ICO to be Popular Again, BitMEX CEO Says

Arthur says despite the fact that in 2018, the ICO market turned out to be almost dead, it will be able to recover
26 December 2018   676

ICO will become popular in the next 18 months, which in turn will lead to an “aggressive increase” in Ethereum prices. Such an opinion in an interview with Cointelegraph was expressed by the head of the BitMEX exchange Arthur Hayes.

The use case for Ether is primarily ICOs. That market is dead right now. Once there are new issues, then Ether will rebound aggressively. When the ICO market returns, Ether will quickly test $200. The timing of the ICO rebirth is 12 to 18 months out.

Arthur Hayes

Head, BitMEX

According to him, despite the fact that in 2018, the ICO market turned out to be almost dead, it will be able to recover. However, whether these will be the same levels as in 2017, Hayes did not comment.

As for the coming year, the head of BitMEX believes that stablechains will come first.

Security tokens and stablecoins will prove attractive sirens for investors in 2019. While their fundamental raison d'etre is flawed, investors in this time of pain will latch onto anything they believe will be their ticket to easy riches.

Arthur Hayes

Head, BitMEX

Speaking about the price of Bitcoin, which he predicted to fall to $ 2,000 in early November, Arthur Hayes suggested that in 2019 the first cryptocurrency would trade in the corridor between 1,000 and $ 10,000.

Earlier, BitMEX estimated the prospects of the 12 largest ICO-projects, which collected more than $ 50 million, and their tokens after entering the secondary market. The study dealt with Telegram, Filecoin, DFINITY, Polkadot, tZero, Basis, Orchid Protocol, Hashgraph, Rootstock, Algorand, Cosmos and Oasis Labs tokens. Hayes expressed the belief that they all deliberately postpone the launch of tokens in the secondary market, since their price will directly depend on investor sentiment, rather than fundamental factors.

KuCoin to Unveil First Spotlight IEO Info

First initial exchange offering at Spotlight will be MultiVAC, "a high-throughput and flexible blockchain platform based on trusted sharding computing"
25 March 2019   60

Representatives of the KuCoin marketplace shared some details of the first tokensale on the Spotlight IEO platform.

Let's put our Spotlight on MultiVAC!

It's my pleasure to introduce the pioneering all-dimensional sharding and flexible blockchain to you: MultiVAC, which is also the first project of KuCoin Spotlight.

Michael Gan

CEO, Kucoin

He added that additional details about the first IEO project at KuCoin will appear soon.

As previously reported, a new exchange's token, KuCoin Shares (KCS), will be used to purchase the assets of new projects at Spotlight. To participate in the tokensale users will need to be verified.