Republic raises $12M - TheBit

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Republic raises $12M



Republic raises $12M

 

The Bit

Popular startup site AngelList is making moves and launching Republic, a new crowd-equity platform that helps ICO issuers manage token sales.

 

The Bigger Picture

You know it’s going to be good when Binance steps in as a major contributor to the $12M token presale. Prior to this, AngelList was focused on sourcing talent and angel investors for startups. Their new platform, Republic, will hold true to the name by allowing the masses to hold majority investment instead of just a few established investors. The mechanism they follow to invest is called SAFEST (Simple Agreement for Future Equity and Security Token), which allows pre-sale investors the option to take their full investment in tokens, or up to 20 percent of their investment in equity.

 

Crypto ETF, coming to an exchange near you

 

The Bit

John Hyland, head of cryptocurrency fund Bitwise, expects the SEC could approve crypto ETFs, and he hopes to introduce some of the first.

 

The Bigger Picture

To give some background, John Hyland helped bring the first oil and commodity ETFs to market when he was CIO of the United States Commodity Funds, and now he expects to bring crypto ETFs by 2019. Hyland thinks the SEC’s concerns about crypto ETFs have already been largely addressed. In fact, some of the big ETF shops are establishing cryptocurrency trading desks, meaning a cryptocurrency ETF could transact on platforms with a regulatory status similar to what they already do with equities.

 

Where my ladies at?

 

The Bit

The tech industry has been a poster child for the results of gender inequalities, and the blockchain crypto space has been almost worse…

 

The Bigger Picture

Major UK crypto exchange London Block Exchange put together some data on the trends. Although women are still vastly underrepresented, it’s changing: 13% now say they would possibly decide to invest in cryptocurrencies, up from just 6% at the end of 2017. Overall, women were found to be 50% less likely to suffer from FOMO than men and twice as likely to ask for advice from friends and family before investing (Whereas men prefer to decide just by themselves). Next time you have a lady friend interested in crypto, pull her in!

 

“From that standpoint, I can see them going ahead and permitting futures-based products. But in the long run, I believe owning the actual underliers is probably the long-term better design.” – John Hyland


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