5 Years Ago

South Korean Messaging App Operator Kakao, Has Raised Over $90 Million

BBFTA News Editor | | PERMALINK

Kakao has just raised over $90million in a private coin offering / Initial Coin Offering (ICO) and is looking to raise a further $300million.

This is being touted as evidence that the “Crypto Winter” is over - but as they say ‘one swallow does not a summer make’. Kako targeted existing users, larger investors, and funds, and is looking to launch a blockchain platform that will target games and travel apps.

The blockchain platform is called Ground X and includes game developer Wemade Entertainment Co, Watcha Inc., and Travel Agency Zanadu as they look to expand the number of users to over 10million in the next year.

So far in 2019, we have seen 65 ICOs raise over $554million which is substantially less than 2018, but shows that ICOs are still being used to finance businesses. Kakao demonstrated that it is still possible to use the ICO as a funding mechanism, but only by accepting vetted typically High Net Worth private clients and institutions. This remains a long way from the ICOs that raised tens of Millions from thousands of private clients which many called were calling the democratization of capitalism last year…

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Investment
ICOs
https://www.ccn.com/kakaos-crypto-arm-rakes-in-...s-only-ico

French President Macron encourages Europe to use Blockchain to innovate its agriculture industry

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France is currently looking at new regulations, Pacte Bill, for French based companies that will potentially make using  ICOs to finance their business much easier as it aims to stimulate its economy.

Emmanuel Macron said this week “Blockchain can bring transparency to agricultural production and distribution to assuage mounting consumer concerns about products’ provenance and sustainability” Blockchain is gaining increased traction in many countries as it can help improve supply chain management and offers superior produce tracking and provenance. A report issued 2018 forecast that blockchain in the agriculture market could be worth over $400 million by 2023.

Walmart have been using Blockchain technology for a while for all its green leaf products as it aims to offer customers the ability to know where and when products have been grown. In February 2019, the Chinese government issued a new framework to promote the use of blockchain in the agriculture sector.

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Blockchain
ICOs
https://bitcoinexchangeguide.com/french-preside...-big-deal/

Evolution of the Digital Asset Market

BBFTA News Editor | | PERMALINK

People often are frustrated at the speed of developments in the Digital Asset sector with a thirst for more clarity from tax offices, governments and regulators.

However, the market has and continues to mature relatively quickly as ICOs are giving rise to STOs and exchanges and custody services are being created.

There are now an incredible 178 Crypto exchanges globally, so start looking out for consolidation and mergers of exchanges. Asia now dominates Crypto trading while Bitcoin volumes continue to rise despite the fall in its price. This review of Digital Assets from Anton who has a PHD in Blockchain from Berkeley in the USA is worth a read.

#FrontierInsights
Digital Asset
ICOs
STOs
https://blockchainatberkeley.blog/the-evolution...f4c5de176c