Tagged: initial coin offering

Report: Wefunder Raises $1.7 Million in Series A Funding from Germany based Investor

Last week, it was picked up by Crunchbase that Wefunder, a Reg CF crowdfunding portal, has closed on a $1.7 million Series A funding round. Depending exactly how you measure it, Wefunder is a top portal providing access to capital for mainly smaller firms. Wefunder… Read More

SEC Fined and Sanctioned Crypto Project Paragon Pumps 6800% on Russian Exchange

A Happy New Year, indeed. Paragon Coin (PRG), the crypto token of a “cannabis on blockchain” project sanctioned in November by the SEC, pumped 6800% overnight on New Year’s Eve on the Russian crypto exchange Yobit. When PRG holders woke up in the new year,… Read More

Silver-Miller Strikes Again With Another Alleged Crypto Fraud Lawsuit

Florida law firm Silver Miller is making quite a name for itself as it files yet another class action lawsuit against a crypto Ponzi scheme called “Coin Signals” allegedly pervaded by Jeremy Spence of New York, Jaime Cruz-Herrera of New Jersey and associates. According to a… Read More

More Layoffs at an Ethereum Start Up: Didn’t See Bear Market Coming

An Ethereum-inspired browser startup called Status is cutting 25% of its staff (about 25 employees) in an attempts to weather the particularly bad “crypto-winter” it failed to anticipate: “This happened because we budgeted based on an assumption of a higher floor in the event of… Read More

Court: Cryptocurrency Sent to Wrong Address Must Be Returned

The world of cryptocurrencies has often been compared to the Wild West or some other “every man for himself” situation. Users are repeatedly admonished to protect their “private keys” (passwords, essentially) and maintain custody of them whenever possible. “No keys, no crypto” is a popular… Read More

“Green” Crypto Mining Venture, Envion, Shut Down by Swiss Judge

A purported environmentally-friendly project for the mining of cryptocurrencies in Switzerland has been dissolved by a Swiss court as a result of bitter infighting by founders, Michael Luckow and Matthias Woestmann, Swiss news outlet Handelsblatt reports. A reported 30 000 investors may now have a… Read More

AriseBank CEO Indicted in Texas for Cryptocurrency Fraud, Faces Possible Prison Sentence

Jared Rice Sr, the man behind AriseBank and the associated cryptocurrency/token, AriseCoin, has been indicted in the Northern District of Texas and, if convicted, faces a possible prison sentence of 120 years. Rice Sr was arrested by the FBI Wednesday and is charged with 3… Read More

Lawsuit Reveals Questionable Progeny of Major Israeli Crypto Figure and Associated Companies

  A lawsuit involving a prominent figure in the “thriving” Israeli crypto sector, Moshe Hogeg, has revealed that one of the country’s most famous crypto companies, Invest.com, was formed in part from from a failed Israeli binary options company sanctioned internationally for fraudulent acts, Times of Israel reports…. Read More

France to Change the Tax Regime for Cryptoasset Gains

While the price of bitcoin and most cryptocurrencies is experiencing one of its frequents crashes, the French government and the French regulators are steadfastly working hand in hand to make France a cryptoasset-friendly country. After tackling the issue of initial coin offering (ICO) regulation and… Read More

Following Settlement with the SEC, Paragon Claims it is “Making History” Calls SEC Enforcement Action a Positive Agreement

Cannabis focused blockchain startup Paragon (Paragon Coin) has issued a press release following the Securities and Exchange Commission’s (SEC) announcement last week that Paragon had settled with the SEC regarding charges of issuing an unregistered security. Paragon was one of two ICOs that were deemed… Read More

RECoin and Diamond Reserve Coin ICO Issuer Pleads Guilty to Fraud

The first person to be prosecuted in the US for ICO (initial coin offering) fraud has pleaded guilty to misleading 1000 investors, Bloomberg reports. On Thursday, Maksim Zaslavskiy, 39, admitted in a Brooklyn federal courtroom that he collected money for two ICOs: RECoin and Diamond… Read More

China Flags Crypto “Airdrops”

As part of ongoing government efforts to quash initial coin offerings (ICOs) in China, the People’s Bank of China (PBoC) has extended prohibitions to cover “airdrops” -the promotional distribution of free cryptographic tokens- which may possibly be being used now in China to circumvent the… 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

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

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

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

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