The first IPO of tokenized shares launched in Seychelles. The Seychelles National Stock Exchange today launched its initial public offering (IPO) based on tokenized shares. MERJ Company issued 1,652,893 new shares at a price of $ 2.42 per share, in order to raise $ 4 million to finance the expansion of the business.
The shares, which are tokenized on the Ethereum blockchain, will be available both on the Seychelles stock exchange and through the broker-dealer Jumpstart and the crypto custodian Prime Trust in the US. They will also be available on the Globacap fundraising platform in the UK.
Tether donates $ 1 million to victims of Hurricane Dorian in the Bahamas
Controversial company Tether has announced its first charity – it will donate $ 1 million to victims of Dorian organ. The disaster affected more than 400,000 people in the Bahamas.
Tether is donating $ 1M and has set up an address to collect donations in Tether (USDt) to support humanitarian relief efforts in the wake of the devastation caused by Hurricane Dorian.
For more details: https://t.co/wVx20qTfU2 pic.twitter.com/Ux4aqeqLtT
– Tether (@Tether_to) September 10, 2019
Tether has announced that the funds will be donated through a non-profit charity called Deltec Cares. It works to help victims in the region. He also opened two accounts dedicated to donations, where those interested can participate with USDT in helping hurricane victims.
It is worth mentioning that the issuer of USDT has collaborative relations with Deltec Bank & Trust Limited, which has its main office in the Bahamas.
The pound will not include the Chinese yuan in the list of reference currencies
According to a report published by Bloomberg, Facebook has communicated to the US Senate the list of fiat currencies on which the new stable cryptocurrency Libra will be based. This includes the Euro, Yen, British Pound, US Dollar and Singapore Dollar. It is worth noting that the Chinese yuan is not included in the plans.
The list of fiat currencies came after Virginia Democratic Senator Mark Warner said China could put pressure on Facebook to include the yuan in the list of fiat currencies the Libra will rely on.
The company explained that the decision to add new fiat currencies will depend on the Libra Association, which includes nearly 30 members at present.
LG could launch its own blockchain smartphone.
According to information released by the Korean news agency Chosun, it is highly unlikely that LG will launch its own blockchain smartphone. The decision could be due to the fact that Samsung has already launched such phones.
“LG is likely to respond to Samsung’s innovative initiative, but is looking for a different way to apply the technology,”
explained a source. For example, when Samsung released a foldable phone, LG released a dual-screen version.