Ban Hammer Remains: South Korea’s Financial Services Commission Refuses to Lift ICO Ban

The ban on initial coin offerings in South Korea will stay, the country’s financial regulator has said in a statement. The decision by the South Korean Financial Services Commission (FSC) follows a survey which the regulator commissioned. Among the findings of the survey include the fact that some ICO projects misrepresented themselves. For instance, some had claimed to be fundraising abroad but they went on to involve South Koreans. Dirty Tricks Employed to Evade ICO Ban According to the FSC, the projects did this by registering in Singapore in order…

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Dallas Crypto Startup Ordered to Repay Investors $2.7 Million on Defrauding Charges

The Dallas-based crypto startup AriseBank has been ordered to repay investors to the tune of $2.7 million to fix allegations that the firm was defrauding their investors. Authorities have finally put an end to the ongoing AriseBank saga that has been hanging over the heads of the startup’s founders Stanley Ford and Jared Rice for The post Dallas Crypto Startup Ordered to Repay Investors $2.7 Million on Defrauding Charges appeared first on CCN

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ICO Death March? November Inflows Fall to $65M From Yearly High of $2.6 Billion

The latest statistics on initial coin offerings suggest that the best days of the fundraising mechanism may have long passed. According to digital assets newsletter Diar, the month of November recorded the lowest inflows into initial coin offerings (ICOs) in 2018. With US$65 million raised last month, this was in sharp contrast to this year’s … Continued The post ICO Death March? November Inflows Fall to $65M From Yearly High of $2.6 Billion appeared first on CCN

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Analyst: Crypto ICOs in Crisis, Running Out of Money With No Products

In the bull market of 2018, initial coin offering (ICO) projects in the crypto market raised tens of millions of dollars on average from investors in the public market to create decentralized applications (dApps) and systems. Fast forward 12 months, most of the ICO projects that currently exist in the sector have either have no The post Analyst: Crypto ICOs in Crisis, Running Out of Money With No Products appeared first on CCN

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Congress’s Biggest Bitcoin Bull is Finalizing Bill to Exempt ICOs from Securities Laws

Republican Congressman Warren Davidson, an avowed bitcoin adn blockchain fan, plans to introduce federal legislation that will regulate initial coin offerings (ICO) and cryptocurrencies. The bill would create an “asset class” for tokens, which would prevent them from “being classified as securities, but would also allow the federal government to regulate initial coin offerings more The post Congress’s Biggest Bitcoin Bull is Finalizing Bill to Exempt ICOs from Securities Laws appeared first on CCN

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Cash-Strapped Portuguese Football Giant Sporting Ponders ICO

Sporting Clube de Portugal (SCP), a popular Portuguese football club, is reportedly considering launching an initial coin offering (ICO) as an alternative way to raise funds, at a time in which it’s struggling to raise them through a bond issue. According to local news outlet Dinheiro Vivo, the club’s vice-president Francisco Salgado Zenha claimed the The post Cash-Strapped Portuguese Football Giant Sporting Ponders ICO appeared first on CCN

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86% of ICO Tokens Now Worth Less than Initial Cryptocurrency Exchange Listing Price

Global professional services firm Ernst & Young (EY) has released a report on the performance of ICOs over the last year, and in keeping with the bear market for cryptocurrency assets, the trend was predictably downward. Just 10 Tokens Count for 99% of All ICO Gains EY released a report on ICOs back in December 2017, The post 86% of ICO Tokens Now Worth Less than Initial Cryptocurrency Exchange Listing Price appeared first on CCN

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Opinion | What is a Security Token Offering (STO) and Why You Need an Advisor

About the Author: Jaron Lukasiewicz is the CEO and founder of Influential Capital. Jaron has been an executive in the industry since 2012, previously serving as CEO of Coinsetter, one of the first bitcoin exchanges in the US, and Cavirtex, a leading exchange in Canada. Both companies were acquired by Kraken in 2016. He runs a YouTube channel The post Opinion | What is a Security Token Offering (STO) and Why You Need an Advisor appeared first on CCN

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