ICO hotline

Huobi seeks a reverse takeover and China sets up an ICO reporting hotline

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Sponsored by   August 28, 2018 HIGH STAKES: Cryptocurrency exchange Huobi is moving to buy a majority stake in a publicly-traded firm called Pantronics Holdings. The $77 miilion deal is designed to get Huobi roughly 73 percent of Patronics' shares and, through a reverse takeover, a listing on the Hong Kong Stock Exchange. Full Story  ONE STEP CLOSER: British Kingdom Trust, a qualified custodian of 30 cryptocurrencies and tokens and an underwriter in Lloyd's insurance marketplace, will provide coverage for theft and loss due to natural disaster. Traditional insurers are cautiously moving toward working on crypto-related issues, and the century-old Lloyd's is one of the more not-so-public examples. Full Story ICO HOTLINE?: The China National Internet Finance Association (NIFA), a self-regulatory organization founded by the People's Bank of China (PBoC), is now allowing people to report token sales to the government, which banned the blockchain funding model in 2017. Full Story Ninety-eight cents: that was bitcoin's average transaction fee yesterday. Transaction fees on blockchain networks provide two functions. They: 1) Incentivize miners to batch transactions 2) Allow transactors to give their payments higher priority. Bitcoin fees have been trending increasingly downward, from a high of $62.50 on December 22, 2017, to a low of $0.49 on August 12, 2018. What this shows is that, over time, it has become more affordable to use the bitcoin blockchain. For more research insights check out the CoinDesk Research section here. SPONSOR SECTION   Join us in Singapore on September 19-20 for two days of content focused on blockchain development in the APAC region. Beyond just Consensus, there are five other technology events that you can attend with your TechXLR8 ticket. Save 40% by using the code CONSENSUS40. ​Register Here   BULLISH: Bitcoin broke past $7,000 on Tuesday, and as of time of writing is still trading above that key psychological level. What's more, the most recent technical charts signal a possible rising trend. Full Story  BEST OF THE BEST MOTHERBOARD: Has the the world's oldest blockchain been hiding in the pages of the New York Times? Cryptographers Stuart Haber and Scott Stronetta came up with a method of timestamping digital documents to verify their authenticity, according to this profile from Motherboard. THE REST CRUNCHBASE: The falling price of ether, a growing number of failed crypto-startups and a shifting regulatory environment have led to a cooling down of the overheated ICO market, the outlet writes.  ENTREPRENEUR: Friendlier shores in the United Kingdom, Canada or Australia? The combination of a strong judiciary, welcoming regulations and access to capital makes these places especially crypto-friendly, SALT Lending's Benjamin Yablon believes.   FAST COMPANY: The magazine paints an ironic image of the main actors of the crypto scene: the evangelists, coin kings, hustlers, brazen opportunists, skeptics, enlightened old guard, and others.      We've launched our new podcast, Late Confirmation, which are the top stories in the blockchain world, delivered daily from the team at CoinDesk, sponsored by the Oxford Blockchain Programme.  Listen to Latest Episode and Subscribe   WHO WON #CRYPTOTWITTER   ConsenSys Jobs Blockchain Jobs Circle Jobs BitGo Jobs Copyright © 2018 CoinDesk. All rights reserved. Our mailing address is: 636 Avenue of the Americas New York, NY, 10011, US Want to change how you receive these emails? You can update your preferences or unsubscribe from this list