Tag Archives: ICO News

The SEC commissioner Hester Pierce wants the blockchain space and the regulators to work on an eased juridical framework for ICOs in the next three years.During the recent industry conference in Chicago, the SEC Commissioner Hester Peirce proposed a new regulatory framework for ICO companies and unqualified investors.Current securities laws don’t allow numerous ICO startups and similar firms to collect money from U.S. citizens. According to the law, almost any cryptocurrency, coin or token is...

Recently, Hong Kong saw setting up a new fintech startup Two Prime that focuses on the financial application of crypto by introducing a diversified investment model. As a new startup, Two Prime is trying to surprise the world and offer ingenious ideas. Yesterday, the firm announced the launch of FF Accretive Token (FF1) which is ‘a brand new asset crypto class’. According to the company, Two Prime’s FF1 Token combines the features of a close-ended fund, asset-backed token, and a secure store...

Kik, a Canadian company behind a freeware instant messaging mobile app, has long been involved in a battle with the U.S. Securities and Exchange Commission (SEC) over the enforcement action against Kin token offering in 2017. Now Kik requires trial with the SEC in order to put a legal end to this story.On Thursday, the SEC updated the status of the case and provided a schedule for further proceedings. According to the document, yesterday, on January 9, the parties took a total of 11...

 AMF ( ‘Autorité des marchés financiers) is the authority for financial markets there granted ICO approval earlier this week. It gave the approval as conditional based on certain factors. The authority gave its approval based on certain conditions. These conditions tally with standard best practices the world over. It also demonstrates the need for simplistic rules for the activities within the cryptospace. The new rules are to ensure the security of the digital assets to be issued, effective...

On Thursday, TON founders received an order to open their TON ICO documents to the investigators. The order came via a court filing by the U.S. regulator. Per the document:“Plaintiff respectfully moves to compel Defendants to answer questions and provide documents regarding the amounts, sources, and use of funds raised from investors in connection with the unregistered sale of securities at issue in this case.The requested bank records are highly relevant to the issues in dispute in this...

The Autorité des Marchés Financiers (AMF) have discovered the project that is worth listing as the safe one. The company with a straightforward name “French ICO” aims to help people fund other projects using tokens.The token authors were applying for a visa according to the PACTE law. It prescribes ICO founders to send out a document with a detailed description of their ideas. The doc must contain relevant information, statistics, PR information and such. The information should contain no...

In what seems like a plus for the cryptocurrency community, Dubai-based cryptocurrency exchange BTSE has decided to raise $50 million of its token come March 2020. Sources also further indicated that the exchange plans to issue a total supply of 200 million tokens in the due course of time at $1 each and then to buy them back and burn 100 million. The pitch deck for the offering reads:“Funds raised will be allocated toward user acquisition to increase overall platform revenue, platform...

Token offering platform CoinList raised $10 million with a little help from Twitter and Square CEO Jack Dorsey. CoinList was founded back in 2017 as a spin-off of AngelList, and it acts as an ICO exchange platform that at first received support from investment company Polychain Capital, and upraised more than $9 million in its virgin funding tour. Since then, the company is directing regulatory rules concerning initial coin offerings (ICOs), a popular capital acquisition vehicle for emerging...

The United States Securities and Exchange Commission (SEC) has put a spanner-in-the-wheel of Telegram‘s $1.7 billion Gram (GRM) token offering. The securities regulator has asked the messaging giant to halt the sale of its digital currency calling its “unlawful”.As per the SEC press release on Friday, October 11, Telegram failed to register its token-sale offering with the regulator, in due time. The Telegram Group has been working on its blockchain project – Telegram Open Network (TON) –...

Out of the multitude of ICO projects, raising money, only a small part actually delivered something that could be called a product. Almost 90% of all ICOs failed. There’s a term in venture capital, “a death valley”, meaning the period from the receiving initial investments to the moment of becoming profitable.Usually, a very small percentage of projects manage to cross the death valley, because every unexpected obstacle can ruin their plans. It happens due to a lack of experience, bad...