Tag: ico
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Dragon Coin and Telegram Take Largest Share of ICO Investments in March
We reported here that tokens sales raised $1.25 billion in February, after raising $1.45 billion in January and $1.1 Billion in December. That’s according to the data on the ICODrops website which, however, does not necessarily include every token sale and is not always up-to-date. Gathering data on ICOs is tricky, and most of the aggregate numbers that…
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Warning Cryptocurrency Endorsers: You May Be Sued For Promoting Fraud ICOs
Endorsers of initial coin offerings and other cryptocurrency products could soon face legal action as regulators continue to crack down on fraud. That’s what securities attorneys warned amid the rash of SEC actions against scam ICOs. “They are clearly sending a signal,” former SEC attorney Nick Morgan told the Financial Times. Morgan, a partner in U.S. law…
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New York Government Arrests Businessman Due to Alleged ICO Fraud
The US Attorney’s Office Eastern District of New York has announced that New York-based businessman Maksim Zaslavskiy was arrested on Nov. 1, 2017, due to securities fraud conspiracy in connection with two initial coin offerings (ICO). Zaslavskiy was recently accused by the US Securities and Exchange Commission (SEC) of defrauding investors in the two ICOs. According to acting US…
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Catalonia Considers Separate Digital Currency and E-Residency Program
Catalonia, which is fighting for independence from Spain, is considering an e-residency program similar to the one in Estonia. Catalonia is also considering adopting its own digital token or cryptocurrency. The Government of Catalonia, the Generalitat de Catalunya, has sent representatives to Estonia to learn about the e-residency program, which offers a government-issued digital identity card that…
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The Basics on FACTS: A New Model for Compliant ICOs
Jaron Lukasiewicz is a co-founder of WRKFLOW, an advisor to several blockchain companies and the founder of Coinsetter, a cryptocurrency exchange sold to Kraken FX. In this opinion piece, Lukasiewicz proposes a way for initial coin offerings to avoid running afoul of securities laws while retaining the practical commercial advantages of tokenization. A few blockchain companies…
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Kazakhstan Following Russia’s Lead with Own Cryptocurrency
Kazakhstan has become the latest country to show an intention of creating its own fiat-based digital asset, following in the footsteps of its former Soviet handlers, Russia. It was announced via the country’s government-supported Astana International Finance Center (AIFC) who said they had signed a deal of cooperation with a Maltese firm called Exante. Next generation investment In plugging themselves, Exante…
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Put 10% Savings in Bitcoin, Mark Cuban Tells Vanity Fair ‘Adventurers’
Investor and entrepreneur Mark Cuban has upped his cryptocurrency advocacy, telling Vanity Fair readers to put 10 percent of their money into it. In a video guide on “getting rich,” Cuban produced nine tips on maximizing potential wealth long-term. Among them in fifth place was advice to “invest up to 10 percent of savings” in so-called “high risk” assets,…
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Christine Lagarde Convinced IMF Could Play Pivot Regulating Cryptocurrencies
IMF head Christine Lagarde’s positive comments on cryptocurrency appear to have inspired a U-turn in traditional finance circles. Lagarde’s suggestion that digital currencies could give fiat-based setups “a run for their money” provided a powerful alternative perspective to bankers’ “fraud” accusations. Lingham banker buddy’s optimism Now, well-known crypto industry figures such as Vinny Lingham are producing evidence that optimism from…
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Signs Appear Suggesting Chinese Government May Have Entered Cryptocurrency Market
After Chinese government’s ban of ICOs last month, there are continuous rumors saying that Chinese government is preparing to enter the cryptocurrency market. However, no official announcement has been made to verify the rumor. Before Oct. 10 Beijing time, there was no substantial evidence backing up these rumors. Nevertheless, a few hints might show that Chinese government is entering, or…
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Hedge Funds Investing Early in ICOs is Abusive: Cryptocurrency Investor
Kyle Samani, a managing partner at Multicoin Capital, a diversified blockchain investment fund, believes hedge funds investing or participating in initial coin offerings (ICOs) as early investors and then cashing out immediately thereafter to drive short-term profits is abusive and an unhealthy practice for the long-term growth of the ICO market. Problematic Mechanism of ICOs:…