Posts in category

token sale


The Australian Securities and Investments Commission (ASIC) said late last week that it has stopped five initial coin offerings (ICOs) from taking place since April. In a statement, the commission indicated that some of those token sales – which were unnamed – “will be restructured to comply with the applicable legal requirements.” It’s a notable, statement from …

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The U.S. Securities and Exchange Commission (SEC) announced Tuesday that it had secured new prohibitions against the founder of a company behind an allegedly fraudulent initial coin offering (ICO). The agency said that it obtained officer-and-director and penny-stock bars against David Laurance and his company, Tomahawk Exploration LLC. Tomahawk, the SEC alleges, sought to raise funds …

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Overstock.com subsidiary tZero raised $134 million in its security token offering, the company said Thursday. The announcement – revealed as part of Overstock’s second-quarter results – was paired with a separate disclosure revealing that Hong Kong-based equity firm GSR Capital has agreed to invest as much as $400 million in both tZero and Overstock. TZero said …

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Cloud computing startup Oasis Labs successfully raised $45 million in a private token pre-sale to develop a blockchain platform aimed to rival Amazon Web Services The sale, led by Andreessen Horowitz’s new “a16z” crypto fund, saw Accel, Binance, Pantera, Polychain, Metastable, Foundation Capital, Electric Capital, DCVC and Coinbase co-founder Fred Ehrsam all contribute, according to …

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A Florida district court has published an analysis explaining how a crypto token is a security. Magistrate judge Andrea Simonton of the Southern District of Florida, in a report on whether to freeze the assets of the Floyd Mayweather-endorsed Centra Tech crypto startup, released a detailed explanation of how the company’s token demonstrates the different …

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Orchid Labs is raising $125 million in a SAFT sale, filings from the Securities and Exchange Commission (SEC) reveal. According to a Form D published on April 20, Orchid has raised roughly $36.1 million out of a planned $125.59 million. Per the Form D filing, 42 investors have taken part in the sale of SAFTs …

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The Justice Department has filed charges against the founders of an initial coin offering endorsed by heavyweight champion Floyd Mayweather, Jr., adding to the allegations levied Monday by the Securities and Exchange Commission (SEC). Sohrab Sharma and Robert Farkas were arrested and hit with charges of fraud, as CoinDesk previously reported after the SEC filed …

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Actor Steven Seagal made headlines in February when he endorsed the “Bitcoiin” cryptocurrency, but his role as brand ambassador has apparently come to an end. In a March 26 statement, the group behind the Bitcoiin cryptocurrency said that both Seagal and the “founders” of the project are exiting in light of the token sale’s completion. The …

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The U.S. government has pushed back against an effort to dismiss the charges in an ongoing initial coin offering (ICO) fraud lawsuit. In twin filings submitted Monday, the Department of Justice and the Securities and Exchange Commission (SEC) dismissed claims by defendant Maksim Zaslavskiy that U.S. securities laws don’t apply to the sale of tokens …

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Gibraltar may be moving to regulate initial coin offerings (ICOs), but officials say it will be up to the market to determine what a “good” token sale looks like. The U.K. overseas territory announced that it was drafting ICO regulation earlier this month, which will include the implementation of a system for “authorized sponsors” that …

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Investors in the decentralized home sharing network Bee Token’s initial coin offering (ICO) have been swindled of nearly $1 million in just over 25 hours. Bee Token, which recently partnered with San Francisco-based financial services platform WeTrust to create a decentralized competitor to home-sharing service AirBnB, launched its public ICO on Jan. 31. However, while the …

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The Philippines Securities and Exchange Commission filed a cease-and-desist order against four companies and an operator running an initial coin offering (ICO), citing securities registration regulations, a newly released document reveals. The order, dated Jan. 9, 2018 and posted on the agency’s website today, cites four affiliated companies – Black Cell Technology Inc., Black Sands …

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The Texas State Securities Board (TSSB) has ordered the blockchain-based financial system startup BitConnect to cancel a token sale it had planned to start on January 10. According to a news release published on the regulator’s website, BitConnect was claiming to offer tokens with 100% annual returns, which the TSSB determined qualify as unregistered securities. …

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Blockchain startup Colu has secured $14.5 million in new funding from a major business group in Israel. IDB Group contributed the funds both toward the company itself as well as the token presale for its Colu Local Network (CLN), which it unveiled last month. The company – Israel’s largest holding company – is involved in the …

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DataTrading brings its own revolutionary vision on the trade forecasting. In order to make the predictions as accurate as possible and to bring them to a new qualitative level, the company made the decision to integrate Artificial Intelligence into its infrastructure. Nowadays each trader who joins DataTrading gets a unique opportunity to use the models …

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Germany’s top finance regulator has issued an investor warning on initial coin offerings (ICOs), becoming the latest markets watchdog to comment on the blockchain use case. The Federal Financial Supervisory Authority (BaFin) said today that investors should be wary of the “numerous risks” involved in token sales, including “the possibility of losing their investment completely.” The …

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The NAU platform is getting ready for it’s presale. This platform will directly connect retailers and their clients under the win-win conditions for both parties. The removal of middlemen, as well as the viral effect, will allow retailers to attract buyers in a more efficient and affordable way compared to other marketing channels. Additionally, buyers …

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