Category: ICO

SEC fraud
July 15, 2021 BY Steffy Bogdanova

SEC brings charges against an ICO listing website

According to SEC, many ICOs listed on Coinschedule.com appear in its DAO Report published in 2017, warning that: “coins sold in ICOs may be securities and that those who offer and sell securities in the U.S. must comply with federal securities laws.” SEC revealed that Blotics has agreed to cease and desist from future violations…

Read more
January 03, 2020 BY Mariela Naydenova

Telegram hesitates to share ICO financials with the SEC

Not long ago, one of the most awaited ICOs in the crypto industry was called off. Leaprate reported that Telegram called off its initial coin offering after raising the jaw-dropping amount of $1.7 billion in the presale round. Not only that, but the SEC went on to sue TON (the Telegram Open Network) and Telegram for…

Read more
Crypto ICOs showing a comeback, after major drop off in 2018
May 30, 2019 BY Valentina Kirilova

Crypto ICOs showing a comeback, after major drop off in 2018

Initial Coin Offerings… remember them? Investor interest seemed to wane as Crypto Winter took hold of the industry, and regulators across the globe began to clamp down on what they perceived to be fraudulent activities. Fraud losses have been excessive, and the need for valid investor protections has pushed many fund raises down a track…

Read more
Crypto ICOs showing a comeback, after major drop off in 2018
April 11, 2019 BY Valentina Kirilova

SEC clarifies guidelines for classifying an ICO as an investment contract

Crypto attorneys that support Initial Coin Offering (ICO) promoters in the United States have been requesting for some time more clarification from the SEC on how it interprets current securities legislation to determine whether or not an ICO qualifies as an “investment contract”, thereby necessitating formal registration and investor disclosure requirements under the law. At…

Read more
Crypto ICOs showing a comeback, after major drop off in 2018
March 22, 2019 BY Valentina Kirilova

Prediction market startup Numerai raises $11 million in ICO

Numerai is an American prediction market company and hedge fund that recently raised $11 million in an ICO so it can launch the Erasure project. The information comes from the company itself. What Numerai does is “… incentivizing the construction of an artificial intelligence hedge fund with Numeraire, a cryptographic token on the Ethereum blockchain.”…

Read more
scam company
March 22, 2019 BY Valentina Kirilova

AriseBank in a $4.2 million ICO scam - CEO pleads guilty

AriseBank is a cryptocurrency bank that found itself amidst a $4.2 million ICO scam. The former CEO of the institution pleaded guilty to deceiving investors of around $4.2 million. The information comes from the US news agency Dallas News. Jared Rice Sr. is essentially the founder of AriseBank. What the founder admitted in federal court…

Read more