Media Startup Civil to Issue Refunds as $8 Million Token Sale Fails

Civil, the New York-based startup aiming to put journalism on a blockchain, is to refund users who participated in its token sale, after failing to meet its pre-set minimum target. Matthew Iles, Civil’s CEO, wrote in a blog post on Tuesday that the startup closed sales of its proprietary CVL token on Oct. 15, falling short of the goal to achieve funding of at least $8 million. Having received a $5 million investment from ethereum startup Consensys last year, Civil started the initial coin offering on Sept. 18 to raise…

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Top Coins Today | Tezos and DigixDAO Lead the Pack

According to coinmarketcap.com, there are two top coins today. In the top 100, leading the pack and standing out for their double-digit gains are Tezos and DigixDAO. In 24 hours, both coins have increased almost 17%. So what’s going on with these two? Top Coins: Tezos and DigixDAO This morning, Tezos began listing on European exchange Kraken. The news has seen the coin increase nearly 17% in the 24-hour period. That is some gain. The 18th largest coin by market cap, Tezos (XTZ), began trading at 11:00 ET. To allay…

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Abu Dhabi, Belgium Ports Collaborate on Blockchain Trade Pilot

A subsidiary of Abu Dhabi Ports has partnered with Belgium’s Port of Antwerp for a blockchain pilot aimed to facilitate international trade. The proof-of-concept (PoC) trial will be conducted by Maqta Gateway using its own blockchain platform, Silsal, which was launched in June to address inefficiencies in the shipping industry and better connect importers and exporters. According to a press release, the trial is expected to help the companies handle trade documentation between the United Arab Emirates and Belgium, “providing full cargo visibility and streamlining trade flows and supply chains.” The pilot is…

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Do These Indicators Suggest a Bitcoin Price Rally Early in 2019?

Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization has enjoyed a staggering price increase in excess of 150,000 percent since it was first listed on exchanges back in July 2010. Since then, the cryptocurrency has also experienced multiple bull runs, bear runs (the longest of which consumed much of 2014 and 2015) and stronger media attention year on year. From a technical perspective, the relationship BTC has with traditional charting patterns is occasionally counter-intuitive to what one would normally expect. Take, for example, the descending triangle which is typically…

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