The SEC Pulls the Plug on the Sale of Telegram Open Network’s Gram Token

The SEC Pulls the Plug on the Sale of Telegram Open Network’s Gram Token

We may have to wait longer for the ‘world’s most anticipated token,’ as its website claims. The SEC has officially ordered Telegram to ground the initial coin offering (ICO) of its highly anticipated blockchain project, Telegram Open Network (TON) . The revelation of Facebook’s digital currency Libra brought about a deep awakening among big tech companies – including social media platforms. One of such big names to catch the bug and perhaps accelerate its crypto…

Read More

Block.one, EOS Creator, Slapped with $24 Million Fine for Unlicensed ICO

Block.one, EOS Creator, Slapped with $24 Million Fine for Unlicensed ICO

Wrapping off the month of September, the United States Securities and Exchange Commission (SEC) revealed to the general public that the prominent blockchain-based firm Block.one, the creator of the cryptocurrency EOS (EOS)trade, has been in the business of selling unregistered tokens for a year in 2017-2018. According to the SEC’s order, the cryptocurrency company Block.one was nabbed by the regulator’s Cyber Unit. The order states that Block.one willfully ignored the SEC’s rule of registering every…

Read More

The SEC Sues ICO Platform ICOBox for Violating Federal Securities Laws

The SEC Sues ICO Platform ICOBox for Violating Federal Securities Laws

According to a press release on September 18, the U.S. SEC has taken legal actions against a blockchain and crypto company called ICOBox and its founder Nikolay Evdokimov for illegally distributing $14 million worth of the company’s digital token and operating as an unregistered broker for other digital asset offerings. The United States District Court for the Central District of California has ordered to conduct the investigation which was led by Brent W. Wilner and…

Read More

Initial Price of Telegram’s Gram Will Be 3X than in 2018 ICO

Initial Price of Telegram’s Gram Will Be 3X than in 2018 ICO

One of the messaging giants Telegram is on its way to bring the public issue of its Gram token at some point in October 2019. The proposed sale will kick start on 10th of July through Japanese cryptocurrency exchange Liquid. Bloomberg reports that Gram Asia will sell rights to its Gram holdings at $4.00 per token, which is three times as much as the original $1.33 ICO sale price in 2018. This clearly indicates that…

Read More

“Totally Different”: McAfee Freedom Coin Will Not Be Minable and Will Not Include ICO

“Totally Different”: McAfee Freedom Coin Will Not Be Minable and Will Not Include ICO

Antivirus software pioneer John McAfee has recently come into the crypto limelight (again) for an announcement he made on Twitter. The famous ‘crypto freedom lover’ John McAfee tweeted his plan to launch a digital coin which, according to him, will be totally different from other cryptocurrencies and that it will also bears his name, “McAfee Freedom Coin.” In the crypto community, McAfee is known for his optimistic views of Bitcoin and other cryptocurrencies. Previously, he…

Read More

Kin (Parent of Kik App) Crowdfunds $5 Million in Crypto to Help its Fight Against the SEC

Kin (Parent of Kik App) Crowdfunds $5 Million in Crypto to Help its Fight Against the SEC

Kik, a Canada-based messaging app firm, has launched a crowdfunding campaign to raise $5 million in cryptocurrencies to help with its upcoming court battle with the U.S. Securities and Exchange Commission (SEC). Kin, the parent company of Kik, raised $100 million USD during the Kik messaging app ICO; the firm is now launching a Defend Crypto Fund to protect against a potential SEC enforcement due to that ICO. The crowdfund was announced Tuesday on the…

Read More

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…

Read More

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…

Read More

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…

Read More

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…

Read More
1 2 3