Following 2.0 launch, Blockstack's STX may be free to trade in the US
Blockstack may have successfully transformed its STX token from securities registration to commodity status. Blockstack may be about to go where no token has gone before, by metamorphizing from a security to a non-security, as far as U.S. regulators are concerned.In a Monday blog post, Blockstack CEO Muneeb Ali published a legal memorandum in which the firm argues that its Stacks (STX) tokens will no longer qualify as securities once the new blockchain launches. The firm predicts that Stacks Blockchain 2.0 will be live "at the end of 2020 or the beginning of 2021."But what does the new....
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Bitcoin and blockchain enthusiasts may recall an application called Onename, which was built on top of the identity- and storage-providing blockchain platform called Blockstack. In an announcement earlier today, the company announced they will be changing their name to Blockstack Labs. Onename Becomes Blockstack Labs. Now and then, Bitcoin companies will go through a rebranding without affecting their customers all that much. In the case of Onename, which will keep the name as a consumer product, the parent company name will change to Blockstack Labs. Onename will continue as it has....
"What can the blockchain do for me today?" It's a question that's increasingly being asked by major financial institutions, and one that San Francisco-based Blockstack.io has been focused on finding an answer for since its launch in June. One of a growing number of companies seeking to provide custom blockchain solutions, Blockstack.io boasts unique expertise in Standard Chartered Bank veteran Peter Shiau, who serves as the company's CEO. Shiau indicates that Blockstack.io is seeking to capitalize on the "thought shift" currently underway at major financial institutions, which by all....
A new version of the Internet built on the bitcoin blockchain is another step closer to reality thanks to a $4m investment in Blockstack revealed in SEC documents earlier this week. The three-year old project leverages the bitcoin blockchain to build a new Internet free of centralized servers and with a browser that enables users to control their own identities. Based in New York, the company behind the effort is already building a browser for this new Internet, and the four-person team plans to use the funds to finalize a single, unified platform with which developers can build a new....
In the past month, Blockstack's STX token quietly rallied 85% as network fundamentals improved and a key mainnet launch approaches. Blockstack's STX might not be on every investor's radar, but the 72nd-ranked cryptocurrency by market capitalization has been doing some serious work behind the scenes.Blockstack (STX) 1-month chart. Source: Coin360.comThe company behind the token was founded in 2013 and raised money from Union Square Ventures, Naval Ravikant, Lux Capital and Digital Currency Group.The initial coin offering actually happened in September 2019, and the fundraise was $28 million....
The blockchain-based domain name service (DNS) Blockstack, formally known as Onename, has announced a partnership with the Microsoft Azure platform. Developers will work with Microsoft to provide identity solutions, authentication, and storage services without the need for third-party arbitration. Blockstack: Self-Sovereign ID on the Blockchain. The....