Roundup – 16/03/2019 – Court Shuts Gatecoin, Thailand’s 1st ICO Portal & more

Court Shuts Gatecoin

Unhappy Bitcoin/Ethereum crypto exchange, Gatecoin, has been wound-up on court orders. A turbulent last three years saw the exchange stung in a $20m hack, endure banking freezes and, finally, suffer court-mandated liquidation.

In a statement on its website, Gatecoin cited cash-flow woes and blamed its former Payment Service Provider (PSP). Gatecoin says it turned to the French PSP after banks locked it out in September 2018—but the PSP processed transactions tardily, then retained Gatecoin’s funds when fired. Failed legal action against the PSP, Gatecoin claims, sealed its final demise. Gatecoin says it will cooperate with liquidators to reimburse creditors.

The First ICO Portal Ready For Thailand

Thailand Cryptocurrency traders have something to celebrate this week after reports emerged that the country’s Securities and Exchange Commission (SEC) has approved the first initial coin offerings (ICOs) portal. The Asian country has been striving to make its Crypto market secure and attractive to local and foreign investors. The latest move is expected to boost the local market by allowing businesses to raise capital through ICOs legally. These portals are expected to make the process of token issuance more transparent to both the regulators and investors.

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IOT Solutions World Congress

The IOT Solutions World Congress in partnership with Industrial Internet Consortium will hold an event in Barcelona between 29th and 31st October 2019 at Fira Barcelona. The event’s focus areas will include manufacturing, blockchain, artificial intelligence, energy and utilities, connected transport, enabling technologies, buildings, and infrastructure, and healthcare. There will be various activities at the event including IOT Solutions awards, networking events, testbeds, workshops, women in leadership in IOT. More so, there will be several side events geared towards encouraging and creating connections, interactivity, and new experiences.

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Coinbase Lists Stellar (XLM)

Coinbase Pro platform has listed XLM following the successful implementation of four initial phases of Coin introduction on the platform as per the set standards. In this regard, Coinbase traders can start ordering XLM/BTC, XLM/GBP, and XLM/EUR pairs. The service is available in supported jurisdictions with the exception of the state of New York. However, the service is not provided on Coinbase mobile apps and The XLM support comes shortly after the listing of Ripple’s XRP that has since increased adoption of the Digital Token. XRP is now the third largest Cryptocurrency behind Bitcoin and Ethereum.

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Wire Connect BTC Wires

Wire Connect is hosting an exclusive gathering of CEOs from established blockchain companies, investors, and blockchain start-ups at the Imperial College in London on March 23rd, 2019. The event’s primary goal is to promote funding and investment in start-ups and companies working in the blockchain world. There will be a formal introduction of the influential guests, investors, and the blockchain start-up founders all joining in the dinner. The attendees will participate in discussions pertaining to blockchain topics including and beyond cryptocurrencies.

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