MERCATOX Lists FinShi Capital (FINS)

FinShi Capital (FINS) trading on MERCATOX exchange starts on March 27
27 March 2018   738

MERCATOX cryptocurrency exchange added FinShi Capital (FINS) to its market. FINS/BTC pair is available for trading.

About FinShi Capital

FinShi Capital is the first venture fund formed on blockchain technology. Anyone who has at least one dollar can become an investor. The fund was founded by Capinvest 21 venture fund and a group of Asian venture investors (Asia LP). During the next 2 years FinShi Capital is going to extend its portfolio by selecting at least 15 fintech and blockchain projects on Seed and A/B rounds.

FinShi CapitalFinShi Capital

FinShi Capital is currently reviewing more than 30 rapidly growing fintech projects, any of which might be invested in near future. Then the startups will grow exponentially, and after some time they will be sold to further investors and strategic buyers. Eventually the fund will be fully realized and its investors will get their cash back gaining 7х – 14х more, and the world will see new worthy IT companies.

More:

  • Website
  • Explorer
  • Whitepaper

All the information regarding new tokens and coins which are hitting the markets and exchanges in 2018 you can see in our calendar.

First Korean Crypto Fund to Close

Main reason of cryptocurrency fund closure is regulatory pressure
12 November 2018   77

Zeniex, a small South Korean exchange, which was also the operator of the country's first crypto-investment fund, closes amid government actions, Finance Magnates reports, citing local media.

The exchange opened in May 2018 and in the last 24 hours processed transactions for $ 410,000, according to information on its website.

We have come to the conclusion that continuing to operate such service will be difficult. We sincerely apologize that we were unable to meet the expectation of our Zeniex users and supporters.
 

Zeniex Team

As noted by Finance Magnates, the authorities did not take decisions regarding the platform for the exchange of cryptocurrency due to its modest scale, however, they were interested in its foundation called "Zxg Crypto Fund No. 1." The Financial Services Commission and the Financial Supervision Authority throughout October warned against the impermissibility of providing investment services of this kind without registration.

According to the information on the company's website, the fund intended to attract 1,000 ETH (about $ 211,000) in mid-September. Whether the required amount has been collected is not specified. At the same time, the company notes that the volume of attracted funds did not require it to register with the regulatory authorities of the country.

In the investment section of the company's website, two projects are listed: MultiVAC, “the next-generation public blockchain for large-scale and complex distributed computing,” and Blockcloud, which collected more than 1 million on the recent ICO.

Zeniex claims that he is forced to close his fund, because he "is experiencing and will experience difficulties in the light of the pressure of financial regulators." The company also promised to transfer all acquired tokens to investors.