Tag Archives: ICO

Former CFTC Chairman Gary Gensler: ICOs Should be Considered Securities

Former CFTC Chairman Gary Gensler: ICOs Should be Considered Securities

Former chairman of the U.S. Commodity Futures Trading Commission (CFTC), Gary Gensler said that most tokens sold through Initial Coin Offerings (ICOs) should be classified as securities, Bloomberg reported Oct. 15. Should cryptocurrencies be considered securities, they would fall under the regulatory purview of the U.S. Securities and Exchange Commission (SEC). Issuers of coins would have to comply with certain laws, […]

SEC Asks Court to Enforce Subpoena in ICO Inquiry

SEC Asks Court to Enforce Subpoena in ICO Inquiry

The Securities and Exchange Commission said Tuesday that it has asked a U.S. district court to enforce a subpoena as part of a probe into alleged pump-and-dump tactics that involved claims of a $100 million initial coin offering (ICO). According to the October 9 statement, officials at the U.S. regulator are investigating Saint James Holding and Investment […]

Indiegogo’s First Security Token ICO Raised $18 Million

Indiegogo’s First Security Token ICO Raised $18 Million

The owner-operator of the St. Regis Aspen Resort has concluded its security token offering (STO), raising $18 million in the first equity ICO hosted on the Indiegogo platform. Asset management firm Elevated Returns, the owner of St. Regis Aspen, on Tuesday announced that accredited investors had purchased all $18 million worth of Aspen Coins made available through […]

BitMEX Research: ICOs Have Sold ‘Almost All’ Ether (ETH) They Raised, Also ‘Sitting On Unrealized Gains’

BitMEX Research: ICOs Have Sold ‘Almost All’ Ether (ETH) They Raised, Also ‘Sitting On Unrealized Gains’

BitMEX Research, the research arm of cryptocurrency derivatives trading platform BitMEX, recently published its findings on “Ethereum Holdings In the Initial Coin Offerings (ICOs) Treasury Accounts.” The research paper’s abstract notes that BitMEX worked with UK-based crypto asset intelligence firm, TokenAnalyst, to determine the amount of Ether (ETH) raised and the “gains and losses” incurred by ICO startups […]

Cryptocurrency Prices Will “Slowly Recover” Due to “Real Utility,” Blockchain Professional Says

Cryptocurrency Prices Will “Slowly Recover” Due to “Real Utility,” Blockchain Professional Says

Josh Fraser, co-founder at Origin Protocol, an Ethereum-based peer-to-peer (P2P) solution for enabling economic transactions without intermediaries, recently told MarketWatch he thinks cryptocurrency prices will “slowly recover.” Fraser explained in an email to the financial information website that the “shift towards development” will “see real utility, versus speculation” in the volatile crypto ecosystem. The Clemson University computer science graduate wrote […]

Dubai Police Chief: Digital Currency Will ‘Soon Replace’ Cash Despite Hurdles

Dubai Police Chief: Digital Currency Will ‘Soon Replace’ Cash Despite Hurdles

A senior Dubai law enforcement official has predicted that digital currency will “soon” usurp cash, local news outlet Khaleej Times reported Sunday, September 16. Speaking during a panel he was heading, Lt-Gen Dhahi Khalfan Tamim, deputy chairman of the Dubai Police and head of general security in Dubai, said that hurdles to digital currency becoming mainstream remained in lack of public […]

BitPay Exec: Bitcoin Will Bounce Back, Not So Sure About ICO Market

BitPay Exec: Bitcoin Will Bounce Back, Not So Sure About ICO Market

An executive at cryptocurrency payment service BitPay has stated that he believes Bitcoin is far from dead. Sonny Singh is much less optimistic about the future of the altcoin and ICO markets, however. Lots of Potential Catalysts for Another Bull Run for Bitcoin Every time the cryptocurrency market takes a nosedive, those who do not […]

John McAfee Bound for Malta Blockchain Summit

John McAfee Bound for Malta Blockchain Summit

Malta has recently earned the name ‘Blockchain Island’, being the first jurisdiction in the world to adopt blockchain regulations. The island has already attracted the two largest crypto exchanges, Binance and OKEx, and most recently ZB, now opening offices in the rising crypto hub. The massive scale of the Malta Blockchain Summit is a reflection of […]