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Russia’s Hydra Darknet Marketplace Plans $146M Token Sale


According to regional reports, the Russian darknet market Hydra is planning an initial coin offering (ICO) in order to expand the marketplace internationally. The sale is set to start on December 16 and Hydra administrators hope to raise $146 million from the token sale. Also read: Regulatory...

US Government Worried Crypto Can Shift Power to Private Sector


Cryptocurrency is one of the top issues for the U.S. Treasury. Particularly, the Treasury is worried decentralized cryptocurrencies can shift some functions away from the government to the private sector and raise the issue of self-government, according to Deputy Secretary of the Treasury Justin...

Ant Financial Plans to Raise $1 Billion Fund for New Start-ups


Alibaba founder Jack Ma, owned Ant Financial, is making plans to attract around $1 billion in investment for a fund aimed at startups in Southeast Asia and India. According to a source, the company looking to invest in startups that are focused on markets in which mobile internet is growing...

Bitcoin Mining Equipment Giant Canaan Fails to Raise USD 100 Million


The second largest producer of Bitcoin mining equipment, China-based Canaan, has finally completed its initial public offering (IPO) after the third attempt, raising less than estimated. While many have estimated that the company will raise USD 100 million at a USD 1.6 billion market...

BitOrb Exchange Raises $6.4 Million


The BitOrb Exchange has successfully secured its funding round, raising a total of USD 6.4m. The round was led by the W-Rex Algo Trading Platform a product of the Wota Group.Additionally, the Wota Group will act as a strategic partner and help the BitOrb Exchange grow its network of traders, user...

Stellar Exhibits a Hike of Nearly 3% Today; Will XLM Raise Its Bar?


Stellar price movement has been hasty from the last couple of days. The coin first jumped to an astounding level at $0.085, and then the currency was seen tremendously falling. Today, the XLM coin price is seen slightly recovering. The price of Stellar is at $0.07310. Stellar Price Prediction...

Avalon Mining Rig Maker Canaan Files for $400M IPO on Nasdaq


Mining rig manufacturer Canaan has filed for an IPO with the U.S. Securities and Exchange Commission to raise $400 million on the Nasdaq Global Market. Prior to this filing, the company had also attempted to go public in Hong Kong and China. Credit Suisse and Citigroup are among its underwriters....

Bank of Lithuania Issues Guidelines on Security Token Offerings


Recognizing that businesses are seeking alternative ways to raise capital other than bank lending, the Bank of Lithuania has issued new guidelines on security token offerings. The goal is to clarify applicable rules without introducing more regulations. Also read: Mario Draghi Leaves European...

Shots Fired as Nancy Pelosi Challenger Bacelar Funds Campaign With Crypto


27-year-old Agatha Bacelar is a Brazilian-American immigrant from a STEM background, and she’s targeting Speaker of the House Nancy Pelosi’s seat in the California Congress (CA-12) in the next election cycle. Her campaign is seeking to raise $1 million in crypto (BTC, BCH, ETH, LTC...

Protests Led RBI to Raise PMC Bank’s Withdrawal Limit


The Reserve Bank of India has relaxed the withdrawal limit of 1,000 rupees (approximately $14) it placed on a cooperative bank a couple of days ago. The central bank said it aims to reduce the hardship of depositors after many heavy protests followed its original order. Also read: Panic at 137 Bank...

Yuan Weakness Forces Tesla To Raise the Prices of Its Cars in China


It has been a bit an up and down year for Tesla so far as the company recovered from an abysmal start to the year by eventually posting record deliveries in the second quarter. However, the challenges that the company has been facing over the course of the past quarters have proven to be highly...

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