Commentary: Rapper TI Sold Unregistered Securities in the Form of FLiK Tokens

Commentary: Rapper TI Sold Unregistered Securities in the Form of FLiK Tokens

Stephen Palley, a lawyer at Anderson Kill, has unleashed a series of tweets in his Twitter account about the FLiK token case in which the famous rapper TI found himself sued for $5 million. In his commentary, Palley states that the court relates to the token as a security rather than a utility token. FLiK is an end to end entertainment platform that allows entertainment projects to be funded. FLiK tokens can be used to…

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Exposé Reveals that RepuX and JoyToken Stole $8 via Fraudulent ICOs

Exposé Reveals that RepuX and JoyToken Stole $8 via Fraudulent ICOs

Blockchain startups RepuX and JoyToken have reportedly pulled a joint initial coin offering (ICO) exit scam and said to have stolen $4.7 million and $3.3 million from investors respectively, as reported by The Next Web on May 16. It is said to be one of the major ICO scams reported in 2019. Further investigation by Hard Fork had also revealed that their UK offices disappeared this week which was confirmed by the official legal registrar…

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Research: ICO’s Are Down 3,800% While IEO’s Already Raised $40 Million in Q1 2019

Research: ICO’s Are Down 3,800% While IEO’s Already Raised $40 Million in Q1 2019

Just a couple of years ago, ICOs were the most successful way to raise capital for new cryptocurrency and blockchain projects. Then came the bear crypto market, causing the biggest drop in capital raised by ICOs ever seen. The bear market has since dragged on for more than one and a half years and ICOs have suffered all the way through the bearish run. A recent report done by BitMex Research shows that just in…

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The Fall of the ICO Market: A Plunge of 80% in 2019

The Fall of the ICO Market: A Plunge of 80% in 2019

The crypto world provided many entrepreneurs a great opportunity to materialize their ideas by using funds raised during initial coin offerings (ICOs). Starting a new company with capital has never been this easy. ICOs started back in 2014; however, it wasn’t until the end of 2017 that this market had really become popular. During early 2018, we could see that huge chunk of all initiated ICOs were raising enough funds which allowed them to start…

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U.S. SEC Willing to Cut Deals with ‘Prodigal ICOs’ that Admit their Wrongdoings

U.S. SEC Willing to Cut Deals with ‘Prodigal ICOs’ that Admit their Wrongdoings

As the primary financial watchdog in the United States, the Securities and Exchange Commission (SEC) can be likened to a mom who oversees the affairs of her children – financial firms including crypto firms. Like every mom, the SEC keeps its children in check by laying down some ground rules on the dos and don’ts in the home. And as expected of every young child, they see these rules as rather stringent and would love…

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Swiss Financial Watchdog FINMA Slams the Door on Envion AG Due to Illegal ICO

Swiss Financial Watchdog FINMA Slams the Door on Envion AG Due to Illegal ICO

As expected of any large industry, the crypto sphere is littered with both the good and bad eggs. Unfortunately, the bad eggs sometimes tend to be too many to hand pick. However, financial watchdogs of individual countries are unrelentingly struggling to fish out these con men out of the crypto space; and thus, creating a safer and better environment for crypto investors and enthusiasts to trade in. Although the size and drawbacks of the crypto…

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Global Real Estate Giant Emaar Group to Launch a Community Token

Global Real Estate Giant Emaar Group to Launch a Community Token

One of the world’s largest real estate development companies, Emaar Properties, is all set to launch an Ethereum-based community token by the end of this year to enhance customer loyalty and referral ecosystem of the group. Emaar Properties has a valuation of approximately US$35 billion, and is responsible for the development of the world’s tallest building Burj Khalifa and other such iconic structures. The development of the token is given in hands of the Swiss-based…

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Blockchain-Based Journalism Startup Civil Relaunches Another ICO

Blockchain-Based Journalism Startup Civil Relaunches Another ICO

The current bear market has brought many seemingly great projects to there knees without discrimination. The ICO market has also suffered and many startups failed before they were even able to get off the ground. One of those startups was Civil: A blockchain-based journalism platform that uses the powers lent by blockchain technology to produce investigative and trustworthy journalism that no longer had to rely on ads for revenue and allowed content consumers to vote…

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Microsoft is Getting into the ICO Game with Stratis Platform

Microsoft is Getting into the ICO Game with Stratis Platform

The current bear market has put a strain on every aspect of the crypto market, and perhaps especially ICOs as they’ve seen a sharp decline towards the end of 2018 as compared to the Jan-Mar time period of the same a year ago. However, another side story has been developing alongside the bear market which involves many of the world-renowned mainstream corporations and blockchain. Specifically, companies like Walmart, Samsung, IBM, and Amazon have been working…

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Kik Gears Up for a Legal Battle with the SEC over its 2017 ICO

Kik Gears Up for a Legal Battle with the SEC over its 2017 ICO

Kik Interactive, a Canadian messaging app company is getting ready for the legal battle with the SEC by bringing the Washington D.C. regulatory giant to court over a potential enforcement action against 2017 KIN token offering. Ted Livingston, CEO of Kik Interactive announced that the company would be launching a cryptocurrency, Kin, in September 2017 in a token distribution event (TDE) or ICO with an aim to raise $125 million. Kik raised nearly $100 million…

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