The U.S. SEC has requested that Kik Interactive Inc. provided detailed information about its operations since it released its native token, Kin.
ICO News
The definition of an ICO is an unregulated method of fundraising to support a new project via cryptocurrency. An Initial Coin Offering is used by startups to avoid the strict and over-regulated capital-raising process required by venture capitalists or banks. In an ICO campaign, a percentage of the cryptocurrency is sold to enthusiasts of the project in return for governmental means of payment or other cryptocurrencies, often Bitcoin.
ICOs shares features of both IPOs and crowdfunding. Like IPOs, a stake of the startup or company is sold to raise money for the entity’s operations during an ICO operation. However, while IPOs deal with investors, ICOs deal with supporters, just like a crowdfunding campaign the only difference is that the backers of the ICO project are motivated by a future return of their investments, while the funds raised during crowdfunding are just gratuitous contributions.
- News
- News
Blockvest obtained a small victory in a case against an elderly couple accusing it of unlawful business conduct, but this may not matter in the long run.
- News
A comparatively small initial coin offering project is charged by the SEC for an unregistered security offering, in addition to allegations of fraudulent claims...
- Analysis
Let’s take a look at some of the key factors that helped spur the growth of the crypto market in 2019.
- News
The U.S. SEC has charged Boaz Manor and his associates with raising over $30 million through a fraudulent initial coin offering.
- Opinion
by Evan Luthra
Amid the constantly growing cryptocurrency market, the number of irreversible coins in increasing affecting the whole industry development.
- News
The sale of Telegram Open Network tokens held by Liquid Exchange was canceled due to launch delays, with the funds being returned to the investors.
- News
The SEC posted a statement on Jan. 14 advising potential investors to be cautious with IEOs, which could be unregistered securities.
- News
Blockvest’s founder Reginald Ringgold is alleged to have forged signatures and encouraged false declarations in key lawsuit evidence, the SEC argues.
- News
by Kollen Post
Per today’s filings, Telegram will provide the requested bank records that the SEC believes will be evidence of rule-breaking in its $1.7 billion offering of Gr...
- News
The SEC is renewing its request for Telegram’s bank records in connection to a 2018 ICO as evidence of commission-driven sale of tokens by third parties emerges...
- News
New documents reveal Kik is pushing to set a trial date for its SEC lawsuit, which may be scheduled for some time in the second half of 2020.
- News
The United States Securities Exchange Commission is seeking a default judgment and $16 million in penalties from token sale platform ICOBox.
- News
by Helen Partz
In a new public notice, Telegram stresses that Gram tokens are not investment products, which would mean that they are not under the SEC’s sway.
- News
The latest spat in a long-running dispute with the regulator sees a judge demand Telegram respond to its request for bank account figures within hours.
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