Bitstamp Tries the Crowdfunding Route at $60 Million Valuation
Bitstamp, one of the largest BTC/USD bitcoin exchanges and marketplaces based in Europe, has launched an investment initiative on online investment platform BnkToTheFuture to obtain US$1.2 million in funding at a $60 million valuation. The BnkToTheFuture investment offering will continue on for the next 50 days, until Bitstamp reaches its minimum....
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Bitcoin exchange Bitstamp's ongoing crowdfunding campaign has already netted more than $1.3m in capital, exceeding its goal weeks before the effort is scheduled to end. Bitstamp has another 21 days of its campaign on the BnkToTheFuture platform. The exchange is selling shares totalling 2% of total equity. At press time, Bitstamp had raised $1,365,240 out of a planned $1.2m, drawing from 258 backers. Co-founder and CEO Nejc Kodrič said the funding will go towards expanding into new markets, as well as offering new services to the existing trading platform. He told CoinDesk: "Our....
Simon Dixon and Max Keiser are joining forces to help launch 10 non-competing bitcoin startups on the crowdfunding and equity crowdfunding platform BankToTheFuture.com. The aim, says Dixon, is to help the companies get "investment ready" by aiding them with their tax, legal issues, business plan, financial model, valuation, video pitch and marketing for their equity crowdfunding campaign, and take them through the initial stages of securing funding. Dixon pioneered the development of equity crowdfunding, consulting the Bank of England, Treasury and Financial Conduct Authority for a change....
ING Bank, just as any other, is just an unnecessary middleman between you and many crowdfunding options. Today, we have things like the Lighthouse, WeiFund or Koinify, which try to help those seeking to receive crowdfunding for interesting projects. There is no need for using centralized crowdfunding anymore, nor is there a need for banking assistance in....
Bitstamp CEO Nejc Kodrič has confirmed in a statement that "less than 19,000 BTC" was stolen due to a Bitstamp operational wallet being compromised. CCN has previously reported on this Bitcoin wallet, which seems to hold 18,866 BTC that was clearly siphoned away from Bitstamp hot wallets during the alleged timeframe of the Bitstamp hack. Notably, Kodrič does not use the word "hack" in any of his statements to reassure users that their personal information is safe. It could also lend credence to Jackson Palmer's theory that a weak RNG attack is responsible for the lost funds; though,....
A spokesperson recently said "$10 billion would be a low valuation" for Kraken. San Francisco-based crypto exchange Kraken has not yet confirmed that it will follow in Coinbase's footsteps by pursuing a public listing, though the company did rule out the possibility of doing so via a special-purpose acquisition company.In a written statement to Cointelegraph, Kraken said it would pursue a direct listing in the event the exchange decided to go public in the United States. This follows speculative reporting from Fox Business’ Charles Gasparino, who yesterday claimed that Kraken was....