SEC Charges Gig Economy Platform for $2.6 Million Unregistered Coin Offering

SEC Charges Gig Economy Platform for $2.6 Million Unregistered Coin OfferingThe U.S. Securities and Exchange Commission (SEC) has charged Thor Technologies and its co-founders with conducting an unregistered securities offering. In 2018, the company minted and sold tokens to raise funds for its ‘gig economy platform,’ the development of which had not even started at the time. U.S. Securities Regulator Accuses Thor Technologies’ Management of […]

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New Hampshire Court Sides With SEC in Lawsuit Against LBRY, Project’s Team Says Loss Sets a ‘Dangerous Precedent’

New Hampshire Court Sides With SEC in Lawsuit Against LBRY, Project's Team Says Loss Sets a 'Dangerous Precedent'The U.S. Securities and Exchange Commission (SEC) has won a court case against the blockchain-powered publishing platform LBRY. According to a New Hampshire district court ruling, Judge Paul Barbadoro agreed with SEC that the project’s native asset LBC was considered an investment contract or a transferable share representing a certificate of interest. On Twitter, LBRY […]

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SEC Fines John McAfee’s Associate $375K in Penalties for ICO Promotions

SEC Fines John McAfee's Associate $375K in Penalties for ICO PromotionsAccording to a Securities and Exchange Commission (SEC) judgment, Jimmy Gale Watson, a former associate of the now deceased John McAfee, has been fined for being paid to promote pump and dump-fashioned initial coin offerings (ICOs). The SEC has ruled that Watson must pay roughly $375K in penalties and he’s not allowed to participate in […]

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