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Boxing superstar Floyd Mayweather and rap producer DJ Khaled face a legal battle for serving as celebrity endorsers to an initial coin offering (ICO) accused of fraud. The founders of the allegedly fraudulent ICO were arrested by American criminal authorities back in April. Also Read: The Daily: Goldman Sachs Invests in Wallet, Institutional Traders Borrow … Read more
There has been a fair bit of talk regarding Onecoin over the past few years. This notorious MLM scheme is widely considered to be a scam, even though its investors will gladly claim otherwise. To make things even more interesting, there is a Onecoin ICO taking place, even though this does not appear to be … Read more
The Financial Action Task Force has introduced changes to its anti-money laundering and terrorism financing rules covering digital currency-related firms Go to Source Powered by WPeMatico
The Bermudian government has licensed the first ICO in the country under a new regulatory regime introduced by the premier in July Go to Source Powered by WPeMatico
Mastercard and VISA have allegedly deemed crypto and ICO’s to be ‘high risk’. Is it true and, if yes, what would that mean? Go to Source Powered by WPeMatico
Almost two-thirds of those taking Malta’s Virtual Financial Asset (VFA) agent certification have failed, despite examiners’ last-minute changes to ease the marking scheme Go to Source Powered by WPeMatico
The former chairman of the United States Commodity Futures Trading Commission (CFTC), Gary Gensler, recently expressed his views on the regulation of cryptocurrency markets. Gensler emphasized his belief in the need for robust consumer protections, and also argued that the majority of initial coin offerings essentially comprise initial public offerings (IPOs). Also Read: Two US States … Read more
The U.S. states of Colorado and North Dakota have independently issued cease and desist orders against companies promoting initial coin offerings in their states. Their tokens are potentially fraudulent securities offerings, according to the two states’ securities commissions. One scheme promises a return of 10 percent per month and claims to be pegged to the … Read more
Civil, a blockchain startup that has partnered with Forbes and The Associated Press, failed to reach the $8 million minimum target it set for its initial coin offering this week, suggesting an end to the days when promoters simply had to hint at collaborations with established companies to woo investors. Also Read: Nouriel Roubini Attacks … Read more
US government agencies are actively cracking down on illicit offerings pertaining to cryptocurrencies. This week, another three projects were shut down through cease & desist letters. All of these projects are active in North Dakota, where the local Securities Department is keeping a close eye on these proceedings. #3 Crystal Token On the surface, Crystal … Read more