Icon ICX

Icon Foundation Giving Away $570,000 Worth of Tokens To Introduce New Proof-of-Stake Network

Max Moeller

Icon, a popular blockchain project designed for building and connecting different decentralized networks, is looking to become more decentralized itself, reports Decrypt. Some blockchain projects are open-source, while others, like Icon, have a dedicated team behind them that writes code, controls assets, and much more. However, they’re looking to decentralized with something called ICONSENSUS, a…

IBM

IBM Expecting $12.80 In Profit Per Share After Projected Earnings Drop

Max Moeller

Unfortunately for the computer giant, IBM reported a lower earnings forecast this year in its latest quarterly report. This change is mostly due to the company acquiring Red Hat, an “American multinational software company providing open-source software products to the enterprise community,” last month. According to CNBC, this lowering “reflects a $2.2 billion purchase-accounting adjustment”…

Facebook Continues To Thrive Despite Regulatory Battles

Kane Pepi

It’s been a somewhat tough couple of years for the world’s leading social media giant.  First and foremost, Facebook has had to deal with ongoing pressures from both US and European lawmakers with respect to its wide-spread privacy failures. The result? A mere $5 billion settlement from the US Federal Trade Commission, and the Securities…

Chinese Company RenrenBit Raises $21 Million in Controversial Token Sale

Viraj Shah

RenrenBit, a Chinese crypto lending firm, recently raised $21 million via a token sale. The company circumvented Chinese law to make its tokens available to the public. How is RenrenBit changing Chinese token sales? The Chinese government has been hostile towards the cryptocurrency industry and has cracked down very heavily on both crypto miners as…

German Regulator BaFin Approves Tokenized Real Estate Bonds

Viraj Shah

The German Financial Market Supervisory Authority (BaFin) recently approved the issuance of tokenized real estate bonds using blockchain on Tuesday. This is BaFin’s first approval for a blockchain-based asset. Fundament Group takes the lead German company Fundament Group led the effort to get the regulator’s approval for the real estate bonds. The Berlin-based company specializes…