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   1444

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.

Neo Foundation to Withdraw $11M From Cold Wallet

These funds will be used to finance its operations in currrent reporting year and $190M are stiill in the vault
26 March 2020   905

On March 25, the Neo Foundation announced the withdrawal of 1,660,865 NEO ($ 11 million) from the cold wallet to finance its activities in the current reporting year. About $ 190 million are still in reserves.

According to rules established in the Neo White Paper, the NEO tokens maintained by the Neo Foundation are mainly used to continuously support Neo's technological development, ecosystem growth, community expansion and the normal operations of the foundation and related organizations. 


Neo Foundation

According to the publication, 1,660,865 NEOs were transferred “from a blocked account to a current account”. As the information on the blockchain shows, these funds were directed to an address containing 14.6 million NEO or about $ 100 million. The project does not disclose who controls this address and what fate awaits the released tokens.

White paper Neo suggests that project costs in any given year should not exceed 15 million tokens. In the near future, a financial report for 2019 will be published.

At the time of publication, NEO is the 23rd largest asset on the market with a capitalization of $ 479 million. The price of one NEO is $ 6.79.