ICOs

Reggie Middleton Reaches $9.5 Million SEC Settlement Over ICO Fraud

The U.S. Securities and Exchange Commission said it has reached a settlement with Reggie Middleton, organizer of the fraught $14.8 million Veritaseum (VERI) initial coin offering (ICO). In a filing with the New York Eastern District Court, dated Oct. 31 and published today, Middleton agreed to the consent decree of the final judgment, without having to …

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Bank of Lithuania Issues Guidelines on Security Token Offerings

</header> <strong>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</strong><strong>. The goal is to clarify applicable rules without introducing more regulations. </strong> Also read: Mario Draghi Leaves European Central Bank Without Ever Raising Interest Rates Guidelines Aiming to …

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Belarusian Bank Gets the Go-Ahead to Service Crypto Investors

</header> <strong>A bank in Belarus has effectively gotten the green light to process transfers related to digital assets. DFS, an affiliated company of Belveb Banking Holding’s member VEB Technologies, was recently registered as a resident of the High Technologies Park. The country’s special economic zone has already become home to many crypto businesses. </strong> Also …

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UK Regulator Ramps up Crypto Investigations and Considers KYC for Wallets

<header class=”article__header”> </header> <strong>The U.K.’s Financial Conduct Authority (FCA) has been relentlessly scrutinizing cryptocurrency startups and investigations are up 74% from last year. Meanwhile, proponents of decentralized software development models and open collaboration are upset about the FCA aiming to extend KYC/AML regulations to the publication of open source and zero-knowledge software.</strong> Also Read: McAfee …

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Russia Regulates Digital Rights, Advances Other Crypto-Related Bills

</header> <strong>After much deliberation in the past months and years, Moscow has recently taken important steps toward regulating the crypto space. These are part of the efforts to open the way for the development of the Russian digital economy. The country, heavily dependent on energy exports and hurt by W</strong><strong>estern sanctions, needs alternative sources of …

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EOS Maker Block.One Settles With SEC Over Unregistered Securities Sale

EOS maker Block.One must pay $24 million in penalties for conducting an unregistered securities sale, the U.S. Securities and Exchange Commission (SEC) announced Monday evening. The SEC said in a press release that Block.One “raised the equivalent of several billion dollars” over a one-year period in an unregistered initial coin offering (ICO). (A total of …

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WATCH: He Admitted to Faking Crypto Volumes, Then Got 5 New Clients

[embedded content] How do you get into the business of market manipulation? It’s easy if you try. Alexey Andryunin, a 20-year-old college student from Moscow, became a sensation after he quite openly told CoinDesk how his company was helping little-known token projects get traction via inflated trading volumes. He spoke with CoinDesk about the business of …

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SEC Settles with ICO Service Over Undisclosed Payments for Reviews

The Securities and Exchange Commission (SEC) has fined Russia-based analytics firm ICORating for failure to disclose payments for positive reviews to various projects. Today the SEC announced a $268,998 settlement with ICORating for projects rated from December 2017 through July 2018. According to the SEC, projects rated by ICORating during that time raised funds through …

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Tokens Built on Bitcoin Cash Are Cheaper to Send Than Those of Rival Networks

<header class=”article__header”> </header> <strong>Satoshi Nakamoto’s Bitcoin technology has inspired a lot of innovation spawning a myriad of tokens representing digitized assets. There are now token creation systems on blockchain networks like Omni Layer, Counterparty, and Ethereum. Each framework comes with the cost of sending tokens and right now the Simple Ledger Protocol is one of …

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Meet the ICO Pumper Who Makes His Living Manipulating Crypto Markets

[embedded content] How do you get into the business of market manipulation? It’s easy if you try. Alexey Andryunin, a 20-year old college student from Moscow, became a sensation after he quite openly told CoinDesk how his company was helping little-known token projects get traction via inflated trading volumes. He spoke with CoinDesk about the business …

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