Dragonchain, the blockchain startup that began as a Disney prototype, has raised approximately $13.7 million in an initial coin offering (ICO).
According to the Dragonchain site, roughly 30,521 ether and 622.47 bitcoin were contributed during the two-stage token sale, which began with a pre-sale in August and ended with the conclusion of a public sale that concluded earlier this week. The pre-sale itself raised approximately $1.4 million (152.25 BTC and 2357.53 ETH).
In statements, representatives for the firm said that the funding will go toward development as well as establishing a market for the firm's Dragon token.
The Cyprus Securities and Exchange Commission, Cysec, has revealed new details about its efforts to explore blockchain technology, hinting live trials might already be underway.
According to a report by Cyprus Mail, the agency is particularly interested in the regulatory implications of shared, distributed ledgers, and is testing how the technology could grant it greater oversight of over-the-counter markets.
The price of Stellar's lumen cryptocurrency is fast fading.
After rising to $0.05 last week, the value of the native token that runs the Stellar protocol is down 36 percent from that recent high today. At press time, the stellar-US dollar (XLM/USD) exchange rate is $0.033. Week-on-week, XLM is down 8.33 percent, while on a monthly basis, it is up 177 percent.
The decline follows XLN's rally of more than 100 percent on Oct.
Spanish banking giant BBVA and Mexico's largest financial institution, BBVA Bancomer, are moving ahead with the testing of an FX matching service built using distributed ledger technology.
Announced today in conjunction with the annual Sibos conference, the pilot was engineered by cloud-based asset trading solutions provider Calypso Technology and enterprise distributed ledger software firm R3.
The neo-US dollar (NEO/USD) exchange rate is showing signs of renewed life today.
As a China-based project, neo (formerly antshares) perhaps bore most of the brunt of the decision by the country's regulators to ban initial coin offerings (ICOs), falling nearly 40% over the day's trading on September 4. However, neo appears to now be recovering, posting a strong 10% gain today amid a dull market.
A general purpose blockchain designed to run smart contracts, and available in languages C#, Java and Go, the neo token topped out at $58.