February 4, 2019 @ 12:00 pm By Onki Kwan  |  

Kik Interactive Inc. (“Kik”), a company based in Canada, raised close to $100 million selling Kin tokens during the initial coin offering (ICO) boom of 2017, making it one of the most successful ICOs. It first sold tokens to accredited investors through a SAFT (Simple… Read More

September 10, 2018 @ 11:31 am By JD Alois  |  

Hedera Hashgraph, a company pursuing a speedy iteration of blockchain that is enterprise ready, has filed an updated Form D with the Securities and Exchange Commission (SEC). According to the Reg D 506c filing, Hedera has raised $104,467,509 from 985 different investors. The offering is for… Read More

March 26, 2018 @ 2:33 pm By Anthony Zeoli  |  

Investment in the cryptocurrency industry is currently dominated by the use of Simple Agreements for Future Tokens (SAFTs). While SAFTs were a somewhat novel approach when they were introduced, now that cryptocurrency assets have become almost universally deemed “securities” by the SEC, the use of… Read More

March 16, 2018 @ 8:55 am By David Felsenthal and Jesse Overall  |  

The Securities & Exchange Commission (SEC) has reportedly sent a wave of subpoenas and information requests to companies engaged in Initial Coin Offerings (ICOs). The SEC scrutiny is perhaps not surprising, given that, as Crowdfund Insider writes, “if you invest in an ICO, the play… Read More

December 5, 2017 @ 4:04 pm By Howard Marks  |  

It is clear that the SEC is going to do an enforcement action against a number of Initial Coin Offerings (ICOs), and the people who are selling utility tokens to investors for Bitcoin or Ether cryptocurrencies. Most ICOs are conducted by companies that have not… Read More

November 21, 2017 @ 12:42 pm By JD Alois  |  

The Cardozo Blockchain Project is an initiative from Cardozo Law School that seeks to address the legal issues and challenges related to Blockchain technology and the fast emerging Initial Coin Offering market. The project is directed by Prof. Aaron Wright but includes the input and… Read More

November 6, 2017 @ 12:17 pm By Samuel Guzik  |  

As a securities lawyer and a sometimes advocate for smart regulation of capital formation, I must confess: When it comes to addressing the current state of the Initial Coin Offering (ICO) marketplace, I believe that market participants face a crisis of growing proportions. No Hype… Read More

September 8, 2017 @ 11:18 am By JD Alois  |  

Yesterday, the inaugural Initial Coin Offering (ICO) hosted on CoinList, Filecoin, closed at over $200 million raised. Crowdfund Insider reported at the end of August that two Form D’s were filed with the SEC indicating Filecoin probably closed at around $210 million. While the ICO… Read More

August 7, 2017 @ 10:40 am By JD Alois  |  

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