ICOs Have Attracted More than $5 Billion in 2017

According to the statistics provided by ICOData, a total amount of investments attracted by means of Initial Coin Offering has exceeded $5,3 billion from the beginning of 2017 and a total number of companies that decided to hold an ICO reached 768.

Investors were especially interested in ICO projects in June. In May ICO collected $199,6 million whereas in June this number was already $648 million. However, then the market decreased, having attracted only $353 million in August.

December appeared to be the most successful month for ICO projects in 2017. The amount of investments that companies attracted running their ICOs has exceeded $963 million. In november it was $951 million and in October — $886,6 million.

Depository Network: The Common Thread Between Traditional Lending And Blockchain

Are you ready for another revolutionary project that solves a bunch of issues for crypto users? If so, then, make yourself comfortable and enjoy the world’s first decentralized multi-platform for collateral assets. Let’s discuss Depository Network and see who were the people that helped to create this blockchain “masterpiece”.

Depository Network: what is it all about?

Depository Network is a first depository for collateral assets worldwide. It is safe, decentralized, and blockchain-based. It provides a pledge system where you can create your own collateral platforms, tens and hundreds of them. If you are a holder of the token or coin backed by Depositary Network, you can guarantee your assets as a deposit and get a loan. And vise versa, any lender can make up his\her own depositary, where he/she will be able to accept digital coins as a monetary deposit. Everyone gets benefits, this make the platform more attractive to crypto-related people.

There are two types of collateral contracts, namely DEPO Smart Contract  and DEPO Escrow Contract. They are designed for the following networks: Ethereum, EOS, Cardano, Qtum, Lisk, etc. There is no mediator and the contract requires at least three signatures. If you more information about the process, then immerse into details here.

Team and Advisors

Now,  let’s move to the “juiciest” part – people who created Depository Network and who supervise the whole process. First, we want to introduce some members of the Team.

Svetoslav Dimitrov (CEO & Co-Founder) is top legal professional, who worked at best Bulgarian law firms. His experience exceeds 15 years, his new vision on implementing traditional legal institutions into digital space helped him to create Depository Network.

Dimitar Kostov (Technology Board Member and Investor) is a genius of management with more than 20 years of experience. He also leads VMware (NYSE:VMW).

Martin Kuvandjiev (Technology Board Member) is one of the creators of Bitcoin Gold, winner as leader of project “Valkirye” at NASA Space Apps Challenge Competitions 2015.

The Team consists of 10 people who are, as you can see,  well-skilled and good at their job. They are literally a “dream team” for creating such an innovative platform. They know what they are doing, and this confidence makes the project superb.

Advisors of Depository Network also include 10 people who have experience of more than 25 years, They work as advisors in many firm and companies worldwide, their knowledge and perfectness lead the project to the best one on the whole planet.

Ivo Gueorguiev is an entrepreneur worked in the top companies worldwide, he had 25 years of experience in fintech under his belt. Now he is a member of the boardship of Banca Transilvania.

Jos Uitdehaag is a senior expert of law projects in European Commission, 15 years of working with international platforms. He is an advisor of International Monetary Fund, key expert in World Bank Group.

ICO details

The project will conduct an ICO in November-December of this year. The total token supply is 3 billion DEPO, the price of token is $0.02. The soft cap is $2.6 million, whilst the hard cap is $15 million. 70% of tokens will be distributed at the token sale, 15% will be retained by DEPO Reserve, another 12% will go to further team development, and the other 3% will go to bounty program and ICO marketing.

If you are interested in this project, please visit their official site and get more information there.

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The SEC Creates a Special Department to Keep an Eye Open for ICOs

The US Securities and Exchange Commission came out with a press release announcing the opening of the FinHub, a brand-new subdivision of the agency.

The main tasks of the Hub will be:

  • giving a chance to the general public to communicate with the SEC regarding fintech questions;
  • spreading information related to fintech;
  • announcing all the major events in the sphere of fintech
  • publishing all new fintech regulations and decisions of the SEC
  • serving as a linking point of various internal and external financial regulators;
  • etc

As said by the head of the newly emerged department:

By launching FinHub, we hope to provide a clear path for entrepreneurs, developers, and their advisers to engage with SEC staff, seek input, and test ideas.”

Since ICO is a major fintech activity, it will also be under the strict control of FinHub.

We remind you:

SEC’s ETF Decisions Will Come Out In October

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Monero Forked Successfully: Details of Upgrading

Hardly had the vulnerability been detected, when Monero forked victoriously. This happened yesterday, on October 18, without any big problem in the network at all. “Monero 0.13.0 “Beryllium Bullet” is the name of the release, which implemented bulletproofs inside the network’s protocol.

https://twitter.com/monero/status/1052939409392365568

The main advantage of bulletproofs is that users obtain more privacy hiding the amount of assets they send in transactions. But how to verify them? A special logarithmic math was implemented. Though, this feature is only available for huge-cap networks.

In addition, the protocol brought cheaper fees and faster transactions. To sum up, this upgrade enables Monero to remain best privacy coin.

We remind you

Binance Has Had a Number of Major Upgrades

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Cryptocurrency Prices Today, October 19: Cryptocurrencies Fell into the Red Zone

crypto prices

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the Coin360 online platform, Bitcoin (BTC) lost 1.44% over the past 24 hours. The price at the time of writing is $6448 per coin.

Cryptocurrencies are falling in price again:

Bitcoin Cash lost 3.53% over the past 24 hours and costs $434 per coin;

Ripple fell by 1.52% and is $0.46 in price;

EOS dropped by 2.10%, and its price is $5.30;

Litecoin decreased by 2.15%, and its rate is $52;

Cardano lost 3.32%, and its value is $0.074;

Stellar dropped by 3.34% and costs $0.23;

IOTA lost 3.53%, and its cost is $0.49;

Dash fell by 3.97%, and its price is $153;

Monero became cheaper by 2.41% and costs $103.

Over the past day Ethereum lost 2.37%. The cost of the coin is $202.

The total market capitalization is $207 billion. Bitcoin accounts for 54% of the total. In monetary terms, it is $112 billion.

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The U.S.-China Trading War Influences Cryptocurrency World, Bitmain Suffers Most

Not long ago, we discussed that Bitcoin was in danger, since Chinese authority was able to attack it any time. The US decided to keep up with opponents and stroke the crypto world of China, namely crypto asset industry.

These two countries are currently in a state of trading conflict, introducing tariffs on goods traded with each other. In June the USA changed the classification of ASIC miner, called Antminer S9, in a way that Chinese miners can be at a loss. That month the “electrical machinery apparatus”, the given category to the ASICs, had a 2.6% tariff.

Later in August, the tariff raised by 25 per cent. At the moment, Chinese mining producers deal with the fee of 27.6 per cent on their US shipments.This action has a colossal impact on Bitmain, the company based in Beijing and being the biggest Chinese mining hardware maker.

Bitmain tried to cope with the pressure by filing for a Hong Kong IPO. It could reportedly rise $3 billion. The company’s filing also mentioned the fact that about 62.8% revenue came from overseas in first half of 2018, though there was no comment on how many sales had come from the US.

The crisis came to Bitmain at a very bad time. IPO filing showed the company’s turnover dropped in second quarter of 2018 drastically, losing about $400 million in compare to $1.1 billion net profit in the first quarter.

One of the analysts, Mark Li, reckons the US tariffs aim at making Chinese hardware less competitive than opponent ones produced in other countries. He also added that Bitmain’s boardship is more aware of technology arms race, where the company is falling behind

The cold trading war between China and States can last for a long time, yet no one is sure how much loss or profit it can bring, we are only able to watch and wait. Now we want to remind you

Mining Complexity: What It Is and Where It Will Get

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Cryptocurrency Prices Today, October 18: The Coins Are on the Border of the Red and Green Zones

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the Coin360 online platform, Bitcoin (BTC) lost 0.38% over the past 24 hours. The price at the time of writing is $6541 per coin.

Cryptocurrencies demonstrate both negative and positive dynamics:

Bitcoin Cash lost 0.83% over the past 24 hours and costs $450 per coin;

Ripple fell by 1.52% and is $0.46 in value;

EOS dropped by 0.08%, and its price is $ 5.41;

Litecoin decreased by 0.30%, and its cost is $53;

Cardano added 0.98%, and its value is $0.076;

Stellar grew by 4.05% and costs $0.24;

IOTA gained 2.18%, and its rate is $0.51;

Dash lost 1.76%, and its price is $159;

Monero added 0.76% and costs $106.

Over the past 24 hours, Ethereum lost 0.90%. The cost of the coin is $207.

The total market capitalization is $210 billion. Bitcoin accounts for 53.7% of the total. In monetary terms, this is $113 billion.

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