund had bought an initial 1,000 barrels from the Wilderness Trails distillery.Investors are expected to benefit from the spirit’s price appreciation during the aging process of around five...

UK miner Argo reports 280% increase in revenue despite May’s Bitcoin halving

Publicly-listed mining firm Argo Blockchain has published bullish interim half year results for 2020, despite the recent Bitcoin (BTC) halving and a host of “challenging conditions.”Argo Blockchain PLC is headquartered in London, with its shares listed on the main market of the London Stock Exchange. For the six months through to June 30, the company’s revenues hit £11.2 million ($14.48 million) — a 280% increase from H1 2019 (£2.93 million, or $3.79 million). According...

Major Swiss health insurance company now accepts crypto payments

A major health insurance provider in Switzerland has made Bitcoin and Ether payments available to its policyholders.According to an Aug. 31 announcement, Atupri Health Insurance is partnering with crypto financial services company Bitcoin Suisse for its 200,000 customers to make payments using Bitcoin (BTC) or Ethereum (ETH). Atupri, based in Bern, will not be holding any digital assets itself, but rather just receiving fiat payments in Swiss francs once the BTC or ETH...

DeFi surpasses $7B in locked funds, but just six projects hold 90% of capital

The total value of capital locked in decentralized finance (DeFi) protocols has increased 271% in less than two months to surpass $7 billion for the first time, according to DeFi Pulse.If the current rate of growth continues, DeFi will be worth more than $27 billion by the end of 2020.Aave currently comprises the largest DeFi project with $1.51 billion locked, followed by MakerDAO with $1.42 billion, Curve Finance with ss$1.15 billion, Yearn.finance with...

Equilibrium Offers a Promotional Token Swap for Test-Driving Its DeFi Platform

Having set up shop on Polkadot just a week and a half ago, an EOS-based decentralized finance project called Equilibrium will bring its governance token NUT to the Polkadot ecosystem for sake of facilitating a promotional token swap.The token swap will run from August 31 to September 29. During this time, people who want to test-drive Equilibrium can exchange their BTC for NUT, then use that NUT to experiment with the newly launched...

INX Exchange Launching SEC-Registered Hybrid Token/Share IPO This Week

Gibraltar-based crypto exchange INX will launch its long-awaited initial public offering (IPO) on Aug 24, 2020, after a two year journey. The exchange aims to sell 130 million tokens at $0.90 netting up to $111 million after expenses according to its latest filing with the SEC.This will be the first security token offering (STO) that is registered with the SEC, allowing everyday investors to legally participate in it.Until now STO’s have typically only...

Bitcoin Hash Rate Hits Record Average High With $12K Price in Sight

As the price of Bitcoin continues to meet resistance passing $12,000, its hash rate has hit a new all-time high.Data from Blockchain.com confirms that on Aug. 15, Bitcoin’s seven-day average hash rate reached a new peak of 129.075 TH/s. The achievement comes after two weeks of fairly stagnant hash rate growth, with the previous record set on July 28.Bitcoin 7-day average hash rate. Source: BlockchainThe hash rate is an estimate of how much...

DeFi Is the Future Says CZ but Centralized Exchanges Remain More Popular

With Decentralized Finance (DeFi) gaining steam, exchanges like Binance find ways to co-exist with innovations like DeFi. Binance Co-Founder and CEO Changpeng Zhao (CZ) said DeFi is an innovative space and investing decentralized exchanges will not be a challenge for regular exchanges. In an interview at the Boxmining Youtube channel, CZ said DeFi makes the space more attractive. In particular, he pointed to automatic market makers (AMM) as a fascinating invention. “I think DeFi is...
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