ICO News

Tezos (XTZ) Sinks Deeper below ICO Price Amidst Market Slump
The slide of Tezos (XTZ) has accelerated, and the asset is now trading significantly below the price of its initial coin offering (ICO). The token sale was conducted at $0.51 per XTZ, and bonuses lowered the effective price to $0.42. The regular ICO ...
Cryptocurrency Enthusiastic American Congressman Pushes for ICO Legitimacy
However, scams have put it on high alert for regulatory bodies. American bodies such as the Security and Exchange Commission (SEC) for example are keeping a close watch on ICO's whether it be shutting them down, or even warning individuals who ...
United States: District Court Says SEC Must Do More To Prove That ICO Was A Security
In denying a Motion for Preliminary Injunction, the U.S. District Court of the Southern District of California determined that the SEC failed to show that an initial coin offering ("ICO") satisfied the characteristics of a "security." The SEC's ...
ICO Analysis: Near Protocol
(+1.5); The team consists of many former Google, MemSQL, and Facebook employees. (+3); The test-net is planned to be launched in December and the main-net in March. This should keep the buying pressure high after the ICO is concluded and prevent an ...
EXCLUSIVE: Arron Banks taking ICO to court over fine
Arron Banks has threatened to take the Information Commissioner's Office (ICO) to court over fines amounting to £135,000 issued to Eldon Insurance and Leave.EU last month. Banks told Insurance Times that the fine had been blown out of proportion by the ...
The worst month for Bitcoin in seven years and ICO problems
The Japan Financial Services Agency (JFSA) will change the regulation of the ICO market to protect investors. All organizers of ICO projects will have to get registration with the regulator. The authorities will revise the rules for the work of ...
United States: Federal Court Denies SEC Injunction In Blockvest ICO
On October 3, 2018, the SEC filed its complaint seeking to enjoin Blockvest's ICO. The SEC alleged that Blockvest and Ringgold had (1) falsely claimed that their ICO had been registered and approved by the SEC, (2) falsely represented that that they ...
Alleged Naked Technology ICO Scam Results in Founders' Arrest Warrant
The initial coin offering industry has seen its fair share of illicit projects. In most cases, investors are promised massive returns when they make a financial contribution. It now appears the Naked Technology ICO is also under a lot of scrutiny. One ...
Japanese Financial Watchdog to Launch New ICO Regulations
Under the new rules, all business operators looking to conduct an ICO would be required to register with the FSA. The agency first plans to submit bills for revising laws pertaining to financial instruments, exchanges, and payment services during the ...
Foton Bank ICO: Decentralized Virtual Banking Ecosystem
FOTON markets itself as the financial ecosystem of the future. This decentralized virtual crypto banking ecosystem delivers instant payments via blockchain technology and contactless payments. FOTON delivers a revolutionary offering in the banking ...
Report: US Congressman Announces Plans for Federal Cryptocurrency and ICO Regulation
The same month, over 45 representatives of major crypto companies and Wall Street firms attended a Congressional roundtable discussion on cryptocurrency and ICO regulation. During meeting, which was hosted by Davidson, experts expressed concerns ...
US Court Denies SEC's Request to Classify Blockvest ICO Token as Security
In an important ruling for the crypto space, a California judge last week denied the US Securities and Exchange Commission's (SEC) request to classify an initial coin offering (ICO) token as a security. According to court documents released on November ...
Celebs and ICOs: The Makings of a Dangerous Duo
Two major names in the entertainment industry fell victim to the fallout associated with a fraudulent ICO of crypto financial services startup Centra Tech. In 2018, the three co-founders of the project were indicted and charged with securities and wire ...
Illegally plugging fraud ICO leads to $750K penalty for Mayweather, DJ Khaled
Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Satoshi Vision (BSV) is today the only Bitcoin implementation that follows Satoshi Nakamoto's original whitepaper for Peer to Peer Electronic Cash. Bitcoin BSV is the ...
The ORACOL XOR ICO And TRADEBTC.EU Exchange For ORACOL XOR
ORACOL XOR is the latest crypto with a dedicated exchange as of January 2019 (https://tradebtc.eu) to make a splash in the crypto world, allowing users to buy Oracol Xor with Bitcoin, Ethereum and US Dollars during the ICO ( 11 December to 31 December ...
Japan Updates ICO Regulations While BitTrade Joins Huobi Family
Japan's crypto friendly status has been achieved through a solid regulatory framework which protect investors without stifling trading or innovation. This has been strengthened this week when its financial watchdog announced plans for further ICO ...
South Korea Mulls Imposing Taxes on Cryptocurrency ICO
According to The Korea Times, Hong Nam-Ki, Finance Minister nominee, revealed that the South Korean government is planning to tax cryptocurrency and initial coin offerings (ICO). Nam-Ki submitted his written answer before the South Korean National ...
Is the end of CryptoExchanges and ICO's amongst us?
With the rise of cryptocurrencies and ALT coins, fuelled by the retail madness of Initial Coin Offerings (ICO's) in late 2016 and all of 2017, we have seen an increase in the number of trading exchanges that have come to fruition. Everything seemed to ...
John McAfee Taunts SEC After Agency Affirms ICO Promotion without Payment Disclosure is Fraud
Panic started as some ICO promoters understood that only saying “I'm being paid” was not enough. In fact, the SEC asked for a lot more information instead. With two high-profile promoters fined, panic was quick to spread and some influencers who relied ...
SEC Cracks Down on ICO Social Media Influencers
In the largely unregulated mid-late 2017 and early 2018 ICO Wild West, many social media influencers and media platforms took payments in the form of direct payments or affiliate commissions to advertise ICOs. As the dust begins to settle, the SEC has ...
ICO Analysis: Pledgecamp
Imagine that someone named Alice has this groundbreaking idea for a new hoverboard. Because she lacks sufficient funds to start developing the product, she needs others to fund her. She can present her idea along with a viable business plan and a ...
ICO to probe facial recog amid concerns UK cops can't shake their love for unregulated creepy tech
The UK's data protection watchdog is investigating cops' use of facial recognition technology amid growing concerns about efficacy and ethics. The tech is used by a number of forces in the UK, often during high-profile public events like Notting Hill ...
Deep dive: Kendall Almerico on lessons learned from the AirFox ICO debacle
The terms of AirFox's ICO required purchasers to agree that they were “buying AirTokens for their utility as a medium of exchange for mobile airtime, and not as an investment or a security.” In other words, AirFox assumed they could agree with their ...
Singapore Updates ICO Fundraising Requirements with Stricter Registration Procedures
The Monetary Authority of Singapore (MAS) has issued new guidelines on ICO issues and token sales. The changes list multiple actors within the token sale environment and aim to bring the fundraising in line with money laundering and terrorism financing ...
Monumental: Federal Court Rules Case in Favor of Crypto ICO Against SEC
Last week, the U.S. federal court ruled a case between the U.S. Securities and Exchange Commission (SEC) and a crypto initial coin offering (ICO) project called Blockvest in favor of the ICO project. Marco Santori, the president and chief legal officer ...
CEO of AriseBank Arrested by FBI Over $4 Million ICO Embezzlement
The FBI has arrested the CEO of a crypto bank on charges of embezzlement of around $4 million raised from investors through AriseBank's ICO. The United States Attorney's Office of the North District of Texas announced on Wednesday (November 29th) that ...
Korea's Largest Internet Firm Kakao Is Running a Crypto ICO That Is Not Subject to SEC Scrutiny
Kakao, South Korea's largest internet conglomerate that operates applications and have nearly a 90 percent dominance in their respective markets, is running an Initial Coin Offering (ICO) to raise funds for its blockchain project called Clay. In March ...
Japan's new ICO regulations aimed at investor protection
Japan has long been considered one of the most crypto friendly countries in the world. That reputation started to grow early last year when it legalized digital currencies while many of its neighbors were working on outlawing them. Over the weekend it ...
The ICO ready to take on the police over facial recognition
About the same time, Denham wrote a blog post on the ICO website expressing concerns about the legality of the police's use of facial recognition software. See related. Facial recognition technology is "dangerously inaccurate". "How does the use of FRT ...
Singapore Releases Updated ICO Guide
According to the MAS, any participant somehow involved in the ICO-related activity is an intermediary. Usually, their activity includes producing the tokens, managing an exchange upon which the token is traded, and providing financial advice for these ...
How to Thrive During the ICO Apocalypse
2017-18 brought an unprecedented amount of investment into the crypto market, primarily due to a relatively new investment vehicle, the Initial Coin Offering, or ICO for short. ICOs collectively raised around $5.5 billion during 2017, and in 2018 they ...
FBI Arrests 'Crypto Bank' CEO Who Embezzled ICO Funds
Well, that escalated slowly. The CEO of “AriseBank,” who CCN previously reported as the target of an SEC injunction and civil proceedings in January, was arrested by the FBI this week without incident on charges of fraud to the tune of around $4 ...
Singapore Central Bank Publishes Updated ICO Guidelines
These intermediaries include almost every participant that is involved in the activities related to an ICO asset. From those that produce the tokens to those that facilitate their trading on their online platforms to those that provide financial ...
Japan's Financial Regulator to Introduce New ICO Regulations
According to the report, the first and second token classifications are subject to settlement regulation such as the Financial Instruments and Exchange Act. The third of ICO tokens is subject to investment regulations like the Financial Instruments and ...
SEC's Next Move: Social Media Influencers Who Promoted Crypto ...
SEC's Next Move: Social Media Influencers Who Promoted Crypto ...
ICO 2.0 - Security Tokens are on the Rise
After the music is over and the marching band has packed up and gone home along with the ICO founders and their cheerleaders, crowd investors are usually left with a handful of worthless tokens. More than 90% of all “utility tokens” listed on crypto ...
Singapore Watchdog Releases Comprehensive Guide to ICO Legality
The Monetary Authority of Singapore has released a guide for businesses that want to make money via an initial coin offerings in the city-state. Securities, exemptions, licences. The authority back in August 2017 that some tokens count as securities ...
This Week in Crypto: Ohio Embraces Bitcoin, Judge Hassles SEC, and DJ Khaled Fined for ICO Promotion
Judge Tells SEC They Didn't Prove Blockvest ICO Is A Security: In what might amount to a legal precedent, a California federal judge told the SEC it had not adequately proven that Blockvest was a security under federal law. This doesn't mean Blockvest ...
ICO Analysis: iCumulate
iCumulate is a multifunctional social trading platform, which aims to make trading cryptocurrencies easier for the casual investor. Based on Ethereum, iCumulate will give traders all of the tools and information needed to build their own fiat product ...
Game Changer? Landmark ICO Case Finds Against the SEC
The court determined that the SEC failed to prove that the ICO satisfied (i.e. passed) the Howey Test. The Howey Test is a 1946 case law precedent that finds that a transaction represents an investment contract if “a person invests his money in a ...
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