initial coin offering – DIGIT INFO

SEC sends reparations to BitClave ICO investors

DIGIT — Wed, 20 Nov 2024 21:00:22 +0000

The payment is part of a settlement BitClave agreed to pay in 2020 after the SEC charged the search engine for failing to register as a securities offering.

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Ethereum ICO participant dumps 3,000 ETH for $7.6M cash out

DIGIT — Thu, 24 Oct 2024 12:16:27 +0000

After selling 10,000 ETH in the past few months, the Ethereum ICO participant still has 37,000 ETH to cash out.

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SEC wins case against defunct crypto firm over $18M ICO

DIGIT — Tue, 01 Oct 2024 02:44:15 +0000

A US federal judge found Rivetz and its CEO Steven Sprague sold unregistered securities when it offered an Ethereum-based token in 2017.

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SEC files charges against Quantstamp for $28M initial coin offering

DIGIT — Wed, 26 Jul 2023 13:55:31 +0000

Quantstamp agreed to settle charges and will repay proceeds from its 2017 ICO that raised $28 million.

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Gary Gensler links crypto with cash in viral 2018 video — Crypto Twitter reacts

DIGIT — Wed, 26 Apr 2023 06:54:59 +0000

The 2018 MIT professor Gary Gensler didn’t think most ICOs triggered U.S. securities laws.

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

DIGIT — Mon, 07 Nov 2022 21:00:29 +0000

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 Charges Australian ‘Man Behind the Machine’ in $41M Crypto Fraud Scheme

DIGIT — Sun, 09 Jan 2022 04:30:56 +0000

The U.S. Securities and Exchange Commission (SEC) has charged an Australian citizen who called himself the “Man behind the Machine” in a fraudulent crypto scheme that raised almost $41 million. He and his companies made “materially false and misleading statements in connection with an unregistered offer and sale of digital asset securities.” ‘Man Behind the […]

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US SEC Charges Man With Defrauding Crypto Investors in Two Digital Asset Securities Offerings

DIGIT — Sat, 04 Dec 2021 23:30:40 +0000

The U.S. Securities and Exchange Commission (SEC) has charged a citizen of Latvia with defrauding investors in two crypto offerings. The fraudster “used fake names, fictitious entities, and fraudulent profiles to perpetrate his schemes, and misappropriated nearly all of the investor funds that were raised.” Two Fraudulent Crypto Schemes The SEC announced Thursday that it […]

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US Regulator Accuses Lbry Project of Selling Unregistered Securities, CEO Denies Charges

DIGIT — Thu, 08 Apr 2021 17:30:36 +0000

The Securities and Exchange Commission (SEC) has filed a complaint against the blockchain-based file-sharing and payment network called Lbry last week, as the U.S. regulator has accused the company Lbry Inc. of selling unregistered securities. However, the CEO of Lbry denies the project’s native tokens are securities and says the SEC’s logic will put a […]

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UK Cryptocurrency Firms Turn to Equity Funding as ICO Coffers Plunge 70%

DIGIT — Sat, 02 May 2020 01:28:30 +0000

UK cryptocurrency and blockchain startups are turning focus back to conventional means of raising capital, as initial coin offering (ICO) coffers dry up. According to a new report, initial coin offering (ICO) funding last year plunged 71% to £200 million ($250 million) from £700 million ($875 million) a year earlier. By comparison, equity funding provided […]

The post UK Cryptocurrency Firms Turn to Equity Funding as ICO Coffers Plunge 70% appeared first on Bitcoin News.

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