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INDX and their Masternode Platform have Gained the Support of Many

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INDX and their Masternode Platform have Gained the Support of Many

Gaining Support

Promising upstart, INDX, has released an updated list of their backing and strategic partnerships. With an upcoming platform launch, their support network is rounding into shape. Below are the companies that will be working with INDX in varying capacities to ensure their success.

Swarm

The team at Swarm will work with INDX by providing a platform to facilitate both an STO and digital securities issuance. In doing so, they will be priming INDX for the eventual trading of their tokens on secondary markets.

London Block Exchange

Building off of the services offered by Swarm, London Block Exchange anticipates that INDX will be one of their first supported digital securities. This is anticipated to occur upon launch of the London Block Exchange later in 2019. This listing on a secondary market will provide the liquidity sought after by investors.

Tyr Capital Partners

Drawing upon their experience in both arbitrage and trading, Tyr Capital will assist INDX through the guidance of their approach to trading.

Iconiq Lab

Finally, Iconiq Lab is not only a shareholder within INDX, but will be providing services to the young company as well. These services will come in the form of solution providence for INDX asset management.

Making Boring Great

INDX has recognized the types of investors that digital securities appeal to, and set out to appeal to them. To do this, INDX offers the opportunity for consistent, passive income, through their masternodes platform. While this approach may lack ‘sizzle’, it is intriguing for those looking for a reprieve from the rollercoaster that is crypto.

Commentary

The CEOs of various companies issued statements in the press release. The following are a few words from Swarm and INDX, themselves, regarding these developments.

Jonathan DeCarteret, CEO of INDX, stated,

“Investors want to capture the exceptional profits from crypto, without exposure to its heart-stopping risk and volatility. Our Masternode solution distributes regular proceeds to those investors seeking a passive exposure.”

Timo Lehes, Cofounder & CIO of Swarm, stated,

“The team at INDX not only brings an important new category of investment opportunity to the blockchain, but does so in an innovative way, bolstering the expertise of their experienced team with the latest in machine learning to unlock the potential value of masternode investment. Swarm is thrilled to partner with INDX by providing the technology and infrastructure to bring their STO to market.”

INDX

INDX is a London based company that was founded in 2018. The company functions primarily as a ‘masternode investment vehicle’. Company operations are overseen by CEO, Jonathan DeCarteret.

It is expected that INDX will be going live with their platform on May 1, 2019.

In Other News

Only days ago, we were discussing new developments pertaining to Swarm. To learn more about the platform and their past activities, check out the following articles.

Swarm Partners with BlackBox Labs to Bring Digital Securities to Asia

Swarm Gains Support for FIAT through Mercury FX

Security Tokens to be created for FREE through Swarm

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Joshua Stoner is a multi-faceted working professional. He has a great interest in the revolutionary 'blockchain' technology. In addition to this, he is a licenced Paramedic in Nova Scotia, Canada. As such, he can provide emergency care/medicine to any situation necessitating it.

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Draper Goren Holm Adds Rodney Sampson as Venture Partner

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Draper Goren Holm - Philanthropist Rodney Sampson

The Los Angeles-based venture firm, Draper Goren Holm announced the addition of well-known Philanthropist Rodney Sampson this week. According to reports, Sampson is now a venture partner in the firm. As such, he will play a key role in identifying projects of interest to the group moving forward. The news showcases the further expansion of the US-blockchain sector, and a desire by Draper Goren Holm to remain ahead of the curve in terms of blockchain integration.

Draper Goren Holm

The investment firm of Draper Goren Holm specializes in accelerating and incubating early-stage blockchain and fintech startups. Currently, the firm handles over 65 partnerships with top venture capital funds, media companies, and service providers in the sector. Notably, the firm is named after its three primaries – Tim Draper, Alon Goren, and Josef Holm. Together, this triad is able to catapult innovative tech projects into stardom.

Rodney Sampson

The addition of Rodney Sampson will only strengthen Draper Goren Holm’s positioning in the market. Sampson is one of the most recognized investors in the market. Much of his recognition comes from his astounding investment history and the events he hosts yearly. Importantly, Sampson participates in around 300 events per year. Consequently, he regularly works closely as an advisor to high growth startups and seed-stage venture funds.

Rodney Sampson Has the Experience to Excel

As one of his early business ventures, Sampson co-founded, built, and sold Multicast Media Technologies for $24 million in 2010. Additionally, he retains a partnership and is the largest minority LP at TechSquare Labs which is valued at over $1.5 billion. Sampson is also the Executive Chairman of OHUB and a Nonresident Senior Fellow at the leading inclusive ecosystem building platform – The Brookings Institution.

Rodney Sampson

Rodney Sampson

How the Team Met

Not surprisingly, these individuals didn’t decide to join forces out of pure chance. Sampson met Alon Goren and Josef Holm at a crowdfunding event in Las Vegas nearly a decade ago. Tim Draper also knew Sampson from the time they both judged a pitch competition for 43North in Buffalo. Importantly, Sampson believes the team wasn’t brought together by accident. He believes that together, they can work to “solve our planet and society’s hardest challenges.”

Discussing the important addition, Draper Goren Holm’s Founding Partner, Goren spoke on how Sampson will become a key contributor to the team’s unified efforts. He commended Sampson on an impressive career and his “grit, deep industry insight, and entrepreneurial spirit.” Finally, he discussed how the team will one day build the next generation blockchain hub in Los Angeles.

Goren’s thoughts were echoed by the other Founding Partners of Draper Goren Holm. Specifically, Holm spoke on Sampson’s new role in the firm. He states that Sampson will help the group scout out industry talent. In this way, the firm seeks to leverage Sampson’s decades of experience to ensure only the best and brightest concepts make it to the table.

Tim Draper

The American venture capital investor Tim Draper was born on June 11, 1958, to a long line of venture capitalists. Perhaps it was this early start that allowed him to become one of the most successful venture capitalists in the world. His most prominent investments include some of the best-known companies in the world. Draper helped start Baidu, Hotmail, Skype, Tesla, SpaceX, AngelList, SolarCity, Twitter, DocuSign, Coinbase,  Ancestry.com, Twitch, Cruise Automation, just to name a few.

Tim Draper Crypto

Draper has been involved with blockchain technology since the very beginning. In early 2014, Draper started to acquire Bitcoin in small batches. The price was around  $2 at that time. Aside from his early savings, Draper also received international media coverage when he purchased the Bitcoin confiscated during the Silk Road trial by US Marshalls. According to reports, he purchased 40,000 Bitcoins at around $632 apiece.

Alon Goren

Alon Goren is another well-known investor in the market. His career includes becoming the CEO and Co-founder of InvestedIn. Importantly, the platform specializes in social fundraising and crowdfunding platforms. Prior to founding InvestedIn, Alon held multiple high-ranking positions at tech giants such as IMDB and MySpace.

Importantly Goran is a strong advocate for tokenization. Especially in regards to securities. In the past, he hasn’t been shy about what he considers antiquated securities laws. In a recent interview, he explained that “people operating in good faith” need more flexibility to develop the market properly.

Josef Holm

Not surprisingly, Josef Holm is also a leader in the crowdfunding industry. He has over 17 years of start-up, business development, digital marketing, and social marketing experience. Notably, he co-founded and is the CEO of Tubestart.com. The platform is a fan-supported content development platform. In 2014, he founded Krowdster.co. This platform was the first to introduce to the market crowdfunding campaign analytics, optimization, and promotion software based on big data, machine learning systems and predictive analytics.

Draper Goren Holm

Draper Goren Holm entered the market in August 2018. Originally founded by Alon Goren and Josef Holm, the company added Tim Draper only months after its start. The company focuses on incubating and accelerating early-stage blockchain startups. As such, the company helped launch Totle, Ownera, Innovesta, LunarCrush, Degens, Giftz, Vertalo, Coinsquad, CasperLabs, Element Zero, DeFi Money Market, to name a few.

Additionally, the firm hosts some of the most important summits of the year. These summits include CIS, the Security Token Summit, and the LA Blockchain Summit. Importantly, the CIS conference was one of the firm’s first ventures. Today, it is the largest blockchain conference on the West Coast.

Draper Goren Holm – The Men Behind The Magic

You can expect to continue to see innovative and disruptive technologies receive a boast from this firm. Their unmatched experience, coupled with a unique market outlook, is what keeps Draper Goren Holm one step ahead of the competition. Sampson is no stranger to the fast-paced tech capitalist world. His experience is sure to prove valuable as the group seeks to push blockchain adoption to the masses. For now, the cryptocommunity awaits the firm’s net major move.

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EUR/USD Forex Market Weakening as Virus Spread Continues

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EUR/USD Forex Market Weakening as Virus Spread Continues

• Signs of Strength in Previous Days Removed
• USD Position as Safe Haven of Choice Remains
• Oil Also at Decade Low as Impasse Continues

The Euro has faced a challenging start to the week as it stalls after record rallies last week to regain a foothold against the Dollar. The market confidence again seemingly shaken by the continued spread of COVID-19 across the bloc and the possible lack of a cohesive plan to stimulate the economies of the key nations. The USD has again gained on being the destination of choice for worried traders, while oil markets continue to plummet to new lows.

Euro Rally Looks to be Discontinued

The currency had rebounded quite well from the turmoil of recent weeks to post record gains last week. This has stalled at the $1.11 mark and dropped back almost 1% at the time of writing. This has been largely pushed by the ramp up in cases reported by Germany, the largest economy of the Union, and similar continued struggles in both France, and Spain.

The market sentiment here has also certainly not been helped by disagreement between countries about how they should deal with the economic impact of the crisis. There have been much needed injections into the markets of almost all countries in the EU, and multiple joint efforts to ensure the people have the emergency equipment and other things they need. Then came the question on how it should be paid for. This laid bare a division between several of the nations which still has not been clearly resolved.

USD Improving Again as Markets Panic

The balance of this pair will also have been impacted by the influx of traders moving back toward the USD. This may be seen as a retreat of sorts, with the confidence that was starting to grow toward the mid-point of last week receiving a knock back.

The only significant data to come out of the US today is that regarding February pending home sales. This, in combination with the expected drop back in major markets at the sounding of the opening bell, all spells a backward step for the country in lockdown. The market has not responded to various attempts at stimulation and it looks as though traders will remain steadfast in the USD for the early part of the week at least.

Oil Face-Off Continues as Price Hits New Lows

Amid the continuing coronavirus chaos, Russia and Saudi Arabia continue their standoff in the oil price war. This, at an already economically uncertain time has done the economy no favors. Crude Oil stands at the lowest point since 2002 at the time of writing. There also appears to be no breakthrough in sight.

With both nations refusing to budge, and Saudi Arabia signaling an intention to flood the market at a time when demand is already at rock bottom, there may well be further for these prices to fall before any positive progress is seen. This in turn is sure to be felt in the forex market, particularly with the Canadian Dollar which is heavily linked to oil prices.

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Telegram Investors Ready to Take Refunds amid Covid-19 Pandemic

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Telegram Investors Ready to Take Refunds amid Covid-19 Pandemic

According to multiple sources, the number of major Telegram ICO investors ready to accept refunds has skyrocketed. Originally, investors wanted a 100% refund of their funds. Unfortunately, the Covid-19 epidemic has caused many to switch their stance over to settle at a fraction of the funds paid into the token.

One report listed 10 major investors in Telegram’s blockchain project as ready to take what they can get immediately. Importantly, the Telegram ICO raised $1.7 billion from a variety of international investors. Up until this week, investors seemed ready to battle for a full refund. Now, given the state of uncertainty all the markets face, investors revealed they are ok with a 72% refund. Notably, Telegram stated that 5- 7%% of the funds were already spent on the development process in the intervening months.

Not Enough to Appease Investors in a Bull Market

Notably, back in October 2019, the firm offered 77% of invested funds back as refunds for the project. At the time, investors chose to reject the offer and agreed to extend the deadline for issuing the tokens to April 2020. The market was strong and most investors revealed a desire to receive tokens over refunds. However, these tokens never issued.

Telegrams Difficulties Continue

Telegram’s problems arose from their record-breaking ICO. The crowdfunding campaign came under investigation by the U.S. Securities and Exchange Commission last year. Regulators claim that Telegram violated securities laws when it illegally sold securities. In addition to the legal issues, the platform promised to deliver GRAM token to initial buyers before November of 2019. Unfortunately, the SEC blocked the company from completing this task just two weeks before the scheduled launch.

Telegram ICO Stats via ICO Drops

Telegram ICO Stats via ICO Drops

SEC Files Injunction – Telegram

At that time, the SEC filed an emergency action to halt the launch of the TON blockchain and GRAM token. Shortly following this decision, regulators obtained a restraining order against the company. On top of the SEC infractions, a federal court in New York ruled against Telegram this week. The court found that issuing the Gram tokens would constitute a violation of securities laws. Specifically, a judge of the Southern District of New York instituted a preliminary injunction. This injunction claimed that Telegram failed to register its ICO. Consequently, the firm violated the registration provisions of the Securities Act of 1933.

Market Speaks on the Changes

Speaking on the new developments, Head of Russian digital currency investment firm Hash CIB, Yakov Barinsky explained how the attitude of most investors changed recently. He stated that investors accepted the new refund conditions after the market collapsed. Currently, the entire global economy is in a state of stagnation.

Telegram Faces Uphill Fight

The hugely-popular messaging app became a global leader in the sector through a combination of an easy-to-use interface and advanced features. Of these features, Telegram’s use of end-to-end encryption is best known. In the past, this feature received heavy government scrutiny as it prevented their surveillance efforts.

Looking Bleak

Today, Telegram finds itself in the middle of a hard-fought court battle and a global epidemic that halted economic activity across the board. Unfortunately for the TON blockchain project, this perfect storm could prove as a death blow to the firm’s blockchain aspirations. For now, Telegram seeks clarification on the rulings.

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