Stablecoin Project of Basis Confirms that it Is Shutting Down Due to Regulatory Hurdles

2018-12-14 18:25

Just yesterday, the crypto and investor communities woke up to news that the highly anticipated stablecoin project of Basis was ceasing operations and returning a majority of its funds to investors.

 Backed by Bain Capital Ventures, GV, Andreessen Horowitz, Lightspeed Ventures, Stanley Druckenmiller, Polychain Capital and more, Basis was meant to utilize its one of a kind […]

The post Stablecoin Project of Basis Confirms that it Is Shutting Down Due to Regulatory Hurdles appeared first on Ethereum World News.

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basis project stablecoin ventures capital hurdles confirms

Источник: ethereumworldnews.com

basis project → Результатов: 30


$133 Million Stablecoin Project of Basis is Reportedly Shutting Down

The Basis stablecoin project which had raised over $133 Million in venture capital, is reportedly shutting down and returning a vast majority of the funds to investors. Unlike other projects shutting down due to the bear market, Basis is shutting down due to regulatory hurdles as it tried to get the stablecoin project up and […] The post $133 Million Stablecoin Project of Basis is Reportedly Shutting Down appeared first on Ethereum World News.

2018-12-13 13:55


Stablecoin project Basis is shutting down and returning funds to investors because of regulatory pressure

Basis, one of the most well-known stablecoin projects, is shutting down and returning the majority of capital raised to investors, the Block reported citing multiple sources with direct knowledge. The company, which raised $133 million in funding, faced with regulators as it attempted to get its algorithmic stablecoin off the ground. As a result, Basis […]

2018-12-13 11:38


Фото:

TRON Blockchain to Augment BitTorrent Protocol

The TRON Foundation has revealed some details about Project Atlas, an experimental framework that aims to serve as a trailblazer for decentralized content distribution. In a press statement released on September 27, 2018, the foundation, which is building out an infrastructural basis for a distributed and decentralized internet experience, for the first time gave some details about the role of.

2018-10-2 11:00


Фото:

The Central Banks Of Australia And New Zealand Against Cryptocurrencies

The trend of ‘central banks’ talking about cryptocurrencies is warming up once more, with The Reserve Bank of Australia (RBA) and The Reserve Bank of New Zealand (RBNZ) weighing in on the debate. The pair have moved to debunk rumours that they are investigating in establishing their own central bank digital currency, on the basis that they believe such a project would inevitably damage their current banking system.

2018-6-26 17:00


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