What ICO Issuers and Investors Need to Know About Taxes
There is little guidance from the IRS on how to treat a token offering or SAFT for tax purposes. Determining how to do so is a fact-intensive process.
"This is the first time anyone has ever scaled proof-of-work," said Kadena co-founder Will Martino.
Since SAFT came into to use last year, the number of companies reporting to the SEC to work in this framework has increased, CoinDesk finds.
Hedera Hashgraph, the company behind the blockchain-like Hedera network, is asking investors to wait longer for tokens they paid for, in order to stabilize their cratering price.
Newly published public documents indicate that one of the co-founders of LinkedIn is raising as much as $20 million in a SAFT sale.
A startup with the aim of building a private, peer-to-peer browser using cryptocurrency has told the SEC it plans to hold a $125 million SAFT.