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Tag Archives: ICO

The SEC Targets Blockchain Company Over Unregistered Token Sale

The Securities and Exchange Commission (SEC) is continuing to exhibit its newfound hard-as-nails attitude towards crypto and blockchain ventures, and has recently enforced a $250,000 penalty on a startup called Blockchain of Things Inc. (BCOT)The SEC Is Not to Be Taken LightlyThe SEC alleges that the company hosted an unregistered initial coin offering (ICO) back in December 2017. That ICO resulted in roughly $13 million in capital gained for BCOT. Granted the company is forced to comply with...

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Hydra Dark Web Set to Begin Its ICO This Coming Monday

Russian dark web marketplace Hydra says it is seeking nearly $150 million in bitcoin to continue its operations.Hydra Is Looking to Become GlobalThe platform has announced an initial coin offering (ICO) set to begin next Monday on December 16. This is odd in the sense that most dark web marketplaces are looking to potentially hide or limit their presences, whereas an ICO with such a large goal is likely to let everyone in on the secret.This, according to the Russian media, is a giveaway that...

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New York Man Faces Jail Time for “Misleading” ICO

It’s happened again, folks. Another person is now facing prison time for taking part in an alleged initial coin offering (ICO) scam that has seemingly cheated people out of their hard-earned funds.Why the ICO Is Not a Trusted Funding MediumMaksim Zaslavskiy – who hails from Sheepshead Bay in New York – has been sentenced to a year-and-a-half in federal prison by a Brooklyn-situated court for lying to investors that took part in his token sale. This is being reported as the first...

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Bitfinex Will Not Host Upcoming Kim Dotcom ICO

Kim Dotcom will not be able to issue his new cryptocurrency.Dotcom Will Not Get His Upcoming ICOThe plan was that Dotcom would garner the funds he needs to launch the new currency through an initial coin offering (ICO) hosted by Bitfinex, a popular cryptocurrency exchange that is arguably surrounded by as much controversy as Dotcom himself.As it turns out, Bitfinex is getting a little worried about all the regulatory uncertainty meandering through the crypto space as of late and doesn’t want...

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Social Media Influencer Behind Bars for Crypto Scam

When are people going to realize that cryptocurrency scams are never a good idea? You’re always going to get caught. This is a lesson that’s hitting Instagram influencer Aziz ‘Com’ Mizra rather hard at press time.Mizra Is Spending Time in JailA one-time Canadian resident now living in the United Arab Emirates, Mizra has been arrested in Dubai by law enforcement officials under charges that he potentially defrauded investors through several cryptocurrency and real-estate schemes that saw...

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“ETH Architect” Steven Nerayoff Committed “Old-Fashioned Shakedown”

Former Ethereum advisor Steven Nerayoff and his assistant Michael Hlady have been arrested and charged with extorting millions of dollars in crypto funds.Nerayoff Facing Jail Time?The Justice Department has released a statement about the incident, claiming that both men were threatening to “destroy a startup cryptocurrency company if they were not paid millions of dollars” in ether tokens. U.S. Attorney Richard Donoghue explains: As alleged, Nerayoff and Hlady carried out an old-fashioned...

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