Regulatory framework for ICO in Lithuania

Regulatory framework in Lithuania for ICOs

“Lithuania doesn’t have a track record of world-famous tech startups, and we didn’t have access to large VC funds. ICOs and crypto communities remove boundaries so that no matter where you are located, only the team, technology and idea matters.” – Vladas Jurkevičius, CEO of Lithuanian digital identity startup Safein.

One of the greatest things about cryptocurrency is that it gives nations a chance to compete on an even keel. It doesn’t matter what your GDP is, or how many nukes are locked in your bunker: on the internet, everyone’s equal. This has given countries that have traditionally lagged industrially and economically a chance to make amends. From tiny islands to humble nation states, a series of global outposts have made it known that they’re open for crypto business. This makes cryptocurrency a Great Leveler.

Lithuania has seized this opportunity by creating a favourable regulatory eco-system around crypto currencies along with a solid infrastructure of fast internet. Lithuania is excelling in issuing new digital currencies, or “Initial Coin Offerings” (ICOs) – over the past year, they have raised half a billion euros from ICOs and blockchain-based businesses. The influx of real cash for digital units has helped Lithuania’s economy to grow by 3.1% this year compared to the average 2.3% for the rest of the EU.

ICO returns are declining; best strategy sell the tokens within six months

Research conducted by Boston College Study says – About 56 percent of crypto start-ups that raise money through token sales die within four months of their initial coin offerings. The researchers who examined 2,390 ICOs that were completed before May, stat that only 44.2 percent of start-ups survive after 120 days from the end of their ICOs. The study also highlighted that The strongest return is actually in the first month and once you go beyond three months, at most six months, they don’t outperform other cryptocurrencies.

Some of the reason we see a decline in the returns is start-ups have become savvier about pricing coin offerings and more have people jumped into ICO investing. Read more at Bloomberg Continue reading “ICO returns are declining; best strategy sell the tokens within six months” →

July 10, 2018

crypto.com sold for $10M?

crypto.com is rumoured to have been sold for $10M. The domain rights were held by Prof. Matt Blaze since 1993. Since this domain almost acts as a torch-bearer to the crypto industry it became extremely important to get into the right hands. Quite obviously, the professor received many proposals to buy the domain. But it was only when Hong Kong-based Monaco came into the picture, did the professor feel comfortable to part with the domain. Monaco is a crypto project best-known for developing a crypto debit card and has done a $25M ICO in 2017.

Oasis Labs successfully raises $45 million in a private token pre-sale

09-July-2018- 5th post — Oasis Lab raised 45$ million in token presale

Cloud computing startup Oasis Labs are focusing on developing a blockchain platform aimed to rival Amazon Web Services raised $45 million in a private token pre-sale. With contribution coming from Accel, Binance, Pantera, Polychain, Metastable, Foundation Capital, Electric Capital, DCVC and Coinbase co-founder Fred Ehrsam, it was led by Andreessen Horowitz’s new “a16z” crypto fund. As per Oasis CEO Dawn Song – once the core features are developed, they will be deployed to the company’s private test network – slated to be opened to the public soon.