Colorado Regulators Crack Down on Four More ICOs

Colorado regulators took action against four ICOs Thursday, bringing the state’s total number of cease-and-desist orders against crypto startups to 12. The state’s “ICO Task Force” rebuked Bitcoin Investments, Ltd, PinkDate, Prisma and Clear Shop Vision Ltd. Where the companies are based is unclear, a spokeswoman for Colorado’s Division of Securities told CoinDesk, though the unregistered securities they promoted were available to Colorado residents. Colorado Securities Commissioner Gerald Rome told CoinDesk: “We want to ensure that the state’s securities market and the investors that operate within it are protected from unscrupulous actors…

SEC Streamlining ICOs a Huge Boost for Ethereum

Even though there is a lot of legitimate concerns around the legality of ICOs, the SEC is about to streamline the space creating clear distinction between digital assets that are securities and utilities. Once these guidelines go live then Ethereum as a smart contracting platform and a go-to blockchain for coin issuance could see increasing demand drive prices above key resistance levels. Latest Ethereum News That ICOs are a disruptive but innovative way of raising funds is true. It’s also true—according to previous SEC interpretations that most projects financed in…

SEC Official Says ‘Plain English’ Guidance On ICOs Is Coming

The U.S. Securities and Exchange Commission (SEC) plans to clarify when and how cryptocurrencies may be classified as securities, its director of Corporation Finance said Monday. Speaking at the D.C. Fintech Week conference, SEC director William Hinman said the regulatory agency intends to release “plain English” guidance for developers to refer to when planning token offerings. This guidance will help such developers determine on their own whether any potential token offering may be classified as a security or not, according to Hinman, though it’s not clear when the guidance will…

Israeli Projects Raised Over $600 Million via ICOs as of Q3 2018

Israel-based projects have raised over $600 million through Initial Coin Offerings (ICOs) as of the third quarter (Q3) of 2018, according to report by cryptocurrency analytics firm One Alpha released Nov. 2. Per the research, 140 blockchain-focused companies in Israel have attracted $1.3 billion in investment, wherein more than 60 percent of companies and 88 percent of funds are ICO-related. From Q1– Q3 2018, Israeli startups raised $606 million through ICOs, wherein the largest number of ICOs took place during Q2, and Q1 was the most profitable, with $315 million…

SEC Report Notes ‘Dozens’ of Investigations Into ICOs at End of Fiscal Year

The U.S. Securities and Exchange Commission’s (SEC) Enforcement Division has released its annual enforcement report for the 2018 fiscal year (FY), Friday, Nov. 2. The report notes actions by the Division against fraudulent Initial Coin Offerings (ICOs). According to the report, since the formation of the Division’s Cyber Unit at the end of FY 2017, the commission’s focus on cyber-related misconduct, including ICOs, has been growing steadily. The SEC attributes this to an “explosion” in crypto-asset offerings, which it says are often considered high-risk investments. According to the report: “In…

Israeli Startups Raised $600 Million Through ICOs in 2018: Report

Israeli startups have brought in more than $600 million in funding from initial coin offerings (ICOs) in the first three quarters of 2018, according to an industry report. Crypto analytics and research firm One Alpha surveyed ICOs and blockchain projects globally, from the past year, aiming to provide an overview on the status of the blockchain and ICO ecosystem, with a particular focus on Israel. One Alpha’s survey counted 140 active blockchain-related companies in Israel, which, when combined with other forms of investment, have received $1.3 billion worth of investments.…

Three Years Later, Ethereum’s Hottest DApps Are (Still) ICOs and Cats

With Ethereum’s launch in 2015 came a flurry of excitement over the future potential of smart contracts. Utilizing a more flexible scripting language than Bitcoin, the platform’s decentralized applications (DApps) were touted by proponents as unlocking a plethora of formerly untapped use cases for the blockchain. From tokenized assets and blockchain-based legal contracts to healthcare records and supply chain tracking, DApps are going to remold traditional industries in their image, solve bottlenecks and revolutionize enterprise inefficiencies out of existence. More than three years later, and we’re still waiting for the…

International Regulations ‘Desirable’ for ICOs

Germany’s financial regulator wants to see an international effort to regulate Initial Coin Offerings (ICO), despite remaining uncertain whether they would ever become more than a “niche issue,” German business outlet Handelsblatt reported Sunday, Oct. 28. In an interview with the publication, Felix Hufeld, chairman of Federal Financial Supervisory Authority (BaFin), said German regulatory sources remained hawkish on ICOs as a financial instrument. “The number (of ICOs) and the volume (of money) per ICO are both getting higher. Investors have mostly minimal rights,” he said, adding: “I can thus only…

Using ICOs to Maximize ROI

Starting at the beginning of this year: the entirety of the cryptocurrency market has taken a significant hit with regards to coin value, affecting investors and prolonging the expected launch date of many public ICO token-sales. Amongst those cryptos worst hit is Ether (ETH). The second-largest by means of market capitalization lost upwards of 85% of its value YTD and trades at $207.73 at the time of writing. A massive drop in comparison to its peak of $1,400 in January 2018. The overwhelming negative volatility that has dominated the market…

Thai SEC Warns Public About Investing in Nine Unregistered Tokens and ICOs

The Thai Securities and Exchange Commission (SEC) has issued a warning about investing in nine digital tokens and Initial Coin Offerings (ICOs), which have not been accredited by the regulator, news outlet Bangkok Post reported Oct. 26. The SEC reportedly initiated an investigation into digital tokens and ICOs being promoted on social media platforms for investment, and found nine cases wherein promoted digital assets had not been authorized by the market regulator. Per the SEC, the alleged digital assets and ICOs have neither filed an application for the SEC’s approval,…