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. 
 

Analysis
The consolidated class-action lawsuit against the Tezos Foundation appears likely to end in a $25M settlement which might forestall further SEC action.
Tezos Likely Avoiding SEC Action With $25M Class-Action Lawsuit Settlement
Osato Avan-Nomayo
2020-06-28T19:03:00+01:00
10566
Analysis
The DeFi sector is seeing rapid growth in use and volume. Some appear concerned about a bursting bubble, but could it be natural growth?
Bubbling Over the Top? DeFi Sector Heats Up in June, Raising Concerns
Andrew Singer
2020-06-27T14:11:00+01:00
7095
News
Abramoff and the founder of AML Bitcoin face charges for fraud in misrepresenting the token’s compliance, with the founder himself facing jail time for money la...
SEC Charges Lobbying Kingpin Jack Abramoff With Fraud For Promotion of 2018 ICO
Kollen Post
2020-06-25T21:23:00+01:00
1836
News
Paragon Coin will face federal claims from a class-action lawsuit alleging that the firm’s $70 million ICO from 2017 violated securities laws.
Judge Certifies Investor Class in $70m Pot ICO Lawsuit
Samuel Haig
2020-06-25T06:42:00+01:00
5403
News
An SEC suit against the operators of a $30 million allegedly fraudulent ICO has been stayed pending the conclusion of parallel criminal proceedings.
SEC Suit Over $30m Crypto Scam Halted Due to Criminal Proceedings
Samuel Haig
2020-06-25T03:46:00+01:00
2380
News
Waves Association founder Sasha Ivanov warns that decentralized finance's surge might have negative consequences.
Let's Not Make a New ICO Bubble Out of DeFi, Says Waves Founder
Stephen O'Neal
2020-06-23T12:22:00+01:00
5722
News
Alex Mashinksy says that new equity investors, including Tether, will have no say in Celsius’ mission of sharing 80% of profit with its users.
$10M Investment From Tether Won’t Change Celsius’ Mission of Sharing
Michael Kapilkov
2020-06-22T02:00:00+01:00
4933
News
A French firm has claimed that its new crypto fundraising vehicle, the ‘Believers Reward Offering,’ or BRO, will supersede ICOs and save businesses from economi...
Cool Story BRO: French Startup Plans to Make ICOs Obsolete
Samuel Haig
2020-06-19T06:48:00+01:00
9737

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