This week has seen a lot of activities and developments around blockchain platforms development, cryptocurrency adoption, and growth in token awareness.
The Seychelles-based Securities Exchange MERJ listed its first regulated security token on a national stock market this week in Europe with the intention of launching an initial public offering for its equity security tokens in September. This will essentially make MERJ Exchange, “the first entity enywhere in the world to hold an initial public offering of security tokens.” Said CEO Edmond Tuohy.
The self-proclaimed inventor of Bitcoin, Craig Wright, has been ordered to surrender $4B worth of Bitcoin in the latest court hearing against his former partner, David Kleiman. That would give title to more than 410,000 Bitcoins to Kleiman’s estate. The Florida court ordered Wright to hand over documents show the unlawful seizure of digital assets sparking fears in the crypto space of an expected Bitcoin dumping pushing the prices even further down. It remains to be seen if Wright will comply with the order.
This week, Bakkt made yet another announcement that saying that its clients will start taking Bitcoin futures deposits starting September 6th, 2019. The Bakkt Warehouse, a Trust Company operated by Intercontinental Exchange, will hold the physically-delivered bitcoin futures for its clients.
Another exciting development was the announcement by the blockchain big data management startup, Constellation, that it has partnered with the U.S. Air Force to streamline processes and speed up the application processes of applicants and decrease bureaucratic overheads. The Force has also partnered with Simba Chain to secure its supply chain, both on the battlefield and in U.S. homeland.
The encrypted messaging app, Telegram, this week announced that it is finally launching its Gram digital currency in October over a year after the company raised $1.7B in a private Initial Coin Offering (ICO) in May 2018. The company will begin a public test of its TON blockchain network on September 1st, 2019.
Yet another Binance announcement came this week when the company stated that it will be a futures trading platform and crypto lending with up to a 15 percent annualized interest. These developments are yet another move by Binance to diversify its business lines in a bid to grow and retain its userbase.
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