Vitalik Buterin spoke on the topic of safety and effectiveness of ICO

Coder from London created rules for ICO and creator of Ethereum shared his thought about it
29 June 2017   1206

Distributed database that is used to maintain a continuously growing list of records, called blocks


 An open-source blockchain-based distributed computing platform featuring smart contract functionality, which facilitates online contractual agreements 

Blockchain community tries to improve the ICO process to avoid technical and other issues happening, like recent Bancor ICO.

Matthew Di Ferrante, coder from London, created few rules for safe and convenient ICO process.

  1. The money raised be released all at once to the development team.
  2. Give investors the ability to set personal caps on valuation.
  3. Change of ICO during and the week before is absolutelly forbitten.
  4. Token resale by the investors is forbitten for 3 months after the ICO.

Matthew asked community's opinion on these rules and Vitalik Buterin, creator of Ethereum, replied to him.

Buterin liked the idea but also added:

  1. Token resale ban isn't good because it can lead to the "wrapped contracts";
  2. Market-driven killswitch is better than democraty-actived killswitch. To prevent malicious "draining" of the developers funds, he proposes the mechanism where tokens bought back for X$ were resold for the same price. 

Line to Launch Bibox Exchange in Singapore

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem
16 July 2018   110

One of the most popular messengers in Asia Line has launched a Bitbox exchange in Singapore. Trading on the platform started this morning and is limited to pairs with crypto-currencies, Cryptovest reports.

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem.

BITBOX is only for trading cryptocurrencies (Digital Tokens). Fiat currencies (USD, KRW, etc.) cannot be exchanged on BITBOX.

Bitbox Website

Bitbox charges a 0.1% commission and supports 15 languages, including English, Korean, Chinese, Spanish, French and German. In Russia, the US, Japan and some other countries, the exchange is not available.

At the beginning of the year, Line Group applied for a license to the Japan Financial Services Agency, but the process dragged on because of tightening of the regulator's requirements in the light Coincheck exchange hack. All crypto exchange, wishing to provide services in the Japanese market, are required to obtain permission from the local regulator.

Currently, Line is also in the process of obtaining a license in the US. The company decided to open its first trading platform for crypto-currencies in Singapore, as this city-state adheres to a progressive approach to the regulation of the digital currency sphere.

With cryptocurrency, we are going to take our challenge in financial services global.

Takeshi Idezawa

CEO, Line

In May, Line Group denied rumors that it intends to release its own token and distribute it through the ICO. Every month Line is used by about 200 million people. The messenger is extremely popular in Japan, South Korea and Thailand.