Bread Token to Update Mobile App

In the first week of April the application will fully support Ethereum in addition to Bitcoin and Bitcoin Cash
26 March 2018   867

Bread token is the simple and secure way to get started with crypto. BRD allows users to hold Bitcoin in their own hands. By connecting directly to the bitcoin network, users don’t have to rely on the company to access their bitcoins, and thecompany can't monitor their financial activity or control what they do with their money.

The team has already released initial SegWit capability supporting the ability to send BTC to bech32 addresses, and laying the foundation for full SegWit functionality going forward. Bread token has announced that in April 2018 it will deliver tangible benefits to BRD token holders who retain enough tokens. 

The next release is scheduled for the first week of April, when the application will fully support Ethereum, in addition to bitcoin and bitcoin cash, all decentralized. In April, ERC-20 token functionality will be made available exclusively to the current beta testers who are holding ETH and BRD, a group that is now closed to new applicants.

Moreover, the Rewards Waterfall program will be launched in April along with benefits which will be provided to to large holders of BRD tokens. The token team will also carry out an airdrop in order to celebrate the release of full Ethereum support the first week of April.

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Bermuda to Issue First ICO License

The first 'official' ICO that will be held at Bermuda is Uulala
19 October 2018   49

Bermuda’s Minister of National Security, Wayne Caines, said that the Uulala fintech company received the first ICO license in the region. It is reported by the Royal Gazette.

In July, the Secretary of the Treasury of the Overseas Territory of Great Britain, David Bert, introduced new regulations for fintech products and services. The bill classifies initial coin offers (ICO) as “limited business activities”.

The draft law also states that before holding a tokensals, companies must provide information about the proposed digital assets, the financing system, the amount to be raised and various technical aspects. In addition, you must obtain consent from the Minister of Finance of the region.

The CEO of Uulala, Oscar Garcia, reported that the process of obtaining a license took four months. Fintech offers a decentralized peer-to-peer network “to attract cash into the digital economy.” During the ICO, Uulala plans to raise $ 50 million.

We are looking at operating from Bermuda. The Bacardi story resonated with us — a group of Cuban Latinos who went to Bermuda and established their headquarters there. We are looking at doing something similar. Bermuda is known as a financial hub and it is very forward-thinking on blockchain and fintech.

Oscar Garcia

CEO, Uulala

The government of Bermuda began to develop bills for the legalization of the ICO in March. Then David Bert said that Bermuda could be an example for other countries in the field of ICO regulation.