Best Bitcoin Mining Comparison. Hashflare vs Genesis Mining
Bitcoin Cloud Mining Comparison List. Top Cloud Mining Contracts Reviewed

Posts Tagged ‘ICO’

US SEC Halts TON Launch Over $1.7B ICO — Highest-Level Action Yet?

Late Friday, the United States Securities and Exchange Commission (SEC) announced that it is suing two offshore entities, Telegram and its wholly owned subsidiary, TON Issuer, for holding an unregistered token sale. According to the complaint filed in the federal district court in Manhattan on the same day, Telegram sold approximately 2.9 billion crypto tokens,…

Read More

Compliant ICO Blockstack at Disadvantage to Unregulated Token Sales

Blockstack, the company that recently completed a registered and compliant token sale, may stand at a disadvantage to projects that exploited the Wild West market for ICOs. The US Securities and Exchange Commission is slapping fines and attempting to punish the projects, but only after millions were raised. Blockstack Completed Pre-registered Compliant ICO on September…

Read More

SEC Charges Adult Entertainment Token Platform With 2017 ICO Fraud

The U.S. Securities Exchange Commission charged Jonathan Lucas, 27, the CEO of online adult entertainment marketplace, with running a fraudulent initial coin offering (ICO) scheme. According to the SEC’s lawsuit, the company claimed that investors could purchase its token and use them to request certain actions in a live adult performance on the platform. “Fantasy…

Read More

Kik Messaging App to Shut Down Following SEC Lawsuit Against ICO

Following reports of Kik Interactive subsidiary Kin laying off 70 employess, Kik Interactive CEO Ted Livingston announced Monday that Kik will also be shutting down. Speaking with CoinDesk and in a company blog post, Livingston said the ongoing dispute with the U.S. Securities and Exchange Commission (SEC) has forced Kik to close its doors, confirming…

Read More

Whether It’s an ICO or an IEO, Regulatory Compliance Is Still an Issue

Changpeng Zhao, the CEO and founder of top crypto exchange Binance, has underscored that exchange-hosted token offerings are no less subject to regulatory hurdles than their initial coin offering (ICO) predecessors. The CEO, better known in the industry as “CZ,” made his remarks in an interview with Bloomberg on April 10. As previously reported, so-called…

Read More

Bermuda Ministry of Finance Approves Velocity Ledger ICO

The Bermuda Ministry of Finance has approved the initial coin offering (ICO) of trading company Velocity Ledger Holdings Limited (VLHL), according to a press release published on April 10. VLHL’s subsidiary VL Financial is now in the application process with the Bermuda Monetary Authority (BMA) to obtain the relevant licenses to operate. If approved by…

Read More

Cryptocurrency Exchange IronX Launches Following $26 Million ICO

Cryptocurrency exchange IronX has launched for the public following a $26 million initial coin offering (ICO), technology-focused media outlet The Fintech Times reported on April 4. IronX is a regulated trading platform that was jointly established by digital trading firm IronFX and EmurgoHK, developers of the ninth-largest crypto by market cap, Cardano (ADA) in October…

Read More

SEC Issues First ‘No-Action’ Letter Clearing ICO to Sell Tokens in US

The U.S. Securities and Exchange Commission (SEC) has issued a “no-action” letter to TurnKey Jet, Inc., agreeing that tokens used by the business travel startup are not securities. The regulatory stamp of approval is contingent upon the company using its tokens under certain conditions. Those conditions include: token-generated funds cannot be used to develop the…

Read More