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The U.S. Securities and Exchange Commission (SEC) has taken action against an oil and gas exploration company and its founder who “perpetrated a fraudulent initial coin offering (ICO) to fund oil exploration and drilling in California.” The token sale failed to raise money but the tokens were issued as part of a bounty program, which … Read more
In recent news pertaining to initial coin offerings (ICO) regulations, an EU report has advocated the regulation of ICOs according to crowdfunding legislation, the governor of Korea’s Jeju Island wants his jurisdiction to become a special economic zone regarding cryptocurrencies and blockchain, and the U.S. SEC has warned consumers regarding the risks of self-directed Individual … Read more
ICOs have a bad reputation at the moment, and some would say this is for a very good reason. Last year there were almost a thousand token sales, with 142 of these projects never getting off the ground. Another 389 of these saw their founders either take the assets and run, or die off due … Read more
South Korean police have asked Interpol for help with an investigation into the fraudulent token sale of Shinil Gold Coins that were claimed to be backed by the “treasure” on the sunken Dmitrii Donskoi. Local media reported that the sale raised an estimated $53.5 million from about 124,000 investors. Also read: Yahoo! Japan Confirms Entrance Into the Crypto … Read more
Initial coin offerings have begun to play an integral role in the world of finance. Especially in the cryptocurrency industry, this business model continues to thrive. ICOSim is a bit of a different creature in this regard, as it is an interesting concept which showcases how easy or challenging launching such a project can be. … Read more
Even though the initial coin offering industry is under a lot of scrutiny, there is some positive momentum as well. Funding amounts have gone up spectacularly. Additionally, it appears the average ICO duration is also rising again, which is rather surprising at this stage. The ICO Industry Undergoes Changes Although most people have only known … Read more
A study by the Ontario Securities Commission reveals that over half a million people, 5 percent of Ontario residents, currently own cryptocurrencies. The report also shows how they invest, how many owned crypto in the past but not anymore, and details of those investing in tokens. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space 5% of … Read more
The initial coin offering industry has seen a lot of growth over the past 18 months. Various projects launch every single week, and most of them raise a few million dollars in the process. Unfortunately, a lot of ICOs are destined to fail sooner or later. Several billions have been lost due to such failed … Read more
Chris Concannon, the president of the Chicago Board Options Exchange (Cboe), the world’s biggest derivatives market behind CME Group, has warned investors in tokens and initial coin offering (ICO) projects of an upcoming two-part regulatory reckoning. ICO Investors Could be in Trouble In an exclusive interview with Frank Chaparro from Business Insider, Concannon said that … Read more
A village in Japan has announced its decision to launch an initial coin offering in order to secure funds for creating a sustainable region. This will be the first time in Japan for a municipality to use a token sale to raise funds. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Local Government Launching … Read more
