Top ICOs Raising Funds, Week 39 ’18

Top ICOs Raising Funds, Week 39 ’18

Have a look at the data on several ICO projects of the past week (39 Week of 2018) ranked below in order of money raised: Arizn, PAVOCOIN, Opiria & PDATA and Yumerium

The data is taken from websites with open data, at the moment of publication. The given information helps to grasp an overall dynamics of the market at large. Keep in mind, some data can be updated with delay. If you are an investor, we recommend you to turn to the ICO representative for real-time data.

Arizn (AALT)

arizn.network

Raised funds: 7.3% ($7,784,183)

Arizn is a crowdfunding platform that is built on the Ethereum blockchain. Arizn uses smart-contracts to provide a range of products that offer a stake, equity, asset backed or loan based digital assets in exchange for cryptocurrency funding a campaign on the platform. Ended with $25,000,000 raised.

PAVOCOIN (PAVO)

pavocoin.com

Raised funds: 7.1% ($7,500,000)

The Pavo IoT Platform enables management of farms and gardens for cannabis growers. Ended with $7,570,000 raised.

Opiria & PDATA (PDATA)

opiria.io

Raised funds: 2.8% ($2,941,000)

Opiria & PDATA is a decentralized marketplace to create a passive income stream by selling personal data. Ended with $12,058,000 raised.

Yumerium (YUM)

yumerium.com

Raised funds: 2.4% ($2,500,000)

Yumerium is a blockchain-based, incentivized, open gaming platform. Ongoing, ends in 7 days.

Other ICOs raised 80.5% ($85,378,660) by Week 39

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Are Financial Institutions Really Using XRP or Not Yet in Latest Fact Checking Ripple Video Series

Ripple has been growing in the market as a company that offers services for financial companies and banking institutions. Furthermore, the intention is to integrate Ripple with the XRP digital currency to process cross-border payments. Ripple has recently published a blog post in which the company informed that the RippleNet surpassed more than 200 institutions. However, there are some individuals that are sceptical about these announcements made by Ripple and the real usage of XRP. The YouTube user Crypto Reckoning has recently published a video in the popular social network in which he suggests that XRP is not being used by some companies that seem to have partnered with Ripple. The video is titled “Factchecking Ripple Part 1: Are financial institutions really using XRP?” and there is a part 2 that could be uploaded in the near future. The user behind the video decided to make an investigation related to XRP and its usage by companies in the crypto space. Indeed, he decided to contact companies that apparently were using xRapid and XRP for cross-border transactions. These firms are Cuallix, Mercurey.fx and Catalyst. Marjan Delatinne, the global head of banking at Ripple, said that regulatory frameworks around the world are making it difficult to expand and promote xRapid and XRP. Crypto Reckoning decided to start contacting these companies to see whether they were using Ripple’s technologies. In the video, he reached different support employees that work for these companies and were able to provide the necessary information about remittances. However, none of them knew anything about Ripple or XRP. Crypto Reckoning mentioned on the matter: “It’s hard not to wonder whether Ripple’s executives are selling a false reality, dramatically overstating he scope and significance of these partnerships in order to temporarily pump the price of XRP, which they then sell vast quantities for personal profit.” Nevertheless, the video is not proof that XRP or xRapid are not being used by these three firms. Indeed, there is one firm that he could not reach. One of the employees did not know about cryptocurrencies while the other didn’t show a clear knowledge on this issue. Thus, this video remains inconclusive, even when the user says that he would be presenting more proofs. At the time of writing, XRP is the second largest digital currency in the market. It has a market capitalization of $13.35 billion and each coin can be purchased for $0.325.
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The Walter Mitty School of Reporting: Wrong Doings or Poor Fact Collection as BitMEX Denies Reported Closure of Accounts

BitMEX has, in the past, been involved in a number of controversies, but none of which have been perpetuated and wrongly reported on by a major news outlet. The cryptocurrency exchange reported this week that a recent news report made about that featured a number of significant inaccuracies. For example, the outlet in question reported that the exchange had stated that it would be residential accounts of customers from areas such as the United States as well as the city of Quebec. The report went on to further stipulate that the aforementioned closures were on account of a new wave of regulatory crackdowns. The news outlet responsible for making these allegations was, in fact, Cointelegraph Japan, reported on this unusual, Walter Mitty-style story on Wednesday, 16th of January. While the news in question site isn't solely to blame, due to the fact that the story was published after a number of comments made by a representative member of the BitMEX team. With regards to Cointelegraph Japan, BitMEX continued on to state that as many as six other inconsistent allegations were made about the exchange within its report, which was also published by the South China Morning Post (SCMP), a news outlet based in Hong Kong. The South China Morning Post posted in its story that BitMEX was taking steps in line with new regulatory guidelines to prevent traders that were active in the area of Quebec, which is both a City and a province of Canada, from trading on the platform. SCMP further alleged that this was because of a local regulatory body to the region, issuing the exchange with a letter in early-2018, which threatened legal action due to the lack of legal registration that it had within the region. The organization in question was alleged to have been the Autoritié des marchés financiers (the AMF). According to the article, AMF had disclosed to the SCMP that resident traders on the BitMEX platform had had their accounts suspended and subsequently closed, The South China Morning Post continued on to state that the same regulatory crackdown was coming into effect for resident traders active within the United States. Allegedly, this was in tandem with the growing prevalence of enforcement from the countries securities regulatory authority, the Securities and Exchange Commission (SEC). Citing an otherwise undisclosed range of ‘insider' sources, the report goes on to specify that, while Asia is responsible for the majority of trading activity for BitMEX in terms of transactions and trading volume overall. A close second and major market in its own right would be the United States, making any regulatory clampdown disastrous for the exchange… Were it true. SCMP continues on to cite another range of unsubstantiated and otherwise unnamed sources throughout the article. Going on to estimate that the pool of users operating within the United States made up a total of one-seventh of the total user base of the cryptocurrency coin exchange. The Post goes onto attaching an implicit correlation to the recently mandated account closures and subsequent declines in the overall trading volume on the BitMEX trading platform over the last month. This reportedly resulted in a decline of as much as 50 percent for it. When approached for a comment regarding this report, BitMEX resolutely refuted the claims, informing news reported that the platform had officially ‘banned all US Traders' for a total of nearly four years now. BitMEX spokesman went on to stated that it operated proactively. back in 2015 to close accounts under the guidance from a range of US regulatory agencies, more specifically from the Commodities and Futures Trading Commission (CFTC). The company went on to stress: “BitMEX has always retained the right to close [accounts] where any BitMEX trading participant has given false representations as to their location or place of residence. This has been a normal part of our process.” BitMEX had added that, by the end of 2018, is intended to inform new and existing users of this change in its protocol through adding a range of banners and popups to its platform, so as not to catch and consumers unaware. The coin exchange further added that there was no correlation that existed with regards to the one manifested by the SCMP regarding the increase in closure of American accounts and the subsequent slump in trading volumes, arguing that that the decline in question was down to a range of factors of the time, specifically attributes such as the ongoing market slump in the cryptocurrency space, the resultant volatility in crypto prices, as well as an overall decline in trading volumes across the exchange. When further questioned by Cointelegraph Japan, regarding the AMF's submitted letter and actions against the exchange, regarding the closure of account holders in Quebec, the representative speaking on behalf of BitMEX gave the following response: “Unfortunately, the SCMP article sensationalized what went on with the Authority des Marches Financiers (AMF). The AMF reached out to BitMEX with a request to assist Quebec regulators in identifying and closing accounts from Quebec. Throughout the execution, we kept the AMF updated on progress. And upon completion, the AMF informed us that they were satisfied with the expeditious completion of the request.” The exchange further stated to news outlets, including CT Japan, that within the exchanges terms of service, which has always been concrete in its wording since it was established, based on lists from the US Department of the Treasury, and based off the OFAC (Office of Foreign Asset Control): “Residents of the United States of America or Québec (Canada) are prohibited from holding positions or entering into contracts at BitMEX. Residents of Cuba, Crimea and Sevastopol, Iran, Syria, North Korea, and Sudan, or any other jurisdiction where the services offered by BitMEX are restricted are also prohibited.” BitMEX stressed the point that it is in a state of legal incorporation within the region of Seychelles, and has been for a number of years and not Hong Kong as was alleged by SCMP. The South China Morning Post went so far as to refer to BitMEX as a ‘Hong Kong-based coin exchange' on several occasions. The only way that Hong Kong and BitMEX have been within the same phrase was when it reportedly struck up a partnership with a company that was listed on the Hong Kong Stock Exchange in order to acquire and become a majority stakeholder in the licensed but since native, Japan-based cryptocurrency exchange.
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