News ICOs

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. The new crypto on the block On Dec. 2, Richard Heart, a blockchain thought leader and cryptocurrency investor, launched a new cryptocurrency, […]

At the end of October 2019, the blockchain-focused media company BLOCKTV announced the Nov. 21, 2019, launch of its native cryptocurrency on Bittrex Global. The BLTV token will reportedly be used by creators, advertisers, and creators to improve engagement on the platform. Since the announcement, some commentators have, however, picked apart the real utility of […]

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. The U.S. Securities Exchange Commission is alleging that the companies behind Telegram and its initial coin offering have been conducting an unregistered securities offering. […]

Blockstack PBC, a decentralized computing network, announced that it has raised $23 million in two of the first token offerings approved by the SEC. SEC-regulated token offering In July, Blockstack made headlines by becoming the first company in history to be qualified by the U.S. Securities and Exchange Commision under Regulation A+ to conduct an […]

After months of anticipation, messaging app Telegram is inching closer to launching its Gram token. The “first batches” of the cryptocurrency are set to be delivered to investors ahead of the Oct. 31 deadline, according to a report from the New York Times. Anonymous investors reveal Telegram actively working on Gram tokens The amount of […]

The Securities and Exchange Commission (SEC) is ramping up its efforts to combat crypto fraud. The Commission filed an emergency legal action against the owner of Veritaseum, Reggie Middleton, whose ICO raised almost $15 million—obliterating the price of VERI. Combating fraudulent ICOs The SEC is ramping up actions against unscrupulous ICOs. Although the Commission has […]

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. The industry has created new ways of raising capital, allowing it to come off the sidelines and “flow like water.” What’s next for crypto? Blockchain and cryptocurrencies have infiltrated […]

ConsenSys founder and Ethereum co-founder Joseph Lubin was summoned to court in a $13 million lawsuit connected to failed ConsenSys spinout Token Foundry. Charges levied against Lubin by the startup’s former CEO, Harrison Hines, include fraud, unjust enrichment, and breach of contract. Joseph Lubin appeared in court this month, according to a court summons filed […]

Algorand, a Boston-based blockchain company, raised over $60 million in a token sale held on CoinList. When combined with the Algorand Foundation’s token distribution fund of 2.5 billion Algos it would have a market cap of $6 billion, putting it at seventh above Binance Coin and below EOS. Algorand’s token sale implies a $6 billion […]

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. The exchange said that the limited listing will be available from July 10 and that a full public sale is planned for October. Gram will finally be available […]

The U.S. Securities and Exchange Commission (SEC) has sued messaging app Kik over their 2017 ICO for its KIN token. Officials allege that the ICO constituted an unregistered securities offering. Steven Peikin, co-director of the SEC’s Division of Enforcement that Kik “deprived investors of information to which they were legally entitled, and prevented investors from […]

US regulatory agency FinCEN released new guidance on whether certain crypto businesses are regulated as money services businesses. Those who qualify fall under the scope of the agency and must comply with (sometimes costly) regulations that clash with user privacy. FinCEN (Financial Crimes Enforcement Network), a bureau of the US Department of Treasury which combats […]

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. One of the most disruptive aspects […]

Initial coin offerings—once the favorite method to raise money from investors and crypto enthusiasts—is being ousted by newer, more promising initial exchange offerings. How do the two methods differ and who exactly benefits? The Downfall of ICOs Raising money was among the first thing cryptocurrency entrepreneurs figured out as the young industry developed. Initial coin […]

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. Congressman Asks for Clarity on Cryptocurrency Securities Classification In a Sep. 28th, 2018 letter, North Carolina Republican congressman Ted Budd asked Securities Exchange Commission (SEC) […]

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. According to the company’s official blog post, the hard cap for the IEO is 17 billion XRD, with the company aiming to raise around $6 million. Bittrex […]

The SEC filed a complaint against Blockvest and its founder for allegedly making unregistered securities offerings and using the SEC seal without permission. On Feb. 14th, the US District Court of California entered in a preliminary injunction against the firm. Accusations Against Blockvest The Feb. 14th complaint filed against Blockvest LLC details that the company, and […]

The Philippines has become the latest nation to issue a cryptocurrency regulatory framework through the Cagayan Economic Zone Authority (CEZA), with the Asia Blockchain and Crypto Association (ABACA) becoming the self-regulatory organization to enforce the new regulations. The principal aim for this framework is investor protection, as well as general cryptocurrency regulation with the rules […]