According to SEC, many ICOs listed on Coinschedule.com appear in its DAO Report published in 2017, warning that: “coins sold in ICOs may be securities and that those who offer and sell securities in the U.S. must comply with federal securities laws.” SEC revealed that Blotics has agreed to cease and desist from future violations…
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Not long ago, one of the most awaited ICOs in the crypto industry was called off. Leaprate reported that Telegram called off its initial coin offering after raising the jaw-dropping amount of $1.7 billion in the presale round. Not only that, but the SEC went on to sue TON (the Telegram Open Network) and Telegram for…
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The Financial Markets Authority of France (AMF) just announced that it had approved its very first ICO in the country. The recipient who got the AMF "ICO visa" (a special crypto fundraising platform names French-ICO) was the one to meet the minimum guarantees that are demanded by local law. One of the "winning" elements were…
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Initial Coin Offerings… remember them? Investor interest seemed to wane as Crypto Winter took hold of the industry, and regulators across the globe began to clamp down on what they perceived to be fraudulent activities. Fraud losses have been excessive, and the need for valid investor protections has pushed many fund raises down a track…
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Crypto enthusiasts have always argued that all things crypto will finally reach critical mass when large blocks of institutional capital flood into the marketplace. An argument can be made that billions have already been invested in Initial Coin Offering (ICO) development efforts, as well as private corporate capital that has been allocated to an abundance…
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John Berlau, a senior fellow at libertarian think tank Competitive Enterprise Institute, has wasted no time in blasting the Securities and Exchange Commission (SEC) for its heavy handed treatment of all things crypto. The SEC recently released guidelines to clarify how it applies existing statutes in order to assist legal firms and promoters of Initial…
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Crypto attorneys that support Initial Coin Offering (ICO) promoters in the United States have been requesting for some time more clarification from the SEC on how it interprets current securities legislation to determine whether or not an ICO qualifies as an “investment contract”, thereby necessitating formal registration and investor disclosure requirements under the law. At…
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Numerai is an American prediction market company and hedge fund that recently raised $11 million in an ICO so it can launch the Erasure project. The information comes from the company itself. What Numerai does is “… incentivizing the construction of an artificial intelligence hedge fund with Numeraire, a cryptographic token on the Ethereum blockchain.”…
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AriseBank is a cryptocurrency bank that found itself amidst a $4.2 million ICO scam. The former CEO of the institution pleaded guilty to deceiving investors of around $4.2 million. The information comes from the US news agency Dallas News. Jared Rice Sr. is essentially the founder of AriseBank. What the founder admitted in federal court…
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One overused metaphor in business is that, when a new product does not go well, the management team changes its name, re-brands it, and re-launches it, as if it were a truly newer product all together. This approach to accepting failure and moving on would not be so laughable, if the new product was diametrically…
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