Gladius to Cease Operations

Earlier, the SEC accused Gladius of selling unregistered securities; company shuts down failing to comply with the request for a refund to investors
25 November 2019   272

Gladius, a cybersecurity blockchain startup, has shut down, failing to comply with the U.S. Securities and Exchange Commission (SEC) request for a refund to investors. Suspension notice was sent by co-founder and technology director Alex Godwin to Telegram.

We regret to inform you that Gladius Network LLC has ceased operations effective immediately and has filed for dissolution. Despite our best efforts, the company no longer has funds to continue operations.

Gladius Team

Earlier, the US Securities and Exchange Commission accused Gladius of selling unregistered securities. The project raised about $ 12.7 million during the token sale in late 2017. The SEC decided not to impose penalties on him, taking into account the fact that Gladius voluntarily reported the violations.

The SEC did not impose a penalty because the company self-reported the conduct, agreed to compensate investors, and will register the tokens as a class of securities.

Gladius Team

Last week, it became known that Gladius was among the startups that did not fulfill the terms of the agreement with the SEC, and did not pay off with investors.

BTSE to Launch Tokensale On Liquid Bitcoin Sidechain

BTSE offers spot and futures trading, loans and debit cards, and an OTC platform, it also has a joint mining venture with Blockstream
10 December 2019   96

BTSE exchange will hold a token sale on the Blockstream Liquid Bitcoin sidechain. The site intends to raise $ 50 million.

The minimum investment will be $ 150 thousand, The Block reported.

BTSE offers spot and futures trading, loans and debit cards, as well as an OTC platform. The exchange has a joint mining venture with Blockstream.

In 2020, BTSE intends to earn $ 103 million, and by the end of 2021, monthly volumes should reach $ 70 billion.

In the first three months after the token sale, the exchange will redeem tokens. She plans to burn 100 million coins and leave 100 million in the market.

Private token sale started back in October. The completion of the three-round campaign is scheduled for February 2020.