Category: initial coin offering

SEC Imposes Multimillion Dollar Fine for Unregistered EOS Token Sale

SEC Imposes Multimillion Dollar Fines for Unregistered ICO and Stock TransactionsThe United States securities regulator has announced hefty fines for two crypto companies. The penalties have been imposed for EOS’ unregistered token sale and a fraudulent public offering. The Securities and Exchange Commission (SEC) intends to use some of the collected money to indemnify investors who suffered damages. Also read: SEC Commissioner Speaks Positively About […]

The post SEC Imposes Multimillion Dollar Fine for Unregistered EOS Token Sale appeared first on Bitcoin News.

Continue Reading

SEC Chairman Confirms Cryptocurrencies Like Ethereum Are Not Securities

SEC Chairman Confirms Cryptocurrencies Like Ethereum Are Not SecuritiesOn March 12, the cryptocurrency and blockchain legislative advocacy group Coincenter published correspondence between the Securities and Exchange Commission (SEC) chairman Jay Clayton and representative Ted Budd. The letter explains that Clayton and the SEC’s staff analysis confirms that Ethereum and similar cryptocurrencies are not subject to securities laws. Also read: Cointext Adds the Ability […]

The post SEC Chairman Confirms Cryptocurrencies Like Ethereum Are Not Securities appeared first on Bitcoin News.

Continue Reading

Company Evades SEC Penalty Despite Illegally Issuing Security Tokens

Company Evades SEC Penalty Despite Illegally Issuing Security TokensThe U.S. Securities and Exchange Commission (SEC) has decided not to impose a penalty on a company that had issued security tokens without its approval and without qualifying for an exemption. The company raised approximately $12.7 million. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval No Penalty The SEC announced on Wednesday […]

The post Company Evades SEC Penalty Despite Illegally Issuing Security Tokens appeared first on Bitcoin News.

Continue Reading

ICO Treasuries Offloaded the Most ETH in November and December This Year

Over the Last Two Months ICO Treasuries Withdrew the Most ETHOver the course of 2018, failing initial coin offerings that raised billions last year have continued to dominate the news cycle. Despite ethereum losing more than two thirds of its value, ICO projects have been liquidating massive amounts of ETH. ICO treasuries cashed out 433,000 ETH ($52.4M) in December, surpassing every other month this year. […]

The post ICO Treasuries Offloaded the Most ETH in November and December This Year appeared first on Bitcoin News.

Continue Reading

Japan Unveils Plans to Regulate Initial Coin Offerings

Japan Unveils Plans to Regulate Initial Coin OfferingsJapan’s Financial Services Agency has held several meetings to discuss how to best regulate initial coin offerings. In addition to registration requirements, the regulator reportedly plans to amend two existing laws that can be applied to token sales. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Registrations and Law Changes The […]

The post Japan Unveils Plans to Regulate Initial Coin Offerings appeared first on Bitcoin News.

Continue Reading

US State Takes Action Against Crypto Operation Imitating a Liechtenstein Bank

US State Takes Action Against Crypto Operation Imitating a Liechtenstein BankThe U.S. state of North Dakota has issued a cease and desist order against a cryptocurrency operation imitating a fully licensed bank in Liechtenstein. This operation goes by the same name as the token announced by the bank. Its website mirrors the bank’s website and its crypto announcement was identical to the bank’s, including a […]

The post US State Takes Action Against Crypto Operation Imitating a Liechtenstein Bank appeared first on Bitcoin News.

Continue Reading

First Major Bitcoin Cash ICO Raises $30M in Record Time

First Major Bitcoin Cash ICO Raises $30M in Record TimeOn Oct. 8, 2018, the blockchain firm and mining pool Viabtc finished the first high-value initial coin offering (ICO) using the Wormhole protocol and Bitcoin Cash chain. According to exchange data, the Viabtc Token ICO raised US$3,700 per second capturing a total of $30 million in 2.2 hours. Also Read: Electron Cash Developer Reveals In-Wallet BCH […]

The post First Major Bitcoin Cash ICO Raises $30M in Record Time appeared first on Bitcoin News.

Continue Reading

Google Bringing Back Crypto Ads in US and Japan

Google Bringing Back Crypto Ads in US and JapanGoogle has announced that regulated cryptocurrency exchanges will be allowed to advertise on its platforms in the United States and Japan starting in October. This removes some of the restrictions the company placed on crypto ads in June. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Some Crypto Ads Will Be Allowed […]

The post Google Bringing Back Crypto Ads in US and Japan appeared first on Bitcoin News.

Continue Reading

Crypto-Flashbacks: How the Media Pumped the ICO Known as Paycoin

Crypto-Flashbacks: How the Media Pumped the ICO Known as PaycoinJust recently Josh Garza was sentenced to 21 months of prison and six months of home confinement for his role in the many Ponzi scams like Gaw Miners, Zen Miners, Hashlets, and of course the controversial Paycoin that appeared in 2014. Back then lots of people were scammed by Garza’s schemes but he had a […]

The post Crypto-Flashbacks: How the Media Pumped the ICO Known as Paycoin appeared first on Bitcoin News.

Continue Reading

SEC Takes Action Against ‘First US Regulated Crypto Asset Fund’

SEC Takes Action Against ‘First US Regulated Crypto Asset Fund’The U.S. Securities and Exchange Commission (SEC) announced on Tuesday that it has taken action against two cryptocurrency firms. Both mark the “first-ever” action of their kind by the Commission. One is against a firm which claims to offer the “first regulated crypto asset fund in the United States” and the other is against an […]

The post SEC Takes Action Against ‘First US Regulated Crypto Asset Fund’ appeared first on Bitcoin News.

Continue Reading

Colorado Investigating Three Cryptocurrency Firms

Colorado Investigating Three Cryptocurrency FirmsThe Colorado Department of Regulatory Agencies is investigating three cryptocurrency firms for promoting unregistered initial coin offerings in the state. The investigations are part of a growing trend of fraudulent companies looking to make quick money. All three firms failed to show up at a hearing to present evidence as ordered by the Commissioner. Also […]

The post Colorado Investigating Three Cryptocurrency Firms appeared first on Bitcoin News.

Continue Reading

Thailand Updates ICO Licensing Progress, Warns Firm Issuing Token Without License

Thailand Updates ICO Licensing Progress, Warns Firm Issuing Token Without LicenseThe Thai Securities and Exchange Commission has revealed the number of applications it has received from businesses wanting to operate initial coin offering portals in the country. However, at least one company is already issuing a token without obtaining approval. Meanwhile, the first Thai Stock Exchange-listed company to launch a token has a new plan […]

The post Thailand Updates ICO Licensing Progress, Warns Firm Issuing Token Without License appeared first on Bitcoin News.

Continue Reading

Only Seven Crypto Firms Authorized to Legally Operate in Thailand

Only Seven Crypto Firms Authorized to Legally Operate in ThailandThe Thai Securities and Exchange Commission (SEC) has announced the names of seven cryptocurrency firms that have been authorized to legally operate in the country. Five of them are crypto exchanges; two are cryptocurrency dealers. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Seven Crypto Firms Authorized The Thai SEC has announced the names […]

The post Only Seven Crypto Firms Authorized to Legally Operate in Thailand appeared first on Bitcoin News.

Continue Reading

SEC Fines and Permanently Bars Founder of Fraudulent Oil Exploration Token

SEC Fines and Permanently Bars Founder of Fraudulent Oil Exploration TokenThe U.S. Securities and Exchange Commission (SEC) has taken action against an oil and gas exploration company and its founder who “perpetrated a fraudulent initial coin offering (ICO) to fund oil exploration and drilling in California.” The token sale failed to raise money but the tokens were issued as part of a bounty program, which […]

The post SEC Fines and Permanently Bars Founder of Fraudulent Oil Exploration Token appeared first on Bitcoin News.

Continue Reading

ICO Regulations Round-Up: Fundraising Law, Jeju Island, Self-Directed IRAs

ICO Regulations Round-Up: Fundraising Law, Jeju Island, Self-Directed IRAsIn recent news pertaining to initial coin offerings (ICO) regulations, an EU report has advocated the regulation of ICOs according to crowdfunding legislation, the governor of Korea’s Jeju Island wants his jurisdiction to become a special economic zone regarding cryptocurrencies and blockchain, and the U.S. SEC has warned consumers regarding the risks of self-directed Individual […]

The post ICO Regulations Round-Up: Fundraising Law, Jeju Island, Self-Directed IRAs appeared first on Bitcoin News.

Continue Reading

‘Treasure Ship’ ICO Dupes Investors – South Korea Asks Interpol for Help

'Treasure Ship' ICO Dupes Investors - South Korea Asks Interpol for HelpSouth Korean police have asked Interpol for help with an investigation into the fraudulent token sale of Shinil Gold Coins that were claimed to be backed by the “treasure” on the sunken Dmitrii Donskoi. Local media reported that the sale raised an estimated $53.5 million from about 124,000 investors. Also read: Yahoo! Japan Confirms Entrance Into the Crypto […]

The post ‘Treasure Ship’ ICO Dupes Investors – South Korea Asks Interpol for Help appeared first on Bitcoin News.

Continue Reading

Canadian Securities Commission: Over Half a Million Ontarians Currently Holding Crypto

Canadian Securities Commission: Over Half a Million Ontarians Currently Holding CryptoA study by the Ontario Securities Commission reveals that over half a million people, 5 percent of Ontario residents, currently own cryptocurrencies. The report also shows how they invest, how many owned crypto in the past but not anymore, and details of those investing in tokens. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space 5% of […]

The post Canadian Securities Commission: Over Half a Million Ontarians Currently Holding Crypto appeared first on Bitcoin News.

Continue Reading

This Village Decided to Launch Japan’s First Municipal ICO

This Village Decided to Launch Japan's First Municipal ICOA village in Japan has announced its decision to launch an initial coin offering in order to secure funds for creating a sustainable region. This will be the first time in Japan for a municipality to use a token sale to raise funds. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Local Government Launching […]

The post This Village Decided to Launch Japan’s First Municipal ICO appeared first on Bitcoin News.

Continue Reading

Regulations Round-Up: CFTC Rejects FOIA Request, SEC Not Modifying Securities Laws

Regulations Round-Up: CFTC Rejects FOIA Request, SEC Not Modifying Securities LawsIn recent regulatory news, the United States Commodity Futures Trading Commission (CFTC) has rejected a Freedom of Information Act (FOIA) request regarding the subpoenas recently received by Bitfinex and Tether; the United States Securities and Exchanges (SEC) Chairman, Jay Clayton, has indicated that the regulator will not alter existing securities legislation to cater to cryptocurrencies. […]

The post Regulations Round-Up: CFTC Rejects FOIA Request, SEC Not Modifying Securities Laws appeared first on Bitcoin News.

Continue Reading

South Korea’s National Assembly Officially Proposes Lifting ICO Ban

South Korea's National Assembly Officially Proposes Lifting ICO BanSouth Korea’s national legislature has officially proposed to allow domestic initial coin offerings, effectively lifting the ban imposed by the government in September last year. With the lack of proper guidelines, South Korean companies have been migrating abroad to launch their token sales. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space National Assembly’s Proposal […]

The post South Korea’s National Assembly Officially Proposes Lifting ICO Ban appeared first on Bitcoin News.

Continue Reading

Singapore Warns Eight Unauthorized Token Exchanges

Singapore Warns Eight Unauthorized Token ExchangesThe Monetary Authority of Singapore has warned eight digital token exchanges operating in the country over unauthorized securities trading. The regulator also stopped an initial coin offering, prompting its issuer to return all funds received from Singapore-based investors. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Eight Token Exchanges Warned Singapore’s central bank and financial […]

The post Singapore Warns Eight Unauthorized Token Exchanges appeared first on Bitcoin News.

Continue Reading

Date Set: Japan’s Internet Giant GMO Will Launch 7nm Bitcoin Miner on June 6

Date Set: Japan's Internet Giant GMO Will Launch 7nm Bitcoin Miner on June 6Japan’s GMO Internet announced that it will unveil its flagship bitcoin mining machine, called GMO miner B2, equipped with the 7nm chips on June 6. Interested customers can register now for the upcoming information session. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Launching on June 6 The wait for 7nm bitcoin mining products […]

The post Date Set: Japan’s Internet Giant GMO Will Launch 7nm Bitcoin Miner on June 6 appeared first on Bitcoin News.

Continue Reading

Overstock.com’s t0 to Launch Regulated Security Token Exchange

Overstock.com’s t0 to Launch Regulated Security Token ExchangeOverstock.com’s Tzero is planning to launch a regulated exchange for security tokens in collaboration with Box Digital Markets. The companies will seek the approval of the U.S. Securities and Exchange Commission for the new exchange. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Security Token Exchange Overstock.com’s fintech subsidiary t0.com Inc (Tzero) and Box […]

The post Overstock.com’s t0 to Launch Regulated Security Token Exchange appeared first on Bitcoin News.

Continue Reading

By continuing to use the site, you agree to the use of cookies. more

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close