ICOs on Tap This Week
There are plenty of initial coin offerings to watch this week in other countries, according to ICO Watch List. For example, on Monday, HashBux, a decentralized gaming platform, plans to launch an ICO in the United Kingdom, while Kora Network, which says it will create credit histories for people regardless of whether they have bank accounts, has one slated for Hong Kong. DateCoin, a social network, is on tap for Friday in Belize. Each of these new pending issues is based on the Ethereum platform. Read more here.
Building a case for blockchain use in the enterprise and using blockchain in real estate transactions for greater transparency will be among the topics on the agenda at the Blockchain West conference in San Francisco. The event runs from Monday through Wednesday. Jesse Lund, vice president of IBM Blockchain and Cryptocurrencies, will deliver a keynote address titled “Get Beyond the Hype: An Enterprise Blockchain State of Play for 2018.” Read more here.
ICORating Investment Summit
If you’re considering launching an ICO, you may want to attend the ICORating Investment Summit on Wednesday in New York. The one-day event will include sessions on successful ICO projects, potential legal pitfalls with ICOs and presentations from ICO funds. Grasshopper Capital, SuperAngles Ventures, Regulus Investment, Brazilian Crypto Fund, Tsingyuan Ventures, BlockTrade Investments, Salus Alpha Capital and other investors will be on hand. Leaders at companies that have launched successful ICOs will also be present, including executives at Neuromation, which raised $72 million, and HOQU, which raised $15 million. Read more here.
Last Week’s Events
UK Formed Cryptocurrency Task Force
U.K. Finance Minister Philip Hammond announced the creation of a cryptocurrency task force that aims to review the risks and benefits of virtual currencies, CNBC reported. The task force includes Britain’s central bank and the Financial Conduct Authority. The group is just one piece of the U.K. government’s financial technology strategy, which aims to establish industry standards and ease the path for fintech companies to partner with banks. The U.K., for example, is preparing to sign an agreement with Australia to enable U.K. fintech companies to sell their products and services in Australia. Read more here.
G-20 Wants Financial Action Task Force Standards Applied to Crypto Assets
G-20 members wrapped up a two-day meeting last Tuesday and committed to implement Financial Action Task Force standards as they apply to crypto assets worldwide, according to a conclusion statement issued by the group. The FATF standards address consumer and investor protections, tax evasion, money laundering, terrorist financing and market integrity. G-20 officials, including finance ministers and central bank governors, also called on standard-setting bodies to continue monitoring crypto assets and their risks according to their mandates. The G-20 issued a call for further action to various international organizations. Read more here.
Coinbase to Pull Support for Multisig Vaults
Coinbase last Tuesday said it planned to stop offering technical support for its multisig vaults by April 19. Coinbase will redeploy its resources from multisig to focus on the company’s platform and its security and reliability, Coinbase said. Multisig vaults, which were designed to allow users to manage their private keys and control their own security while using the Coinbase interface, have three keys: two held by the user and one by Coinbase. The company stressed that users need to ensure they have access to their two keys before the April 19 deadline hits. Read more here.