Shaurya Malwa · 36 mins ago · 2 min read · Insights via Michael Moro
U.S. › Legal
Here’s the simple reason why the new class-action lawsuit against 11 crypto companies may soon be dismissed
Some of the most prominent crypto companies in existence are now facing a torrent of coordinated class-action lawsuits, which accuse them of issuing and selling unregistered securities to unsuspecting investors.
An attorney reviews ‘CryptoMom’ Hester Peirce’s plan to develop a framework for token sales; could it work?
Last week, SEC Commissioner Hester Peirce (aka ‘CryptoMom’) formally proposed a “safe harbor” for fundraising by token sale.
Blockstack – a “decentralized computing network and app ecosystem” – announced in a recent blog post that they hit a massive network milestone of acquiring one million users on the platform, allowing them to unlock $6.8 million in additional funding, per the terms of their 2017 crypto token offering.
HEX, a new cryptocurrency that claims to be the first high-interest blockchain certificate of deposit, is facing significant backlash after different analysts argue that the project was launched mainly to enrich its founder.
Bittrex › Israel › ICOs
At the end of October 2019, the blockchain-focused media company BLOCKTV announced the November 21, 2019, launch of its native cryptocurrency on Bittrex Global.
The entities behind Telegram and its $1.7 billion ICO were hit by an emergency action and restraining order by the SEC for failing to register its Gram token as a security.
U.S. › Regulation
Blockstack PBC, a decentralized computing network, announced that it has raised $23 million in two of the first token offerings approved by the SEC.
Russia › Altcoins
After months of anticipation, messaging app Telegram is inching closer to launching its Gram token.
U.S. › ICOs
The Securities and Exchange Commission (SEC) is ramping up its efforts to combat crypto fraud.
U.S. › People
Balaji Srinivasan, the former CTO of Coinbase and general partner at Andreessen Horowitz, believes that cryptocurrencies will bring about significant changes to the world of investing.
Ethereum › New York › People
Ethereum co-founder Joseph Lubin taken to court for $13 million for failed ConsenSys spinout Token Foundry
ConsenSys founder and Ethereum co-founder Joseph Lubin was summoned to court in a $13 million lawsuit connected to failed ConsenSys spinout Token Foundry.
U.S. › ICOs
Algorand, a Boston-based blockchain company, raised over $60 million in a token sale held on CoinList.
Russia › ICOs
Telegram, one of the fastest growing messaging apps in the world, will for the first time make its Gram token available to retail investors through Liquid exchange.
U.S. › Regulation
FinCEN issues guidance on privacy coins, LocalBitcoins sellers, prediction markets, and other crypto businesses
US regulatory agency FinCEN released new guidance on whether certain crypto businesses are regulated as money services businesses.
The rapid growth of cryptocurrencies and other digital assets in recent years, combined with seemingly unlimited potential applications for blockchain and distributed ledger technologies across a range of industries, has led to an unprecedented period of innovation and the emergence of some of the most disruptive technologies in decades.
Bitcoin · Ethereum › U.S. › Regulation
The SEC chairman Jay Clayton provided additional clarity on the securities treatments for cryptocurrency—more specifically by addressing his stance towards William Hinman’s statements about Bitcoin and Ethereum potentially being non-securities.
Bittrex › Korea · Seattle › Exchanges
Bittrex International, a US-based cryptocurrency exchange headquartered in Seattle, announced that it will be hosting the first Initial Exchange Offering (IEO) for RAID’s XRD token later this month.