Category: ICO

Ripple Lawsuit Could Invoke Billions in Losses to ‘Innocent Third-Parties,’ Says Former SEC Commissioner

Ripple Lawsuit Could Invoke Billions in Losses to ‘Innocent Third-Parties,’ Says Former SEC Commissioner

The crypto community is extremely curious about what will happen to Ripple Labs and the token asset XRP, after the U.S. Securities and Exchange Commission (SEC) recently filed a lawsuit against Ripple and two executives. On December 25, the large cryptocurrency exchange Bitstamp announced delisting XRP for U.S. customers, and a former SEC Commissioner thinks […]

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Pantera says its ICO fund performance is up 362% year-to-date

Pantera says its ICO fund performance is up 362% year-to-date

According to Pantera Capital’s monthly investor letter, the firm’s initial coin offering-focused fund is up 362% year-to-date in terms of performance. “Pantera Funds are continuing to generate strong returns in what has been a seminal year for digital assets. We believe we are still in the early innings of a potential multi-year bull market fueled […]

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Belgian Regulator Warns of Crypto Scammers That Target Male Tinder Users With Fake ICOs

Belgian Regulator Warns of Crypto Scammers That Target Male Tinder Users With Fake ICOs

The Belgian regulator, the Financial Services and Markets Authority (FSMA), says scammers are employing new techniques which target Tinder and Facebook users. Using what the FSMA terms an “emotional scam,” criminals are targeting male users of the dating app Tinder with promises of exceptional returns on investments. However, the purported investments are in fact part […]

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Report: 33% of US Based ICO Investors Say Founders Intentionally Deceived Them or Withheld Key Information

Report: 33% of US Based ICO Investors Say Founders Intentionally Deceived Them or Withheld Key Information

A survey conducted by Xangle Research finds that a third (33%) of respondents say founders of an initial coin offering (ICO) in which they invested either intentionally deceived them or withheld key information. A further 17% of the responding ICO investors say they did not know if they had been deceived. However, about half (50%) […]

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Investigating the Downfall of Cred Inc.

Investigating the Downfall of Cred Inc.

Quick Take Online cryptocurrency lending platform, Cred, abruptly filed for chapter 11 bankruptcy protection in Delaware on November 7th, 2020. Initially known as Libra Credit, the company raised $26.4M with the LBA Token ICO in May 2018, only for the token to lose over 96% of its value since then.  There is a lot of […]

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SEC Chairman Jay Clayton Steps Down Early: How Has His Term Impacted The Crypto Industry?

SEC Chairman Jay Clayton Steps Down Early: How Has His Term Impacted The Crypto Industry?

After heading the U.S. Securities and Exchange Commission for the past three and a half years, Jay Clayton has decided to end his term early. As the SEC’s mission is to protect investors and ensure fair and efficient financial markets, it’s worth exploring how has the Commission impacted the cryptocurrency field during his tenure. The […]

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Filecoin Miners Start a Strike – FIL Validators Claim the Project’s Economic Model Is Not Working

Filecoin Miners Start a Strike – FIL Validators Claim the Project’s Economic Model Is Not Working

The Filecoin project has surely seen a lot of hype but during the last few weeks before the launch, the cooperative digital storage crypto project has been criticized a great deal. This weekend a few Filecoin miners have been on strike and claim the economic model is not working out for them. Just recently the […]

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Rise of the Underdog, Securypto Takes off as Investors Scramble To Get on Board

Rise of the Underdog, Securypto Takes off as Investors Scramble To Get on Board

The time of ICO’s seems behind us and many blockchain projects have fallen off the grid but one particular project seems not only to have survived but even thrived during these times. Securypto focuses on safe and truly anonymous exchange of data. In a world where datahacks have become the norm rather than the exception, […]

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John McAfee sued by SEC for past promotions of initial coin offerings

John McAfee sued by SEC for past promotions of initial coin offerings

The U.S. Securities and Exchange Commission filed suit against crypto investor and promoter John McAfee for his past promotion of initial coin offerings (ICOs) on social media. Per the complaint: “From at least November 2017 through February 2018, McAfee leveraged his fame to make more than $23.1 million U.S. Dollars (“USD”) in undisclosed compensation by […]

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ICO Aftermath: US Rules in Favour of SEC in $100M KIK Case – SALT to Reimburse Claimants From 2017 ICO

ICO Aftermath: US Rules in Favour of SEC in $100M KIK Case – SALT to Reimburse Claimants From 2017 ICO

A US court has ruled in favour of the US SEC after the regulator’s filing of a motion seeking summary judgment against Kik for violating the country securities laws. Kik, which raised $100 million from 2017 ICO, had filed its own motion of summary judgment but the court refused to grant this. In his judgment, […]

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