MERJ and Globacap Ready to Distribute Security Tokens in European Nation

Globacap and MERJ share a sense of mission to bring the efficiency and cost benefits of distributed ledger technology to the regulated financial …

Seychelles-based securities exchange, MERJ, joins hands with the London-based blockchain provider, Globacap, to distribute security tokens to European investors. With this, the MERJ exchange house becomes the first, National Stock Exchange to list equity-security tokens. In 2018, Globacap was the first UK based trading house to issue an equity-security token under UK’s Financial Conduct Authority (FCA).

Edmond Tuohy, The CEO of MERJ Exchange Stated,

We will be the first entity anywhere in the world to hold an initial public offering of security tokens, for this ground-breaking event, it is essential to have a partner on board with the right technology, systems and approach to grasp the significance of this milestone. Globacap is among the leaders who are really executing in this space, and that resonates well with us.

FCA-regulated Globacap Ltd, in a press release, revealed that MERJ plans an Initial Public Offering (IPO) to distribute the company equity via equity-security tokens. It will sell 16% of the company’s share capital. 8.7 million of MERJ’s shares have already been indexed at the Seychelles Stock Exchange in tokenized form. MERJ CEO, Tuohy claimed that their initial public offering plans would make the platform “The primary entity on the planet to carry a preliminary public providing of safety tokens.”

Tokenized stocks are digital assets. They represent shares of a company and are easy to transfer. The use of blockchain technology allows maintaining a decentralized ledger that supports cryptocurrencies like Bitcoin and Ethereum. It also allows the easy transfer of assets between buyers and sellers and reduces costs. As they are classified as securities, regulatory restrictions have hindered non-English countries from launching such products.

Optimistic about the partnership, Globacap Founder and CEO Myles Milston said:

Globacap and MERJ share a sense of mission to bring the efficiency and cost benefits of distributed ledger technology to the regulated financial markets arena. MERJ has demonstrated unquestionable leadership and its IPO will be a landmark event in bridging regulated financial markets and the world of digital assets.

Others have also taken the initiative on safety- tokens. tZERO (an Overstock’s blockchain subsidiary corporate) has distributed its fairness safety tokens for buying and selling through authorized and non-accredited buyers. San Francisco-based safety token issuance platform TokenSoft introduced its “Know-Your-Industry” products and services to spread awareness about the necessities required for compliance with a modification to the Financial institution Secrecy Act. Grayscale Investments’ Grayscale Ethereum Trust, Ethereum-based security was open for trading on OTC markets, after receiving a green flag by the Financial Industry Regulatory Authority.

Many changes yet to come in the financial market, but for now, the MERJ stock exchange house enjoys the top position in the National Stock Exchange to trade equity-security tokens.

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Challenges Telegram Facebook and the Rest of the world already this October?

All Three are said to have been part of the Initial Coin Offering (ICO), by means of which Telegram a total of $ 1.7 billion collected. In the closed circle …

The encrypt of Messaging App Telegram will introduce a new digital currency Gram in October. This is a must have, at least, notified to investors by the Mainstream media. How will react the Rest of the world? A ban by the States threatens the project?

Telegram Token already this October?

As the New York Times on may 27. August reported that chatted three anonymous investors from the beans. All Three are said to have been part of the Initial Coin Offering (ICO), by means of which Telegram a total of $ 1.7 billion collected. In the closed circle of the company have now confirmed that the first Token will spend in two months.Another Telegram Open Network (TON)-Investor, to be in contact with the Telegram Team, also announced that the company plans to release the platform from the 1. To test September open to the public.The long-term goal of the management level behind the ambitious project will be to make Gram of all around 300 million users of the app available.Should prove to be true, these rumors would Telegram to implement this, where Facebook is threatening to come due to the strong headwinds, apparently, to its limits. Because one thing should be clear. In an Ecosystem with 300 million members, Gram would be a truly global digital currency.About Gram is on a technical level, is still little known. Apparently, the project is flying largely under the Radar, which has the advantage that it is excited at regulatory authorities only little attention. At least, if we compare it in Relation to the vehement resistance, to the Facebook Libra is encountered. That may change, however, with safety, once more passes through the project to the Public. Perhaps the article in the New York Times represents the starting shot for it.If you’re looking for a reputable point of contact, to act with real crypto currencies, then take a look at our Binance Test 2019! In this article, we have analyzed all the features and benefits of the crypto-exchange in more detail and evaluated. In Binance in our exchanges has reached the comparison in the first place. The most the most popular crypto-stock exchange today!

Has started the war of currencies?

It remains unknown at this time, how are you plans with the state authorities deal with it. This is seen in projects such as Libra and Gram direct competitors to their state-subsidized currencies. For hundreds of years, the state monopoly is provided for the first Time on the money creation to the test.For all those who have not noticed it yet: The digital age has ushered in the Era of digital currencies as a downright natural corollary. The demand on the part of the market adapts to the current conditions of our economy. With the increasing digitization and internationalization of our world, a digital and a global currency appears to be the logical consequence. But which currencies will prevail in the Darwinian principle result in?With security, there will be more than a currency, and certainly the markets will not be limited to national territories. In addition, should also be clear that this power is not held only among States, but, increasingly, Non-banks will try a piece of the proverbial cake that happens to you.We must appreciate definitely happy to be part of these exciting developments and radical changes, monetary systems, and are excited for what is to follow.What do you think about the project from the Telegram? Who makes in your opinion the race, telegram Gram or Facebook Libra Token? Come in to our Telegram Chat and talk with the experts and the Community. Subscribe to our News channel to not miss any news more. (Image Source: Shutterstock)

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Political action committee BitPAC set to launch an ICO to support US congress candidates

BitPAC, a political action committee, is conducting an initial coin offering (ICO) to expand its candidate supporting program, according to CoinDesk.

BitPAC, a political action committee, is conducting an initial coin offering (ICO) to expand its candidate supporting program, according to CoinDesk.

Speaking with the news outlet, BitPAC Founder Dan Backer revealed that the committee will issue “political” tokens, called Politicoin, which will be a utility token. He stressed that it will not function as a store of value but will provide token holders with “some sort of voting rights” instead.

It’s a utility token, not a thing of value. I don’t care if people want to buy, sell trade their token, if exchange wants to list it that’s fantastic. We have some larger scale, grand or long-term plans but we have to start somewhere.”

He also emphasized that while BitPAC has its own funds, they want to do an ICO to grant anyone who donates to the PAC with one Politicoin.

Backer said that cash is accepted for donation, but if voters prefer cryptocurrency, then they will have to get in touch with Backer or another team member. This process is necessary to comply with the reporting requirements of the Federal Election Commission (FEC).

He could accept bitcoin, ether and a number of other cryptocurrencies as long as we’re able to identify the contributors and perform the compliance function with respect to FEC reporting requirements,” he said.

Meanwhile, BitPAC initially plans to support one single candidate, Dan Bishop, a senator from North Carolina who is seeking a seat at the U.S. House of Representatives in a special election.

However, in the future, the group plans to establish a platform where FEC-registered voters can support any registered candidates, regardless if they are Republicans or Democrats.

I think it’s important we demonstrate there’s a level of political maturity here,” he noted. “I think it’s going to be interesting to see. Win or lose, we’re going to learn a lot in this process.

In May, Rep. Eric Swalwell has started accepting cryptocurrencies as donations to support his U.S. presidential bid in 2020. A dedicated web page was set up by The White Company to allow his supporters to send six supported cryptos, including Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Stellar (XLM), Bitcoin SV, and the firm’s native token “White Standard.”

However, he is not the first U.S. presidential candidate to accept crypto-based donations. American entrepreneur Andrew Yang has also been gathering election funds through bitcoin, ether, and other ERC20 cryptos for almost a year now.

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Telegram Investors Claim Company Will Issue First Gram Tokens Within Two Months

Telegram conducted a much-publicized initial coin offering for Gram in 2018, raising a reported $1.7 billion from investors who were promised Grams …

Posted on Aug 28, 2019

Social messaging app company Telegram plans to launch its new Gram digital currency by the end of October, the New York Times reported on August 27. The firm has reportedly told investors that the first coins will be issued sometime in the next two months. That’s according to three investors who spoke with the Times anonymously, due to nondisclosure agreements.

The company is expected to begin testing its Gram network at the beginning of next month. It eventually hopes to provide Gram digital wallets to all of its several hundred million Telegram users worldwide.

Telegram conducted a much-publicized initial coin offering for Gram in 2018, raising a reported $1.7 billion from investors who were promised Grams in the future. As part of that promise, Telegram agreed to either deliver those Grams by October 31, 2019, or return the money to investors. According to the Times, the company has been “racing to get the coins out before that deadline.”

The news comes as Facebook faces increasing skepticism from regulators over its proposal for the Libra digital currency project. Telegram, which has been even less transparent about its own cryptocurrency project, is likely to face similar skepticism as it gets closer to launching Gram.

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BlockEx Is Acquired By UK Manager as Current CEO Leaves

It had a pretty successful Initial Coin Offering (ICO) back in January 2018 but the plunge in the prices affected it a lot. Most of the assets acquired …

The crypto firm BlockEx has been recently acquired by a United Kingdom asset manager. After the takeover, the current CEO of the company, Adam Leonard, is leaving. He was instrumental during the acquisition and negotiated the deal for over six months.

Leonard has been a part of the company since 2014 and it has over two full decades of experience in the financial sector. He is a specialist in business administration and in the blockchain technology.

BlockEx was created o manage digital assets during their whole lifecycle. The main idea was to offer a service that would support investors during all the process of buying, managing and selling cryptos.

The company started to get into financial trouble because of the bear market. It had a pretty successful Initial Coin Offering (ICO) back in January 2018 but the plunge in the prices affected it a lot. Most of the assets acquired during the sale of the tokens turned to dust as the prices went down and the company started to enter a dire financial situation.

One of the main reasons why the company lost so much money was because most of its assets were cryptos. Some assets lost over 90% of their value last year, so the company was hit very heavily. A consortium that would pay over $9 million GBP to the company also failed to deliver on its promises, so the problem only got worse.

Despite all the issues, the CEO remained upbeat. He tried to calm the shareholders and decided to sell the company. Now, Leonard’s job is done with the company and he is set to move towards new challenges.

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