BlockportBlockport BPS STO news

Blockport is an Amsterdam-based, fiat-to-cryptocurrency trading platform that strongly focuses on usability and social trading features to provide a secure, efficient and enjoyable experience to its users. On the 15th of April 2019, Blockport is launching a Security Token Offering (STO) to raise capital that will fuel the platform’s growth and international expansion.
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Dutch Crypto Exchange, Blockport, Shuts Down After a Failed STO, Vows to Come Back

A crypto exchange based in Amsterdam, Netherlands, has shut down its operations due to lack of operating capital but has vowed to return soon. Blockport announced that it was scaling down its operations after its security token offering (STO) did not meet the expected results. The Next Web reports that the company was declared bankrupt […]
Bitcoin Exchange Guide

Dutch Crypto Exchange Files for Bankruptcy

The Next Web reported on June 4 that Dutch crypto exchange Blockport declared bankruptcy following a Security Token Offering… The post Dutch Crypto Exchange Files for Bankruptcy appeared first on Invest In Blockchain.
Invest In Blockchain

Crypto Exchange Blockport Bankrupt After STO Fails to Meet Expectations

Amsterdam-based crypto exchange Blockport is facing uncertainty and has declared bankruptcy after its security token offering (STO) failed to meet minimum expectations, ending up in disaster. Blockport Files for Bankruptcy After STO Failure Between April 16 and May 15, Blockport launched a token sale in which the exchange sought to raise $5.62 million, but things didn’t turn out as planned. The company’s Chief of Product and Founder Sebastiaan Lichter announced last month through a blog post that the STO project failed to hit its soft cap of $1.13 million. Shortly after, Blockport filed for bankruptcy, but ... ﾿ Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
Crypto Currency News

Blockport Declares Bankruptcy after Failing to Raise Sufficient Capital

After failing to meet the $1.13 million soft cap for their Security Token Offering (STO), Blockport has declared bankruptcy and will scale down their plans as they cannot achieve their desired growth trajectory. Blockport raised $15 million in an ICO in January 2018 and has since struggled to pick up any traction. The native token,Read MoreRead More. The post by Ashwath Balakrishnan appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
BTC Manager

A Month in Review – May 2019

Digital Securities May presented as a mixed bag for digital securities.  While cryptocurrencies and blockchain, as a whole, saw continuing positive trends, digital securities floundered slightly.  Despite this, there was no shortage of positive developments seen.  Read on to learn more about this industry progression through or original coverage and interviews. Partnerships Various partnership were announced throughout the month of May.  These ranged from usage of consultation services, to custodial solutions.  The following articles demonstrate multiple key partnerships furthering the sector. DigiMax to Consult During Leonovus Security Token Offering Copper to Provide Security Token Custodial Services to SWARM Licensure / Regulations iSTOX, a Singaporean capital markets platform, was granted admittance to a FinTech Regulatory Sandbox. A product of the Monetary Authority of Singapore, the sandbox will play a pivotal role in iSTOX achieving full regulation in the future. MAS FinTech Sandbox Welcomes Capital Markets Platform ‘iSTOX’ Failure to Launch While plenty of good news was delivered through may, there is no denying that multiple letdowns occurred as well.  These came in the form of reduced investments and cancelled security token offerings.  Read on to learn about these events, and the companies affected by them. GSR Capital Reduces tZERO Investment by Over $390million Blockport STO Fails to Gain traction – Platform to Shutdown In Other News Vertalo, the cap-table specialists, caught our attention on multiple occasions over the month of May.  This U.S. based company saw, not only the continued adoption of their services, but announced the release of their V-Token software. Dave Hendricks, CEO of Vertalo, states, “The current high cost of tokenization is the main impediment to widespread adoption and roll out of digital assets.  Today, Issuers who are interested in digital approaches are being asked to spend hundreds of thousands of dollars to design and produce tokens before they have successfully raised capital.  The unit economics need to change.” Vertalo to Provide Vital Services to seriesOne Vertalo Releases V-Token Software for Usage During Tokenization Interviews Remy Jacobson, CEO of RealT RealT is a recently launched crowdfunding platform, with an eye on real estate.  CEO, Remy Jacobson, spoke with securities.io about their goals, and how they plan on attaining them. Read More Syed Hussain, CEO of Liquidity This blockchain based, fintech firm, has set their sights on developing a comprehensive investment platform, serving the ‘digital economy’.  With years of experience surrounding blockchain, CEO, Syed Hussain, took the time to discuss this project and how it will change digital securities. Read More The post A Month in Review – May 2019 appeared first on .
Securities.io

Crypto Exchange Bankrupt After Blockport STO Ends in Utter Disaster

By CCN: Amsterdam-based cryptocurrency exchange Blockport has declared bankruptcy after its security token offering (STO) flamed out in disastrous fashion. Blockport launched a token sale between April 16 and May 15, in which the crypto exchange sought to raise €5 million ($5.62 million). But it didn’t work out as planned. Crypto Exchange Token Crashes 93% After STO Announcement In a blog post last month, Blockport Founder and Chief of Product Sebastiaan Lichter announced that the project’s STO failed to reach the minimum threshold of €1 million ($1.13 million). In the same announcement, Lichter stated that all token sale participants would The post Crypto Exchange Bankrupt After Blockport STO Ends in Utter Disaster appeared first on CCN
CCN

Blockport STO Fails to Gain Traction – Platform to Shutdown

Failure to Launch On a disappointing note, Blockport has announced the cancellation of their ongoing security token offering. After launching the event, roughly 1 month ago, the team has indicated that they have failed to attract their minimum threshold of investments. This comes as a letdown to the industry, as Blockport represented one of the first security token offerings to be offered through the Tokeny platform. To date, only a handful of STOs have taken place through ANY issuance platform. Future Aspirations While Blockport will be returning investments to the few participants in their STO, they have indicated that this is not the end for them. Their intent is to scale back operations in the short term, reflect, and establish a path for future growth. This means that the platform will be shutting down in the coming weeks, revering to a ‘development mode’. Commentary Blockport CEO, Sebastiaan Lichter, elaborated on the cancellation in a statement to the public. The following is what he had to say on the matter. “In the past few months our team has worked extremely hard to launch the first round of our STO, and yesterday this ended after being open for almost one month…In short, the results of the fundraise are not sufficient to proceed with the issuance of BPS tokens.” Despite this, Sebastiaan Lichter remained confident in the future of blockchain. He continued, “We still see a lot of opportunities in this industry and have built a top performing trading platform that many people love to use and which has had almost zero downtime or issues since we launched it in the summer of 2018…Whilst developing our platform, our goal is to explore opportunities that support a restart of the Blockport platform in the future.” BlockPort Operating out of Amsterdam, Blockport is a Dutch company, which was launched in 2017. Under the watch of CEO, Sebastiaan Lichter, Blockport has developed and launched a trading platform, tailored toward, both, utility and security tokens. The security token offering, discussed here today, was launched through the Tokeny issuance platform, on March 31st, 2019. Tokeny Tokeny is a Luxembourg based company, which was launched in 2017. Above all, Tokeny acts as an issuance platform, providing companies with solutions for the tokenization of assets. Tokeny was responsible for facilitating the Blockport STO – For their part, the event went off without a hitch. In Other News While the failed STO is an unfortunate situation, BlockPort is by no means alone. For a variety of reasons, there have been various deals to have fallen through in the past few months. The following articles detail a couple of these situations. Harbor Cancels Convexity Properties STO Due Diligence Process Delays tZERO Investment The post Blockport STO Fails to Gain Traction – Platform to Shutdown appeared first on .
Securities.io

A Month in Review – Secondary Markets, Partnerships, Licensure, and More

Digital Securities April saw overall industry development and adoption come at a steady pace.  As we close out the month, the digital securities sector remains ripe for the picking, as various companies jockey for positioning within it.  Here are a few articles, detailing how each of these companies have fared over the past 30 days.  As always, we bring you original, and exclusive, content through interviews and thought pieces. Partnerships Tokeny had a busy month, with multiple partnerships commencing along the way.  By providing potential issuers with a framework for token issuance, Tokeny appears to be gaining steam through adoption of their services. Blockport STO Commences through Tokeny Digital Securities Alliance formed by Tokeny and DLA Piper Which Blockchain is the Right Blockchain? As of today, companies are spoiled when it comes to their choice of blockchains.  There are a variety of potential winners that have the ability to underpin activity within digital securities.  This large selection of projects was evident this past month, as various companies each turned to different blockchains to service their needs. Societe Generale SFH turns to Ethereum for Issuance of Security Token Stellar Chosen by Wevest for Security Token Offering Platform Licensure SeedInvest, a New York based subsidiary of Circle, was granted a license to operate an ATS.  This licensing came from FINRA, a regulatory body, governing US based brokers/dealers.  While the licensing itself does not allow for secondary market trading of digital securities, this is a big step towards achieving that goal. FINRA Grants ATS Licensure to SeedInvest Secondary Markets In a bid to tackle the goal of offering secondary market trading, AlphaPoint and Elevated Returns partnered this month.  Their plan is to ‘make illiquid assets liquid’.   What is unique about their plan, is that this secondary market will specifically trade digital securities backed by real-estate. AlphaPoint and Elevated Returns to Develop Secondary Market Regulation Many nations around the world are actively working to establish clear regulations around the digital security sector. One such nation is the island nation of Mauritius. This month saw the Mauritius Financial Services Commission (FSC) issue guidance notes on their view of security token offerings. Mauritius FSC Releases Guidance Note on Security Token Offerings A Look Forward The month of May stands to be another positive month for the industry. This coming month will see the launch of various STOs, which we will detail in the coming weeks. Further to this, the entire cryptocurrency industry has been experiencing a modest amount of growth, causing many to speculate that ‘crypto winter’ may be over. While we keep a focus on digital securities, the industry is still subject to influence by the overall markets, as both the digital securities sector and cryptocurrencies are intimately linked for the time being. This means that, for now, positive growth seen in one area will lead to positive growth in the other. The post A Month in Review – Secondary Markets, Partnerships, Licensure, and More appeared first on .
Securities.io

Blockport Partners with Tokeny on STO

The hybrid decentralized exchange Blockport announced the official start of its highly anticipated STO. According to a recent press release, Blockport will commence the first stage of its STO on April 5th.  The firm seeks to raise €5 million in funding from both US and European investors. If successful, Blockport will continue their fundraising campaign across three stages. These stages will range from private, to public STOs. The firm has set a total goal of €30 million for the campaign. Investors from both the US and the EU can invest in the STO with one exception. Only accredited US-investors may participate in the event. Blockport Securities Blockport investors will receive security tokens called Blockport Securities. These tokens are fully compliant and directly linked to company shares. Consequently, token holders receive economic rights and dividends from their investment. These tokens remain fully compliant throughout its life cycle. Consequently, Blockport Securities tokens cannot be transferred without first meeting the current securities regulatory requirements. Tokeny Blockport partnered with the token launch platform Tokeny to ensure token compliant. Tokeny will issue these security tokens using its native T-REX standard. T-REX tokens are similar to ERC-20 tokens but with additional regulatory requirements integrated directly into the tokens protocol. Tokeny via Homepage 2 T-REX The T-REX token standard entered the market in December 2017. T-REX tokens utilize a specific set of optimized tools to allow for the interoperable, frictionless and compliant transfer of tokenized securities. Speaking on the decision to utilize Tokeny, Blockport’s CEO, Kai Bennink explained why Tokeny was the perfect fit. Bennink pointed out Tokeny’s proven record of success in the market. He took a moment to praise the platform. During his interview, he called Tokeny a “renowned institution.” He described how Tokeny’s network and experience made the firm an easy choice. Now, Tokeny will oversee the entire Blockport STO utilizing a combination of systems including: Identity Management Validation Certificates Transfer Management Tokeny’s CEO, Luc Falempin, also spoke on the strategic partnership. He described how the new venture expands Tokeny’s reach further into the European market. Notably, he took a moment to explain why tokenized securities are better than their traditional counterparts. Falempin highlighted how tokenized securities offer more private opportunities to a wider pool of investors Blockport The Blockport exchange is licensed and regulated out of Amsterdam. This exchange allows European investors to purchase cryptocurrency directly using euros. The platform is available in both desktop and mobile versions. Blockport users are privy to a number of unique features including auto-pilot. In the auto-pilot mode, your account follows the professional investor of your choosing. Here, new investors can gain insight and profits as they learn how to further their trading strategies. A Pro-Crypto EU As one of the first, and only, fully-licensed EU crypto exchanges to offer fiat-to-crypto services, Blockport holds an important position in the market. Company officials now seek to expand the platform to better serve the growing number of European crypto investors emerging in the market. You can expect to see big things from this development team as the year progresses. The post Blockport Partners with Tokeny on STO appeared first on .
Securities.io

Blockport Launches First Security Token Offering Targeting Retail Investors in Europe

Coinspeaker Blockport Launches First Security Token Offering Targeting Retail Investors in EuropeThe first round will take place on 15 April and they are aiming to raise EUR 5M from investors in Europe and the United States. The round is part of Blockport’s wider strategy to raise between EUR 15M and EUR 30M in multiple stages. The security token, Blockport Securities (BPS), represents a depositary receipt or certificate for a corresponding share and entitles holders to applicable dividends payments. It is the first compliant STO targeting retail investors in Europe. The tokens will be issued using Tokeny’s T-REX (Token for Regulated Exchanges) standard.Kai Bennink, Blockport Founder & Chief Strategy, talked about issuing the security with Tokeny,“We’re working with Tokeny since they’re one of the leading issuance platforms in the industry and one of the few that have helped multiple companies successfully issue security tokens. Besides the technical side, Tokeny has a strong partner network and they can connect us with all the necessary parties needed to issue a complaint STO.”Tokeny CEO, Luc Falempin commented,“One of the key benefits of tokenized securities is that when compared to traditional methods, they bring private opportunities to a significantly wider pool of investors. The Blockport offering is truly cross-jurisdictional, and will allow retail and qualified investors from the European Economic Area and accredited investors from the United States to participate. This opens up the opportunity for Blockport to access new investors and the potential for a worldwide investor base.”Blockport will issue their token in the United States under Rule 506(c) under Regulation D of the United States Securities Act of 1933 to accredited investors and a separate offering to investors in Europe and other participating countries. The STO symbolises Blockport’s ambitions to expand into the United States and further solidify its position in Europe.More information on the STO can be found by following this link:https://blockport.io/stoAbout TokenyThe Luxembourg based fintech company is the market-leader in delivering an institutional grade, secure end-to-end platform, allowing for the issuance and servicing management of digital assets.Tokeny utilizes the T-REX (Token for Regulated EXchanges) infrastructure to ensure compliance from the issuance of tokenized securities to their lifecycle management. Tokeny provides technical solutions to onboard investors, manage corporate actions such as dividends, voting, and announcements. Their solutions ensure continuity with regards to KYC and AML compliance checks, ensuring all participants are eligible for the investment.Tokeny’s solution leverages blockchain technology and couples it with decades of experience from the traditional securities world. Tokeny utilizes this background to make the participation of any contributor in a security token offering transparent, accessible, and completely secure.About BlockportBlockport is launching its first equity-based fundraising round through a Security Token Offering (STO), launching on the 15 of April 2019.Blockport is an Amsterdam-based, fiat-to-cryptocurrency trading platform that strongly focuses on usability and social trading features to provide a secure, efficient and enjoyable experience to its users.The Blockport platform is connected to external exchanges and aggregates liquidity through its smart-order-routing system to automatically offer the best prices to its users. In the coming year, Blockport is building on a hybrid-decentralized architecture that allows users to trade with high performance, whilst safely storing their funds on a blockchain wallet, meaning they own their private keysBlockport Launches First Security Token Offering Targeting Retail Investors in Europe
Coinspeaker

Interview With Crypto Exchange Blockport About Their Business And STO

Blockport is the first social cryptocurrency exchange, bridging the traditional world of finance with the new digital economy The article Interview With Crypto Exchange Blockport About Their Business And STO was first published on Security Token Network.
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Fan tokens draw new users to crypto with the latest club addition, AS Roma

Blockchain is stepping further into the sports arena, as cryptocurrency company Socios partners with soccer team AS Roma to offer a fan token, according to a statement from the club.  The token will find its way to fans through the Socios app. There, it'll be tradeable against the Socios native token, $CHZ, currently listed on BitMax and KuCoin, as well as Binance DEX - Binance's decentralized exchange. The tokens are accessed on Socios.com, but housed on a separate permissioned side chain, where each club becomes a Node with Proof Of Authority (POA) from $CHZ. In order to access the club token through a Fan Token Offering, fans must first hold $CHZ. The move could open crypto to a wider user base, since the tokens allow fans to have a voice in their club. The tokens five supporters the right to vote on certain club decisions. They'll be set at a price of two euros, but fans can also earn them by interacting with AS Roma on the Socios app. Fans can also "hunt" tokens for free through the app's augmented-reality geo-location feature Token Hunt. However, AS Roma isn't the only club interacting with fans through crypto. Indeed, clubs from different leagues including Paris Saint-Germain, Juventus and West Ham United have all created fan tokens for supporters. Alexandre Dreyfus, chief executive & founder of Socios.com, said AS Roma's fan base along with other participating clubs draw hundreds of millions of users.
The Block Crypto

What does it take to be part of the next wave of Bitcoin Billionaires? Tim Draper answers

As crypto ecosystem consistently redefines its new peak in terms of adoption, fiat investors and new players are seeking opportunities to be a part of the next wave of Bitcoin Billionaires. One of the early birds, Tim Draper leads this space in terms of making sizable investments and returns in Bitcoin. Having complete faith in Bitcoin’s […] The post What does it take to be part of the next wave of Bitcoin Billionaires? Tim Draper answers appeared first on AMBCrypto.
AMBCrypto

Bitcoin Law Review - Blockstack's Reg A+, CFTC vs Bitmex, Gov't vs Libra/Crypto

https://ToneVays.com by @ToneVays https://twitter.com/ToneVays Topic 1: Reg A+ & Blockstack https://www.sec.gov/Archives/edgar/data/1719379/000110465919020748/a18-15736_1ex1a15addexhbd6.htm https://www.theblockcrypto.com/2019/07/12/blockstack-garners-reg-a-approval-but-that-doesnt-mean-crypto-icos-will-boom/ Leads into Topic 1a on Broker-Dealers & Custody https://twitter.com/philipliu/status/1149907881061302272?s=12 https://www.sec.gov/news/public-statement/joint-staff-statement-broker-dealer-custody-digital-asset-securities https://bitcoinmagazine.com/articles/op-ed-latest-finra-sec-security-token-custody-rules Topic 2: Government vs Libra/Crypto https://twitter.com/realDonaldTrump/status/1149472282584072192?s=09 https://www.cnbc.com/2019/07/18/first-on-cnbc-cnbc-transcript-treasury-secretary-steven-mnuchin-speaks-with-cnbcs-squawk-box-today.html https://www.cnbc.com/2019/07/18/mnuchin-says-us-will-ensure-bitcoin-doesnt-become-like-anonymous.html https://www.cnbc.com/2019/07/18/first-on-cnbc-cnbc-transcript-treasury-secretary-steven-mnuchin-speaks-with-cnbcs-squawk-box-today.html https://brianoflondon.me/2019/07/facebook-lied-about-the-cryptocurrency-industry-to-destroy-it/ https://www.youtube.com/watch?v=9-ZTkCNW0w8 https://www.cnbc.com/2019/07/16/i-like-bitcoin-says-house-gop-leader-mccarthy-hits-facebook-libra.html Topic 3: Crypto Exchanges https://www.bloomberg.com/news/articles/2019-07-19/u-s-regulator-probing-crypto-exchange-bitmex-over-client-trades https://twitter.com/notsofast/status/1151864421414838274?s=21 https://www.coindesk.com/ex-ceo-of-crypto-exchange-wex-arrested-in-italy https://www.coindesk.com/mt-gox-founder-hit-with-lawsuit-over-alleged-fraudulent-misrepresentation https://www.scribd.com/document/414569311/Steinmetz-Jones-v-s-McCaleb#from_embed https://www.thedailybeast.com/behind-the-biggest-bitcoin-heist-in-history-inside-the-implosion-of-mt-gox?ref=scroll Topic 3a - Update on Bitfinex vs NYAG https://ambcrypto.com/new-york-ags-court-filings-written-in-bad-faith-and-riddled-with-false-assertions-says-bitfinexs-rebuttal/ https://www.coindesk.com/bitfinex-ny-prosecutors-tether-850-million-allege https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=vIexA1b0spKOnK_PLUS_ZUGTJ3A==&system=prod https://breakermag.com/crypto-capital-is-the-common-thread-between-bitfinex-quadrigacx-and-other-troubled-exchanges/ https://decrypt.co/6824/crypto-capital-follow-up-article Topic 4: Crypto & Taxes (Time Permitting) https://www.carltonfields.com/insights/publications/2019/how-state-remote-sales-and-use-tax-statutes-may-im https://twitter.com/cryptotaxgirl/status/1148370522775797760?s=21 Topic 5: Other - Time Permitting https://www.journalofaccountancy.com/news/2019/jun/virtual-currency-not-fbar-reportable-201921479.html https://www.justice.gov/usao-sdny/pr/us-attorney-announces-arrest-and-money-laundering-charges-against-dark-web-narcotics https://cryptoslate.com/chinese-court-upholds-legal-bitcoin-ownership-btc-protected-china-property-law/ Closing Moment of Zen: https://twitter.com/Horsebox_1/status/1117955111219867648 Honorable Mention: https://www.sec.gov/corpfin/framework-investment-contract-analysis-digital-assets Please Support via Affiliate Codes: Unlimited Trading for $9 a Month at LVL: https://lvl.co/?r=kDpHhBmS Deribit to save 10% on Trading: https://www.deribit.com/reg-3221.4686 Buy/Sell Bitcoin at Paxful: https://paxful.com/?r=or4dNEDBBQX Trading View: http://tradingview.go2cloud.org/aff_c?offer_id=2&aff_id=4905&url_id=3 TorGuard VPN 50% off code & link = tone50: https://torguard.net/aff.php?aff=3782 Ugly's Lifetime Subscription: https://uglyoldgoat.com/?rid=4xyuzu Audio Podcast: https://itunes.apple.com/us/podcast/the-tone-vays-podcast/id1390209454?mt=2 See Regulation overview in each state here: https://www.carltonfields.com/state-regulations-on-virtual-currency-and-blockchain-technologies/ Tone Vays is available for Corporate Consulting at the rate of 0.3 btc per hour. Please email Tone@protonmail.ch for additional info.
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