News
Pump.fun whales have sent over $160 million in tokens to exchanges as PUMP drops below its ICO price, triggering fears of a broader memecoin market correction.
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ICO News
An initial coin offering, or ICO, is a controversial fundraising method for launching blockchain and cryptocurrency networks that involves the sale and distribution of a new crypto asset in exchange for other tokens, commonly Bitcoin (BTC) and Ether (ETH).
During the “ICO mania” of 2017 to 2018, projects collectively raised billions of dollars in capital, largely through nonaccredited investors.
This funding method has since lost most of its legitimacy, both inside and outside the industry. Many ICOs were clearly frauds or, at best, operating in regulatory gray areas. Over the past few years, regulatory agencies such as the United States Securities and Exchange Commission,or SEC, have brought legal action to past and present ICOs, slowly creating legal precedent and guidelines for future ventures.
While the ICO is now a precarious fundraising method for projects and investors alike, it did showcase a powerful use case of blockchain in permissionless fundraising at incredible scale. Over time, the launch methods of cryptocurrency networks will become more sophisticated, safe and, perhaps, regulatorily sound.
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Spreading claims that Pump.fun’s $500 million presale tokens are locked due to a missing withdrawal function are false.
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Venture capitalists and the Solana community touted the ICO as a showcase for capital formation in the age of internet capital markets.
12494 - Opinion
Community sales redefine crypto fundraising by enabling retail investors to participate in early-stage Web3 projects under transparent, equitable terms. This model aligns with crypto's core values.
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Charles Hoskinson has denied claims of misappropriating $600 million in ADA and says IOG will publish an audit report following community backlash.
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Guthrie says there is still a “lot of innovation to do,” and it’s still “very early days,” but the market has matured and has greater sustainability than previous cycles.
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The OCCRP reports Bankera’s founders channeled around half of the $114 million the firm raised in its 2018 ICO to a Vanuatu bank to buy real estate in France and Lithuania.
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The Securities and Exchange Commission said in a joint stipulation with Dragonchain that it wants to drop its lawsuit, citing the work of its Crypto Task Force.
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Google will debut a new crypto ads policy on April 23, requiring advertising exchanges and wallets to be licensed under the MiCA or CASP regulatory frameworks.
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The case, involving allegations of promoting unregistered securities, was one of many crypto enforcement actions the SEC has proposed dropping since January.
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Web3 fundraising has evolved beyond the ICO boom. Today, securing investment requires a solid project identity, strategic business model and market demand.
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Proposed token relief from the Securities and Exchange Commission does not mean a blanket pass for all projects, attorney Franco Jofré said.
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SEC Commissioner Hester Peirce said on Feb. 4 that the agency is reconsidering whether certain types of crypto assets are securities.
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Cathie Wood, CEO of ARK Invest, said she won’t buy Trump coin, calling it a memecoin without utility. Her focus remains on Bitcoin, Ethereum and Solana.
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The private market platform says $15 million in Pump.fun equity is for sale.
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