Tagged: tim draper

#CryptoInvestSummit : Crypto May Be Down, But Interest Increases in Digital Assets

Last week during LA Blockchain Week, the Crypto Invest Summit took place at the Los Angeles Convention Center. This event followed a successful Spring event where over 4500 individuals registered but organizers struggled to handle the sudden rush to attend the event. The Fall CIS… Read More

Tezos Class Action Suit Will Proceed with Crypto Investor Tim Draper and Bitcoin Suisse Exempted

Two defendants in a class action suit against the beleaguered but rich blockchain project Tezos have been exempted by a judge, though the case will proceed against the Tezos Foundation and DLS. The decision by California Northern District Judge Richard Seeborg was filed yesterday in… Read More

Sentinel Protocol Raises US$27M & Partners with Bibox Exchange

Sentinel Protocol, a crowdsourced threat intelligence platform built on the blockchain, has not only signed a partnership with Bibox Exchange but announced a $27M funding windfall. Bibox has agreed to deploy Sentinel Protocol platform to protect its users but list Sentinel Protocol’s UPP token. “Exchanges are… Read More

Malta Government to Hold Blockchain Summit this Fall

Silvio Schembri, the Junior Minister for Financial Services, Digital Economy, and Innovation has announced the launch of the government’s first official blockchain event. The Delta Summit will become Malta’s official blockchain event as it seeks to become the blockchain island. Schembri said that the Delta… Read More

Jimmy Song Questions Tim Draper’s Claims of a Blockchain Panacea

On May 8th, venture capitalist Tim Draper, Bitcoin software developer Jimmy Song and crypto hedge fund manager Kyle Samani engaged in a tense debate about the viability of enterprise blockchains and supposed utility of “crypto asset” ICOs (Initial Coin Offerings). Draper began by invoking the… Read More

Blockchain Disruption: Heard at Crypto Invest Summit

The Crypto Invest Summit (CIS) in Los Angeles this week, rebranded from previous “Crowd” events, was a standing room only conference this year. Organizers sold out of tickets in the last weeks as demand was high for the cryptocurrency / blockchain focused gathering. More than… Read More

Bitbounce Launches New Cryptocurrency Exchange: CredoEx

Tim Draper backed Bitbounce is launching a new cryptocurrency exchange. Bitbounce may be best known for the issuance of Credo tokens via an initial coin offering in 2017 that raised $11+ million. Bitbounce’s first focus was a cryptocurrency spam solution using the Credo token to… Read More

Switzerland and the Global Regulatory Competition for ICOs

The CryptoSummit 2018 organized by Blockchain startup Smart Valor gathered more than 1,000 attendees from 47 countries in Zurich. One of the recurring themes of the conference presentations was the regulation of Initial Coin Offerings (ICOs). Many participants pointed out that there is now an… Read More

Blockchain Payments Infrastructure OPEN Gets Backing from Tim Draper’s Dragon Fund

OPEN, a blockchain payments infrastructure for apps, has received the backing of Tim Draper’s Draper Dragon Digital Asset Fund, according to the company. Draper is a huge investor in the crypto space. While the amount of the investment was not shared, Draper’s Dragon Fund typically… Read More

Blockchain-Based Data Exchange C2B Datawallet Celebrates $40M Token Sale

Datawallet, a leading C2B blockchain-based data exchange, announced that its DXT token sale has sold out after reaching its goal of $40 million USD. The pre-sale, which started on January 22, 2018, was available to Datawallet’s earliest supporters on a first-come-first-served basis, with the final… Read More

Fresh from $6.5M Round, NYC Fintech EquityZen CEO Atish Davda Discusses Investment Access and Liquidity for All

EquityZen, a New York-based Fintech firm that operates a secondary marketplace for company-approved transactions in pre-IPO stock, has a mission: to improve the way startup employees are paid by unlocking the value of their equity compensation in a way that benefits all key players, including the… Read More

Another Day, Another Class Action: Tezos ICO Sued by GGCC, LLC in California

The Tezos legal battle continues as the Restis Law firm in San Diego, along with Lite DePalma Greenberg, have filed a class action law suit in the state of California on behalf of GGCC, LLC against Dynamic Ledger Solutions (DLS), Tezos Stiftung (a Swiss Foundation), Kathleen Breitman… Read More

Florida Law Firm Files Class Action Against Tezos ICO

The Tezos Initial Coin Offering (ICO) has been hit with another class action filing, this time in Florida. Filed by the law firm of Silver Miller in Coral Springs, the legal action is on behalf of plaintiff Alejandro Gaviria. The suit names founders Kathleen and… Read More

Crowdfunding TV Show “Meet the Draper” Set to Premiere on Sony Entertainment Television This Weekend

Meet the Drapers, a crowdfunding TV series that allows “regular” people to become investors, is set to premiere this Sunday (November 19th) on Sony Entertainment Television.  As previously reported, Meet the Drapers will include the participation of Bill Draper, who was a founding investor in… Read More

The SEC, the ICO and Avoiding the ICU: A Call for Leadership and Action

As a securities lawyer and a sometimes advocate for smart regulation of capital formation, I must confess: When it comes to addressing the current state of the Initial Coin Offering (ICO) marketplace, I believe that market participants face a crisis of growing proportions. No Hype… Read More

ICOs are Securities: Token Based Offerings Poised for a Rude Awakening as US Regulators May Soon Act

The US Securities and Exchange Commission (SEC) pumped their regulatory brakes on Initial Coin Offerings (ICOs) earlier this year. Pointing to the DAO debacle, the Feds said if a tokenized offering is a security it will be regulated, end of story. This  statement was a long… Read More

Bitbounce Adds Tim Draper to Board of Advisors

Following the successful Initial Coin Offering (ICO) of Credo Tokens, BItbounce is announcing that Tim Draper, a prominent VC active in the crypto space, has joined their Board of Advisors. Draper was an early backer of Bitbounce, investing in the Credo ICO this past summer…. Read More

Credo Closes ICO at $12 Million in ETH

The Credo Initial Coin Offering (ICO), by Bitbounce, closed last week after raising a total of approximately $12 million dollars worth of Ether. Organizers had indicated their target amount for the ICO was $10 million. The offer was launched just as the US Securities and… Read More

Credo ICO is at $8.3 Million, Organizers want to top $10 Million

The Credo Initial Coin Offering (ICO), listed on Bitbounce, is in full swing having currently raised over $8 million.  But Credo organizers want more. In less than 3 5 days, Credo wants to push that number to over $10 million. According to a note distributed by… Read More

Here is Tim Draper’s Open Letter to the SEC Regarding ICO Regulation

Tim Draper, a well known Venture Capitalist who is very active in Fintech, posted an open letter last week addressed the Securities and Exchange Commission regarding the recent comments on regulating Initial Coin Offerings. The letter was published in conjunction of the launch of the… Read More

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