Forbes magazine logo Ranked Best Coding Bootcamps 2023

Blockchain Newsletter: Why Big Business Is Racing to Build Blockchains [2017W35]

Altcademy Team wrote on 7 February 2018

This Week's Update on Bitcoin and Blockchain [2017W35]
Issue: Week 35 of 2017

Markets

  • Price per Bitcoin BTC is at ~$4241 USD (+6.2% from last Monday)
  • Price per Ether ETH is at ~$341 USD (+7.2% from last Monday)
  • Price per Bitcoin Cash BCH is at ~$600 USD (-11.6% from last Monday)

Articles

This week’s new initial coin offerings (ICOs)

  • HelloGold is an existing company that offers low to medium income customers to buy and sell very small amount of gold anytime, anywhere.
  • HelloGold users buy and sell gold through their mobile app available on Android and iOS.
  • The gold bought and sold are physical investment grade gold securely stored with an independent operator in Singapore.
  • HelloGold has registered a Singapore based limited company HelloGold Foundation (HGF) to oversee the initial coin offering of HelloGold Tokens (HGT) and later the distribution of Gold-Backed Tokens (GBT).
  • The issuance and sale of HGT is to raise fund to to accelerate adoption of Ethereum smart contracts as the operating backend of HelloGold’s gold trading platform.
  • 1 billion HGT will be issued and sold in three rounds of token sale. Each round will last 1 year.
  • HelloGold will endow 10% of its annual management fee revenue to HGF, up to a maximum of 3.8 metric tonnes of gold.
  • HGF will convert any gold received from HelloGold via the endowment into GBT in 1g increments.
  • HGF then has the discretion to distribution part of the GBT to HGT holders as a form of reward.
  • The first round public token sale is planned to start August 28, 2017.

Bitcoin 101: a 5-day free course in the form of 3–5 minute read on emails to help you feel comfortable around the topics of Bitcoin. Sign Up.

Send the following link to a friend so they can subscribe to this newsletter too.

Trusted by

Students and instructors from world-class organizations

Imperial College London
Carnegie Mellon University
City University of Hong Kong
Hack Reactor
Cisco Meraki
University of Oxford
Swift
Bazaarvoice
Waterloo
Uber
AtlanTech
Tumblr
Boston College
Bombardier Aerospace
University of St. Andrews
New York University
Minerva Schools at KGI
Merrill Lynch
Riot Games
JP Morgan
Morgan Stanley
Advanced Placement®
Google
KPMG
The University of Hong Kong
University of Toronto
SCMP
Moat
Zynga
Hello Toby
Deloitte
Goldman Sachs
Yahoo
HSBC
General Assembly
Tesla
McGill University
Microsoft

Join the upcoming Cohort #91

Enroll for July 1st, 2024