Statistics Show Nearly 81% of ICOs Eventually Become Scams

Initial coin offerings are often considered to be the holy grail for blockchain projects. This business model allows anyone with an innovative idea to potentially raise millions of dollars. Unfortunately, the overall ICO statistics are anything but impressive in this industry right now. The ICO Industry is Still Troubled While most people will readily agree … Read more

Twitter Confirms Restrictions on ICOs and Cryptocurrency Token Sale Ads

Twitter has confirmed the reports from earlier this month that it will ban ads for Initial Coin Offerings (ICOs) all around the world. From now on any project that is conducting a token sale will only be allowed to run ads on the social network if it can prove it is legally regulated in the … Read more

Forget the Whitepaper: What ICO Investors Should Really Look For

There are now approximately 12 ICOs passing every day. So when one is choosing among them, it’s important to bear in mind that with so many companies wanting to make collections of funds, some will actually be a scam, others might have good intentions but prove unsuccessful, and some will have the chance to succeed. … Read more

Israel Officially Declares Bitcoin Is Not a Security

Israel Securities Authority (ISA) Committee for the Examination and Regulation of Initial Coin Offerings (ICOs) issued a series of “recommendations designed to dispel uncertainty and strike a balance between technological innovation and the protection of the investors.” Included in their findings were whether cryptocurrencies such as bitcoin are considered securities – a decision carrying major … Read more

Belarus Adopts Crypto Accounting Standard

Days before legalizing crypto activities, Belarus has adopted a new accounting standard that deals with cryptocurrencies. It classifies digital tokens according to their acquisition and intended use. The document defines the information companies will be required to share with authorities. The presidential decree regulating the crypto sector comes into force on March 28. Also read: … Read more

ICOs Are Keeping More of the Pie to Themselves

With diminishing returns, increased demand, and pre-sales muscling out public sales, profiting from ICOs in 2018 is a tall order. Just to add to investors’ woes, the percentage of tokens allocated for public sale is also on the decline. On average, ICOs now keep more of the pie to themselves and dole out increasingly slender … Read more

How Legitimate Blockchain Companies Can Repair ICOs’ Negative Image

With Vitalik Buterin declaring that 90 percent of all ICOs will fail, investors are feeling far from confident. In an unregulated landscape peppered with scam artists, hackers, and evil deeds, it’s no wonder the ICO fundraising mechanism has gotten a bad rap. EY research shows that over 10 percent of all ICO funds have been stolen so … Read more

Swiss Officials Fear ICOs Will Tarnish Reputation of ‘Crypto Valley’ Zug

Cryptocurrency foundations, community organizations, and entrepreneurs have helped put the lightly populated Swiss canton of Zug on the business world’s map. While the local administration has created one of the most welcoming environments for the industry, some voices fear possible negative repercussions such as bad press and an American regulatory backlash. Also Read: Survey Says … Read more

Bill “On Digital Assets” Filed in the Duma, Disagreements Resolved

The draft-law “On digital financial assets” aimed at regulating crypto-related matters in Russia has been officially filed in the State Duma on Tuesday. Disagreements between the Central Bank and the Ministry of Finance have been resolved, according to Deputy Finance Minister Alexei Moiseev. The CBR will have the final say in regards to the circulation … Read more