Tagged: initial coin offering

Warren Buffet Is Short-Sighted About Crypto – Here’s Why

Recently during a television interview, world-renowned investor and well-known Bitcoin cynic Warren Buffet described Bitcoin as “rat poison squared”. Buffett made the comment while responding to questions about Bitcoin’s meteoric and highly-publicized growth in the last five years. It would be an easy matter to… 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

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

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

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

Return of “Terrible Token Tuesdays”

After last week’s post was suspiciously ‘downvoted’ into obscurity on Reddit, this Tuesday saw the triumphant return to Reddit of the “Terrible Token Tuesdays” post that every week identifies particularly bad ICOs (Initial Coin Offerings) investors may want to steer clear of. “Terrible Token Tuesdays”… Read More

No Public ICO for Telegram

It has been widely reported that Telegram has decided against a public initial coin offering (ICO). This comes after Telegram raised over $1.7 billion in a “purchase agreement for cryptocurrency,” according to public documents. The first $850 million was raised by just 81 investors, as… Read More

PropertyCoin Launches Initial Coin Offering for Security Token backed by Real Estate

Aperture’s PropertyCoin initial coin offering kicked off yesterday as the company seeks to marry blockchain and real estate backed investments. Property Coin is said to be the first opportunity to own a professionally managed real estate portfolio using Ethereum. Based in Los Angeles, Aperture is a real… Read More

Creation of an ICO Safe Harbor Would Provide a Zone of Regulatory Certainty in a Market Flooded with Questionable Compliance

The US initial coin offering (ICO) market is the subject of a great deal of regulatory uncertainty resulting, in large part, from the absence of comprehensive guidance by the SEC.   The uncertainty has caused frustration for issuers and investors and has also been counter-productive… Read More

Quebec Sanctions “Antivolatility” and “ZZZ” ICOs

The Autorite Des Marches Financiers, regulator of financial markets in Quebec, has sanctioned the operators of two ICOs (Initial Coin Offerings). According to an April 19 press release from the AMF, after an ‘ex parte’ hearing on April 13th, the Administrative Financial Markets Tribunal (TMF):… Read More