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Bitfinex reportedly planning an IEO, IOTA partners transportation body of Austin, HTC to release new blockchain phone

Bitfinex is Reportedly Planning an IEO

Information from various sources in the crypto Twitter community suggests that Bitfinex plans to raise $1 billion via an Initial Exchange Offering (IEO). It has also been rumored that Tether (USDT) will be the means of payment for participation in the IEO.

Twitter user @DoveyWan broke the news with the following tweet:

Dovey Wan, a founding partner at Primitive Ventures, added that she got confirmation of the news from Bitfinex equity holders. She also considered the IEO a smart idea since a Bitfinex IEO that accepts Tether will reduce the Tether circulating supply.

Another member of the community, @Zirui shared the same information in the following tweets:

It is important to note that Bitfinex is yet to make any official statements regarding the IEO.

IOTA Partners Transportation Body of Austin, Texas

The IOTA project has partnered ATX Transportation, the official transportation body of Austin Texas, with the objective of innovating the transportation industry in the city.

The announcement was made at a 29th April event organized by both parties at the University of Texas (UT). Dominik Schiener, Co-Founder of IOTA, was in attendance as a guest speaker.

ATX informed its followers on Twitter about the partnership as well as the event held at UT:

We’re partnering with the nonprofit to bring the future of mobility to Austin. Learn all about it at a special event on Monday, April 29, at 5 p.m. on the UT campus. ATX and IOTA leaders will make an announcement, followed by a Q&A. More at bit.ly/atxiota

Neither IOTA nor ATX have provided further details on the partnership.

HTC to Release Another Blockchain Phone

In a bid to dominate a yet-to-boom blockchain phone market, HTC has unveiled plans to release its second blockchain phone. Phil Chen, the decentralized chief officer, revealed the information while speaking at an investment forum in Tapei on 26th April. Chen also made mention of the nascent blockchain industry’s great commercial potential.

According to Chen, the new blockchain phone will not be too different from Exodus 1, the electronics company’s first blockchain phone. The Exodus 1— launched in the 4th quarter of 2018— supports decentralized apps and cryptocurrency wallets.

HTC’s second blockchain phone is expected to be released before the end of 2019.

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