ico-ieo

SEC charges yet another firm over unregistered ICO

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 […]
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Jan 22, 2020, 12:05PM UTC

After SEC settlements, 3 firms have missed deadlines to repay investors or register tokens as securities

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 […]
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Nov 15, 2019, 6:44PM UTC

Moshe Hogeg’s media venture BlockTV hoping to raise $2M via token listing on Bittrex

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 […]
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Nov 11, 2019, 7:45AM UTC

Little-known Asian crypto exchange VinDAX got hacked; lost ‘half a million USD’ worth of tokens

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 […]
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Nov 8, 2019, 10:35AM UTC

DeFi project Kava looking to raise $3M via IEO on Binance Launchpad

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 […]
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Oct 16, 2019, 11:11AM UTC

What the Block.one SEC settlement in the EOS ICO sale means (and doesn't)

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 […]
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Oct 1, 2019, 2:43PM UTC

Don't ask for permission, hire good lawyers and then ask for forgiveness

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, […]
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Oct 1, 2019, 9:35AM UTC

Early Ethereum advisor Steven Nerayoff arrested in alleged multi-million dollar cryptocurrency extortion scheme

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 […]
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Sep 18, 2019, 11:15PM UTC

Coinbase could soon launch an IEO platform

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 […]
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Sep 11, 2019, 7:35AM UTC

Former ConsenSys Ventures head joins blockchain project to revive security token offerings

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 […]
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Aug 30, 2019, 5:27PM UTC

Political action committee BitPAC launching ICO to support US House candidates

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, […]
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Aug 28, 2019, 9:50AM UTC

Coincheck plans to launch IEO platform to help firms raise funds via utility tokens

Japanese cryptocurrency exchange Coincheck, which suffered a $530 million hack last year, is considering launching an initial exchange offering (IEO) platform to help firms raise funds via utility tokens. IEO, as a form of raising funds, is gaining attention, Coincheck said Thursday, adding that it will target companies and projects that already have content and […]
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Aug 22, 2019, 10:15AM UTC

Two ‘fraudulent’ ICOs hit with cease-and-desist in New Jersey

New Jersey’s securities watchdog has issued cease-and-desist orders against two “fraudulent” initial coin offerings (ICOs) that promoted “unregistered” securities in the state. The two ICOs – Zoptax and Unocall – violated laws and made materially false and misleading statements in connection to their offerings, said the New Jersey Bureau of Securities, on Wednesday. Zoptax was […]
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Aug 8, 2019, 7:00AM UTC