Cole Petersen · 9 hours ago · 2 min read · Insights via Ari Paul
Ethereum › ICOs
Journalism startup Civil is pulling the plug on its much-hyped Initial Coin Offering after it met only 13 percent of its fundraising target.
In a systematic ICO scam attempt, individuals claiming to be Walmart press officials have contacted a number of media outlets, including CryptoSlate, announcing the sale of tokens for the retail giant’s supposed Ethereum-based payments network at WalmartLeaf dot com.
United Arab Emirates › Adoption
The United Arab Emirates is spearheading cryptocurrency adoption in the Gulf region and intends to introduce initial coin offerings (ICOs) as a legal means-of-fundraising in 2019, reported Reuters on October 8.
Korea › Regulation
Pointing out the government’s delay in regulating initial coin offerings (ICOs) since a year, South Korean lawmakers called for swift regulatory action in a parliamentary forum on October 2, reported Business Korea.
On September 26th, North Dakota Securities Commissioner Karen Tyler issued cease and desist orders for three companies in her state that may have been offering fraudulent ICOs.
Bitcoin › China › ICOs
Despite China’s infamous blanket ban on cryptocurrencies, Initial Coin Offering (ICO) investing is making a resurgence in the country as Bitcoin Over-The-Counter (OTC) exchanges gain prominence, reported local outlet Sina News on September 26.
The Texas State Securities Board issued three emergency cease and desist orders Tuesday, September 18, to shut down a Russian cryptocurrency scam, charge DigitalBank and two principals for threatening immediate and irreparable harm to the public, and charge a forex and Bitcoin trader of guaranteeing false ROIs, respectively.
Ethereum › ICOs
ETH, the native cryptocurrency of the Ethereum blockchain network, has surged by more than 33 percent in the past 4 days, despite the expectations of investors for ETH to continue its downtrend below the $200 support level.
The United States Securities and Exchange Commission is charging two crypto-related entities with registration failures, in what it considers a first for both enforcement actions.
Ethereum › Analysis
The cryptocurrency bear market of 2018 has unsurprisingly affected crypto startups looking to raise funds via initial coin offerings (ICO), with two research papers noting a disappointing performance for the novel fundraising method this year.
Australia › Exchanges
A Queensland-based investment company has come under the Australian Securities Exchange’s (ASX) radar after seeking over $15 million in an initial coin offering (ICO) for a cryptocurrency exchange.
Korea › Adoption
This week, South Korean lawmakers observed the government’s confusing stance on distributed ledger applications, with blockchain technology promoted across the board and ICO projects facing strict crackdowns.
Lost in the excitement and ongoing momentum of the ICO craze is the fact that, despite the crowdfunding model’s enormous potential, we’re still surrounded by risks.