Bitfinex launches security token platform regulated in Kazakhstan

Hong Kong-based cryptocurrency exchange Bitfinex is moving into the security token offering (STO) industry by launching a new STO platform regulated in Kazakhstan. Bitfinex Securities, Bitfinex’s blockchain-based investment product provider, has launched its investment exchange regulated in Kazakhstan’s national financial hub, the Astana International Financial Center (AIFC), the firm officially announced on Monday. The new STO platform will operate under the AIFC Fintech Lab, a regulatory sandbox established in the AIFC by the Astana Financial Services Authority to support development in the financial industry. Bitfinex Securities chief technology officer Paolo Ardoino told…

FTX Token hits new record up 50% so far in September — What’s driving FTT price higher?

FTX crypto exchange’s native utility token, FTT, reached a new record high on Monday a week after it agreed to acquire LedgerX, a United States-based crypto derivative platform, for an undisclosed sum. On Monday, the FTT/USD exchange rate surged 16.37% to $73.99 in a market-wide rally that saw other top coins post similar but dwarfed price rallies. Additionally, the pair’s intraday climb coincided with gains among top exchange tokens, with Binance Coin (BNB) rising 2.3% and Uniswap’s UNI recording 3.5% profits on a 24-hour adjusted timeframe.  24-hour performance of the…

Expanding ecosystem and LedgerX acquisition send FTX Token (FTT) to a new ATH

Real-world adoption and brand awareness are one of the best ways for a blockchain project to increase its value and attract new users to users to its ecosystem.  One project that has seen massive growth throughout 2021 thanks to its increasing public exposure and exciting protocol launches and partnerships is FTX, a crypto-derivatives trading platform founded by Sam Bankman-Fried and Gary Wang. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low near $50 on Aug. 31, the price of FTT catapulted 42% higher to a new…

Pantera-backed Braintrust launches token on Ethereum mainnet

Decentralized talent network Braintrust has officially launched its BTRST token on the Ethereum mainnet, setting in motion a new governance framework as it aims to drive mass enterprise adoption of its services.  The project launched publicly in June 2020 and has now generated $31 million in gross services revenue, up from $3.5 million during the time of the unveiling, Braintrust announced Wednesday. Since June of last year, Braintrust’s community has tripled in size, boasting enterprise clients such as Goldman Sachs, American Eagle Outfitters, Atlassian, Porsche, Under Armour and Wayfair. The…

Surge in activity and token prices show ‘DeFi Summer 2.0’ already started

After a blistering start to 2021 saw token valuations and trading volumes surge to ignite the current bull market, the DeFi sector as a whole took a break while the NFT sector stepped into the limelight. While investors’ attention was elsewhere, DeFi prices have had time to consolidate and project developers were able to focus on protocol upgrades and in the past month, DeFi-related tokens have been gaining traction and look poised for a breakout in September.  DeFi Index perpetual futures 4-hour chart. Source: TradingView Data from Cointelegraph Markets and…

Nomura offers customers token subscription service for a luxury Italian restaurant

Japan’s largest financial brokerage, Nomura Holdings Inc., has launched a subscription service offering customers the opportunity to purchase and trade food dishes at a high-end Italian food delivery service. The blockchain-based security tokens represent four luxury food parcels from Japanese chef Masayuki Okuda. Owner of two established restaurants in the capital, Tokyo, Okuda is known for his idiosyncratic cooking style, often presenting his clients with niche delicacies, including olive-fed beef and zusayama chicory. Annual subscriptions to the Italian restaurant cost 60,000 Japanese yen, which is equivalent to $546, in addition…

Microsoft wins US patent for ‘ledger-independent token service’

American tech giant Microsoft has won a blockchain-related patent for techniques for implementing a cross-chain token management system. The United States Patent and Trademark Office (USPTO), the agency granted the patent to Microsoft’s subsidiary Microsoft Technology Licensing on Aug. 24. Filed in February 2019, the patent describes a “ledger-independent token service,” or a software service enabling individuals and organizations to create and manage tokens across multiple distributed ledger networks and platforms.  Examples of such platforms in the patent filing included major blockchain platform Ethereum, IBM-backed Hyperledger Fabric, JPMorgan’s enterprise blockchain…

Mark Cuban-backed Alethea AI closes $16M private token sale

Nonfungible token protocol Alethea AI has closed a $16 million private token sale to build scalable infrastructure for the NFT market, highlighting once again the growing demand for digital collectibles. Billionaire investor Mark Cuban was among the backers of the Alethea AI token sale, which was co-led by Metapurse and Crypto.com Capital. Some of blockchain’s biggest venture funds participated in the sale, including Alameda Research, Multicoin, Galaxy Interactive, Dapper Labs, LD Capital, Gemini Frontier Fund, Borderless Capital and others. Individual investors included CoinShares’ Meltem Demirors and Haseeb Qureshi of Dragonfly…

5G blockchain company raises $111M in Andreessen-led token sale

Helium Inc., a provider of decentralized wireless infrastructure, has concluded a $111 million token sale led by some of the biggest venture firms in the blockchain industry.  The sale, which centered around Helium’s native token, HNT, was scooped up by several venture capital firms, including Andreessen Horowitz. Alameda Research, Multicoin Capital and Ribbit Capital also contributed, according to BNN Bloomberg. General partner at Andreessen Horowitz Ali Yahya told Bloomberg that new cryptocurrency protocols like Helium will “challenge centralized incumbents” and compete with bigger telecommunication service providers. Yahya tweeted Tuesday that…

Major Turkish sports club Fenerbahçe issues fan token on Ethereum

Fenerbahçe S.K., one of the three biggest sports clubs in Turkey, issued its own fan token on the Ethereum blockchain through a new partnership with the local crypto exchange Paribu. The initial presale of 500,000 unlocked tokens was completed on Aug. 9, netting the club 15 million lira ($1.75 million) in 30 seconds. The club announced that the Fenerbahçe Token would have a maximum supply of 190,700,000 tokens in reference to 1907, the year Fenerbahçe was established. According to the project’s white paper, a total of 117 million treasure tokens…