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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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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Korean Firm Discovers $130 Billion in Gold from Sunken Russian Battleship, Plans To Launch ICO

Shinil Group, a South Korea treasure-hunting company, has announced that it will launch an ICO after discovering worth $130 billion in gold from the wreckage of the Russian cruiser Dmitrii Donskoi. Dmitrii Donskoi was scuttled in 1905 after being severely damaged in the Russo-Japanese War. Since then, it has been ‘found’ many times in the past two decades. The post Korean Firm Discovers $130 Billion in Gold from Sunken Russian Battleship, Plans To Launch ICO appeared first on CCN

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ICO PR Stunt Turns Tragic after Guide Dies Scaling Mt. Everest

A promotional stunt for a Ukranian startup’s upcoming initial coin offering (ICO) turned tragic after a sherpa reportedly died while helping a group of climbers hide a cryptocurrency wallet at the summit of Mt. Everest. According to FT Alphaville, social networking startup ASKfm sponsored a promotion to hide a Ledger wallet containing 500,000 ASKfm tokens … Continued The post ICO PR Stunt Turns Tragic after Guide Dies Scaling Mt. Everest appeared first on CCN

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Telegram Takes Alleged Trademark Squatter to Court over Cryptocurrency Naming Rights

Encrypted messaging company Telegram has filed a trademark suit against a Florida company that also intends to create a cryptocurrency named “gram.” The suit, which was filed on May 11 in the San Francisco branch of the US District Court for the Northern District of California, alleges that Lantah LLC violated Telegram’s service mark rights The post Telegram Takes Alleged Trademark Squatter to Court over Cryptocurrency Naming Rights appeared first on CCN

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Major $3 Billion Discount Airline AirAsia Mulls ICO

Discount airline AirAsia is mulling an initial coin offering (ICO) to help finance its expansion into the financial services industry. $3 Billion Discount Airline AirAsia Mulls ICO Speaking with TechCrunch, AirAsia CEO Tony Fernandes laid out a plan for the $3 billion company to develop a proprietary cryptocurrency that could replace its current “Big Loyalty” The post Major $3 Billion Discount Airline AirAsia Mulls ICO appeared first on CCN

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Dutch Finance Minister Urges Multi-National Regulation Of Cryptocurrencies

Wopke Hoekstra, the Dutch Minister of Finance has notified the Senate and House of his plans to take action regarding the regulation of cryptocurrencies, which he claims are expanding and in need of better regulation. In a public letter, Hoekstra said he intends to work with other European nations on this issue, but he acknowledges The post Dutch Finance Minister Urges Multi-National Regulation Of Cryptocurrencies appeared first on CCN

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Crypto Exchange Bittrex: We’re Compliant With SEC’s ICO Rules

US-based cryptocurrency exchange Bittrex says that it is compliant with federal regulations governing securities trading. The exchange, which is headquartered in Seattle, issued a statement on Wednesday assuring its customers that its token review process is compliant with rules that prohibit companies from creating trading markets for unregistered securities. Bittrex said: “As a U.S.-based digital The post Crypto Exchange Bittrex: We’re Compliant With SEC’s ICO Rules appeared first on CCN

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