Amazing Crypto

Category: ICOs

  • Preliminary Injunction Against Blockvest for Fraudulent Securities Offering and Illegal Use of SEC Seal

    The SEC filed a complaint against Blockvest and its founder for allegedly making unregistered securities offerings and using the SEC seal without permission. On Feb. 14th, the US District Court of California entered in a preliminary injunction against the firm. Accusations Against Blockvest The Feb. 14th complaint filed against Blockvest LLC details that the company, and…

  • ICO Investments Fall 95% in 10 Months

    ICO Investments Fall 95% in 10 Months

    Interest in token sales has dropped dramatically over the past 10 months, with investment falling almost 95 percent. Nevertheless, according to a new study, the ICO market is still significantly larger than two years ago. Also read: Localbitcoins to Introduce New User Verification Rules Startups Raised Less Than $300 Million in January Investment in startups…

  • Philippines Introduces Cryptocurrency Regulatory Framework Aimed at Investor Protection

    The Philippines has become the latest nation to issue a cryptocurrency regulatory framework through the Cagayan Economic Zone Authority (CEZA), with the Asia Blockchain and Crypto Association (ABACA) becoming the self-regulatory organization to enforce the new regulations. The principal aim for this framework is investor protection, as well as general cryptocurrency regulation with the rules…

  • Exploring the Blockchain Development as a Service Industry [Interview]

    In the wake of the 2017 market boom, hundreds of blockchain tech consultancies sprung up to service the overwhelming amount of investment that entered the cryptocurrency space. These companies are often based out of places with low median incomes per capita, taking advantage of cheap development costs in places such as India and Eastern Europe.…

  • Without Regulation ICOs Unlikely to Disrupt Venture Capital According to OECD

    In its January report, the Organisation for Economic Co-Operation and Development (OECD) explained some of the intricacies of ICOs in modern finance. Although ICOs still offer advantages for startups, it comes at a steep cost. The organization concluded that ICOs can’t be properly harnessed until there is regulatory consensus internationally and it is unlikely to…

  • TRON’s BitTorrent ICO Raises $7 Million in 15 Minutes

    Binance Launchpad, the token launch platform of Binance, conducted an ICO of TRON’s BitTorrent tokens (BTT) on Jan. 28th., with tokens selling out in less than 15 minutes. Almost 60 billion tokens were sold, raising a total of $7 million. According to Binance’s CEO, the sale’s “demand was astronomical.” BitTorrent’s Token Sale Complete Despite the…

  • Meet the Crypto Cult, the Colorful Cast of Cryptocurrency’s Wild West

    Over the past two years, crypto has often been referred to as the Wild West, and for good reason. Cryptocurrency has been an unregulated digital frontier where the fringes of society speculated feverishly—and some prospectors won big. As crypto went mainstream in late 2017, the early adopters (or pioneers, more aptly) saw their small investments…

  • Navigating FUD and Fake News in Crypto Journalism

    In an industry that’s flooded with money, it’s sad to see some crypto media outlets succumb to the perils of so-called fake news, not to mention misinformed readers falling for scams during the ICO craze. 2018 was a controversial year in the crypto media sphere. Disappointingly, it was uncovered that stories people may have read…

  • UK Takes Steps Towards Legal Clarity for Cryptos—Does Not See Utility Token As Securities

    The United Kingdom’s Financial Conduct Authority (FCA) released a ‘consultation paper’ on Jan. 23rd as part of its next step on working with crypto assets. It sets out details on where different types of crypto assets might fall in the regulatory perimeter. This consultation paper allows the public to give feedback on the proposed measures…

  • ICOs Produce Slow Start to 2019

    ICOs Produce Slow Start to 2019

    During the first two weeks of 2019, initial coin offerings (ICOs) raised roughly $90 million, according to data published by Icobench. Of the total funds raised this year so far, $80.2 million can be attributed to the Chelle Coin ICO. Also Read: How US Government Shutdown Affects Bitcoin ETF Approval Slow Start to 2019 for Initial…