Chain choice

Mobius Network has raised $39 million in its token sale, opting to use the Stellar network instead of the more popular ethereum.

⛓️ ⛓️ January 25, 2018 ⛓️ ⛓️  "If you want to conquer fear, don't sit home and think about it. Go out and get busy."  ― Dale Carnegie Got this from a friend? SUBSCRIBE HERE THE FEATURE Why a $39 Million ICO Chose Stellar Over Ethereum "We look at ethereum like AOL or Myspace." That's how Mobius Network co-founder and CEO David Gobaud explains why his startup ran its initial coin offering (ICO) on the Stellar network instead of ethereum, the most popular blockchain for token sales. The comment underscores the growing interest in some corners of the crypto community for faster and cheaper payment rails as ethereum, like bitcoin, struggles to scale. Mobius announced Thursday that it has raised $39 million in the ICO — one of the larger recent token sales and the largest by far on the Stellar platform. The company accepted only Stellar's native currency, lumens (XLM), in exchange for its own token, known as mobi. According to Mobius, the sale hit its $39 million hard cap after only two hours, selling 35 percent of the total 888 million mobi tokens. But what's perhaps most striking about the sale was the choice of blockchain. Read the whole article Tweet Share Wait, there's more: Why a $39 Million ICO Chose Stellar Over Ethereum Mobius Network has raised $39 million in its token sale, opting to use the Stellar network instead of the more popular ethereum. Bitcoin Dev Jimmy Song Is Now at Blockchain Capital Blockchain Capital has announced that Jimmy Song, a bitcoin core developer, has joined the blockchain firm as a venture partner. Bitcoin Bull Reversal Sighted, But Momentum Proves Weak Bitcoin bulls seem to have gained an upper hand, but the cryptocurrency is still struggling to find follow-through buying today. Former Ripple Exec Invests $57.5 Million in Digital Money Platform Uphold Digital money platform Uphold has received a $57.5 million investment from former Federal Reserve analyst and Ripple chief risk officer Greg Kidd. SEC, CFTC Chiefs Eye Closer Crypto Scrutiny Two U.S. financial regulators are increasing their commitment to bringing closer scrutiny to the cryptocurrency industry, according to their chiefs. Arsenal Football Club to Promote iGaming Firm ICO iGaming platform provider CashBet has partnered with Arsenal Football Club in a deal that will promote the firm's new crypto token. Investors File Class Action Against BitConnect After Closure A class action suit has been filed against exchange and lending platform BitConnect, which recently closed following U.S. cease-and-desist orders. Ex-CFTC Commissioner Joins Crypto Exchange as Adviser Bart Chilton, the former CFTC commissioner, is now taking his regulatory expertise to decentralized cryptocurrency exchange Omega One. Audit Giant DNV GL Partners With Blockchain Startup to Track Assets DNV GL and VeChain are teaming up to develop a blockchain to track arack all shipments. Bitcoin Exchange Hit By Armed Robbers in Thwarted Theft Canadian police are looking for two armed robbery suspects, having arrested one after an attempted heist at cryptocurrency exchange Canadian Bitcoins. Digital Marketplace Startup Completes $15 Million Token Sale Listia announced Wednesday it had raised $15 million in an ICO and will launch its decentralized marketplace Ink Protocol next month. Bermuda Could Launch a Blockchain Land Registry Bermuda is moving toward setting up a blockchain-based system for recording property deeds, its premier said at Davos this week. Rapper 50 Cent Is Now a Bitcoin Millionaire Rapper 50 Cent's move to accept bitcoin for his 2014 "Animal Ambition" album has resulted in a multi-million dollar windfall. VersaBank Unveils 'Digital Vault' Blockchain Service VersaBank, based in Canada, is developing a "blockchain-based digital safety deposit box" as part of an effort to tap the tech for new services. Go to CoinDesk BTC: $11,191.14 -1.83%  ETH: $1,060.75 +0.26% @9:16 EST - More price details 👋 CoinDesk is Hiring 👋 Come join our great team here in New York City! Copyright © 2018 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