ICO

US SEC charges two Canadians for conducting a fraudulent $30 million ICO.

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...

Malaysian regulators ban Initial Coin Offerings, issue guidelines for IEOs.

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...

US SEC tells investors to be cautious of IEOs.

The SEC’s Office of Investor Education and Advocacy issued an alert urging investors to be cautious before investing in Initial Exchange Offerings through online trading platforms. SEC informed that IEOs might be subjected to registration requirements that apply to...

The US SEC produces evidence proving Telegram’s involvement in post-ICO sales.

The US Securities and Exchange Commission (SEC) on Friday filed documents in ongoing cases with Telegram. The filing states that the evidence of post-ICO sales undercuts the company's argument that the offering was exempt from registration requirements. Telegram was...

Russia’s largest Darknet marketplace Hydra is planning a multi-million dollar ICO.

According to an investment memorandum on the darknet website, the token sale is scheduled to launch on December 16. The darknet market claims to be seeking $146 million in its ICO. However, the whole planning could be a scam...

US SEC charged Shopin founder for conducting an illegal $42 million ICO.

The SEC has alleged that funds raised in ICO by Shopin were illegal. The company raised $42 million in an ICO from August 2017 to April 2018. In its filing SEC alleged that Shopin sold unregistered securities to investors, which...

A Brooklyn businessman gets 18 months in prison for conducting a fraud ICO.

Maksim Zaslavskiy has been sentenced a year and a half in prison for conduction two fake ICOs. The court will decide the amount of restitution later. In November 2108, Zaslavskiy was proven guilty for committing securities fraud.   Zaslavskiy lured in...

Block.one to pay $24 million fine for a $7 billion ICO

The SEC has settled the charges that were raised against Block.one by imposing a fine of $24 million for selling unregistered securities. SEC's announced on Monday how the company raised billion dollars in an ICO that took place between...

SEC continues war against ICOs: sues ICObox

The U.S. Securities and Exchange Commission has filed a complaint against the platform ICObox and its founder Nikolay Evdokimov. The SEC has filed this complaint because the crypto platform conducted ICO sales worth millions and neglected the SEC registration...

Veri Token ICO: Assets Worth $8 Million Frozen by SEC

In the recent news, a court order was granted to the U.S. Securities and Exchange Commission(SEC) to freeze $8 million worth of assets that are related to Veritaseum and VERI token offerings. SEC has accused the company...

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India’s Central Bank clarifies that cryptocurrencies are not banned

RBI made this argument during the ongoing case in the Supreme court of India that will judge if RBI's...

US lawmakers introduce a bill to simplify taxing crypto gains

Representative Suzan Delbene last week introduced a proposal to amend the crypto taxation law. The bill proposes to exempt personal cryptocurrency transactions from taxation...