Basic Attention Token Price Changed by -11.08 percent

… on Bittrex is 1009854.00. Basic Attention Token BAT/USDC on Coinbase Pro exchange is 0.28. The trading volume on Coinbase Pro is 3885842.00.

As at 2019-05-09 average Basic Attention Token price is 0.28212131 USD, 0.00004605 BTC, 0.00167120 ETH.

It’s noteworthy that is issued into circulation Basic Attention Token.

In this regard, 24 hour trading volume is 40235990.40898300 USD or 6567.62638148 BTC. At the same time Basic Attention Token market capitalization is 355869668 USD or $58087 BTC.

Basic Attention Token average change within 24 hour is -11.08 against USD, -13.33 against BTC, -10.2 against ETH. Weekly report: -26.05 against USD, -33.25 against BTC, -28.79 against ETH. Monthly report: -1.62 against USD, -16.39 against BTC, 3.54 against ETH.

Basic Attention Token BAT/PLN on BitBay exchange is 0.28. The trading volume on BitBay is 16409.14.

At the same time Basic Attention Token BAT/KRW on Bithumb exchange is 0.32. The trading volume on Bithumb is 172588.00.

Basic Attention Token BAT/MXN on Bitso exchange is 0.28. The trading volume on Bitso is 67526.00.

Basic Attention Token BAT/BTC on Bittrex exchange is 0.28. The trading volume on Bittrex is 1009854.00.

Basic Attention Token BAT/USDC on Coinbase Pro exchange is 0.28. The trading volume on Coinbase Pro is 3885842.00.

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Bitfinex lines up $1B in commitments for its token sale, shareholder claims

Bitfinex’s parent company iFinex has received $1 billion in hard and soft commitments for an Initial Exchange Offering, according to a report by …

Bitfinex’s parent company iFinex has received $1 billion in hard and soft commitments for an Initial Exchange Offering, according to a report by CoinDesk, citing a WeChat post from a Bitfinex shareholder. According to Dong Zhao, an OTC trader in China who owns Bitfinex shares, there’s “a high possibility Bitfinex will not conduct a public sale” for its tokens. Zhao told CoinDesk that the exchange has received $1 billion in both hard and soft commitments for LEO, the name of Bitfinex’s exchange token. Soft commitments give investors the option of backing out of the deal.

This news comes after Bitfinex publicly released its white paper, detailing the inner workings of its LEO token and the token sale. Additionally, the white paper offered a glimpse at various projects Bitfinex is working on including Bitfinex Derivatives, exchange ecosystem EOSfinex, and iFinex IEO Platform.

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Bitfinex Gambles On Online Betting

Augur (REP) may soon face strong competition as Bitfinex announces plans for its own betting exchange. In a recently published whitepaper, which …

Augur (REP) may soon face strong competition as Bitfinex announces plans for its own betting exchange.

In a recently published whitepaper, which also outlines the sale of its new LEO utility token, Bitfinex’s owners revealed that a new secure and regulated betting exchange was among their “forthcoming projects.”

Dubbed ‘Betfinex,’ the platform will leverage existing tech, developed and used by Bitfinex, in order to provide users with an accessible interface and an effective betting experience. This will include “state-of-the-art” APIs as well as new hardware to increase connectivity.

“Betfinex will use Bitfinex technology to build what may be the most secure, performant, cost-effective, and user-friendly and legally-compliant betting exchange in the world,” the whitepaper reads.

“Offering superior connectivity in tandem with industry-leading matching technology will, for the first time in online betting, provide customers with an experience comparable to that of a low latency FX exchange.”


Will the IEO fund Betfinex?

Bitfinex became the centre of controversy after the New York Attorney General’s office accused the exchange of using Tether’s dollar reserves to cover an $850M shortfall.

Soon after, rumours of a possible Bitfinex IEO began circulating. The whitepaper, which was released today, is the first time the exchange has publicly acknowledged plans for a token sale. Some of the information, including the billion-dollar hard cap and invite-only participation, has already been leaked to the public.

The white paper also revealed the new token’s name: LEO. This is a nod to the exchange’s motto: unus sed leo, a Latin proverb for quality over quantity, according to the whitepaper.

Skeptics suggested the proposed IEO could be used to replace lost funds, but one source familiar with the matter told Crypto Briefing that the money would go towards financing new initiatives.

One of these could potentially be Betfinex, but there are seven other initiatives which Bitfinex also has planned. These include platforms for security token, derivatives and data trading, a hybrid exchange based on EOS, as well as an open-source collection of tools and resources for traders.

Details remain thin on the ground as to what exactly Betfinex will look like, and whether it will use the new LEO token as a means of exchange. Crypto Briefing approached Bitfinex for comment but had not heard back by the time we went to press.

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Bitfinex Releases Whitepaper to Confirm $1 Billion Initial Exchange Offering

Cryptoasset exchange Bitfinex has confirmed that it is planning to raise $1 billion through an initial exchange offering (IEO). Bitfinex, which operates …

Cryptoasset exchange Bitfinex has confirmed that it is planning to raise $1 billion through an initial exchange offering (IEO).

Bitfinex, which operates under its parent company iFinex, Inc., a British Virgin Islands incorporated and Hong Kong-operated financial technology firm, has released a whitepaper, titled “Initial Exchange Offering of LEO Tokens For Use on iFinex Trading Platforms.”

$1 Billion LEO Token Sale, Not For US-based Investors

The whitepaper, which was published on May 8th, 2019, clarifies that the LEO tokens will not be sold to US-based investors. Transactions involving the exchange’s new token may also be prohibited in other jurisdictions, IFinex’s paper states.

According to iFinex’s latest whitepaper, the firm made net profits of around $730 million for FY 2017/2018, however the New York Attorney General recently alleged that the company may have lost $850 million – after it began working with Crypto Capital, a cryptocurrency payment processing service provider.

Private Token Sale Will End On May 11th, 2019

Although the whitepaper regarding Bitfinex’s IEO has now been officially released, there had been unconfirmed reports earlier that the exchange operator’s management was planning to raise funds through a token sale.

As confirmed in the whitepaper, Bitfinex’s management intends to sell up to 1 billion LEO tokens, with each worth 1 USDT. The private token sale will reportedly end on May 11th, 2019.

If required, a public token sale may be launched afterwards in order to meet the fundraising target.

Those who purchase LEO tokens may use them for transactions conducted on Bitfinex or for various other purposes, the whitepaper noted. Meanwhile, Bitfinex’s management might try to use the funds raised to recover from the potential losses incurred due to the alleged mismanagement of funds by Crypto Capital.

Public Token Sale Will Be Conducted If “Fewer Than 1 Billion USDT Tokens Sold”

However, it is still unclear whether the funds ($850 million) have actually been seized by American, Portuguese, and Polish authorities – as Crypto Capital had claimed earlier.

As noted in the whitepaper, if less than 1 billion LEO tokens are sold iFinex may sell the remaining tokens after this token sale has concluded. At present, IFinex, Inc. is still contesting the charges it faces, from the New York Attorney General, in a US court.

Bitfinex Investors Not Concerned About Fraud Allegations

Last month, Bitfinex shareholder Zhao Dong had been trying to reassure crypto industry participants that the exchange is solvent. According to the prominent shareholder, Giancarlo Devasini, the Chief Financial Officer at Bitfinex, had told investors that the situation they were facing was temporary and that the funds would be recovered soon.

Notably, Dong has also been accepting pre-orders for Bitfinex’s upcoming token sale through his crypto-lending application Renrenbit. The well-known investor had reportedly taken pre-orders from users who wanted to participate in the public phase of Bitfinex’s upcoming $1 billion token sale, even before IFinex published an official whitepaper for it.

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Zilliqa (ZIL) Token Swap Active; Most Exchanges on Board

Zilliqa saw most major exchanges complete a large part of the token swap this May 6th, after extensive mainnet testing since January. The old ZIL …

Zilliqa saw most major exchanges complete a large part of the token swap this May 6th, after extensive mainnet testing since January. The old ZIL token was held in 36,680 addresses on the Ethereum network, as shown by Etherscan.

The Zilliqa deadline for the completion of the entire token swap event will extend until June 30. Exchanges are currently in various state of completion and issuing the new tokens.

The reason Zilliqa has chosen to perform the swap entirely through exchanges is the need to perform a token holder screening. Exchanges already perform KYC, hence affording another layer of security for Zilliqa.

“You are strongly encouraged to swap your tokens as early as possible. Eventually after a deadline (exact date to be confirmed later), ERC20 ZILs will be frozen and become obsolete,” the Zilliqa team reminded in a recent blog.

Zilliqa also warned that each exchange may apply its own approach to the token swap, and there may be discrepancies in user experience. Currently, users were still reporting the inability to withdraw tokens to the mainnet.

In the coming months, the Zilliqa project aims to release new wallets and mobile apps to make the network more accessible.

ZIL currently trades around $0.015, down more than 90% since peak prices reached a year ago. The chief reason is the slide of ZIL against Bitcoin (BTC).

The Zilliqa project still has to go through multiple milestones, stretching into the year ahead. In the coming months, the network will work on its support for distributed apps (dApps). Currently, only a handful of projects have managed to launch a dApp ecosystem, while other networks are still lagging or working on technicalities. For now, the Zilliqa network has on-boarded 1,200 peers, but there are only a few real transactions, often seeing the transaction count go down to zero.

However, Zilliqa promises a robust number of transaction capacity in the future, especially with the launch of a dApp and smart contract ecosystem.

by Christine Masters, 13 hrs ago

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