• Republic Note launches profit-sharing token
    Alt coins

    Crowdfunding platform Republic launches Note profit-sharing token

    The token sale for the Note comes as Republic embarks on a quest to democratize private investing and make it more accessible for the average consumer

    A glitzy video released by Republic says the Note allows anyone to “invest in tomorrow’s greatest minds and their brilliant creations, and succeed when they succeed.” A token sale is scheduled to commence on July 16. Each Note is going to be sold for $0.12, and an $8 million cap on sales is going to be in place.

  • Bison Trails supports ETH 2.0
    Ethereum

    Bison Trails rolls out support for Ethereum 2.0

    Platform co-founder Aaron Henshaw said he believes the first iteration of ETH 2.0 will launch this year, as Vitalik Buterin’s blockchain moves from proof-of-work to proof-of-stake

    ETH 2.0 will see the network transition from an energy-draining, expensive proof-of-work (PoW) consensus mechanism to proof-of-stake (PoS). This will effectively make miners obsolete, as blocks will instead be verified by validators who stake 32 ETH in order to run a node.

  • Bank of International Settlements backs CBDCs
    Politics

    CBDCs could be a ‘sea change’ for payments, Bank of International Settlements says

    The Bank of International Settlements has come out firmly in favor of central bank digital currencies (CBDCs) in a new report—calling them a potentially evolutionary change that can “set high standards for safety and risk management and serve as a basis for sound innovation in payments.”

  • Telegram SEC settlement
    Cryptocurrencies,  People,  Regulation

    Telegram and SEC agree on settlement, $1.2B to be returned to investors

    ‘We hope the regulatory environment for blockchain technology in the US becomes more favorable for others in the future,’ Telegram CEO Pavel Durov says

    For eight months, the encrypted messaging app and the regulator have been coming to blows—with the SEC claiming the company’s $1.7 billion sale of gram tokens was an illegal securities sale. Under the deal announced on June 26, Telegram would pay an $18.5 million penalty and return $1.2 billion—about 70% of the funds raised—to investors.