The Future of the ICO Hangs in the Balance

kick kik ico sec

The US Securities and Exchange Commission took a fairly harsh view on ICOs, judging almost all to be undeclared securities. But isn’t that response just reactionary, over-broad and perhaps even a little bit lazy? Canadian messaging company, Kik, are fighting back, and the industry as a whole should be glad that they are. The Promise Of Untold Wealth Initial Coin Offerings (or token sales) appeared on the cryptocurrency scene in 2013, with notable offerings from Ethereum (raising $16m)

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Floyd Mayweather-Backed ICO Stox Sued For Misappropriating $30 Million

floyd mayweather

A Chinese investor has sued Stox.com and its owner Moshe Hogeg, for allegedly misappropriating funds raised during an ICO. Boxer Floyd Mayweather famously backed the Stox ICO, and has subsequently been in trouble with the SEC for other crypto-endorsements. Stox Of Ethereum According to the NIS 17 million ($4.6m) lawsuit, the investor sunk $3.8m worth of Ethereum into the ICO. This was based on promises made in the white-paper, which claimed that the company would

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‘We Will Refile and Reengage’ – US Gov’t Shutdown Halts Bitcoin ETF

Bitcoin ETF

The US Securities and Exchange Commission (SEC) has revealed the Chicago Board Options Exchange (CBOE) has withdrawn its plans for a Bitcoin exchange-traded fund (ETF). Van Eck: ‘We Will Refile’ Bitcoin ETF A document published January 22 confirms the U-turn, which would have seen fund manager VanEck and developer SolidX potentially offer the first regulated Bitcoin ETF on the US market. “On January 22, 2019, (CBOE) withdrew the proposed rule change,” it states. The companies

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