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. 

News
The SEC has taken action against three companies owned by Chinese billionaire Guo Wengui for commingling the proceeds from two unregistered securities offerings...
SEC takes action against Chinese billionaire’s companies for unregistered ICO and IPO
Brian Quarmby
2021-09-14T04:41:34+01:00
8596
Sponsored
A cryptocurrency exchange focused on frictionless transactions is positioning itself as the bridge between fiat and digital currencies across the globe.
The largest cryptocurrency exchange in Spain is ready to take its platform global
Sarah Jansen
2021-09-09T14:00:00+01:00
3715
News
New research asserts that EOS and ETH were wash-traded on exchanges to manipulate prices during EOS’ multi-billion-dollar ICO.
New research claims 21 accounts pumped the $4.4B EOS ICO with wash trades
Martin Young
2021-09-03T04:58:01+01:00
12712
News
The industry body has accused the government of leaning into narratives about malicious actors and scams rather than engaging with the blockchain space to estab...
Blockchain Australia says gov’t still dismissing industry as a ‘wild west’
Marie Huillet
2021-08-09T10:29:50+01:00
3477
Opinion
Eleven class actions against crypto firms and their founders started with a bang and will end with a whimper — as they should.
Powers On... Why the fear of ICO enforcement and liability is coming to an end
Marc Powers
2021-07-27T18:17:00+01:00
3900
News
The SEC asserts that Coinschedule violated anti-touting provisions of U.S. securities laws.
SEC fines Coinschedule $200K over sponsored favorable ICO ratings
Samuel Haig
2021-07-15T02:47:49+01:00
1344
News
The Game is facing a $12 million judgment for his role in an allegedly unregistered initial coin offering.
Rapper The Game facing $12M judgment along with execs in ICO case
Brian Quarmby
2021-06-25T08:09:34+01:00
6007
News
U.S. securities regulators are still going after ICO cheats from the 2017-18 bull market. Initial coin offerings raised tens of billions of dollars during the l...
ICO issuer charged with fraud by SEC for selling unregistered security
Sam Bourgi
2021-06-22T19:45:00+01:00
8111

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