Amidst all of the negative press of late related to crypto Initial Coin Offerings (ICOs), the Australian Government’s Treasury department has recently released an issues paper that draws attention to the many advantages and opportunities that ICOs can bring to businesses and to the Australian economy as a whole. The 27-page paper does not ignore…
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The Monetary Authority of Singapore (MAS) has today announced that it has stopped an ICO issuer from proceeding with its securities token offering in Singapore. Initial Coin Offerings (ICOs) have raised over $10 billion over the past two years, but reports indicate that nearly 80% of these fledgling startups will fail, either due to poor business planning, incompetent…
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Initial Coin Offerings (ICOs) have raised over $10 billion over the past two years, but reports indicate that nearly 80% of these fledgling startups will fail, either due to poor business planning, incompetent management teams, or the fact that they were an outright scam to begin with, plain and simple. The prevalence of shady behavior…
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it's staggering to actually realize the magnitude of ICOs, especially when it comes to the actual amount of printed money that resulted from the creation of initial coin offerings. According to a research by TokenAnalyst.io, around $13 billion have been made as a result of ICOs. This sum is for the period 2017 - 2018.…
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Recent news headlines report that police have made another arrest in connection with a $70 million Initial Coin Offering (ICO) scam in India. This scandal is unfolding at the same time that an inter-ministerial committee reviews current policy directions related to cryptocurrencies. Currently, a quasi-ban exists that is being administered by the Reserve Bank of…
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Dukascopy Bank SA has announced that its Dukascoin's website www.dukascoin.com is now on-line. Clients will now be able to find general information about the project, up-to-date news, as well as download the first official release of the Dukascoin White Paper. LeapRate reminds that the ICO of Dukascoins/Dukasnotes has been a subject to a green light…
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The wheels of justice can turn awfully slowly at times, but eventually significant precedents are constructed, which can enable a torrent of lawsuits to follow where losses have been excessively harsh. Such is the case in the world of Initial Coin Offerings (ICOs), or so it seems, according to a recent court filing in the…
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Back in October 2018, the United Arab Emirates announced its plans to make ICOs official corporate funding options and further expand its leading cryptocurrency position in the world. Reuters reported that the new regulation will come into effect some time in 2019, with ICOs legitimately "replacing" IPOs, if companies decide to do so. The major…
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The ICO of Dukascoins/Dukasnotes has been a subject to a green light from the Swiss Financial Market Supervisory Authority (FINMA) for two months now and the good news has finally arrived. FINMA has given a green light to Dukascoin, making it the first ever ICO of a Swiss Bank. Dukascopy Bank has announced the Live…
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The SEC is determined to eradicate the rampant fraud that persists within the Initial Coin Offering (ICO) space. Steven Peikin, co-director of the Securities and Exchange Commission’s enforcement division, recently delivered a speech to the Harvard Law School’s Program on International Financial Systems in which he made known his agency’s desire to clean up the…
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