Blockstack (STX) rallies 85% as fundamentals improve ahead of mainnet launch
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....
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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....
XinFin has rolled out stupendously after its Mainnet launch on June 01, 2019. Notably, it’s been two years since its mainnet launch. With the mainnet launch, XDCe has been swapped to XDC token. It is expected the trading volume to go high with the conversion. According to CoinGecko, the XDC price is $0.058 with a […]
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....
Blockstack, a San Francisco-based firm, is adapting the technology of Bitcoin for mainstream finance, including clearing and settlement. A small group of banks have started beta testing Blockstack's technology, Bloomberg Business reports. The startup, run by former Google Inc. and Nasdaq OMX Group Inc. employees, is jumping into the competition to use digital-currency technology to tackle financial companies' slow, antiquated back-office operations. "We're not trying to destroy banking or financial services as they are today," said Peter Shiau, Blockstack's co-founder and chief operating....
"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....