Regulators in China have banned all initial public coin offerings (ICOs) pending a review and the possible introduction of regulations to control the booming market.
Over the last two-and-a-half years, Estonia has offered so-called e-Residency to foreign entrepreneurs who want to virtually site their businesses in the country. The program gives people an Estonian government-backed digital ID, the ability to simply register an EU company, access to business banking and payments services, and tools with.
After initial hesitancy concerning bitcoin and blockchain, Russia is now embracing the new suite of technologies — and Waves is at the forefront of the movement.
Pavel Kravchenko, Distributed Lab Co-Founder Says 99% of Startups Don’t Make a Working Product after ICO
Pavel Kravchenko, co-founder of blockchain company Distributed Lab, is known for his hard-hitting statements on processes within the cryptoindustry. Recently he wrote a Facebook post sharing his views about what’s happening to cryptocurrencies and ICO market in layman’s terms.
Cryptoindustry is on the march, which is hardly a secret for anyone now. Still, many officials as well as community members can’t imagine what will it be like in a couple of years, not to mention in a decade or two. For that reason ForkLog contacted renowned composer, well-known visionary.
The government of the former Soviet republic Kyrgyzstan intends to issue a national cryptocurrency backed with gold.
Cryptoindustry is rapidly developing, which includes its part that seeks to replace venture investment and public capital markets altogether. Even projects that have nothing to do with blockchainsometimes use ICO as a way to raise funds via issuing their own token.
ZrCoin, the first tokenized factory in Russia, has raised nearly $1.4 million from 800 investors on the first day of its ICO, with $300,000 being the highest investment. As of now, the sum of raised amounts has surpassed $1.6 million.