Fun

Kim Dotcom’s Planned Token Sale Is Off, Says Bitfinex

News Feed - 2019-11-06 11:11:05

Bitfinex and a blockchain project launched by Kim Dotcom have “mutually agreed” to part ways, scuppering a planned initial exchange offering (IEO) for the controversial internet entrepreneur.


Citing the current “regulatory environment” and the “risks associated with raising funds” for the project, Bitfinex said in a blog post Wednesday that it was in the interest of its “community” not to host the sale of Dotcom’s kimcoin token.


Dotcom was notably the founder of Megaupload, a file-sharing site shut down in 2012 for violating piracy laws by the U.S. Department of Justice. He’s currently still in the process of appealing extradition to the United States from New Zealand where he resides.


The K.im project is a blockchain-based content-monetization network, touted on its website as “providing a comprehensive suite of advanced services and technologies to manage, protect and sell every digital content.”


The IEO model of fundraising emerged in 2019 and sees exchange platforms offering listing support and launch campaigns for new startup tokens. To date, Bitfinex has conducted token sales for projects Dusk, Ampleforth and Ultra, among others.


Image via Kim Dotcom/Twitter

News Feed

Bitzlato Exchange Busted as US Deals ‘Blow to Crypto Crime,’ Arrests Owner
Bitzlato Exchange Busted as US Deals ‘Blow to Crypto Crime,’ Arrests Owner Cryptocurrency exchange Bitzlato, better known to the Russian-speaking segment of the market, has bee
Here’s the 6 biggest crypto VC deals in Q1 2024 and late 2023
Helen Partz10 hours agoHere’s the 6 biggest crypto VC deals in Q1 2024 and late 2023The volume of crypto VC funding in Q1 2024 surged for the first time since the start of the crypto winter in 2022.3125 Total views11 T
The Best Crypto Debit Card – BlockCard
The Best Crypto Debit Card - BlockCardCrypto debit cards are a great way to get instant purchasing power from your Bitcoin, Bitcoin Cash, or other cryptocurrency. They act as the ef
Bitcoin, Ethereum Technical Analysis: ETH Remains Above $3,000 as Markets Consolidate
Bitcoin, Ethereum Technical Analysis: ETH Remains Above $3,000 as Markets Consolidate Following yesterday’s rally in crypto, prices consolidated on Wednesday, as markets wer
Bitcoin History Part 21: Miners Pour One out for Satoshi
Bitcoin History Part 21: Miners Pour One out for Satoshi There are a few ways of looking at bitcoin mining. As an ostensibly selfish enterprise, wherein miners are seeking to ext
XRP price hasn’t seen $1 since 2021 — but this could change in Q4
Yashu Gola11 hours agoXRP price hasn’t seen $1 since 2021 — but this could change in Q4Three big catalysts for a potential XRP price boom include technicals, significant whale accumulation and the nearing resolution
Safemoon Product Launch Hits a Snag, Project Bombarded by Accusations, Community Deflects Criticism
Safemoon Product Launch Hits a Snag, Project Bombarded by Accusations, Community Deflects Criticism A cryptocurrency project called Safemoon has been trending in
Bitcoin, Ethereum Technical Analysis: BTC Back Above $19,000 to Start the Week
Bitcoin, Ethereum Technical Analysis: BTC Back Above $19,000 to Start the Week Bitcoin started the week trading above $19,000, as bulls made a sluggish return to the token, followi
XRP Is The Best Looking Altcoin Chart Right Now, Says Crypto Analyst
Este artículo también está disponible en español. Renowned trader and market commentator Jacob Canfield (@JacobCanfield) has identified XRP as the standout performer amon
Crypto Companies Establish Presence, Hire Talent in Ireland
Crypto Companies Establish Presence, Hire Talent in Ireland With a friendly attitude towards financial innovation, the Republic of Ireland has become a desired d
XRP’s Market Price Gains on Upcoming Sologenic Airdrop, XRP Whales Start Moving Millions
XRP"s Market Price Gains on Upcoming Sologenic Airdrop, XRP Whales Start Moving Millions The digital asset xrp has gained more than 10% in value during the last seven days, shruggi
Bitcoin Rally To Continue If This Level Holds, Is $110,000 The Next Stop?
Este artículo también está disponible en español. After surpassing its $100,000 milestone, Bitcoin (BTC) recorded its largest retrace in the past month before recovering.