Havven to release USD backed coin

Stable coin nUSD for the Havven network is coming out on June 11 and will offer a solution to price volatility
04 June 2018   491

Havven is releasing its stablecoin nUSD on June 11. The release marks the launch of the Havven network. nUSD is claimed to provide a mechanism to mitigate the price volatility in the blockchain ecosystem. The network itself is notable as it uses a peculiar stability mechanism that rewards havven-holders for providing stability to nomin users.

Havven is collaborating with intimate.io, Swapy and Deconet to make use of nUSD on the aforementioned platforms. First nomin iteration - eUSD, can still converted into ETH (vice versa option is deactivated prior to nUSD release). eStore, an eCommerce platform with nomins support is closed to public until the release of nUSD.

Havven is a decentralized payment network where transactions fees are collected from users of the network. At the moment of publication, the Havven market parameters are as follows:

Average price 0.575490 USD
Market cap 35,073,679 USD
Volume (24H) 1,493,690 USD

Ex S&P President to Invest in iComply Startup

The startup is aimed at developing tools and services to meet the regulative standards for blockchain start-ups
14 August 2018   109

Startup iComply, working in the field of regulatory technologies and compliance with standards, has just completed the initial round of financing, which was headed by former Standard & Poor CEO Deven Sharma, CoinDesk reports.

IComply, aimed at developing tools and services to meet the regulative standards for blockchain start-ups (especially for those that conduct ICO), said on Monday that it attracted a seven-figure sum during this invest-round, but did not say the exact figure. The round was also attended by DMG Blockchain and Block X Capital.

In addition, iComply reported that it was joined by former employee of the Commodity Futures Trading Commission (CFTC) Jeff Bandman, former Managing Director of NASDAQ and the Financial Services Industry Regulation Service (FINRA) Manny Alikandro, MIT Connection Science program member, Praveen Mandal and Prosecutor Thomas Linder.

According to Sharma, he decided to invest in the startup iComply, because the project "is focused on services for ICOs related to risks and compliance with standards." Compliance with the standards, he said, will ensure the transparency of ICO issuers and thereby help to ease the concerns of regulators.

Sharma also believes that iComply can contribute to the spread of crypto technologies, helping the entry of traditional financial services into this industry.

My interest is to see iComply evolve into a benchmark that investors can use to assess credibility of issuers, sustainability of underlying services and the price of ICOs. iComply's patent-pending software enables both security and utility tokens to monitor and document compliance, governance and risk procedures, before a public blockchain executes an immutable trade, providing trust, integrity and transparency for our clients. There have been a few ICOs that had a fundamentally robust offering that I understood and did interest me [but I] missed the opportunity. Others that have transparency from a service like iComply, I would [invest in].

Deven Sharma

Ex-president, Standarts & Poors

It is the ideas of transparency and trust, according to Sharma, that sparked his interest in order to start working with the blockbuster.