Blockchain Bulletin: To Berzerkeley & Beyond1 of 6
![The city of Berkeley, Calif., is exploring the launch of an initial coin offering to raise funding for affordable housing, as it faces the threat of being cut off from federal funding by President Donald Trump, who has threatened sanctuary cities and specifically targeted Berkeley in tweets. What Berkeley is doing is basically a high-tech version of a municipal bond offering, with blockchain 'tokens' standing in for bond certificates, streamlining the investment process and adding some sexy blockchain razzle-dazzle to an otherwise boring investment. Photo: [GFDL] or [CC-BY-SA-3.0], via Wikimedia Commons](https://img.lightreading.com/enterprisecloudnews/2018/02/740457/6999.jpg)
The city of Berkeley, Calif., is exploring the launch of an initial coin offering to raise funding for affordable housing, as it faces the threat of being cut off from federal funding by President Donald Trump, who has threatened sanctuary cities and specifically targeted Berkeley in tweets. What Berkeley is doing is basically a high-tech version of a municipal bond offering, with blockchain "tokens" standing in for bond certificates, streamlining the investment process and adding some sexy blockchain razzle-dazzle to an otherwise boring investment. Photo: [GFDL] or [CC-BY-SA-3.0], via Wikimedia Commons
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