Posts in category

ICOs


Switzerland’s finance regulator has published new guidelines that indicate it will treat some tokens sold during initial coin offerings as securities. In a press release published today, the Financial Market Supervisory Authority (FINMA) said there has been a sharp rise in the number of ICOs launching in Switzerland, resulting spike in inquiries about the regulations …

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A house on a blockchain? That’s the future a number of initial coin offering (ICO) issuers envision, one in which tokenized pieces of the property could be tracked and traded via a shared database. In this way, the tokens would allow for what entrepreneurs are calling “fractional ownership,” or the ability for a real estate …

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Months after China’s clampdown on initial coin offerings (ICOs), professional ICO white paper copywriters are still offering services, including fabricating information, reports suggest. The People’s Bank of China notably banned domestic initial coin offerings in September 2017, yet searches using key words such as “ICO,” “blockchain” and “whitepaper” result in dozens of online stores on …

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Self-proclaimed fans of a popular Chinese boy band have built an initial coin offering (ICO) around their idols, amid controversy over the project’s legitimacy. At the heart of the project is a well-known home-grown pop band named The Fighting Boys (or TFBoys), formed by three teens – Karry Wang, Roy Wang, and Jackson Yi – …

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Comcast Ventures isn’t just investing in blockchain startups – it’s investing in blockchain startups that invest in blockchain startups, with some very specific goals in mind. The firm last month joined IBM and Boldstart Ventures in backing accelerator mState, which invests in startups building enterprise blockchain solutions. Further, Comcast Ventures revealed to CoinDesk a recent …

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David Silver is the founder of Silver Miller, a plaintiffs’ law firm that brings cases against cryptocurrency exchanges and investment offerings. The views expressed here are his alone. You can reach him at DSilver@SilverMillerLaw.com. I’m late, I’m late! For a very important date! No time to say “Hello.” Goodbye! I’m late! I’m late! I’m late! …

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The term dark pool might sound ominous, but investors think building one could prove to be a boon for the crypto market. Announced today, Republic Protocol has officially completed an initial coin offering (ICO) for its REN token, raising 35,000 ether (roughly $30.5 million at current prices) from lead investors Polychain Capital and FBG, as well …

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A self-regulatory association that draws support from China’s banking and securities sectors is vowing to increase its oversight over cryptocurrency and initial coin offerings (ICO) in 2018. In its annual meeting held on Feb. 9, China’s National Internet Finance Association (NIFA) revealed that while it has put special efforts into overseeing the sector in 2017, it expects …

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Officials in Gibraltar are reportedly weighing rules for initial coin offerings (ICOs), a move that follows a bid to develop a licensure framework for companies working with the tech. The discussions will include input from members of the British overseas territory’s legislature as well as the Gibraltar Financial Services Commission (GFSC). Like many other countries …

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Sure, there were white papers, prototypes and theories, but in the land of ICOs, 2017 was largely about one thing – money – and lots of it. Entering 2018, those closest to the sector, the area of the industry that’s actively applying learnings from cryptocurrencies to startup models, see a bit of a different story. …

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Strobes pulsed through fog as a tightly packed audience sought to get a shot of the DJ. Revered for his contributions to electronic dance music, Gareth Emery was in the box at London’s Ministry of Sound last weekend, there to show off the synths that have helped him win the prestigious “A State Of Trance Tune Of …

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On New Year’s Day, Giselle Palmer, scantily clad, turned on her webcam, and started her sexy show. Offhandedly she told her hundreds of viewers that she had studied computer science and math in college, and from that moment on the chat room was filled with questions about non-sexy topics from computer science to calculus. If …

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Hong Kong’s securities regulator appears to be stepping up efforts to regulate cryptocurrency exchanges involved with initial coin offerings (ICOs). In a statement released Friday, Hong Kong’s Securities and Futures Commission (SFC) revealed it has sent warning letters to seven cryptocurrency exchanges advising that certain tokens being traded on their platforms may be defined as securities. …

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Julio Faura is the head of blockchain research and development at Santander. Much is being written these days about the need to regulate initial coin offerings (ICOs) and – to the extent possible – access to cryptocurrencies. With close to $350 billion in (theoretical) market value, cryptocurrencies have started to hit the mainstream, and it …

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“You should buy crypto in amounts you’re not worried about, and sell it whenever you start thinking about it.” At least that’s Blockchain CEO Peter Smith’s stance on investing in cryptocurrency, a take issued during just one of a dozen or so panel discussions at Yahoo Finance’s All Markets Summit Tuesday. Focused solely on cryptocurrencies, the one-day …

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Concerns about initial coin offerings among U.S. regulators and lawmakers were on full display during a U.S. Senate hearing on Tuesday. “I believe every ICO I’ve seen is a security,” Securities and Exchange Commission chairman Jay Clayton declared early on, perhaps setting the tone on a topic that would be raised numerous times during the …

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It wasn’t so long ago that scraping a flat fee off of a user’s transaction was a reliable revenue model. But with the advent of cryptocurrencies, a new wave of startups is beginning to set its sights on something different, with mainstream brands like Telegram and Kik pivoting to embrace an alternative model that wasn’t …

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In what could be one of the year’s most talked-about launches, a cryptocurrency project called Augur may soon invite its community to bet against its success. Created by the Forecast Foundation in 2015, the crowdsourced prediction protocol raised $5.5 million by selling REP tokens long before the term initial coin offering (ICO) had taken hold. …

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Texas’ securities agency has issued another cryptocurrency-focused emergency cease-and-desist order, this time against a lending scheme called DavorCoin. In its latest filing, signed Feb. 2, the Texas State Securities Board (TSSB) alleges DavorCoin has been issuing unregistered securities with fraudulent and misleading information to lure investors. The filing arrives just days after the TSSB gave …

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Stephen Palley is a lawyer in private practice in Washington, D.C. with the firm of Anderson Kill. The views expressed are his alone. You can find him on Twitter at @stephendpalley. One day you’re a crypto-millionaire, the next you’re a crypto-defendant. Initial coin offerings (ICOs) made crypto-news throughout 2017. Announcements of new offerings became a …

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