Tagged: initial coin offerings

EY: Initial Coin Offerings from 2017 Sink as 86% are Below ICO Listing Price

Those high-flying initial coin offerings (ICOs) that launched in 2017 have lost their luster, according to a report by EY. The global consultancy firm has recently published a report that states in the first half of 2018, 86% of the leading ICOs that listed on… Read More

European Regulation Is on the Way, Crypto Exchanges Had Best Be Prepared

The European Union does not need to seek out any problems for the moment, with the highly publicized ‘divorce’ from the UK taking place in the full media spotlight, but it’s easy to forget that, as things stand, the EU is also taking its approach… 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

Hong Kong Securities Regulator Seeking Balanced Crypto Rules Says Chief

Properly regulating the cryptocurrency sector is a complex affair, says outgoing Hong Kong Securities and Futures Commission (SFC) chairperson Carlson Tong, but a complete ban is futile: “We do not think imposing a total ban on these platforms is necessarily the right approach, and it will… Read More

SEC Expands Scrutiny of Companies That Sold ICOs to Unaccredited Investors

The American Securities and Exchange Commission (SEC) has been following up on “scores” of subpoenas it sent in January to companies issuing ICOs (initial coin offerings) and is now focussing on those and “many more” that sold ICOs to unaccredited investors, Yahoo Finance reports. Based… Read More

South Korean Government Reps Reaffirm Anti-ICO Stance

South Korean Finance Minister, Yong-Joo Park told auditors from the Finance Committee of the Yeouido National Assembly in Seoul this morning that ICOs (initial coin offerings) pose undue risks to investors and should not be equated with blockchain, Yonhap News reports. “The government does not… Read More

The Good, the Bad, and the Ugly: How Different Industries are Utilizing (or Exploiting) Blockchain Technology

When a new technology emerges, the word ‘disrupt’ is utilized to highlight the wonderful features to be developed and promises to be fulfilled. Since blockchain technology gained popularity in the last decade, the term blockchain has been linked to the term ‘disrupt’ almost as a… Read More

Just 2 of 8 German ICO’s Are in the Black

Ethereum’s mythical 17 000% 2017 price rise is but a distant memory in 2018’s long bear market, and for three-quarters of ICO (initial coin offering) projects initiated in Germany by German companies, a “loss is now closer than such dream returns,” WirtschaftsWoche reports. A total of… Read More

How Chinese Investors are Circumventing the ICO and Crypto Ban

Xinhua News has confirmed that citizens in China are using various types of evasion to continue investing in ICO’s and crypto despite a comprehensive ban there. Essentially, the crackdown has pushed Chinese crypto activity underground: exchanges have moved off shore, there has been a boost in… Read More

Industry Advocates in Washington, DC This Week to Consult on Cryptocurrency Legislation

Warren Davidson

Representatives from Wall Street and prominent US crypto investment/services firms are convening in Washington this week to attend a legislative roundtable hosted by Republican Representative Warren Davidson of Ohio, CNBC reports. Attendees at the roundtable, titled “Legislating Certainty for Cryptocurrencies,” are reportedly hoping to influence… Read More

Google to Allow Regulated Crypto Services to Advertise in US and Japan

Google UK

Google will reduce the extent of its ban on cryptocurrency ads this October by allowing regulated crypto exchanges to advertise on the platform to US and Japanese audiences only, CNBC reports. In the spring and early summer of this year, Google, Facebook, Twitter and SnapChat… Read More

Swiss Bankers Association Partners with Crypto Valley Association as New & Old Meet to Support Blockchain Companies

The Swiss Bankers Association (SBA) has published guidelines for opening corporate accounts for blockchain based firms. The SBA action was taken with the support of the Crypto Valley Association (CVA) in an interesting alliance of new finance and old. Switzerland has gained a global reputation as… 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

Samoan Central Bank: “No Guarantee Cryptocurrencies Will Hold Their Value,” Dealers Will Be Treated as Financial Instittutions

samoa currency

The Central Bank of Samoa (CBS) has issued a press release warning the public that cryptocurrencies like Bitcoin have no legal status as currencies in that country and should be considered, “very risky and speculative in nature.” According to the CBS: “People who invest in… Read More

European Parliament Draft Legislation Shows Intent to Enable Crowdfunding Platforms to Host Initial Coin Offerings

Ashley Fox MEP

A recent draft of legislation by the European Parliament pertaining to European Crowdfunding Service Providers (ECSP) indicates an interest in rolling in initial coin offerings (ICOs) along with more traditional securities. While still just a draft, the document shows a clear interest in empowering online… Read More

China Cracks Down on “Barbaric Growth” of Crypto Communications

A total ban on ICOs, cryptocurrencies and related exchanges enacted in China last September has hit the ground twice in the past two weeks, The South China Morning Post reports. Chinese government censors shut down at least 8 crypto-focused media accounts on Chinese social media site… Read More

What’s in a Name: STOs vs. ICOs

The initial coin offering (ICO) frenzy is a starting to move beyond its toddler years. After a slow start, ICOs rocketed into public awareness with high profile funding rounds and ridiculous scams accompanied by heightened speculation on unregulated crypto exchanges. Crowdsales generated offerings in the… Read More

FINRA Issues Investor Alert on Initial Coin Offerings

FINRA (Financial Industry Regulatory Authority), the SRO that oversees all of the broker dealers in the US, has issued an investor alert pertaining to initial coin offerings (ICOs). In the alert, FINRA states: “[We are] issuing this alert to inform investors that investments in digital… Read More

SEC Issues Investor Alert on Self Directed IRAs, Includes Special Warning on Digital Assets such as ICOs

Last week, the Securities and Exchange Commission issued an investor alert on Self Directed IRAs. As one would expect, the individual investor manages these retirement accounts without the assistance of an investment advisor. A self-directed IRA is held by a custodian that allows investment in a broader… Read More

Darren Marble: Bullish on the Emerging Security Token Offering Market in the US

Darren Marble, CEO and founder of CrowdfundX, a firm that provides a modern spin on financial marketing for the new world of Fintech and online capital formation,  recently commented on the trends and observations in the U.S. security token market. In the write up, Marble made various… Read More

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