SEC Charges ICO Research and Rating Provider With Failing to Disclose It Was Paid to Tout Digital Assets
The Securities and Exchange Commission announced today that Russian entity ICO Rating has agreed to pay $268,998 to settle charges that it failed to disclose payments received from issuers for publicizing their digital asset securities offerings. The SEC’s order found that between December 2017 and July 2018, ICO Rating produced research reports and ratings of […]
HYBSE, GMEX and MINDEX collaborate to list the world’s first Multi-Asset Stable Token in Mauritius
Following the recent joint venture launch in Mauritius between three visionary companies in October 2018, newly created HYBSE Marketplace Limited (HM) brings to centre stage a worlds first digital multi-asset stable token “MAST”. With fast growing global interest in collateralised tokens leads to the advent of new regulations in Mauritius to enable digital marketplaces and […]
POTS Are the New ICOs and WeBuy Is Leading the March
WeBuy introduces the very first on-demand advertising platform, based on a complex web of Buyer Referral Networks (BRN), completely created and governed by users of the platform. Entering a $250 billion market, WeBuy gets rid of unnecessary third parties and doesn’t put itself in the middle. The buyer’s private information is never revealed to sellers […]
XRP and xRapid Success Disprove Critics
Sometimes back, news had it that Ripple may be in advanced stages preparing to roll out a product called Convergence. By integrating xCurrent, xRapid and xVia, into one seamless format, clients would conveniently ride on a certified secure and fast network. Though there was no official collaboration from Ripple endorsing comments from the Director of […]
Tron Price Analysis: TRX Add 4.2 Percent, Accelerator Program Troubles
BTC and other coins may be struggling, but TRX is up 4.2 percent in the last day. While TRX is trading below 2.5 cents, the asset has found support at Oct 2018 lows. The first target will be at 4 cents in line with our previous trade plans. Tron Price Analysis While most investors are […]
Tron Project Accused of Misleading Developers in $1 Million Dapp Contest
Was Tron’s famous $1 million blockchain dapp development competition a con trick? The question is currently doing the rounds on social media these days. Redditor 9HIL collected pieces of evidence that show that Tron was misleading participants. The independent investigator substantiated that Tron firstly delayed its winner announcement and then changed prize payouts. For instance, […]
China Gets More Blockchain Censorship Powers Under New Rules
The Cyberspace Administration of China (CAC) has just introduced more regulations for companies dealing with distributed ledger technology. According to the official announcement the new guidelines will come into effect on February 15. In the typically draconian way the Chinese government operates, the new regulations demand that startups allow the state to access stored data. […]
Japan Reclassifies Crypto While Hong Kong Tightens Regulations
Two of the most crypto friendly nations on the globe have been revisiting their regulatory frameworks this week. Japan has reclassified its terminology of cryptocurrencies while over in Hong Kong regulators want more oversight on exchanges and crypto companies. FSA to Change Moniker for Crypto Japan’s Financial Services Agency has made moves to label Bitcoin […]
Crypto ICO Price Continues to Fall, Likely Due to Growing Regulatory Pressure
Blockchain and crypto projects that raised millions of dollars via tokenized crowdfunding means are now lining up to return their capital to their original investors. Because apparently, they were not allowed to raise funds in the first place. The Securities and Exchange Commission (SEC) has gone after these startups for reportedly violating existing securities laws. The […]
ICO Funding Continues to Plummet Amidst Crypto Bear Market
The latest statistics regarding ICO funding in recent months shows that investors continue to turn away from investing in ICO projects amidst the persisting crypto bear market. The statistics, which were reported in the latest issue of the Diar digital asset newsletter, show that ICO fundraising in November plummeted to the lowest level of 2018. The […]
In Bear Market, Korea’s Biggest Crypto Project ICON Showed Solid Progress
A goodbye note from Deblock’s now-former Head of Research revealed the progress of their ICON blockchain project in all these months. And they looked extremely positive. As he left the company to pursue his startup, Markus Jun noted ICON as one of the very few blockchain projects that showed significant accomplishments despite staying inside a […]
Kik Begins Rollout of Crypto Ecosystem with Kin Tipping Feature
The Kin Foundation has begun rolling out its plans to build a cryptocurrency ecosystem to power its messenger platform, starting with a new tipping feature. Kik, the popular messenger app for iPhone and Android, revealed today a new tipping feature that uses the company’s native Kin cryptocurrency token, reports The Next Web. The feature will […]
What Does Floyd Mayweather’s Crypto ICO Settlement with the SEC Imply?
Boxing champion Floyd Mayweather Jr. and music producer DJ Khalid have both settled charges with the U.S. Securities and Exchange Commission (SEC) for failing to disclose that they were paid to promote initial coin offering (ICO) projects to the public. The charges against the two celebrities came about after they both used various social media outlets to […]
ICOs Yet to Liquidate All of Their Ethereum, Could Another Drop be Imminent?
There is still a lot of Ethereum tied up in ICO projects and the fear is that a mass liquidation could send the token back below three figures in price or, even worse, to early 2017 levels. ETH Back to The Stone Age? Ethereum is already in a world of pain, falling to an 18 […]
Facebook Is Developing a Cryptocurrency for WhatsApp Transfers
Facebook Inc. is working on making a cryptocurrency that will let users transfer money on its WhatsApp messaging app, focusing first on the remittances market in India, according to people familiar with the matter. The company is developing a stablecoin — a type of digital currency pegged to the U.S. dollar — to minimize volatility, […]
Social Reality Announces CFO Transition
Social Reality, Inc., a digital marketing and consumer data management technology company, reported J.P. Hannan will step down from his role as Chief Financial Officer. Mr. Hannan will continue to work for the Company during a yet to be determined transitional period. After Mr. Hannan’s last day of employment, Christopher Miglino, the Company’s president and […]
DJ Khaled and Floyd Mayweather Jr. Charged With Unlawfully Touting Coin Offerings
The Securities and Exchange Commission today announced settled charges against professional boxer Floyd Mayweather Jr. and music producer Khaled Khaled, known as DJ Khaled, for failing to disclose payments they received for promoting investments in Initial Coin Offerings (ICOs). These are the SEC’s first cases to charge touting violations involving ICOs. The SEC’s orders found […]
Colorado Division of Securities Has Filed Twenty Cases Against Allegedly Fraudulent ICOs
Colorado Securities Commissioner Gerald Rome has now signed orders for eighteen initial coin offerings directing the cessation of offering these unregistered securities in the state of Colorado. There are at least two more orders pending. The orders are the result of investigations by an “ICO Task Force” convened within the Division, part of the Department […]
First ICO Fraud Case Ends in Guilty Plea
The first fraud prosecution involving initial coin offerings ended in a guilty plea when a New York man admitted lying to about 1,000 investors. Maksim Zaslavskiy, 39, told a judge he sought to raise money for two ICOs backed by investments in real estate and diamonds that didn’t exist — a scam the U.S. called an […]
Colorado Division of Securities Continues ICO Crackdown with Four More Cease and Desist Orders
Colorado Securities Commissioner Gerald Rome has now signed orders for twelve initial coin offerings directing the cessation of unregistered securities in the state of Colorado. The orders are the result of investigations by an “ICO Task Force” convened within the Division, part of the Department of Regulatory Agencies (DORA), in May of this year to […]
