Bitfinex to “Part Ways” with Kim Dotcom

5dc41de65344d0000714bd15 700xauto

Bitfinex has called off the token sale for Kim Dotcom’s project, the exchange announced in a recent blog posting. The debut of Kimcoin has been canceled, due to new regulatory pressures, the exchange stated.https://twitter.com/CryptBeee/status/1192353324462465024Token sales have been viewed with skepticism, as regulators see those assets as most likely representing unregistered securities. Bitfinex has added that Kim Dotcom’s project will continue, but expand through an equity-based offering.Bitfinex has held its own small selection of IEOs, hosting projects that were at the least controversial. One of its offerings, Unus Sed Leo (LEO) reportedly raised $1 billion, with the LEO asset moving in a tight trading range, suggestive of price manipulation.The intended token sale was supposed to raise $8 billion, with the asset’s launch set for 2020.https://twitter.com/Redactedcapital/status/1188587659309932546IEOs have slowed down in the last months of 2019, as the tokens turned out to be volatile. Only limited sales have been on offer lately.The K.IM…

Read the original article here

IF YOU LIKED THIS ARTICLE CLICK SHARE