ICO

AVA Labs, the team behind Avalanche, an open-source platform for launching decentralized applications in a highly-scalable ecosystem, recently raised $42M in a 4.5 hour-long token sale last Wednesday. The sale marks one of the largest ICO’s out of the U.S. since 2017.Avalanche’s Recent Key HiresAVA Labs, founded by Cornell Ph.D.’s and led by Professor Emin Gun Sirer, initially completed a $6M Series A in 2019 backed by Andreessen Horowitz, Initialized Capital, Metastable, Polychain, and angel...

[Featured Content]Credits have published patents for its innovative technology. It’s expected that its capacity will be expanded promptly, enabling it to deliver highly operational performance and increased reliability.Credits’ Core InfrastructureDesigned entirely from scratch, the technology behind Credits allows several industries to utilize immutable blockchain-based technologies, to issue tokens, launch decentralized applications (DApps), and to engage in secure electronic...

[Featured Content]Take a glance at Bitcoin price charts in comparison to gold, and the two asset’s price action looks nothing at all alike.How then, did the two assets end up with nearly the same exact performance after two full years of trading? And what does the vastly different price action say about each asset?The Surprising Outcome Of The Safe Haven ShowdownInvestors in Bitcoin and other cryptocurrencies have spent the last two full years on a wild roller coaster ride, full of...

The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have charged both Abra and Plutus Technologies for swapping securities and selling unregistered shares to retail customers. Both companies have agreed to settle the charges and pay fees of more than $150,000 each to clear their names.Abra Agrees to SettleIn a statement, Daniel Michael – chief of the SEC Enforcement Division’s Complex Financial Instruments Unit – explained:Businesses cannot ignore...

Cryptocurrencies have been growing for over a decade now, having so far reached their popularity peak in 2018 when the Bitcoin price quickly hit the $20,000 mark before crashing abruptly.The short-lived explosion in the crypto industry came with a heavy toll for the ecosystem. Initial Coin Offerings (ICOs) were quickly overtaken by low-quality projects which separated many hard-working crypto enthusiasts from their hard-earned savings, one way or another.Rampant malicious activity in the ICO...

The third co-founder of the alleged cryptocurrency scam project Centra Tech, backed by celebrities such as Floyd Mayweather and DJ Khaled, is reportedly planning to plead guilty to duping investors into committing more than $25 million in its initial coin offering (ICO).The Third Centra Tech Inc’s Co-Founder Pleads GuiltyAccording to the report from Bloomberg, Sohrab “Sam” Sharma, one of Centra Tech’s co-founders, has agreed to change his plea before his scheduled trial date in November 2020....

Malaysia: Einer der modernsten Staaten in Asien. Wie das malaysische Shariah Advisory Council, kurz SAC, der Securites Commission Malaysia (SC) bekanntgegeben hat, ist der Handel mit digitalen Vermögenswerten wie Bitcoin oder Ethereum ab sofort zulässig und somit legal. Die Börsen benötigen hierfür weiterhin eine Lizenz, welche ebenfalls von der SC vergeben wird. Der Haken...

Cryptocurrency and tokenized commodity exchange Currency.com has obtained a license permitting it to operate in Gibraltar.News of the license being issued arrives at the perfect time for the Minsk-based trading platform, which is looking to expand into new markets.Currency.com is already licensed by Belarusian authorities, making the Gibraltar license the icing on the cake and the prelude to entering new crypto-friendly markets.Having obtained the distributed ledger technology license from...

[Featured Content]Guarda was officially registered in the European Union back in 2017 and has been focusing on building an ecosystem of blockchain-related products ever since.The company has an FIU license under the registration number FVR000109 for virtual currency against fiat currency exchange, and it’s compliant with the regulations of each jurisdiction where it operates.It has an extensive list of products, and it’s among the well-known companies in the field. Its portfolio...

Yesterday, Live Bitcoin News reported that Jack Abramoff – a notorious lobbyist – had pled guilty to fraud and now faces potential jail time following charges from the Securities and Exchange Commission (SEC). Now, it appears Abramoff’s alleged partner in crime – Rowland Marcus Andrade – is the subject of a potential extortion campaign. At least that’s what he’s claiming.Andrade: I’m the Victim, HereBoth Andrade and Abramoff were potentially involved in a phony initial coin offering (ICO) for...