Tag: Initial Coin Offering

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
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
Are Altcoins doomed? Bitcoin pioneer and sidechain developer says ‘Yes’
December 17, 2018 BY Valentina Kirilova

SEC says international support critical to bring sham ICOs to justice

The SEC is determined to eradicate the rampant fraud that persists within the Initial Coin Offering (ICO) space. Steven Peikin, co-director of the Securities and Exchange Commission’s enforcement division, recently delivered a speech to the Harvard Law School’s Program on International Financial Systems in which he made known his agency’s desire to clean up the…

Read more
The world’s largest crypto IPO postponed
December 10, 2018 BY Valentina Kirilova

Presto files complaint against South Korea for banning ICOs

The company Presto informed the public that it has filed a constitutional complaint against South Korean’s ban on Initial Coin Offerings (ICOs), as the country's economic media outlet Sedaily reported earlier. LeapRate reminds that, after China announced its ban on domestic exchanges trading Bitcoin, South Korea was the next country that also came out with the news…

Read more
ICO fraud
December 04, 2018 BY Valentina Kirilova

The anatomy of an Initial Coin Offering (ICO) fraud

Cryptocurrency articles proliferate the headlines these days, but more often than not, the subject matter deals with victims and the losses they have sustained at the hands of clever conmen. Per one insider: “As fascinating as the crypto-sphere might be, it’s definitely not a place for the faint-hearted. Sure, cryptocurrencies have taken the world by…

Read more
Play2Live to develop its own blockchain called Level Up Chain
March 20, 2018 BY Valentina Kirilova

Blockchain eSports platform Play2Live raises $30 million in ICO

The decentralised streaming platform for gamers and eSports fans Play2Live announced that it has completed its ICO (Initial Coin Offering) campaign, raising $30 million in total in less than two months. The funds will be used to build a transparent and user-friendly ecosystem for streaming and gaming projects, with Play2Live’s proprietary cryptocurrency Level Up Coin…

Read more
December 04, 2017 BY Valentina Kirilova

SEC emergency action halts ICO scam

The Securities and Exchange Commission (SEC) announced it obtained an emergency asset freeze to halt a fast-moving Initial Coin Offering (ICO) fraud that raised up to $15 million from thousands of investors since August by falsely promising a 13-fold profit in less than a month. The SEC filed charges against a recidivist Quebec securities law…

Read more