Friday, March 6, 2020

INX IPO

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March 6, 2020
BIGGEST IPO: INX has entered the home stretch for its $130 million initial public offering, potentially the largest registered securities sale by a company in the blockchain sector. The cryptocurrency and security token exchange startup looks to be targeting an April launch date for the IPO. Full story 

NOT OVER YET? While the Indian cryptocurrency industry has won a court battle against the central bank, the war may not be over. The Reserve Bank of India – which cut off crypto firms from the country's financial system in April 2018 – plans to appeal the Supreme Court's decision to overturn the ban. Full story

PROG ROCKS COMMUNITY: What do we talk about when we talk about progressive proof-of-work (ProgPoW)? On the surface, ProgPoW is a proposed update to Ethereum that would theoretically favor less well-resourced miners. At its core, though, ProgPoW has become a flashpoint for how the second largest blockchain makes big decisions. CoinDesk's Brady Dale dives into the debate.

FABRIC RETAILERS: Major apparel brands from Nike to Macy’s are turning to blockchain to better share product data. Those retailers and others ran Hyperledger Fabric nodes on a slice of their mammoth supply chains for a study and found the tech a promising way to track goods. Full story

DEFI REVIVED: Lenders and depositors are coming back to bZx after two successful hacks of the decentralized margin trading protocol. The total number of ETH locked in bZx increased 20 percent Wednesday, after the protocol increased its yields for lenders above competitors. Full story

FRAUD WARNING: Scammers have been sending fake versions of CoinDesk's daily newsletter to try to trick recipients into visiting a suspicious "XRP giveaway" site. If you received this message, which copied our logo and design and even used our executive editor's name in the "from" field, know that it did not come from us. (Note that the actual sender's address is not a CoinDesk.com domain.) Please forward to fraud@coindesk.com and nik@coindesk.com, and block the sender if received.  
LOOKING UP: With prices holding above $9,000, the path of least resistance for bitcoin tends to the higher side. The cryptocurrency may extend gains to $9,300, given short duration indicators have turned bullish, backing the price breakout seen on Thursday. Full story
 
MYTH BUSTING: There’s a myth that women are less likely to be interested in bitcoin than men. The reality is people with higher income levels have a greater propensity for cryptocurrency, and women still earn significantly less than men.  Catherine Coley and Denelle Dixon, CEOs of Binance US and the Stellar Foundation, respectively, join CoinDesk's Leigh Cuen to debunk this and other myths about gender for International Women’s Day. Listen in

WHO WON #CRYPTOTWITTER

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