Category: Initial Coin Offerings
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Presidential Candidate Brock Pierce Served With Lawsuit for Alleged ICO Fraud
Former Disney child actor and U.S. Presidential candidate, Brock Pierce, was served with a lawsuit during a political campaign event held on Monday. The class-action lawsuit was filed in May and it claims the defendants, including Pierce, sold unregistered securities during the EOS initial coin offering (ICO). Last May, a class-action lawsuit on behalf of…
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Mike Bloomberg’s 2020 Finance Policy Proposes Strict Bitcoin Regulations
The 2020 U.S. Presidential candidate Michael Bloomberg addressed the subject of cryptocurrencies and initial coin offerings (ICO) in his recently published Financial Reform Policy. Bloomberg wants more “regulatory oversight” when it comes to this promising technology, claiming he sees “plenty of hype, fraud and criminal activity.” Also read: Bitcoin, Tesla Stock, Tron: How Warren Buffett…
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Bank of Lithuania Issues Guidelines on Security Token Offerings
Recognizing that businesses are seeking alternative ways to raise capital other than bank lending, the Bank of Lithuania has issued new guidelines on security token offerings. The goal is to clarify applicable rules without introducing more regulations. Also read: Mario Draghi Leaves European Central Bank Without Ever Raising Interest Rates Guidelines Aiming to Avoid More…
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Large Regulated Token Sales Indicate ICOs May Be Coming Back
Initial coin offerings have seen a significant decline in popularity, but they are not to be written off completely. Although you don’t hear the term “ICO” so often nowadays, some recent regulatory developments indicate they have a place in the digital economy realm. Crowdfunding through token sales has a chance of becoming a mainstream instrument…
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Consensys Inner Conflicts Spark Legal Action Against Founder
Ethereum cofounder Joseph Lubin was recently summoned to court in New York when a former employee initiated a lawsuit for more than $13 million. According to the summons stemming from former Token Foundry CEO, Harrison Hines, relief was being sought for alleged unpaid profits, fraud, unjust enrichment, and breach of contract. Also Read: Another Self-Proclaimed…
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Crypto Beadles Blockchain & Cryptocurrency Show Now Featured On BizTV
[et_pb_section fb_built=”1″ _builder_version=”3.22.7″ custom_padding=”0px|||||”][et_pb_row _builder_version=”3.22.7″][et_pb_column type=”4_4″ _builder_version=”3.22.7″][et_pb_image align=”center” width=”80%” src=”https://amazingcrypto.com/wp-content/uploads/2019/05/Unknown-3.jpeg” _builder_version=”3.22.7″][/et_pb_image][et_pb_text _builder_version=”3.22.7″ header_font=”Montserrat||||||||” custom_margin=”25px||”] Crypto Beadles Blockchain & Cryptocurrency Show Now Featured On BizTV [/et_pb_text][et_pb_text header_font_size=”27px” header_2_font_size=”15.6px” _builder_version=”3.22.7″ header_font=”Montserrat||||||||” header_2_font=”Montserrat||||||||”] BizTv now featuring new blockchain & cryptocurrency Show Crypto Beadles where people ranging from newbies to crypto enthusiasts can learn more and stay up to…
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‘This Is Not an ICO, Just Barter’ – How Issuers Attempt to Evade Regulatory Scrutiny
Some issuers of initial coin offerings have started to change the terminology they use to refer to their token sale in a bid to evade the attention of regulators – the hawkish U.S. Securities and Exchange Commission (SEC) in particular. With research finding that fewer than half of ICO projects make it past the first…
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Israel Securities Authority Wants a Dedicated Token Exchange
An Israel Securities Authority (ISA) committee tasked with examining the regulation of crypto coin offerings has submitted its final recommendations today, March 6. They include the option of creating a dedicated platform for trading digital assets. Also Read: In the Daily: Opera Browser, EY Tax Tool, Elliptic, Cryptopia Exchange Regulating Coin Offerings in Israel The…
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Data Shows Ethereum is the ‘Cryptocurrency of Choice for Scams’
Since the very early days, back when people learned how to create new cryptocurrencies or quickly build infrastructure models like digital asset trading platforms, many scams started to spawn frequently. According to the blockchain surveillance company Chainalysis, over the last two years fraud in the Ethereum ecosystem has run rampant and it’s been the “cryptocurrency…
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Malaysia Starts Regulating Cryptocurrencies Today
Malaysia’s finance minister has announced that the order to regulate cryptocurrencies and initial coin offerings as securities has come into force. Crypto service providers and exchanges are required to obtain authorization from the country’s Securities Commission, which will work with the central bank to ensure compliance. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls…