ICO

Telegram is being made to pay more than $600,000 in legal fees to a company called Lantah over the use of the GRAM name that Telegram has given its recent cryptocurrency.Telegram Must Fork Over the DoughLantah was developed in the year 2017 by a man named Daniel Jeffery. Lantah is looking to create a “global, borderless marketplace” and assist those who cannot gain access to traditional banking services with cryptocurrency. As it turns out, both Lantah and Telegram have allegedly utilized the...

The Securities and Exchange Commission (SEC) is telling traders to stay far away from a company that’s been allegedly endorsed by Finance Secretary Carlos G. Dominguez III. The firm is also utilizing what appear to be fake endorsements from celebrities, though the company is unregulated and is not in line with present financial legislation.The SEC Continues Its Crackdown of Phony Crypto FirmsThe enterprise the SEC is referring to is known simply as “Bitcoin Digital.” Agents claim that the...

[Featured Content] UMI is a blockchain-based ecosystem that provides its users with instant transfers, staking, and multifunctional smart contracts. It attempts to compete with legacy market giants such as VISA and MasterCard when it comes to transaction speed. The developers aim to bring the network throughput to one million transactions per second, which is quite ambitious. UMI’s Characteristics Right off the bat, UMI is based on an improved version of the...

Developed by the SpaceSwap team, shadow staking minimizes the number of transactions within the network and makes the process transparent.The DeFi market is arguably the hottest trend in the cryptocurrency space right now. It is almost at the same level of excitement as the market was in late 2017, though this time, the interest is much more reserved. Furthermore, investors are now warier of the technology, so there are more usable platforms and protocols on the market right now, as opposed...

[Featured content] Privacy is undoubtedly one of the main concerns when it comes to cryptocurrencies. A lot of their appeal comes from the fact that they’re considered much more private compared to traditional money transfer. That, however, has turned out to be rather untrue throughout the course of the past few years. In fact, one of the biggest misconceptions about Bitcoin, for instance, it’s that it’s anonymous – it’s not. Bitcoin is pseudonymous, meaning that you will...

[Featured content] The cryptocurrency field is growing at a considerable rate as more companies and individuals get involved.  As CryptoPotato recently reported, Google searches for the ‘buy crypto’ key phrase have surged to their highest point since all the way back in January 2018 – during the peak of the ICO bubble.  Google traffic is usually a very good indicator of retail interest in the field, but institutions are not lagging behind. Another report by the giant...

The Securities and Exchange Commission (SEC) has penalized Kik for launching an initial coin offering (ICO) that allegedly did not go through the appropriate registration protocols with the agency. Kik is now being required to fork out a $5 million fee.The SEC and Kik Have Reached a SettlementThe SEC has sworn up and down over the past few years that it would go after all token offerings that have in some way or another gone against its rules. It has warned many crypto ventures offering...

[Featured content] DeFi has no doubt exploded in 2020 as the industry saw unprecedented growth all the way from March. In fact, data suggests that there’s currently around $11.2 billion locked in various lending protocols in the ecosystem. While this may have somewhat surprised many, it does come as a natural and logical extension of the crypto field. After all, that’s the general purpose of cryptocurrencies – to separate state and money through an immutable and decentralized...

While the case between the SEC and the NAC Foundation is far from over, the CEO’s partner Jack Abramoff was reportedly not indicted in this current lawsuit.NAC Foundation, the company behind the AML Bitcoin, an Anti Money Laundering digital token which scooped $5.6 million in an Initial Coin Offering back in 2017. As gleaned from Law360, the companies Chief Executive Officer Rowland Marcus Andrade told a United States District Judge in San Francisco to acquit him and his company of all fraud...

The story of the legal battle between Kik  and the SEC seems to be coming to an end. Today, the SEC filed a motion with the Southern District Court of New York to close the case with a $5 million fine. Kik was being sued for issuing and selling unregistered securities through the ICO of its KIN token. The accusation came when the SEC also attempted similar proceedings against TON’s ICO, the Telegram blockchain. However, the agreement with Canada’s Kik is much softer than the...