Crowdsale Set Jan. 18 For PinkCoin, The First Diamond - Backed Cryptocurrency
BitGem Asset Management Ltd. (BAM) and its parent company, Precious Investments Inc., will launch a crowdsale for what they call the first diamond-backed cryptocurrency, PinkCoin, an Ethereum-based cryptocurrency backed by a pool of fixed-colored diamond assets. The crowd sale begins on Jan. 18, 2016 at 9 a.m. The escrowed diamonds are insured by Lloyds of London and have been independently appraised. A PinkCoin token initially will represent a fraction of the diamond pool’s set valuation. The fraction will represent 1 USD of the initial set valuation. The companies said the diamond pool....
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Gold-backed Ethereum token offering Digix (sale.digix.io) has completed its crowdsale, opening up decentralized gold-backed smart contracts to anyone. The democratic autonomous organization (DAO) achieved over $5.5 million USD funding in 12 hours upon the start of the crowdsale on March 30. Now, along with the launch of trading later this month,....
Today is an interesting day for two coins which hold household names among altcoins. Both of which have become well respected due to their developers and communities. Through this post, we would like to introduce you, officially, to the partnership between SyncCoin and Pinkcoin. The official document regarding this partnership can be found here which will give you some extra information on what the partnership consists of. However, the main aspect linked to this partnership is that of a Pink Rewards program. This program will be divided between two packages: Package Value: $500. Value per....
De Beers, one of the leading diamond-producing companies globally, recently announced the deployment of its blockchain-based diamond source platform at scale. The platform will “enable the provision of provenance information from source to Sightholder to store on a secure blockchain.”
Immutable Record of a Diamond’s Provenance
One of the world’s top diamond miners, De Beers, recently said it had deployed a blockchain-based diamond source platform at scale. The platform, which is known as Tracr, gives the so-called sightholders the ability “to....
The origin of the carbonade diamond has baffled scientists for years, as it contains some of the precious metals only found in meteorites. A 555-carat diamond with mysterious origins estimated to be billion years old has been sold for $4.5 million in cryptocurrency at a Sotheby's auction.The diamond has baffled geologists over its origin, where it’s still not clear whether it came from outer space or was crystallized in the earth’s mantle. The diamond is characterized by its opaque black appearance with full of visible holes. The carbonade diamond is available in only two regions on the....
A South Florida federal district judge has sentenced Jose Angel Aman to 84 months in prison for his role in perpetrating a $25 million diamond Ponzi scheme. In addition, the judge ordered Aman to pay over $23 million in restitution to victims who invested in his diamond cutting business and the purported diamond-backed crypto token. Fraudulent Claims and Promises In a statement, the U.S. Department of Justice (DOJ) says Aman and his unnamed partners successfully recruited hundreds of people after convincing them “to invest in diamond contracts.” The statement adds that the....