Browsing the "ICO" Tag

newspaper, headlines

Employees Say Startup Civil Hyped Crypto Returns, But Failed to Pay

| Leigh Cuen

Civil was supposed to create a more transparent and democratic model for journalism, but so far, journalists working on its platform have yet to…

SpankChain Has Paid Camgirls $70,000 Worth of Crypto in 6 Months

| Leigh Cuen

Since raising $6 million in a 2017 ICO, porn startup SpankChain has differentiated itself by actually delivering a crypto-powered platform with users.

Regulators Sue ICO Company That Falsely Claimed SEC Approval

| Stan Higgins

The SEC is suing an ICO organizer and his company, alleging that they claimed the agency had approved its sale.

One Big Backer Is Propping Up Media Startup Civil’s Struggling ICO

| Brady Dale

The token sale for Civil has brought in $1.34 million toward its $8 million minimum goal.

SEC Asks Court to Enforce Subpoena in ICO Inquiry

| Stan Higgins

The SEC is trying to subpoena an investment trust company as part of a probe into alleged fraud involving claims of a $100 million ICO.

marble, maze

Australia’s Securities Watchdog Has Halted 5 ICOs Since April

| Stan Higgins

Australia's securities regulator said late last week that it has halted five initial coin offerings (ICOs) in as many months.

WeChat, Alipay to Block Crypto Transactions on Payment Platforms

| Muyao Shen

WeChat Pay and Alipay are scrambling to keep up with regulators after recent announcements regarding initial coin offerings and cryptocurrencies.

Judge Issues Default Judgment in ICO Fraud Lawsuit

| Nikhilesh De

A federal judge ruled against Monkey Capital after finding it defrauded victims in an initial coin offering.

SEC Slaps ‘Fraudulent’ ICO Founder With $30K Fine, Lifetime Ban

| Stan Higgins and Nikhilesh De

The SEC has issued a cease-and-desist along with a $30,000 penalty to the founder of a token sale it called "fraudulent."

FinCEN Says It Now Receives 1,500 Crypto Complaints a Month

| Muyao Shen

FinCEN receives more than 1,500 reports every month from financial institutions regarding cryptocurrencies, a top official said Thursday.