ICO

Distributed storage might not sound like the most enthralling topic, but the ongoing battle for dominance among competing protocols is likely to have far-reaching consequences for 4.5 billion active web users.At present, two entities are vying for supremacy, with BitTorrent File System (BTFS) going up against InterPlanetary File System (IPFS). Though the raison d’etre of each protocol is virtually identical, with each project promising to usher in a safer, more secure internet, this is a...

Initial coin offerings (ICOs) indicted by the U.S. Securities and Exchange Commission (SEC) may see a significant reduction in fines owed following a recent Supreme Court ruling.Apex Court Caps SEC Disgorgement AbilityAccording to Bloomberg, the U.S. Supreme Court issued a ruling on Monday (June 22, 2020), placing a cap on the disgorgement sought by the SEC in fraud cases. As part of the court’s decision which came by way of an 8-to-1 majority, the Commission can no longer seek disgorgement...

The flash sale of FC Barcelona’s BAR token, which looks like a flashy wording for an Initial Coin Offering, carried out on the platforms Chilliz and Socios, sold 600,000 tokens priced at 2EUR each in less than two hours.Barça Supporters Now Own 600 000 “Barça Fan Tokens”One of the biggest football clubs in the world, FC Barcelona, has sold its first tokens in a very short time. In a Monday flash sale, supported by token platforms Chiliz.net and Socios.com, 600 000 Barça Fan Tokens at a set...

A former chairman of the Commodity Futures Trading Commission – Chris Giancarlo – has come to the defense of Ripple and claimed that it is not a security.Chris Giancarlo: Leave XRP AloneRipple has been at the center of a controversial class-action lawsuit for many months, now. Several early investors claim that the company has lied about the currency’s status as a non-security. One investor has even gone so far as to claim that Ripple is a never-ending initial coin offering (ICO).To be fair,...

Pro traders who eat, sleep, and swap Bitcoin 24/7 now have no excuse straying out of the loop.Derivatives exchange Bybit has introduced custom alerts for users of its trading app, providing on-the-go notifications around the clock.For traders whose edge is predicated upon executing trades seconds ahead of the market, the service should prove a godsend, while for more casual traders, Bybit’s alerts provide early warning of sizable market moves that are underway.Bybit Goes Bespoke With...

Robert Farkas, the co-founder of Centra Tech, is one of the lead defendants on a massive case, including securities and wire scam, and a fraudulent ICO, raising more than $25 million, according to the FBI.Farkas Plead Guilty, Co-Defendants Set On Another TrialAccording to the office of the United States Attorney for the Southern District of New York, the co-founder of crypto start-up Centra Tech Robert Farkas pled guilty in court on charges of conspiring and committing securities and wire...

Six years on from the publication of its original whitepaper, Filecoin (FIL) has launched an incentivized testnet designed to test the network in realistic conditions.Aiming to build a decentralized file storage network, Filecoin carried out a $250 million ICO in 2017 – the largest Initial Coin Offering at the time. It was also the first ICO to be launched with the approval of the Securities and Exchange Commission (SEC), under a SAFT agreement – Simple Agreement for Future Tokens.According...

Blockchain firm BitClave is being forced to refund all the money it earned three years ago through an initial coin offering (ICO) thanks to a settlement with the Securities and Exchange Commission (SEC).BitClave: Not the First, Not the LastThe SEC has been coming down hard on blockchain and crypto companies that allegedly fail to register their tokens as securities. Since 2017, the governing body has sought to bring all companies that do not properly register their currencies to justice and...

The value of ETH stored on its own Ethereum blockchain has been continuously decreasing in the past year, new research shows. While numerous ERC-20 tokens operate on the network, the growth of stablecoins presents the most substantial threat to cause a future “flippening.”ETH’s Role On Ethereum Blockchain DecreasesPer the research provided by Messari’s Ryan Watkins, ERC-20 tokens are rapidly approaching 50% of the total value stored on the Ethereum network.ERC20 Tokens On Ethereum Blockchain....

Blockchain-based company BitClave PTE Ltd. reached an agreement to settle all charges brought by the US Securities and Exchange Commission (SEC) and will pay back all of its 9,500 investors the $25.5 million raised in 2017.BitClave To Pay Back InvestorsThe SEC accused the “blockchain services company” that it conducted an unregistered initial coin offering (ICO) of digital asset securities in 2017. BitClave raised $25.5 million at the time by selling its Consumer Activity Tokens (CAT) to...