Tag: token offering

cryptocurrency news

Basketball Player Spencer Dinwiddie Engages Tritaurian Capital for Future Token Offering of his Contract

Basketball player Spencer Dinwiddie is engaging the services of New York-based Tritaurian Capital to make an offering of SD26 tokens, that fractionalize his NBA contract, to accredited investors. Dinwiddie made the announcement in an email to potential investors. The tokens on Ethereum’s blockchain will be listed on Paxos, a cryptocurrency exchange, and allow Dinwiddie to convert part of his contract into immediate cash. The Brooklyn … Continue reading Basketball Player Spencer Dinwiddie Engages Tritaurian Capital for Future Token Offering of his Contract

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cryptocurrency news, regulation

SEC Settles with Nebulous over its 2014 Offering

The SEC has settled with another coin for an unregistered securities offering. Nebulous, a Boston-based company behind the Sia network – a decentralized cloud storage company, has agreed to pay $225,000 as penalty for conducting an offering worth $120,000 for SiaNotes, a token it intended to develop for purchase and sale of storage space on its network in 2014. The SEC’s order points out several … Continue reading SEC Settles with Nebulous over its 2014 Offering

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cryptocurrency news

NBA Player Dinwiddie To Raise $13.5 Million by Tokenizing his Contract

NBA player Spencer Dinwiddie has revealed details of his security token offering. The Brooklyn Nets point guard had announced earlier this month that he was converting part of his contract to security tokens for investors. Dinwiddie plans to raise $13.5 million from the first year of his three-year contract worth $34.5 million with the Brooklyn Nets. He will pay out $2.5 million as interest to … Continue reading NBA Player Dinwiddie To Raise $13.5 Million by Tokenizing his Contract

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cryptocurrency news

Brooklyn Nets Point Guard Dinwiddie Securitizes Contract With Digital Token

NBA basketball player Spencer Dinwiddie is planning to convert part of his three-year $34 million contract with the Brooklyn Nets into a security token that will then be sold to investors. Details of the offering, which was first reported by online publication The Athletic, or the amounts involved have not been made public. Dinwiddie’s token will pay principal plus interest to buyers and will be … Continue reading Brooklyn Nets Point Guard Dinwiddie Securitizes Contract With Digital Token

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