Crypto News
Telegram agrees to disclose ICO documents asked by the US SEC
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The encrypted messaging giant Telegram is currently fighting a legal battle to get the go-ahead for its blockchain project, but so far, the company had no luck. Telegram filed an order of consent on May 7, agreeing to disclose...
Blockchain
Telegram tells US investors to leave the project
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The encrypted messaging app Telegram in a letter to Telegram Open Network investors on Monday said that American investors can’t wait for another year and are not eligible for a 110% loan refund option in April 2021. According to...
Crypto News
Telegram offers to return $1.2 billion to investors, Postpones the launch of TON
Jai Pratap - 0
Encrypted messaging app giant Telegram has postponed the launch of its TON blockchain for a second time on April 29. Telegram also announced to offer to return up to 72% of each investor's stake. The encrypted messaging giant first...
Crypto News
SEC and Kik’s court battle over token offering continues
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The SEC and Kik both filed oppositions to the other party's motions for summary judgment this week, reiterating their arguments in the case and their respective takes on whether statements collected during the court battle to date are complete...
Crypto News
Investor joins forces to petition the court to keep Telegram investment strategies out of the public domain
Jai Pratap - 0
The US SEC is currently suing encrypted messaging platform Telegram for unlawfully conducting a billion-dollar ICO for its native digital currency. Telegram had raised over $1.7 billion in an ICO in 2018, but just a few weeks before the...
Crypto News
Judge rules in favor of SEC’s terminating sanctions in Blockvest case
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A federal judge for the Southern District of California has ruled in a recent court filing that blockchain-based assets exchange Blockvest and its founder should lose their defense in a Securities and Exchange Commission case after allegations of fraud...
Crypto News
Hollywood actor Steven Seagal settles charges with SEC for unlawfully promoting an ICO
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The US SEC has charged the well-known Hollywood actor Steven Seagal for participating in an unlawful initial coin offering back in 2017-18. According to the SEC, Steven Seagal promoted an ICO conducted by Bitcoiin2Gen(B2G). The actor advertised the token...
Blockchain
SEC charges a blockchain company for conducting an illegal ICO.
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The US SEC has alleged that Opporty International raised approximately $600,000 from nearly 200 investors in an illegal ICO. The blockchain company sold OPP Tokens, which are unregistered digital asset securities, according to the US SEC.
Opporty lied about being...
Blockchain
US SEC charges two Canadians for conducting a fraudulent $30 million ICO.
Jai Pratap - 0
The US Securities Exchange Commission (SEC) has indicted the conspirators behind the Blockchain Terminal's Initial Coin Offering that raised over $30 million. Edith Pardo, 68, and Boaz Manor, 46, are Canadian citizens, and Manor has served four years in...
Crypto Exchange
Malaysian regulators ban Initial Coin Offerings, issue guidelines for IEOs.
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Securities Commission Malaysia published a detailed set of guidelines regulating digital coin offerings. Digital token offerings in Malaysia would now be done via Initial Exchange Offerings instead of Initial Coin Offerings (ICOs).
Regulations to be implemented in the second quarter...
Latest News
Delaware Chancery approves a temporary restraining order against Ripple.
According to reports, the Delaware Chancery Court has approved a temporary restraining order against Ripple Labs Inc. on behalf of...