The Top Five Initial Coin Offerings (ICO) in History

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Mastercoin launched the first Initial Coin Offering (ICO) in 2013. Since then, a plethora of companies have launched successful ICOs, where they issued new crypto tokens. Cryptocurrency- based startups and projects distribute their tokens in return of funding, where the value rise as the company grows. Just in 2017, several blockchain-based startups could raise more … Continue reading “The Top Five Initial Coin Offerings (ICO) in History”

US SEC Cracks Down on Two More Initial Coin Offerings (ICOs)

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The SEC wrapped up settlements with two ICOs on Friday and published their orders. The ICOs were Airfox and Paragon. Together, they raised over $10 million from a few thousand investors. Following the settlement, they’ll both have to pay a penalty of $250,000 and refund investors’ money. They must also register as securities and report … Continue reading “US SEC Cracks Down on Two More Initial Coin Offerings (ICOs)”

ICO Fraud: Colorado Securities Division Shuts Down Four More ICOs

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Last Thursday, Colorado Securities Commissioner Gerald Rome signed cease and desist orders for four ICOs. The securities division, based on the investigations of its newly created ICO Task Force, issued 12 such orders.  The four latest recipients were Bitcoin Investments, Ltd, PinkDate, Prisma, and Clear Shop Vision Ltd. All of these ICOs were unregistered securities, and … Continue reading “ICO Fraud: Colorado Securities Division Shuts Down Four More ICOs”

Crypto Based Funding: ICOs Raised $14 Billion in 2018

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A recently published report by the Crypto Valley Association & PwC Strategy shows that Initial Coin Offerings (ICOs) are a popular method of funding. Between January and May 2018, a whooping sum of $13.7 billion has been raised by 537 ICOs alone. Compared to the present success, 3470 ICOs raised only $21 billion since 2013. … Continue reading “Crypto Based Funding: ICOs Raised $14 Billion in 2018”

SEC Official: Plain English Guidance on ICO on its Way

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William Hinman, Director of Corporate Finance for the Securities and Exchange Commission (SEC) spoke at FinTech Week in D.C. on Monday.  He said that the SEC will soon have “plain English” guidance for ICOs. The SEC is well aware that many want definitive answers, and Hinman offered some reassurance on the matter Hinman says they … Continue reading “SEC Official: Plain English Guidance on ICO on its Way”

The Average Initial Coin Offering (ICO) has Security Flaws

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A recent audit report by Positive.com indicates that the average ICO has more than five security flaws in their system. These vulnerabilities affect the image of the company. In fact, of all the companies reviewed, only one passed in terms of security quality. It is essential to note that Positive.com prides itself on being a security platform … Continue reading “The Average Initial Coin Offering (ICO) has Security Flaws”

US SEC to be Much Stricter with ICO Scams

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The SEC’s Division of Enforcement just released its annual report.  One of its top issues was keeping up with emerging technology – in particular, ICOs.  The report provides useful data on the impact of ICO fraud and what’s being done to suppress it. ICO fraud comprised 12 out of 20 SEC cases of the fiscal … Continue reading “US SEC to be Much Stricter with ICO Scams”

China Central Bank Attacks Financial Order-Disrupting ICO’s

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China has never been a friend to the crypto-verse, but it really despises Initial Coin Offerings (ICO). The Middle Kingdom’s central bank recently released its latest public statement-salvo. It “reminded” Chinese investors that the risks of both cryptocurrencies and ICOs are potentially substantial. The Shanghai-based central bank stated in no uncertain terms what it thinks … Continue reading “China Central Bank Attacks Financial Order-Disrupting ICO’s”

98.9% of Asian Altcoin Tokens Fell Under ICO Price

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The majority of tokens enjoying initial coin offerings (ICO) became listed on renowned digital assets’ trading platforms and exchanges in Asia. Among these legendary cryptocurrency exchanges are Binance, HADAX, Huobi, OKEx, and KuCoin. The sad news is that the overwhelming majority of these tokens finally settled below their initial ICO selling price. There are a handful … Continue reading “98.9% of Asian Altcoin Tokens Fell Under ICO Price”

Switzerland’s SIX Trading Exchange Will Offer Institutional Investors Cryptocurrency Trading, Eventually

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A major European adoption of cryptocurrencies could be in the offing soon. SIX Swiss Exchange has created a huge stir in the digital assets universe. It announced last week it wants to offer institutional investors the ability to trade them. The initial bounce in the digital assets was much needed. The altcoin apocalypse had begun … Continue reading “Switzerland’s SIX Trading Exchange Will Offer Institutional Investors Cryptocurrency Trading, Eventually”