Category: ICOs
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Texas ICO Exterminators: Cryptocurrency Frauds Prosecuted as U.S. Crackdown Continues
Two more unscrupulous cryptocurrency scams were eliminated by Texas securities regulators. BitQyck and its bitqy token, and My Crypto Mine and its mining and investment activities, were both fraudulent projects operated to deceive the public and steal funds from investors. The perpetrators behind both scams were caught and prosecuted by The Texas Securities Board Enforcement…
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Malaysian MP ”Concerned About Threat” from Cryptocurrencies to Government Money
Lim Guan Eng, the finance minister of Malaysia, has warned individuals and companies planning to issue new cryptocurrencies with a stern: “don’t do it”. Addressing parliament on Nov. 26, Guan Eng advised to wait for legal guidance from Bank Negara Malaysia, the southeast Asian country’s central bank. Also read: Law Firm: South Africa’s Draft Law Could…
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ICOs Can Raise Up To $50 Million; Cryptocurrencies Now Taking Advantage of 2015 SEC Regulations
Companies have only recently begun taking advantage of recent SEC regulations that allow projects to raise funds. The two regulations, Reg. Crowdfunding (C.F.) and Reg. A, allow companies to secure between $1 million and $50 million. These avenues for fundraising are compliant, cost-effective, and synergistic with ICOs. Disclaimer: I’m not a legal professional, nor is…
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Rosenstein Targets ICOs, FEC May Permit Political Donations Through Crypto Mining
In recent regulatory news, the U.S. deputy attorney general has called for international cooperation on cryptocurrency regulation. Separately, the U.S. Federal Election Commission (FEC) has prepared a draft advisory that could allow political donations in the form of mining power, while the Alabama Securities Commission has estimated that the state has brought forward 20 percent…
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Colorado Regulator Issued Orders Against 18 ICOs, With More on the Way
The U.S. authorities appear to have greatly increased their focus on initial coin offerings (ICOs). In addition to the big federal bodies that are going after them on a national level, projects are also being targeted by regulators in states such as Colorado, where another another four were put on notice on Tuesday. Also Read:…
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Crypto Detectives Project Rates and Investigates Suspicious ICOs
An online platform created in Russia has set a noble goal of making the cryptocurrency industry safer for investors. The project investigates initial coin offerings (ICOs) that have raised suspicions and performs the due diligence for free. A report about each ICO is then published containing а summary of the findings and a conclusion about…
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The Daily: New Woe for ICOs, Bitcoin Cash Trading Resumes
In Saturday’s edition of The Daily, we examine Q3’s figures for initial coin offerings, and ponder where they go from here in the wake of fresh SEC scrutiny. We also take a look at how exchanges are reacting to the Bitcoin Cash fork. Some platforms have already enabled deposits and withdrawals, while others are waiting…
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SEC Cryptocurrency Crackdown: Two More ICOs Penalized
In a press release today, the SEC has imposed civil penalties on two more ICOs. Up to $27 million reimbursed to investors; each company fined $250,000, in addition to other penalties. The SEC appears to be finished watching. Two ICOs, CarrierEQ and Paragon Coin were punished for conducting illegal securities offerings. Both ICOs were conducted…
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Cryptocurrency Hedge Funds Seek ICO-Like Returns in From Stablecoin Investments
Cryptocurrency hedge funds remain optimistic about the prospects of making massive gains in the digital asset markets, despite falling prices and negative investor sentiment over the asset class. Seeking ICO-Like Returns As reported by Bloomberg on Nov. 14, 2018, several crypto-funds continue to aim at triple-digit returns which were witnessed last year in the initial…