SEC sends reparations to BitClave ICO investors
The payment is part of a settlement BitClave agreed to pay in 2020 after the SEC charged the search engine for failing to register as a securities offering. Go to Source
initial coin offering
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Ethereum ICO participant dumps 3,000 ETH for $7.6M cash out
After selling 10,000 ETH in the past few months, the Ethereum ICO participant still has 37,000 ETH to cash out. Go to Source
SEC wins case against defunct crypto firm over $18M ICO
A US federal judge found Rivetz and its CEO Steven Sprague sold unregistered securities when it offered an Ethereum-based token in 2017. Go to Source
SEC files charges against Quantstamp for $28M initial coin offering
Quantstamp agreed to settle charges and will repay proceeds from its 2017 ICO that raised $28 million. Go to Source Powered by WPeMatico
Gary Gensler links crypto with cash in viral 2018 video — Crypto Twitter reacts
The 2018 MIT professor Gary Gensler didn’t think most ICOs triggered U.S. securities laws. Go to Source Powered by WPeMatico
New Hampshire Court Sides With SEC in Lawsuit Against LBRY, Project’s Team Says Loss Sets a ‘Dangerous Precedent’
The U.S. Securities and Exchange Commission (SEC) has won a court case against the blockchain-powered publishing platform LBRY. According to a New Hampshire district court ruling, Judge Paul Barbadoro agreed with SEC that the project’s native asset LBC was considered an investment contract or a transferable share representing a certificate of interest. On Twitter, LBRY … Read more
SEC Charges Australian ‘Man Behind the Machine’ in $41M Crypto Fraud Scheme
The U.S. Securities and Exchange Commission (SEC) has charged an Australian citizen who called himself the “Man behind the Machine” in a fraudulent crypto scheme that raised almost $41 million. He and his companies made “materially false and misleading statements in connection with an unregistered offer and sale of digital asset securities.” ‘Man Behind the … Read more
US SEC Charges Man With Defrauding Crypto Investors in Two Digital Asset Securities Offerings
The U.S. Securities and Exchange Commission (SEC) has charged a citizen of Latvia with defrauding investors in two crypto offerings. The fraudster “used fake names, fictitious entities, and fraudulent profiles to perpetrate his schemes, and misappropriated nearly all of the investor funds that were raised.” Two Fraudulent Crypto Schemes The SEC announced Thursday that it … Read more
US Regulator Accuses Lbry Project of Selling Unregistered Securities, CEO Denies Charges
The Securities and Exchange Commission (SEC) has filed a complaint against the blockchain-based file-sharing and payment network called Lbry last week, as the U.S. regulator has accused the company Lbry Inc. of selling unregistered securities. However, the CEO of Lbry denies the project’s native tokens are securities and says the SEC’s logic will put a … Read more
UK Cryptocurrency Firms Turn to Equity Funding as ICO Coffers Plunge 70%
UK cryptocurrency and blockchain startups are turning focus back to conventional means of raising capital, as initial coin offering (ICO) coffers dry up. According to a new report, initial coin offering (ICO) funding last year plunged 71% to £200 million ($250 million) from £700 million ($875 million) a year earlier. By comparison, equity funding provided … Read more
