300 Cubits conducted a pre-ITS from August 16 to September 20 when it sold 2 per cent of its tokens. A full ITS is planned for later this year, which will distribute 38 per cent of the tokens.

Cubits, the trading name of legal entity Dooga Ltd., claimed it had lost funds worth €29 million ($32.8 million) to “fraudsters” in February 2018 that it was unable to reclaim.

Cubits, an all-inclusive platform to buy, sell and manage bitcoin, has entered into a strategic partnership with ApcoPay, a global online payment service provider to enable more than 500 businesses to ...

“Cubits is in this for the long run, this is their priority and main focus,” said Rehder. The company currently has 15,000 wallets and 500,000 monthly transactions.

Cubits is privately funded by the company’s management team, David Julian Mautner, Tim Rehder, Andreas Lehrbaum and Benedikt Manigold, who have prior experience in IT, finance and startup ventures.