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Tag Archives: ICOs

Australian Financial Regulator Issues Warning on ‘Misleading’ ICOs

Australian financial watchdog, the Australian Securities and Investments Commission (ASIC), has issued a warning on “misleading” Initial Coin Offerings (ICOs) and crypto-asset funds targeted at retail investors. The document was published Thursday, September 20, on ASIC’s official website. According to the release, ASIC has stopped five different ICOs from raising capital since April 2018. This was done due to the ...

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Australia’s Financial Watchdog Cracks Down on ‘Misleading’ ICOs & Crypto Funds

Australia’s financial regulator and watchdog is ramping up its scrutiny into ‘misleading or deceptive’ initial coin offerings (ICOs) and crypto-asset funds targeting retail investors. The Australian Securities and Investments Commission (ASIC) has confirmed it has identified “consistent problems” to ultimately shut down several initial coin offerings aimed at soliciting funds from retail investors. A radical new form of digital fundraising ...

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People’s Bank of China Issues New Warning Against ICOs and Cryptocurrencies

The People’s Bank of China (PBoC) has issued a new warning to citizens regarding investments in initial coin offerings (ICOs) and cryptocurrencies, amidst reports detailing how Chinese citizens were bypassing the cryptocurrency restrictions. This latest warning comes more than a year when China’s central bank first released their unprecedented ban on ICOs. In the notice, the PBoC reminds investors of ...

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Bitdepositary Creates an Innovative New Funding Community for ICOs that Stops Scams

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. Bitdepositary, ...

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Blockchain App Factory Expands Offerings Into ICO’s and STOs

India-based Blockchain App Factory has announced the expansion of its offerings, releasing their new Security Token and White-label Exchange Development services. Disclosure: This is a Sponsored Article Blockchain App Factory details The project already caters to over 25 clients within the blockchain space including companies like Li & Fung, an almost 120 year-old global supply chain management company that handles ...

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ICOs Sold 160,000 Ethereum Over the Past 10 Days

In the past 10 days, Initial Coin Offering (ICO) projects have sold three times more Ethereum (ETH) than they did in August, according to research by TrustNodes published September 13. The 160,000 Ethereum tokens sold over the past few days amount to $33 million, according to the price index at press time. Per TrustNodes, ICO projects sold 82,000 ETH on ...

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Federal Judge Applies Long-Established Securities Law to ICOs

Does a decades-old securities law apply to an initial coin offering (ICO)? In a case that represents the first time securities laws have been applied to cryptocurrencies, a district judge says it may. On September 11, 2018, in a district courthouse in Brooklyn, New York, Judge Raymond Dearie ruled that two ICOs were securities, based on established laws that govern ...

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U.S. Judge Rules That ICOs are Covered by Securities Laws

A U.S. District Judge in Brooklyn has delivered a landmark judgement with far-reaching implications for the initial coin offering (ICO) market. Judge Raymond Dearie of the U.S. District Court Eastern District of New York today ruled that U.S. securities laws cover ICO token sales. The ruling came in a case against a fraudulent ICO promoter Maksim Zaslavskiy, whom prosecutors are ...

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ICOs Aren’t Cashing Out Their Cryptocurrency Warchests [Yet]: Research

When the ethereum price crashed by nearly 50 percent during the first two weeks of August, some analysts speculated that last year’s initial coin offering (ICO) boom was to blame for the second-largest cryptocurrency’s decline. During 2017 and early 2018, cryptocurrency startups raised billions of dollars through ICOs, funds which were predominantly denominated in ether (ETH). This was all well ...

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Research: ICOs See Lowest Funding Level in 16 Months

Funding for Initial Coin Offerings (ICOs) has seen its hardest slump in 16 months, Bloomberg reported September 10. Analysis from Autonomous Research shows that in August, startups raised $326 million, which is the smallest amount since May 2017. According to Autonomous Research, Ethereum (ETH) blockchain-based ICOs have been recognized as the spark for the ETH price surge in 2017. However, ...

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