The founders of Dropil, a crypto automation developer, had been recently charged by the United States Securities and Exchange Commission for raising funds illegally. Their initial coin offering (ICO) for the DROP token worth $1.8 million had been unregistered, as should have been done according to the Securities Act. These
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The COVID-19 pandemic could turn out to be an opportunity for fraudsters to steal money and to launder it through the cryptocurrency market according to the Federal Bureau of Investigation (FBI). A surge in coronavirus-related crypto scams at a global scale is expected by the intelligence agency, being able to
Regulatory issues in the United States for the second-largest ICO continue and on March 25th a US Federal Court rules in favor of a temporary restraining order. That’s a great hit for ICO participants, given that they will be blocked from receiving their Gram tokens. We’ve already spoken about the
Brad Garlinghouse, the CEO of Ripple Labs, the US-based company behind Ripple (XRP) had spread the idea of IPOs (Initial Public Offerings) for blockchain-based projects. During a two-hour interview with the Wall Street Journal in Davos, he reportedly talked on the matter, according to Asheesh Birla, Ripple’s Senior Vice President
The blockchain startup Enigma has reached a settlement with the United States Securities and Exchange Commission over an ICO is conducted back in 2017, for building a digital asset trade-testing platform and a marketplace for data. The startups based in Israel and the US managed to raise approximately $45 million
After a fruitful 2019, when IEOs managed to raise approximately $262 million only in the second quarter, BitBay, one of the top European crypto exchange platforms joins the industry. The first IEO ever to be advertised will be QAN, a project claiming to be the first quantum-resistant smart contract platform.
On December 4th, the 11th IEO conducted on Binance’s Launchpad ended successfully and this time Troy was the lucky project who managed to raise all the expected funding. This was the 8th token sale conducted under the lottery rules and during the session, 800 million TROY tokens had been sold.
The hunt for illegal continues in the United States and this time it was the turn of a Delaware-registered blockchain firm to be charged by a New York court. Like most of the other ICOs charged in a similar way, the company conducted an illegal security issuance and now has
The leading global disruptor of blockchain-enabled management and tracking of supply chains founded in 2015 continues to reach new milestone after the new Series A funding round ended with great results. Everledger, the company who started to use blockchain technology for tracking diamonds in May 2018, is one of the
Investors continue to have interest in blockchain-based startups and confirmation for that is the Foundation of Interwallet Operability’s (FIO) Usability protocol, which had managed to raise a substantial amount during the series A round of funding. As we’ve talked recently, ICOs managed to raise approximately $2 billion during the first
