initial coin offerings – DIGIT INFO

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

DIGIT — Sat, 16 Jul 2022 20:00:37 +0000

According 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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78 Days: Measuring the Extended Crypto Market Downturn Against Prior Bear Markets

DIGIT — Thu, 27 Jan 2022 17:30:21 +0000

The crypto economy has shed enormous value over the last three months and the leading crypto asset bitcoin is down more than 46% since it’s all-time high (ATH) at $69,044 per unit. The same can be said for a great number of digital currencies as the so-called crypto bear market has lasted 78 days so […]

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Presidential Candidate Brock Pierce Served With Lawsuit for Alleged ICO Fraud

DIGIT — Wed, 16 Sep 2020 00:15:43 +0000

Former Disney child actor and U.S. Presidential candidate, Brock Pierce, was served with a lawsuit during a political campaign event held on Monday. The class-action lawsuit was filed in May and it claims the defendants, including Pierce, sold unregistered securities during the EOS initial coin offering (ICO). Last May, a class-action lawsuit on behalf of […]

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Mike Bloomberg’s 2020 Finance Policy Proposes Strict Bitcoin Regulations

DIGIT — Wed, 19 Feb 2020 00:10:41 +0000

The 2020 U.S. Presidential candidate Michael Bloomberg addressed the subject of cryptocurrencies and initial coin offerings (ICO) in his recently published Financial Reform Policy. Bloomberg wants more “regulatory oversight” when it comes to this promising technology, claiming he sees “plenty of hype, fraud and criminal activity.” Also read: Bitcoin, Tesla Stock, Tron: How Warren Buffett […]

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Bank of Lithuania Issues Guidelines on Security Token Offerings

DIGIT — Sat, 26 Oct 2019 12:05:57 +0000

Recognizing that businesses are seeking alternative ways to raise capital other than bank lending, the Bank of Lithuania has issued new guidelines on security token offerings. The goal is to clarify applicable rules without introducing more regulations. Also read: Mario Draghi Leaves European Central Bank Without Ever Raising Interest Rates Guidelines Aiming to Avoid More […]

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Large Regulated Token Sales Indicate ICOs May Be Coming Back

DIGIT — Sun, 28 Jul 2019 20:15:53 +0000

Initial coin offerings have seen a significant decline in popularity, but they are not to be written off completely. Although you don’t hear the term “ICO” so often nowadays, some recent regulatory developments indicate they have a place in the digital economy realm. Crowdfunding through token sales has a chance of becoming a mainstream instrument […]

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Consensys Inner Conflicts Spark Legal Action Against Founder

DIGIT — Thu, 25 Jul 2019 14:00:46 +0000

Ethereum cofounder Joseph Lubin was recently summoned to court in New York when a former employee initiated a lawsuit for more than $13 million. According to the summons stemming from former Token Foundry CEO, Harrison Hines, relief was being sought for alleged unpaid profits, fraud, unjust enrichment, and breach of contract. Also Read: Another Self-Proclaimed […]

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This Rare ‘Physical’ Bitcoin Can Be Yours for $99,000

DIGIT — Fri, 05 Jul 2019 14:19:41 +0000

A physical bitcoin is selling on eBay for $99,000

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‘This Is Not an ICO, Just Barter’ – How Issuers Attempt to Evade Regulatory Scrutiny

DIGIT — Wed, 03 Apr 2019 10:20:01 +0000

Some issuers of initial coin offerings have started to change the terminology they use to refer to their token sale in a bid to evade the attention of regulators – the hawkish U.S. Securities and Exchange Commission (SEC) in particular. With research finding that fewer than half of ICO projects make it past the first […]

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Israel Securities Authority Wants a Dedicated Token Exchange

DIGIT — Wed, 06 Mar 2019 16:36:10 +0000

An Israel Securities Authority (ISA) committee tasked with examining the regulation of crypto coin offerings has submitted its final recommendations today, March 6. They include the option of creating a dedicated platform for trading digital assets. Also Read: In the Daily: Opera Browser, EY Tax Tool, Elliptic, Cryptopia Exchange Regulating Coin Offerings in Israel The […]

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