coinbase Crypto ICO regulation sec 

Social Media Influencers Who Promoted Crypto ICOs

CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. The U.S. Securities and Exchange Commission (SEC) is actively cracking down on crypto initial coin offering (ICO) projects and a top official said earlier this year that dozens of cases are pending. The next wave of enforcement by the SEC, stimulated by its recent settlement with professional boxer Floyd Mayweather and music producer DJ Khaled, is expected to be on social media influencers who have promoted ICOs to the general…

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ICO ICO News portugal Sporting´ 

Cash-Strapped Portuguese Football Giant Sporting Ponders ICO

Twitter Facebook LinkedIn 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 organization is currently pondering the option, although there’s still “nothing concrete” on the subject. He was quoted as saying: “We are looking closely at an ICO. We’re having meetings about it. There…

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Airfox Blockchain News ICO Jake Chervinsky Paragon sec 

Phase Two of SEC’s Enforcement is Slow Painful Grind For Crypto

Twitter Facebook LinkedIn According to Kobre & Kim government enforcement defense and securities litigation attorney Jake Chervinsky, the second phase of the US Securities and Exchange Commission (SEC)’s enforcement on crypto is a painful and slow grind for the sector. Earlier this week, the US SEC cracked down on Paragon and AirFox, two initial coin offering (ICO) projects that raised $12 million and $15 million respectively in two different areas of the crypto market. The SEC is said to have targeted EtherDelta, Paragon, and AirFox as guidance settlements and to…

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ADX blockchain Blockchain News ICO 

Abu Dhabi Bourse Issues Thought Paper as It Eyes Crypto Transition

Twitter Facebook LinkedIn Abi Dhabi Securities Exchange (ADX) on Tuesday issued a paper on crypto and distributed ledger infrastructure, Emirates News Agency reported. The “thought paper,” according to the $135 billion Bourse, identifies the technical and operational standards required to issue crypto-assets. It specifically assists financial institutions that are undergoing a transition from conventional asset issuance to more encrypted asset issuance. Rashed Al Blooshi, Chief Executive of ADX, confirmed that their latest announcement has appeared in response to the growing development of blockchain infrastructure in the region. He acknowledged how their…

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Altcoin News Ethereum News ICO ICO News LakeDiamond Swissquote 

Swiss Bank Helps Clients Participate in ICOs

Here’s something we don’t hear every day: a Swiss bank has opted to enable its clients to participate in initial coin offerings easily. The bank, Swissquote, has previously allowed customers to trade in cryptos. This is, to say the least, an unusual service for a fiat banking institution. Additionally, Swissquote offers traditional FOREX trading and the range of services that traditional banks offer. LakeDiamond ICO The first ICO to be offered as an investment option on the banking platform is LakeDiamond, a lab-grown diamond company which is raising funds to…

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BitMEX Ether Ethereum News ICO ICO News 

Did ICOs Cause Ethereum to Drop by 44% in 2 Weeks by Dumping on the Market?

Within a period of two weeks, from August 1 to August 14, the price of Ether, the native cryptocurrency of the Ethereum network, dropped by 44 percent. In 14 days, the price of Ethereum plummeted from $470 to $260, reaching its lowest point in 2018 by falling below the $300 mark for the first time since early November, 2017. The entire cryptocurrency market experienced a steep decline in valuation, losing nearly $150 billion of its valuation in a month. But, Ether, which performed particularly well against the US dollar amongst…

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ICO ICO News ICORating 

ICOs Raise $8.3 Billion Last Quarter, and Most of them Were Abject Failures

Over half of all initial coin offering (ICO) projects failed to complete their crowdfunding in the second quarter of 2018, revealed cryptocurrency data firm ICORating in its latest report. ICOs Raised a Record $8.3 Billion in Q2, But Most Missed Their Targets The independent ICO analysis portal found that 55% of the ICOs failed in Q2 2018. That is 5% more than the number of failed ICO projects recorded in Q1 2018. Nevertheless, money continued to flow in the ICO projects as a whole, raising from $3.3 billion in the first quarter of 2018…

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Blockchain News ICO ICO News KickCoin KICKICO 

Another ICO Hacked, KICKICO Loses $8 Million After Smart Contract Breach

KICKICO, an initial coin offering (ICO) project launched on top of the Ethereum blockchain protocol, was hacked on July 27, losing more than 70 million KICK worth $7.7 million. Smart Contract Breach Dissimilar to most cryptocurrency, blockchain network, and token hacking attempts, the security breach of KICKICO was unique in that the hackers were able to gain direct access to the smart contract of the KICKICO blockchain network by obtaining the private key of the KickCoin smart contract. During the period in which the hackers had complete access to the…

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