The U.S. Securities and Exchange Commission (SEC) has confirmed the distribution of over $4.6 million to investors impacted by the unregistered initial coin offering (ICO) of blockchain startup BitClave. The funds will be paid out from the BitClave Fair Fund following a notice and claims process. BitClave’s $29 Million ICO Settlement “The checks are in...Read More
An Ethereum ICO participant has sold another 19,000 ETH over the past two days. This freshly offloaded stash is worth around $47.54 million at the current price. This entity had previously received 150,000 ETH during the genesis at an ICO cost of just $46.5K. Dormant Ethereum ICO Participant Resurfaces As flagged by on-chain transaction analytics...Read More
Ethereum-based decentralized computing platform Golem has sent more than $100 million worth of ETH to centralized exchanges such as Binance, Coinbase, and Bitfinex over the past few weeks. This has become a cause for concern for crypto markets already battered by large Bitcoin selloffs and the prospect of more to come. Golem is one of...Read More
While Bitcoin has been recognized as a commodity, the same cannot be said for Ethereum’s status, which has been more ambiguous due to its initial coin offering (ICO) in 2014. However, a new report suggests that the Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, seem to have believed that Ethereum is an...Read More
In a recent blog post titled ‘Points Guard,’ former BitMEX CEO Arthur Hayes made a compelling case for the emergence of “points” as a superior alternative to traditional initial coin offerings (ICOs) and yield farming with regard to crypto fundraising and user engagement. Hayes argued that points combine the best aspects of ICOs and yield...Read More
Two separate whales each holding over 9 figures worth of crypto have transferred to holdings to exchanges over the past 24 hours. One whale owned an address that participated in Ethereum’s ICO back in 2014, and hadn’t moved his coins since. As revealed by the Twitter blockchain tracker Lookonchain, an Ethereum ICO participant moved 61,216...Read More
On Feb. 7, Reuters reported that the Thai Finance Ministry will waive corporate income tax and value-added tax for firms that conduct initial coin offerings (ICOs) for investment. According to government spokespeople, companies will have access to alternative methods of raising capital through token issuance in addition to traditional methods. The military-backed Thai government estimated...Read More
In a case stretching back as far as 2018, Michael Alan Stollery – the CEO of Titanium Blockchain Infrastructure Services (TBIS) – was accused of securities fraud by the SEC due to the way the ICO of his platform was handled. The case reached a turning point this week, as Stollery admitted to one count...Read More
DhabiCoin (DBC) has established itself as one of the main cryptocurrencies in the crypto active market, according to specialist analysts. It will be launched in January 2022 and even before its listing on exchanges, it is already a disruptive technology. After the successful first round of presales, DBC is now just 10 days away from...Read More
Popular American rapper and actor Jayceon Terrell Taylor popularly known as The Game is currently facing $12 million charges for allegedly promoting an illegal initial coin offering (ICO). According to a recently amended official filing, he had promoted the unregistered token sale of Paragon Coin, a tech company that came under regulatory scrutiny earlier in...Read More
The co-founder of a fraudulent ICO project that duped more than $25 million from investors, Sohrab Sharma, has received a sentence of eight years in prison for his role. The project itself, dubbed Centra Tech, was previously backed by several celebrities, including the boxing legend Floyd Mayweather and the producer DJ Khaled. Centra Tech Co-Founder...Read More
The Total Value Locked figures for DeFi have reached $9.76B. In fact, over the past 90 days, the space has unlocked 477.5% in growth, with the same showing no signs of stopping. While the SushiSwap incident did contribute to a dip in DeFi’s TVL, there was near-instant recovery, with the figures surging back to its...Read More
The U.S. SEC has fined Atlanta-based rapper Clifford Harris Jr, better known as T.I, along with other individuals for their involvement in two fraudulent initial coin offering (ICO) projects. T.I, Others Pay $125K in Penalty According to a press release by the U.S. Securities and Exchange Commission (SEC) on Friday (September 11, 2020), T.I, along...Read More
The three-year-long class-action lawsuit against Tezos for supposedly violating securities laws in the US with its 2017 ICO has come to an end after Judge Richard G. Seeborg approved the $25 million settlement offer brought by Tezos earlier this year. Lawsuit Targeting Tezos: The Backstory The company had little time to celebrate its successful initial...Read More
Polkadot has quickly gone up the ranks and became one of the biggest cryptocurrency projects. Its native token DOT was recently denominated at a 1:100 ratio. After the event, early Polkadot investors can benefit from a nearly 2,000% ROI. This became possible following the latest company developments, mainnet launch news, and DOT listings on several...Read More
The third co-founder of the alleged cryptocurrency scam project Centra Tech, backed by celebrities such as Floyd Mayweather and DJ Khaled, is reportedly planning to plead guilty to duping investors into committing more than $25 million in its initial coin offering (ICO). The Third Centra Tech Inc’s Co-Founder Pleads Guilty According to the report from...Read More
Six years on from the publication of its original whitepaper, Filecoin (FIL) has launched an incentivized testnet designed to test the network in realistic conditions. Aiming to build a decentralized file storage network, Filecoin carried out a $250 million ICO in 2017 – the largest Initial Coin Offering at the time. It was also the...Read More
DUBAI, UAE, 8th May (Friday) Time: 10 AM New York, NY, USA (GMT-4) ‘MEET IDEAOLOGY’ webconference is looking for you The exclusive, pre-launch presentation for the top crypto people In an effort to make top-shelf blockchain partnerships before their Initial Coin Offering is launched, Ideaology ( www.ideaology.io ) is organizing the Web-Conference ‘Meet Ideaology’ on...Read More
SEC Commissioner Hester Peirce has publicly announced her proposal for a safe harbor for cryptocurrency token sales within the United States. Often referred to as “Crypto Mom”, Hester Peirce was first appointed to the U.S. Securities and Exchange Commission in early 2018 and has been a strong advocate for crypto ever since. And while this...Read More
The Securities and Exchange Commission (SEC) of the US is tightening the noose around initial exchange offerings (ICOs). In yet another step against them, the Commission has brought charges against one more allegedly fraudulent ICO of unregistered digital asset securities. The SEC Is Getting Serious About ICOs The SEC has pressed charges against defendants Sergii...Read More
Four financial regulators in China have jointly issued a fresh warning regarding crypto trading activities in Beijing. The notice explains the reason for the warning and lists prohibited crypto activities, which have reportedly been surging as companies ramp up their blockchain promotion. Also read: Regulatory Roundup – New US Crypto Bill, France’s 1st Approved ICO,...Read More
In this roundup, we cover a wide range of regulatory developments in the crypto space. Much has transpired in the U.S., including a new crypto bill, SEC’s proposal, lawmakers seeking answers from the IRS, and the state of Michigan signing several crypto bills into law. We also cover France’s first-approved initial coin offering, a proposal...Read More
It does not happen often that the SEC settles with an ICO company. In the case of Blockchain of Things, it seems everything has been reconciled, of sorts. According to a press release, Blockchain of Things has been subject to an SEC investigation. The SEC Wants to Educate This is not uncommon for ICO projects,...Read More
The French financial markets regulator, the Autorité des Marchés Financiers (AMF), has made its first initial coin offering (ICO) approval. While token sales remain legal as a fundraising option in France, only those that have been approved by the AMF may be marketed directly to the public. Also read: France Adopts New Crypto Regulation France’s...Read More
Two years after Bitcoin’s ATH, the US SEC still continues to deal with cases involving illegal fundraising by crypto-based companies. SEC Sets its Sights on Latest Crypto Project It has been two years since Bitcoin (BTC) reached its all-time high, with its price reaching $20,000. However, the market surge that allowed its price to go...Read More
An Ethereum wallet address loaded with 530k ETH from the ICO pre-sale has dumped over half since September 25. Prior to this date the tokens had been HODLed since the 2015 Initial Coin Offering. Pre-ICO ‘Whale’ Account The wallet address (and recent sell-off) was brought to the public attention in a tweet from D5 -Data Science...Read More
According to regional reports, the Russian darknet market Hydra is planning an initial coin offering (ICO) in order to expand the marketplace internationally. The sale is set to start on December 16 and Hydra administrators hope to raise $146 million from the token sale. Also read: Regulatory Roundup – Bitcoin Futures Fund Approved, India’s RBI-Backed...Read More
Many Initial Coin Offerings (ICOs) have been and are frauds. The state enables this con game in various ways, including the establishment of accredited investors and the regulation of businesses that sell equity. Shut off from the most lucrative aspects of investment, average people rush into the few sources of profit still available to them....Read More
The price of the second-largest cryptocurrency by market cap, Ethereum, may be down as much as 90% from its all-time high price of over $1,400, but ICO investors are still up over 400x on their initial investment.The post appeared first on NewsBTCRead More
After the ICO bubble popped in late 2018, projects scrambled to find new ways to raise money. After briefly courting the Security Token Offering, markets settled on a ‘new’ concept: the Initial Exchange Offering. Is this new model really an improvement over the original? Though the ICO market quickly grew to billions of dollars in...Read More
