Tagged: ico

The Filecoin ICO Has Raised Over $200 Million. How Much Higher Can it Go?

The FileCoin Initial Coin Offering, listed on Coinlist, now stands at over $200 million invested. FileCoin is already one of the largest ICO’s ever having quickly raised this incredible sum. After a temporary pause and a bumpy start on Coinlist caused by excess demand, Filecoin… Read More

Credo ICO is at $8.3 Million, Organizers want to top $10 Million

The Credo Initial Coin Offering (ICO), listed on Bitbounce, is in full swing having currently raised over $8 million.  But Credo organizers want more. In less than 3 5 days, Credo wants to push that number to over $10 million. According to a note distributed by… Read More

Don’t Panic! US Securities Exemptions for Initial Coin Offerings

So you were ready to do an initial coin offering (ICO), and then the Securities Exchange Commission released an investigative report concluding that DAO tokens were securities.  Seasoned securities attorneys have always known that token sales could implicate securities laws if the tokens were treated… Read More

KyberNetwork ICO Reports “Massive Early Registration”

Singapore based KyberNetwork, a decentralized exchange for the instant trading of any cryptocurrency, informs us they will be closing their Initial Coin Offering (ICO) whitelist registration three days earlier than planned, “due to a massive number of registrations.” The KyberNetwork public token sale is scheduled… Read More

Full Steam Ahead: BlockMason to Offer ICO to US Purchasers Minus a Filing with the SEC

BlockMason is moving full steam ahead with their Initial Coin Offering (ICO) that will apparently be open to US purchasers. BlockMason is developing the Credit Protocol (CP) and associated Credit Protocol Token (CPT). With Credit Protocol, BlockMason says it has taken the “next logical step… Read More

SEC Suspends Trading of CIAO Group in Advance of ICO

CIAO Group (formerly traded on the pink sheets under CIAU) has received a suspension notice from the Securities and Exchange Commission (SEC).  The enforcement division of the SEC stated; “The Commission temporarily suspended trading in the securities of CIAU because of questions regarding the accuracy… Read More

Filecoin ICO “Temporarily Paused” After Raising $187 Million on CoinList

Filecoin, the first Initial Coin Offering listed on CoinList, has apparently paused its offer. The ICO stands at over $187 million following an Advisor Sale for the Token sale that raised just $52 million. The Advisor Sale was backed by some biggest names in venture… Read More

After Raising a $232 Million ICO, Tezos Gives Back with $50 Million Commitment to Companies Using Their Platform

Tezos shot straight through the stratosphere in the blink of an eye with their Initial Coin Offering several weeks back. Tezos raised an unbelievable $232 million in and ICO that took just two weeks. Simply incredible. But following the outsized success, the Tezos team has… Read More

Nippon Technology Venture Partners, FISCO Capitals & ABBA Pledge $9M+ Upcoming COMSA ICO

Tech Bureau Corp, a fintech and cryptocurrency solutions company, announced that leading Japanese VCs pledged over $9M investment in COMSA’s ICO. Nippon Technology Venture Partners, FISCO Capitals and ABBALab Inc will invest in COMSA ICO tokens and XEM. COMSA, a complete Initial Coin Offering fundraising… Read More

Warning! Singapore tells Consumers to Exercise Due Diligence on Initial Coin Offerings

The Monetary Authority of Singapor (MAS), along with the Commercial Affairs Department (CAD) have published a warning to consumers regarding Initial Coin Offerings (ICOs) or Token Offers and other investment schemes involving digital coins. The ICO market and affiliated Token Offerings has risen rapidly catching… Read More

Protocol Labs Raises $52 Million in Filecoin “Advisor Sale” ICO, Public Offering is Available Now on CoinList

CoinList is an ICO Platform Backed by AngelList Protocal Labs is reporting it has raised $52 million in an “Advisor Sale” of its Filecoin token. The Initial Coin Offering is (ICO) is live now and open for investment by accredited investors. Protocol Labs was founded in… Read More

China: WeiyangX Fintech Review

Baidu Partners With PayPal to Tap Cross-border Payments On July 28, Baidu annouced a strategic agreement with PayPal to tap oversea merchants as Chinese tech companies ramp up the fight for overseas payment partnerships. The partnership allows Baidu Wallet users to make online purchases outside… Read More

So You Want to (Legally) Raise an ICO?

  On Tuesday, July 25, the SEC announced that Initial Coin Offerings, also called Token Sales, in many cases may be considered securities. Of course, this probably terrifies a large amount of the ICO community. So how do you actually legally raise an ICO? Your… Read More

Singapore Concurs with US SEC: ICOs May Be Regulated as Securities by MAS

The Monetary Authority of Singapore (MAS) is out with a statement today regarding the burgeoning Initial Coin Offering or ICO market. The cryptocurrency driven funding sector has been red hot in recent months with some issuers raising tens of millions of dollars in a totally… Read More

What’s Next For Token Sales & ICOs After the SEC’s Recent Warnings

  Disclaimer: Although I am a securities attorney, I am not your securities attorney, so the following is in no way legal advice. If you are thinking about doing an ICO or token sale, I highly recommend talking to and hiring your own attorney. If you’ve been… Read More

When is an ICO a Security? Law Firm Morrison Foerster Responds

In the aftermath of the SEC statement on Initial Coin Offerings and their intent to crack down on issuers in breach of securities law we reached out to Morrison Foerster for commentary on the question as to when an ICO is in fact a security…. Read More

Here is Tim Draper’s Open Letter to the SEC Regarding ICO Regulation

Tim Draper, a well known Venture Capitalist who is very active in Fintech, posted an open letter last week addressed the Securities and Exchange Commission regarding the recent comments on regulating Initial Coin Offerings. The letter was published in conjunction of the launch of the… Read More

French Firms Form An Association To Weigh in on Cryptocurrency Investment

French firms have formed an association to foster the sustainable growth of the cryptocurrency investment sector and weigh in on its governance. Among other things, they hope to build on progressive regulations such as the French decree that allowed crowdlending securities called minibons to be… Read More

Credo ICO Pushes Forward as SEC Warns Sector of Possible Enforcement Actions: Stewart Dennis Responds to SEC Announcement

The Securities and Exchange Commission published a report this week that rattled the hot Initial Coin Offering (ICO) sector is still being ingested by both platforms and companies looking to offer bespoke tokens. But as the SEC fired shots across the bow of the ICO… Read More

Singapore Fintech Firm Trying to Make a Bitcoin Visa Card

TenX, a fintech firm based out of Singapore, is trying to bring cryptocurrencies, like Bitcoin and Ether, out of the digital world and into the real world through the creation of a pre-paid Visa card that will instantly convert cryptocoins into real spendable cash. Bitcoin… Read More