Tagged: ico

Blockchain and Security Tokens (a/k/a Digital Securities): A Securities Lawyer’s View from the 2018 Los Angeles Crypto Invest Summit

As a securities attorney, when I attend a conference in a rapidly developing area, I come with my own prejudices and beliefs, but with an open mind and open ears – to hear,  digest and discuss the latest developments and thinking.  The 2018 Crypto Invest… Read More

GFSC Veteran David Parody to Lead Gibraltar Association for New Technologies & Boost Public Trust in Expanding Blockchain Ecosystem

HM Government of Gibraltar has launched of the Gibraltar Association for New Technologies (GANT), a trade association that aims to drive forward Gibraltar’s innovative approach to Distributed Ledger Technology (DLT). The association seeks to establish formal lines of communication between policy makers and the private… Read More

European Tokenized Security Platform DESICO Plans Own STO

DESICO, a platform designed issue and trade tokenized securities that says it is in full compliance with the law, will issue its own security token offering (STO). The “DESI” tokens will be issued under EU law as DESICO is based in both Paris and Vilnius. DESICO… Read More

North Dakota Securities Commissioner Issues Cease & Desist to Multiple Initial Coin Offerings

Last week, the North Dakota Securities Commissioner Karen Tyler issued three separate Cease & Desist (C&D) orders against three initial coin offerings (ICOs). The new C&Ds are part of an ongoing initiative by the Commissioner and the Department’s ICO Task Force which is investigating questionable… Read More

Colorado Issues Two Cease & Desist Orders for ICOs Selling Unregistered Securities: DavorCoin and Cyber Capital Invest

The Colorado Division of Securities posted a note this week about issuing “final” Cease & Desist orders pertaining to two companies promoting initial coin offerings (ICOs). The C&D referenced selling un-registered securities in the state. Davor, offering the DavorCoin, and Cyber Capital Invest, offering CCI… Read More

Cobinhood Partners With E-Commerce Verification Platform simplyBrand Support ICO

Cobinhood, a cryptocurrency service platform and zero-fee exchange endorsed by Richard Sherman, announced on Tuesday it has teamed up with e-commerce verification platform simplyBrand to support and advise the launch of the company’s initial coin offering (ICO). According to Cobinhood, simplyBrand is an inclusive ecosystem combining… Read More

Fraud: SEC Shuts Down Blockvest ICO that Allegedly Falsely Claimed SEC Approval & Created a Fictitious Regulator: the “Blockchain Exchange Commission”

The Securities and Exchange Commission (SEC) has taken action against an initial coin offering (ICO) that falsely claimed to be approved by the SEC. The enforcement action was filed against Blockvest LLC and company founder Reginald Buddy Ringgold, III. Additionally, the SEC obtained an emergency… Read More

Quanta Chain Claims to be 15X Faster than Ethereum

One of the biggest challenges for public blockchain is scalability. For widespread adoption to take place, blockchain tech must be able to handle the demands of enterprise activity today and for the future. Simultaneously, these blockchains must be efficient – not using up more value… Read More

Air France-KLM Partners with Winding Tree on Blockchain Tech for Travel

  Air France-KLM and Winding Tree have partnered on a blockchain project to provide a “more advantageous travel offer for customers which is more profitable for suppliers, in particular by reducing the number of intermediaries.” Winding Tree’s platform is said to enable benefits for users in a… Read More

PornHub Says Crypto Used in Only 1% of Purchases, but More Expected

There have been multiple news stories this year of businesses in the adult sector increasingly using crypto, but according to PornHub, only 1% of visitors to the site are so far paying with digital currencies, Hard Fork reports. Still, given that PornHub claims 28.5 billion… Read More

70% of Low Cap Cryptos Now Valued at Less Than ICO Raised

Although projects selling ICO’s (initial coin offerings) in 2018 have raised twice what they did in 2017, “7 out of 10 tokens that are sitting below (the top 100) have valuations that are now under their initial raise,” says crypto news provider diar.co. And while… Read More

Judge Rules that CFTC Has Jurisdiction in Case Against My Big Coin ICO & Allegations of Fraud

Gavel Court Legal Trial Law rawpixel unsplash

In January 2018, the Commodity Futures Trading Commission (CFTC) leveled allegations of fraud and misconduct against My Big Coin, an initial coin offering (ICO) that was said to fleece $6 million from investors. My Big Coin fought back when defense counsel said the CFTC had… Read More

SEC Says Canadians Accused of “Plexcoin” ICO Fraud Refusing to Cooperate

The SEC told a New York courtroom Tuesday that two defendants accused of selling a fraudulent ICO (initial coin offering) called “Plexcoin” have been ignoring court orders to document their assets and are refusing to “participate meaningfully” in an SEC court action against them. According… Read More

Texas Issues Emergency Cease and Desist Orders Against Three ICO Projects

The Texas State Securities Board (TSSB) has issued emergency cease and desist orders against three ICO/cryptocurrency projects soliciting investors in Texas: Coins Miner Investment Ltd., DGBK Ltd. (DigitalBank) and Ultimate Assets LLC. All three projects allegedly used misleading information to promote their projects, and none… Read More

Australian Securities and Investment Commission Halts Several Proposed Initial Coin Offerings

The Australian Securities and Investment Commission (ASIC) has issued a statement indicating it has taken action against “misleading Initial Coin Offerings (ICOs) and crypto-asset funds” which have targeted retail investors.  ASIC said it has stopped several ICOs or “token generation events.” These ICOs have been… Read More

Crypto Trading Platform Caspian Raises $16 Million in Token Pre-Sale

Caspian Token

Caspian, a cryptocurrency trading platform targeting institutional investors, says it has raised USD $16 million a pre-sale of their CSP token. Investors take note: the initial coin offering is not available in both the US and China. A public sale is scheduled for October 3rd…. Read More

“The Case Will Proceed to Trial”:  Taking the RECoin / Diamond & Other ICO Actions One Step at a Time

The Jury by John Morgan Trial Court Judge Law

As has been reported widely, digital token sales (sometimes referred to as initial coin offerings or ICOs) arguably are becoming increasingly important as a new form of capital raising.  To date, certain regulators (including the U.S. Securities and Exchange Commission (the “SEC”)) have provided ongoing… Read More

Official Says Russian Central Bank’s ICO Pilot a Success

Ivan Semagin, Deputy Director of the Financial Market Development at the Bank of Russia, told attendees at a finance and trade conference in Vladivostok this week that the Bank of Russia’s first “sandbox” trial of an ICO (intitial coin offering) blockchain system went well technically, though… Read More

FINRA Charges “HempCoin” ICO-Issuer with “Unlawful Distribution of Cryptocurrency Securities”

FINRA announced today that it has charged the Massachusetts creator of the “HempCoin” ICO (initial coin offering) with securities fraud and, “the unlawful distribution of an unregistered cryptocurrency security…” FINRA, a Washington, DC-based self-regulatory organization of considerable might that presides over American securities brokers, claims that,… Read More

Ripple’s General Counsel Departs in Midst of Lawsuits

The lawyer Brynly Llyr will be leaving her post as Lead Counsel at remittance company Ripple, a Ripple spokesperson has confirmed to Quartz: “We’re grateful for all that she did to help build an incredible team…(and) wish Brynly all the best in her next endeavor…(T)he… Read More

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