ICO impact

More from our Year in Review series; funding for Wyre; Overstock's share issue; a Japanese consortium grows  View this email in your browser December 16th, 2016 "Things may come to those who wait, but only the things left by those who hustle." – Abraham Lincoln Got this from a friend? SUBSCRIBE HERE As part of our Year In Review series, Iliana Oris Valiente, the cofounder of Rubix, takes a look at the expanding world of initial coin offerings (ICOs). Advocates say that the ICO model is changing the rules of investment for issuers, investors and regulators. According to Iliana, concerns about the ability of prospective investors to fully understand the suitability of the asset – and the lack of protection usually offered – highlight the increasing need for regulation. Yet the complexity of the technology, as well as the difficulty of controlling the movement of decentralized investment vehicles, make ICO regulation particularly difficult. To help with this, Iliana urges regulators to learn from the community. (You can see more of our 2016 Year in Review series HERE.)   Read the full story Share Tweet You asked, we listened. In response to an increasing number of requests, we're launching CONSTRUCT, a series of invite-only summits for developers. The first will take place this January in San Francisco. We're bringing together ~350 senior technologists from bitcoin, ethereum, hyperledger, and other blockchain communities, as well as related industries such as network security, identity + access management, and financial services. Want to come? 😎 APPLY TO ATTEND 😎 Wait, there's more: 5 Things the Blockchain Industry Needs to Stop Saying in 2017 *Year in Review*: Bailey Reutzel gives us an entertaining takedown of five tired talking points that don't help with understanding the blockchain. Among her pieces of advice: let's stop making outrageous price predictions, applying blockchains to everything, complaining about complainers, talking nonsense about code being law, and trying to make senseless analogies. Read more.   Zcash Nears $40 in Ongoing Price Decline The price of ZEC (Zcash's native currency) is nearing its all-time low of $40. Since there is little sign of practical use at this stage, traders seem to be treating it as a speculative instrument. Read more.   Overstock Raises $10.9M in First Blockchain Stock Issuance US e-tailer Overstock has completed the first-ever issuance of Series A preference shares on the blockchain. Of the $10.9m total raised, $1.9m came from shares that will be traded on the tØ blockchain, developed by Overstock subsidiary Medici. Read more.   Japanese Blockchain Consortium Grows to More Than 100 Japan's Blockchain Collaborative Consortium (BCCC) has grown to more than 100 members since its inception in April. Participants now include tech companies, financial institutions and blockchain startups. The consortium also established a Blockchain University, which has now graduated over 100 developers. Read more.   Wyre Raises $5.8M for Cross-Border Blockchain Payments Blockchain money-transfer startup Wyre has raised $5.8m in Series A funding from investors in China and the US. This round coincides with the launch of the company after 10 months in private beta. The San Francisco-based service uses public blockchains to facilitate almost immediate payments between banks in different countries, with a focus on the China-US corridor. Read more.   Go to CoinDesk BTC: $779.73 +0.3%  ETH: $7.81 -2.0% @10:00 EST - More price details Have you answered our survey yet? 😁 If you haven't, you're still in time to do so and have your name entered into a draw for a $100 Amazon gift voucher. Now wouldn't that be a nice holiday surprise? 🎁 TAKE THE SURVEY  🎁 PRESS RELEASES   15, Dec - Press Release: Young's Fine Art Cooperates with Bidpoc Project to make Art Transaction Intelligible 13, Dec - Press Release: FlashFX Uses Ripple and XRP 13, Dec - Press Release: CoinDesk and Brave Software Partner on New Content Revenue Model with Private Micropayments and Focus on User Privacy What do you think of this email? Do you like it? Do you hate it? I'd love to hear from you - just hit "Reply" and let me know! And if you like it, how about sharing it with your friends by tweeting, posting or simply forwarding? We'd really appreciate it.  Share Tweet Copyright © 2016 CoinDesk, All rights reserved. You're receiving this email because you subscribed for updates on our website. Our mailing address is: CoinDesk 636 Avenue of the Americas New York City, NY 10011 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list