Bittrex Buys 10 Percent of Maltese ICO Securities Exchange
Posted: Sun Sep 02, 2018 9:46 am
Bittrex, an American cryptocurrency exchange, has bought a 10 percent stake in a Maltese blockchain company called Palladium.
ICO + IPO = ICCO
Palladium aims to bridge the gap between initial coin offerings and initial public offerings by making its tokens exchangeable for shares.
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This is significant because in most places the distinction between the two is not clear. As a rule, blockchain startups do not see their tokens as being shares, but there are several lawsuits currently running in the US over exactly this issue. In August, Bittrex joined a new US ... (read more)