A new lawsuit in San Mateo County Superior Court by 1World Online Inc. against Blockchain Generation seeks damages for the breach of a so-called "Token Barter Agreement."
South Korean crypto startup Contents Protocol Team, which raised a total of 29,334 ETH (~$8.15 million in today's prices) via initial coin offering or ICO, is shutting down and refunding investors.
The U.S. Securities and Exchange Commission (SEC) has charged blockchain firm Opporty International and its founder Sergii “Sergey” Grybniak for conducting an unregistered initial coin offering (ICO). The SEC announced Tuesday that Opporty and Grybniak raised around $600,000 from nearly 200 investors by selling unregistered securities in the form of “OPP Tokens” during 2017-2018. They […]
Cryptocurrency firm Shopin and its CEO Eran Eyal have been charged by the U.S. Securities and Exchange Commission (SEC) for allegedly defrauding hundreds of investors in a $42 million initial coin offering (ICO). According to the allegation, Eyal and his company sold Shopin Tokens in an unregistered securities offering from August 2017 to April 2018, […]
Hex is a new project described on its website as a the “the first high interest blockchain certificate of deposit.” If you have Bitcoin you can claim “free Hex” by “staking” your bitcoin (signing a transaction with your private key to prove it’s yours). If you own ether, you can send it to an Ethereum […]
Link to lawsuit A new 8 count federal court lawsuit in Seattle names Stox Technologies and Moshe Hogeg as defendants. Plaintiff claims that he purchased Stox Tokens in reliance on statements made in the Stox whitepaper but was damaged to the tune of $435,000 when the Defendants flooded the market with Stox tokens, “causing a drastic […]
After reaching settlements with the Securities and Exchange Commission (SEC), two Initial Coin Offering (ICO) projects have failed to meet the initial deadline to repay investors, while a third delayed registering its tokens as securities, per a Wall Street Journal report. Blockchain projects Airfox and Paragon, which were sued by the SEC over unregistered ICOs […]
BlockTV, a media venture of controversial Israeli blockchain entrepreneur Moshe Hogeg, is hoping to raise $2 million via a token listing on cryptocurrency exchange Bittrex Global. BlockTV’s owner Alignment Media is part of the Alignment Group, which is fully owned by Hogeg’s venture capital fund Singulariteam, Globes reported Sunday. Alignment Media will manage the token […]
Vietnam-based little-known cryptocurrency exchange VinDAX has been hacked, losing “half a million USD” worth of cryptocurrencies, The Block has learned. An admin of VinDAX’s official Telegram channel, with the handle “@VinDAXSupport” confirmed to The Block on Friday that it is “true” that the exchange got hacked and lost cryptocurrencies worth the amount. They said the […]
What’s in a name? Is a listing fee by any other name still a listing fee? Maybe not, according to two cryptocurrency companies. As per a recent filing, Blockstack paid cryptocurrency exchange Binance 833,333 STX tokens (~$250,000) to list its Stacks token on the venue. Binance is the first marketplace to support trading of Stacks. […]
Kava Labs, a decentralized finance (DeFi) project that offers collateralized loans and a stablecoin, is looking to raise $3 million via an initial exchange offering (IEO) on Binance Launchpad, the exchange’s token sale platform. The IEO opens on Oct. 23, at an issue price of $0.46 per KAVA token, according to information on the Binance […]
Telegram has responded to a recent court order by the Securities Exchange Commission in a letter to investors in its token sale. According to a letter reviewed by The Block, the messaging app told its token investors that they are “surprised and disappointed that the SEC chose to file the lawsuit.” The SEC claims the […]
Some days it’s hard to keep up with the onslaught and speed of news, amplified by Twitter and instant global communication. I’m thinking in particular of the SEC’s Block.one settlement, which when released yesterday late afternoon was analyzed, dissected and commented on around the world within the hour and overnight. As one would expect, some […]
The SEC announced yesterday that it has settled charges against Block.one, the issuer of EOS, for conducting an unregistered ICO in 2017–2018. After allegedly raising $4.1 billion, the firm has agreed to pay a $24 million penalty for selling unregistered securities. That’s a slap on the wrist — only 0.6% of the total raise. In a statement, […]
Steven Nerayoff, a technology entrepreneur involved with Ethereum, CasperLabs, tZero and dozens of other initial coin offerings (ICOs) and cryptocurrency projects, was arrested today along with Michael Hlady on charges of extortion. The U.S. Attorney for the Eastern District of New York and the FBI’s New York Field Office jointly announced the charges. The two […]
U.S.-based cryptocurrency exchange Coinbase is evaluating the launch of an initial exchange offering (IEO) platform in the near future. Kayvon Pirestani, head of institutional sales in Asia at Coinbase, revealed the news at Invest: Asia conference on Wednesday, saying: “We think there’s a really interesting opportunity there for Coinbase.” “In a nutshell, Coinbase is carefully […]
Former ConsenSys Ventures head Kavita Gupta has joined a blockchain project looking to breathe new life into the lethargic security token market, betting its offering will provide an alternative to the initial public offering process. Gupta will chair Dusk Network’s non-executive board. The Amsterdam-based firm developed a permissionless blockchain for companies to tokenize their equity […]
BitPAC, a political action committee (PAC), is conducting an initial coin offering (ICO) to support candidates for public office. The committee will issue “politicoin” tokens, Dan Backer, founder of BitPAC, told CoinDesk in a report published on Wednesday. “It’s a utility token, not a thing of value. I don’t care if people want to buy, […]