Tag Archives: ICO

SEC Establishes FinHub to Engage Public on Cryptocurrencies

The U.S. Securities and Exchange Commission (SEC) has announced the launch of the Strategic Hub for Innovation and Financial Technology (FinHub) to promote public engagement on fintech-related issues and initiatives, including blockchain technology and cryptocurrencies. SEC Launches FinHub Portal in Connection with the Issuance of Its DAO Report FinHub, which replaces several internal working groups at the SEC, includes… Read More »

US-Based Company Becomes First to Get Cryptocurrency ICO Approval from Bermuda

A fintech company based in the United States has become the first company to get approval from the Bermuda government to launch a cryptocurrency ICO. A New Era for Bermuda A US-based fintech company, Uulala, created a milestone by becoming the first company to gain ICO approval from the Bermuda government. The approval follows Bermuda’s new regulatory framework… Read More »

Financial Action Task Force Adopts Changes to Standards Covering Virtual Currencies

The Financial Action Task Force (FATF) has adopted changes to its standards regarding digital currencies and firms involved into cryptocurrency-related activities, according to an announcement published Oct. 19. Paris-based FATF, also known as Groupe d’action financière (GAFI), is an intergovernmental organization established in 1989 on the initiative of the G7 to set standards and promote effective implementation of… Read More »

Report: Vast Majority of ICOs Trading Significantly Below Their Listing Price

A recent report from Ernst & Young found that nearly a third of all cryptocurrencies that have been financed through online fundraisers, like initial coin offerings (ICOs), have lost almost all their value, while the vast majority of them are currently trading below their listing price. The report, which was first published today, gathered its data from 141… Read More »

Bermuda Government Approves First ICO Under New Regulatory Regime

The government of Bermuda has awarded the first certification for an Initial Coin Offering (ICO) under the island nation’s new regulatory regime for crypto and blockchain business, the country’s only daily newspaper, the Royal Gazette reports Oct. 18. According to the Royal Gazette, the Minister of National Security Wayne Gaines — whose office oversees ICT policy and innovation… Read More »

Civil Refunds its ICO Investors in Token Sale Failure

The Civil Media Company’s ambitious plan to sell $8 million worth of its cryptocurrency token CVL, and fund a decentralized platform for new journalism, has failed for now. Many investors were skeptical of Civil’s vision, and they were proven right when Civil announced on Tuesday it will refund its investors. Civil’s hyped initial coin offering (ICO) failed to attract… Read More »

Are Mastercard and VISA Cutting Out Unregulated Crypto Brokers and ICOs?

On October 12, Finance Magnates reported that payment giants Mastercard and VISA will both soon group cryptocurrency and Initial Coin Offering (ICO) jurisdictions in a new “high risk” category. What are the consequences for those ‘high risk’ merchants? According to the publication’s undisclosed sources, the ban will be applied to brokers who operate “from unregulated or loosely regulated… Read More »

Could Celebrity-Issued Cryptocurrencies Become a New Trend?

World number two tennis professional, Caroline Wozniacki plans to issue her own digital token with celebrity blockchain platform Global Crypto Offering Exchange (GCOX). Fans of the Danish ace will eventually be able to trade the tokens for various exclusive perks. Celebrity Tokens: Next Big Thing or Blatant Attempt to Cash In? Tennis professional Wozniacki has become the latest… Read More »

Malta: Two-Thirds Fail Crypto Agent Exam Despite Authorities’ Attempts to Ease Process

Almost two-thirds of those taking Malta’s cryptocurrency agent certification have failed, despite examiners’ last-minute changes to ease the marking scheme, English-language daily Times of Malta reports Oct. 18. Since the Virtual Financial Assets Act (VFA) came into effect last November, the exam, as well as a training course, has been mandatory for all those looking to work as… Read More »

Two US States Issue Cease and Desist Orders Against Five ICO Issuers

The U.S. states of Colorado and North Dakota have independently issued cease and desist orders against companies promoting initial coin offerings in their states. Their tokens are potentially fraudulent securities offerings, according to the two states’ securities commissions. One scheme promises a return of 10 percent per month and claims to be pegged to the price of gold.… Read More »