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EOS News

Second EOS ICO Has Raised $2.8 Million Worth Of DApps So Far

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FO6E3842CAC44 - Second EOS ICO Has Raised $2.8 Million Worth Of DApps So Far

If you are following our altcoin news, you probably know that new cryptocurrencies are not raising money like they once did – even if we take marathon sales into account. The updates show that in the first half of 2018, the average initial coin offering (ICO) raised $25.5 million (PwC data) while the top performer was the first EOS ICO which raised a whopping $4.1 billion. Well, six months in, the second EOS ICO is on the way and has so far raised $2.8 billion worth of DAPP.

Yes – we are talking about the second ICO which aims to make EOS more usable and opts for a yearlong approach. Even though this ICO has not drawn as much investor interest as the first month, the solution named LiquidApps sold an impressive worth of DAPP.

This is why LiquidApps is building a second EOS ICO and a solution for the cryptocurrency and network running on the company’s DAPP token, which has been sold in daily auctions since February this year. At the end of the 233rd auction cycle on August 2019, the DAPP sale had raised $2.8 million worth of cryptocurrency.

“They’ve done an interesting job and [have been] innovative in learning from the Block.One sale and mechanics in crafting how a fundraise for a project should be done. Where they’ve struggled is, not just different market conditions, but finding the right investors and participants for their sale that fully understand the value proposition for the project,” a source with knowledge of the LiquidApps fundraise told many best cryptocurrency news sites.

LiquidApps has declined to provide any comments on the results of its token sale so far, even though there is ongoing pressure for comment.

For those of you who don’t know, the LiquidApps is a solution that is meant to take the pressure off the EOS blockchain and its RAM system, which has gotten bogged down as the computing resources have proven to be the scarce asset on the fourth largest blockchain by market cap.

Still, this effort seems to be garnering comparably little fanfare. Six months into the EOS sale, the startup behind the second EOS ICO named Block.One had raised $700 million, as a 2017 report by the Wall Street Journal shows.

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Bitcoin Cash News

Struggle Continues With BCH, LTC and XLM Showing Weak Signals

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struggle continues
The market struggle continues today, initiated by Bitcoin's constant up-and-down moments which make the total crypto market cap face a strong resistance near the $218 billion and $220 billion levels.As we can see in the altcoin news today, the Litecoin (LTC) price is still trading well below the main $60 resistance area, while the Bitcoin Cash (BCH) price is correcting gains and could test the $220 support line.Stellar (XLM) is above the $0.06 support area, and the EOS coin news indicate that the cryptocurrency recently failed to surpass the $3.250 resistance and is right now declining towards $3.050.In our Bitcoin Cash news, it is noticeable that the BCH price faces resistance as we speak and is somewhere near the $235 and $240 levels in that manner.The BCH/USD pair is correcting lower towards the $225 level now and it seems like the price could also test the $220 support area in the near term. The struggle continues as the main supports on the downside are near the $205 level. On the upside, it is evident that a clear break above $240 is needed for more gains towards the $250 and $265 levels.On the other hand, the Litecoin news now show that LTC recovered above the $55 level and struggled to gain momentum above $58.50, remaining well below the key $60 resistance area. The price is currently correcting lower and may soon test the $55 support area.EOS is part of the weak coins as the struggle continues. After it climbed higher recently and tested the $3.25 resistance area, the sellers appeared and brought the coin back to the $3.20 level. If there are more downsides soon, the price could test the $3.05 support area in the near term.Stellar (XLM) meanwhile climbed higher positively above the $0.0620 level. The Stellar Lumens news are actually the only bright side right now and it seems like the price could test higher levels soon.When looking at the total cryptocurrency market cap in the daily and weekly charts, we can see that the struggle continues. The total crypto market cap is facing strong resistance near the $218 and $220 billion levels - and the 100 SMA is also acting as crucial resistance point. A clear break above the $220 billion resistance and close above the 100 SMA is right now needed for an upside acceleration in the short term.
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Bitcoin Cash News

Destinia Launches Crypto Payments In Five Cryptocurrencies

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maxresdefault 1 - Destinia Launches Crypto Payments In Five Cryptocurrencies
The online travel agency from Spain has recently expanded its payment methods and added a lot of new possibilities in the form of cryptocurrencies. Destinia launches crypto payments in five cryptocurrencies available to all users in Spain. The firm has been known and featured in the crypto news before for allowing purchases through Bitcoin.However, the company now introduced five other crypto options, including payments in Bitcoin Cash (BCH), Eos (EOS), Ethereum (ETH), Litecoin (LTC) and Dash (DASH). As the company explained in a statement, the new features began testing in July through a payment pltform which included these cryptocurrency wallets. The system is currently fully operational and users can select the visualization of their crypto services online - or make the purchase using any of the six virtual currencies.The ETH news show that Spaniards could now use Ethereum besides Bitcoin to book travel deals on Destinia. For those of you who don't know, the travel agency has been accepting payments in Bitcoin from January 2014 and is one of the pioneers of cryptocurrency payments in the country.Now that Destinia launches crypto payments, the company prides itself in being the first European online travel agency to accept BTC payments (as they say). They have been featured in the Bitcoin news updates for some time and were established as a pro-Bitcoin medium. According to their reports, around 7.23% of its customers selected Bitcoin back in 2018 to book travel services.All of this signifies the importance of crypto payments in Spain. The incorporation of cryptocurrencies, according to Destinia, aligns with its strategic plan in relation to its technological development - which places the firm at the service of the user's needs.Besides cryptocurrencies, one can book travel deals on Destinia through PayPal, Amazon Pay, immediate financing with Aplázame or the Bizum mobile application. Cristina Verdi, who is responsible for payment and treasury methods at the firm, commented as Destinia launches crypto payments and said that with this latest update, "users can use different wallets to finalize their purchase and select the cryptocurrencies they prefer."All of this helps the company "obtain a fast, simple and secure process which is fundamental for the eCommerce user nowadays," Verdi concluded.  
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EOS News

EOS Price Increases By 10% After Block.One Settlement

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EOS price increases after the Securities and Exchange Commission has made a settlement with the blockchain company Block.one over the yearlong token sale for EOS as we reported earlier in the altcoin news today.The EOS token sale was the largest one of the year raising over $4 billion by naturally attracting the attention of the regulators. The SEC charged the blockchain company for conducting an unregistered initial coin offering of the tokens between 2017 and 2018 but Block.one neither confirmed nor denied the allegations but has agreed to pay a one-time fine of $24 million. The official statement found that the company used the funds for general expenses such as the promotion of the platform and software development and it stated that the company didn’t register the ICO as a securities offering according to the federal laws nor did it qualify for the registration requirements. The co-director of the SEC Division of Enforcement Stephanie Avakian stated:
 “A number of US investors participated in Block.one’s ICO. Companies that offer or sell securities to US investors must comply with the securities laws, irrespective of the industry they operate in or the labels they place on the investment products they offer.”
The company posted a response stating that the ERC-20 tokens were sold but are no longer traded or in circulation. The platform shifted off the Ethereum blockchain last year and on to its own EOSIO mainnet. The company added that the SEC granted an important waiver so that it won't become subject to restrictions that would apply usually with settlements of this type. It also added that this only shows that the regulator has been satisfied by Block.one’s ongoing compliance:
 “We are excited to resolve these discussions with the SEC and are committed to ongoing collaboration with regulators and policymakers as the world continues to develop more clarity around compliance frameworks for digital assets.”
As per the blockchain news today, the settlement news is bullish for the platform and EOS price increases today and the token is one of the top performers at the time of writing with a 10% pump on the day from $2.75 to $3.10. The daily volume surged from the $1 billion to $2 billion as EOS recently hard forked and hit a weekly high.
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EOS News

EOS Creator Must Pay Penalties Over Unregistered Securities Sale

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Apple Chief Says No
EOS Creator Block.One has to pay up to $24 million in penalties for conducting unregistered securities sale according to the US Securities and Exchange Commission announced just a few days ago as per the reports that we have in our crypto news today.The SEC stated in a press release that Block.One ‘’raised the equivalent of several billion dollars’’ over a one-year period in an unregistered initial coin offering where a total of $4.1 billion was raised and the EOS creator agreed to settle the charges according to the SEC. The fine amounts to 0.0058 percent of the initial raise. The press release also highlighted that Block.One’s token sale started very soon before the SEC released the DAO reports but it ‘’continued for nearly a year after the report’s publication.’’ The company didn’t comply with the securities registration requirements and did not register the sale as the SEC stated.In its own press release, Block.one noted that the settlement only applies to the sale of the original ERC-20 token that was sold. The holders swapped their ethereum-based tokens with the proper EOS tokens when the network went live for the first time. More significantly, Block.one issued a statement saying that the ERC-20 token is no longer in circulation and will not require the token to be registered as a security with the Securities and Exchange Commission:
 “The SEC has simultaneously granted Block.one an important waiver so that Block.one will not be subject to certain ongoing restrictions that would usually apply with settlements of this type. Block.one believes the SEC’s granting of this waiver evidences Block.one’s continuing commitment to compliance and best practices in the United States and globally.”
In a statement, the SEC Division of Enforcement co-director Steven Peikin noted that the company ‘’ didn’t provide’’ the investors with any kind of information typically included in the securities sales and the SEC’s order confirmed this complaint. The Block.one company announced the creation of the decentralized social network named Voice and with the launch of it which also runs on the EOS network, there have also been sparse. The EOS blockchain has faced governance challenges in recent months.Over the past few weeks are reported in the blockchain news, the commonwealth of Virginia gave Block.one a $600.000 grant to help build its own US headquarters in Arlington which is a suburb in Washington D.C. the company has operations in Blacksburg VA as well as another seat in Hong Kong.
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