A Korean translation of the EU regulatory framework gave the Bank of Korea food for thought, and it shared its views on ICOs, stablecoins and protecting innovation.
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.
Enjoy Axie Infinity, DeFi Kingdoms and other cryptocurrency games while they last because lawmakers are poised to crack down by mid-2023.4252
The commission said it would be seeking “permanent injunctions, disgorgement with prejudgment interest, civil penalties against and conduct-based injunctions.”1909
On October 5, 2020, the SEC alleged that McAfee and Watson promoted ICO investments on Twitter without disclosing that they were paid for them.4713
Traders keep saying ETH price will collapse below $1,600 soon, but a key trading metric shows most are unwilling to place bearish bets below $1,900.5972
Cardano-based accelerator program Genius X continues to attract ADA delegators after the launch of its ISPO.10496
The effort will include issuing guidance for NFTs and ICOs, expanding infrastructure and supporting CBDC research.2819
The bull market may be over, but that doesn’t mean traders have to stop investing. Here are a few ways to invest in crypto even during a bear market.11350
With so many crypto projects being launched, founders are now looking beyond “traditional” crypto fundraising options.2307
Understanding the true value of a lost customer, a payments infrastructure platform aims to help crypto exchanges and digital asset businesses increase their overall conversion.1907
Roughly 40,000 participants staked nearly 620 million ADA as part of MELD’s first-ever initial stake pool offering, which concluded on Oct. 27.21257
The company aims to develop a decentralized data query system following new funding.2779
Both parachains on Polkadot and DeFi functions on Acala are still undergoing heavy development.13246
It appears EOS holders are extremely dissatisfied with the direction the network has headed.7991
Instead of a safe harbor for crypto firms, SEC Commissioner Caroline Crenshaw called for a “bridge” in which crypto firms work with the SEC to determine compliance plans.4276