300 Investors Contribute to INX’s Ethereum-Based IPO, With More Waiting

When things get more complicated, and layer upon layer of functions and interacting smart contracts are built, the average user will no longer be able to make sense of it all. Despite all of the focus on the Ethereum ecosystem right now, one of the questions waiting to be answered is when the first project making great use of this protocol will come to fruition. Gavin Andresen is waiting for that project as well, and he feels how Ethereum smart contracts could potentially cause issues. It is important to note Gavin Andresen is not hostile towards Ethereum by any means. During a recent AMA....

Ethereum 2.0 finally launched yesterday after months and even years of waiting. According to data from Dune Analytics, more than 900,000 ETH, worth over $500 million, was locked into Ethereum 2.0’s Beacon Chain. This is 166% more than the threshold of 524,288 coins required to launch the upgrade. There were 2,700 unique depositors running over 20,000 validator nodes. Ethereum 2.0 Launch Stats Ethereum 2.0 finally launched yesterday. After months of waiting, the first phase of […]

INX has completed all the documents needed to complete its acquisition of security token platform OpenFinance, and is now awaiting regulatory approval. Crypto IPO issuer INX has announced that its acquisition of security token offering platform OpenFinance is almost complete.According to an email sent to OpenFinance users, the parties are now just awaiting regulatory approval to complete the change in ownership. INX — which is licensed by the U.S. Securities and Exchange Commission — expects its digital asset and securities trading platforms will be launched “in the next few months.”The....

The crypto industry records another major acquisition in 2020. According to an official announcement, INX has signed a term sheet for the acquisition of OpenFinance, which operates as a registered broker-dealer in compliance with the Financial Industry Regulatory Authority and the Securities Investor Protection Corporation.With the new deal, INX is set to acquire OpenFinance’s broker-dealer and alternative trading system business including its systems, digital asset listings, client base and licenses.OpenFinance’s listings include firms like major industry venture capital firm Blockchain....

The “ultrasound money” meme has been running in Ethereum based circles for some time, gaining momentum as the asset rises and rises in value during this bull market. While it is considered a joke by many, like a myriad of memes, it hides a very complex array of factors that contribute to Ethereum’s newfound status. However, it is not without its critics from the Bitcoin side. The ‘Ultrasound Money’ Meme Explained If you have mingled in inner Ethereum cryptocurrency circles, you probably have heard the words “ultrasound money,” used as a meme to....