The largest ICO on record, that managed to raise approximately $4.1 billion in a sale lasting around a year, is still facing regulatory issues in the United States, with several class-action lawsuits claiming that Block.one (the company behind the EOS token) had been selling unregistered securities. The Tezos ICO lawsuit
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A class-action lawsuit initiated by Block & Leviton law firm against the Tezos Foundation is very likely to end in August with a settlement. Tezos (XTZ) is currently one of the most promising altcoins, with approximately $1.7 billion in market capitalization. This multi-purpose platform supporting decentralized applications and smart contracts
The blockchain-based startups had constantly been looking for ways to raise funding from investors and during the past three years we’ve seen the rise of ICOs, IEOs, and STOs. Each led flows into new cryptocurrencies, but eventually prove to come with several weaknesses. A new trend is about to emerge
Unregistered ICOs continue to have a hard time in the United States, as the Securities and Exchange Commission continue to punish companies that have violated the Securities Law. On May 28th, the blockchain services company BitClave PTD Ltd, headquartered in San Jose, California, had been charged for a $25 million
A lot of questions are circling around big ICO projects and thus far, no company had proven to be above the law. After we’ve seen how Telegram was struggling with the SEC to prove it did not violate the Securities Law, it’s time for Block.one, the company behind the EOS
Blockchain-based startups in the United Kingdom had already started to use old funding methods as the ICO industry continues to be in a structural decline. Some of the latest reports are pointing out the ICO funding in 2019 dropped by a whopping 71%, with ICOs managing to raise only 200
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
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
