Coinbase to Invest $3M in Nomics

Coinbase Ventures, CoVenture Crypto, Digital Currency Group, BitGo co-founder Ben Davenport, CityBlock Capital, King Capital and others are among the investors
19 December 2018   1426

As part of the funding round of Series A led by Arthur Ventures, the Nomics cryptocurrency startup raised $ 3 million. Coinbase Ventures, CoVenture Crypto, Digital Currency Group, BitGo co-founder Ben Davenport, CityBlock Capital, King Capital, PolyMath and TokenSoft are among the investors.

Note, Nomics intends to invest in expanding of the development team. The funds raised will also allow the startup to continue work on indexing 95% of the data related to the cryptocurrency trade.

Nomics CEO and co-founder Clay Collins said that collecting cryptocurrency data is a complex engineering task. He added that the Nomics team is committed to providing  data without gaps  that will demonstrate a real picture of the cryptoindustry.

According to Collins, after indexing the information, "millions of new pages available" will appear.

You can access data on various assets, such as price quotes and trading indicators, using the Nomics API, which shows financial performance for both previous years and in real time.

The ultimate goal of the project is that hedge funds and other investors can use this data when developing trading algorithms and tracking market fluctuations.

US Crypto Companies to Support TON in Case With SEC

The Blockchain Association said Telegram taken sufficient measures to ensure that the Gram token offer met SEC requirements
23 January 2020   135

The Blockchain Association, which combines companies such as Coinbase, Circle, 0x and Ripple, issued an expert opinion as part of the ongoing proceedings of the US Securities and Exchange Commission (SEC) with Telegram.

Previously, the Digital Commerce Chamber launched a similar initiative. The blockchain association, however, was more straightforward and stated that Telegram had taken sufficient measures to ensure that the Gram token offer met SEC requirements. According to members of the organization, the actions of the SEC can damage not only Telegram, but the market as a whole.

The Court should not block a long-planned, highly anticipated product launch by interfering with a contract between sophisticated private parties. Doing so would needlessly harm the investors that securities laws were designed to protect.


The Blockchain Association

The Blockchain Association notes that for many years it has not been possible for SEC to obtain clear and unambiguous guidance for conducting activities in the cryptocurrency space, while the claims of the regulator make the current situation even more ambiguous. 

The SEC’s lawsuit also raises novel questions regarding whether companies are forbidden from raising funds from sophisticated U.S. investors, under well-established regulatory provisions, to build blockchain networks.


The Blockchain Association

They cite examples of startups TurnKey Jet and Pocketful of Quarters, in respect of which the regulator recommended not to apply legal measures, adding that such litigations inevitably involve high costs and do not guarantee industry participants that they will not be prosecuted in the future.

Telegram discussed its plans with SEC staff for a year and a half, provided copious information and responded to limited feedback by adjusting the design of its transaction. Yet, at the end, the SEC has sued, and the SEC’s briefs thus far say nothing about the substance of those discussions. 


The Blockchain Association

In conclusion, the group asks the court to “reject the SEC’s arguments that the not-yet-in-existence Grams were securities at the time of the Purchase Agreements.”