Tagged: initial coin offering

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

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

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

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

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

Tim Draper Invests in Credo’s Initial Coin Offering Set to Launch Tomorrow (July 26)

BitBounce is a cryptocurrency spam solution and Credo is a cryptocurrency that can be used via BitBounce to help manage spam. Credo is preparing to launch their Initial Coin Offering (ICO) tomorrow (July 26th) and the organizers have reported that Tim Draper, via his VC… Read More

CoinList Attempting to Standardize & Self-Regulate ICOs

CoinList, founded as a partnership between Angel List and Protocol Labs, is quietly trying to standardize initial coin offerings (ICOs) by self-imposing similar restrictions as the SEC imposes on companies that conduct certain private offerings under Regulation D. The Growing ICO Market ICOs have been… Read More

Eyes Wide Shut: ICOs as a New Path to Startup Fundraising (Password Required)

This article is my attempt at providing a definitive guide to the complex, and so far, self-regulated, landscape of ICOs. Warning: mature content. What on Earth is ICO? Just as how in the ancient movie “Eyes Wide Shut” the password “fidelio” gave access to a… Read More

Doug Ellenoff: We Have Concerns about ICOs But Want to Work With the Industry to Ensure a Successful Outcome

The Initial Coin Offering (ICO) space has been rocketing recently. It seems that every few days the next hot ICO is raising incredible sums of money from global investors. ICOs have plenty of supporters and detractors with most followers advising caution in this largely unregulated… Read More

Law Firm Calls Bancor ICO “Interesting,” Cautions Investors Participating in ICOs

Earlier this month, Bancor Foundation raised more than $153 million in a “crowdsale” in what may be considered the largest crowdfunding campaign in history. This “Token Generation Event” or TGE saw 10,855 buyers step in for a total of 79,323,978 Bancor network tokens (BNTs) created with… Read More

Network Backlog Causes Ethereum’s Price to Plummet

Ether, the cryptocurrency which runs the Ethereum blockchain network, fell over 10% the last couple days which was caused by a backlog of network orders from recent Initial Coin Offerings (ICOs). The cryptocoin had reached a high of over $400 a coin earlier this month… Read More

Russian Blockchain Platform Waves Carves Out New USD Gateway

Fresh from completing its Initial Coin Offering in June 2016 which reportedly garnered more than $16 million (30,000 BTC), Waves platform has introduced a now live USD gateway. Waves, a Russian decentralised platform for launching crowdfunding campaigns and issuing digital assets, has announced that its users can… Read More

investFeed Preps for Initial Coin Offering

investFeed, a social network for financial markets, is preparing to launch an Initial Coin Offering (ICO).  Founder and CEO Ronald Chernesky has scheduled a meetup for accredited investors in New York City to take place on June 20th. The pre-sale and ICO preview is described… Read More