Tagged: ico

Report: Centra Tech Founders Plead Not Guilty in Alleged Fraud ICO

A note by Law360 indicates that defendants Sohrab “Sam” Sharma and Robert Farkas, co-creators of Centra Tech and an affiliated initial coin offering (ICO), have pleaded not guilty in the US District Court Southern District of New York. The Centra Tech ICO reportedly raised over $32… Read More

Cryptocurrency Laws Winding Through Russian Assembly Now – Terms Clarified

Russian Prime Minister Dmitry Medvedev has spoken publicly about how draft laws winding their way now through the Russian parliament will define cryptocurrencies and tokens. Bitcoin.com reports that Medvedev recently told an audience at a plenary session of the St. Petersburg International Legal Forum: “We need… Read More

Thai SEC Says Digital Asset Business Law Now Effective, Regulates Initial Coin Offerings

The Thailand Securities and Exchange Commission (SEC) said that new legislation enacted to regulate the offering of digital assets, including initial coin offerings (ICOs) and businesses undertaking these activities, is now effective. A public hearing is scheduled to take place on the regulations at a future… Read More

European Parliament Committee Passes Blockchain Resolution

The European Parliament, Committee on Research, Industry and Energy, passed a blockchain resolution yesterday (May 16th) capturing solid support with 56 in favor and 3 opposed.. The resolution included a section on initial coin offerings. European Parliament resolution on Distributed ledger technologies and blockchains: building… Read More

Indorse Partners with ICOCrunch to Drive ICO Project Transparency

Indorse, a blockchain-powered social network for professionals, has partnered with ICOCrunch, an independent research platform that showcases ICO projects. Through this partnership, Indorse will help ICOCrunch add an “additional layer of legitimacy” to projects on the platform. Once a project has been verified through Indorse,… Read More

US Regulators on Consensus Panel Claim Their Doors Open and Rules Clear Regarding ICOs (Initial Coin Offerings)

Representatives from the three bodies policing securities in the US and the Chief Strategy Officer from the Bittrex cryptocurrency exchange spoke on an “Enforcement” panel May 15 at the Consensus conference in New York. Citing an “open door” policy, the regulators- James McDonald, Director of… Read More

Initial Coin Offering Best Practices: Old Rules Still Apply

There has been a lot of hype about initial coin offerings (ICOs) recently, but the truth is that many are failing to hit their target and raise funds for their promoters. Many fail because of their sheer lack of potential. However, many ICOs also fail… Read More

Is a Great Blockchain Swindle Afoot?

  Blockchain has been called “The Foundation of the Fourth Industrial Revolution.” Umpteen conferences are now being devoted to explaining it. Hundreds of cottage firms have emerged claiming blockchain expertise. Enterprises, hearing that Bitcoin will compete with their payment or other systems have been spending millions… Read More

Zombie Coins: There are 4500+ Cryptocurrencies with Many Being Inactive, CoinJanitor Wants to Clean them Up & Reanimate Some of Them

This is an interesting spin on cryptocurrencies. There have been thousands of digital coins created but many have died, morphing into Zombie coins. So where do digital currencies go to die? This company thinks they can be reanimated and gain a second life. CoinJanitor, a… Read More

Prometheum Files Reg A+ for ICO, Claims they have “Cracked the Code” as to How to Accomplish

Most securities initial coin offerings (ICOs) are being filed under Reg D 506c in the US. This enables an issuer to sell securities to accredited investors. Reg A+, an updated securities exemption, enables issuers to offer securities to both accredited and non-accredited investors. Reg A+… Read More

Jimmy Song Questions Tim Draper’s Claims of a Blockchain Panacea

On May 8th, venture capitalist Tim Draper, Bitcoin software developer Jimmy Song and crypto hedge fund manager Kyle Samani engaged in a tense debate about the viability of enterprise blockchains and supposed utility of “crypto asset” ICOs (Initial Coin Offerings). Draper began by invoking the… Read More

KODAKCoin in “Final Phase” as Token Offering Officially to Commence on May 21st

WENN Digital, the developer of the blockchain based KODAKOne Image Rights Management Platform, has announced that the offering of Simple Agreements for Future Tokens (SAFTs) and the underlying KODAKCoin Token will officially commence on May 21, 2018. The offering will be facilitated through Cointopia and managed… Read More

Invite Only Cryptocurrency Merit Says it has Raised $1 Million. Sets Goal of Being “Most Adopted Digital Currency”

“Digital currency for humans” Merit has announced it has raised $1 million for their “world’s first invite only cryptocurrency.” Merit says they want to be a cryptocurrency for everyone – not just the rich. The goal is to create a community that is based on… Read More

Kleros, a Justice Protocol for the Internet, Joins Thomson Reuters Incubator, Preps for ICO

Kleros, a blockchain dispute resolution layer protocol, has been accepted into the Thomson Reuters Incubator program. Kleros says it enables both individuals and businesses to feel secure while conducting transactions online. This is accomplished by using smart contracts to reduce counterparty risk in a wide… Read More

BCT Raises $31 Million in Public ICO, Tokens to be Distributed End of Month

CG Blockchain, Inc. has announced that its affiliate BCT Inc. has closed the public sale of its BCT utility token, raising over $31 million. The sale commenced on April 1st. BCT Inc. offers a suite of proprietary and third party application tools for hedge funds,… Read More

QUOINE Launches ICO Platform on QRYPTOS

Global blockchain fintech firm QUOINE announced this weekend it has launched its Initial Coin Offering (ICO) platform, which the company describes as an all-in-one ICO execution service that provides a safe haven for both token participants and token issuers. QUOINE reported that its ICO Mission Control will initially… Read More

What Crypto Start-ups Can Learn from the Dotcom Boom and Bust

  The so-called dotcom era that lasted from 1997 to 2001 was an epic period for tech industry hype. It was a veritable Wild West for tech-oriented businesses, where it sometimes seemed like investor money all but grew on trees for the many start-up firms… Read More

Cryptocurrency Ripple Facing Class Action Lawsuit Alleging Violation of US Securities Law

Ripple Labs, the company behind the cryptocurrency Ripple (XRP), are facing a class action lawsuit filed by an investor, Ryan Coffey, who alleges the company sold it’s cryptocurrency tokens to the public in violation of US securities laws. The filing also claims the company has… Read More

Crypto Related Company Longfin “Voluntarily” Delists from NASDAQ as SEC Receives Continuing Freeze of $27 Million in Company Assets

Longfin Corp. has announced its intent to “voluntarily” delist from the NASDAQ. The move comes as an ongoing enforcement action by the Securities and Exchange Commission saw allegations of illegal distributions and sales of restricted shares. Longfin raised capital using the Reg A+ crowdfunding exemption… Read More

ICOData.io Reports Decline in ICO Investing So Far in 2018

ICOData.io, a company that rates Initial Coin Offering (ICOs) to remedy an “intelligence deficit” in the market, has published data showing that ICO investing dropped by almost two-thirds in the first four months of 2018. The organization has just published a chart showing that funds… Read More