Former Swiss President and new board member of CV VC talks the unique attitudes towards law that make Switzerland a hub for crypto.
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.
The consolidated class-action lawsuit against the Tezos Foundation appears likely to end in a $25M settlement which might forestall further SEC action.11105
The DeFi sector is seeing rapid growth in use and volume. Some appear concerned about a bursting bubble, but could it be natural growth?7305
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 laundering.1895
Paragon Coin will face federal claims from a class-action lawsuit alleging that the firm’s $70 million ICO from 2017 violated securities laws.5434
An SEC suit against the operators of a $30 million allegedly fraudulent ICO has been stayed pending the conclusion of parallel criminal proceedings.2404
Waves Association founder Sasha Ivanov warns that decentralized finance's surge might have negative consequences.5848
Alex Mashinksy says that new equity investors, including Tether, will have no say in Celsius’ mission of sharing 80% of profit with its users.5053
A French firm has claimed that its new crypto fundraising vehicle, the ‘Believers Reward Offering,’ or BRO, will supersede ICOs and save businesses from economic crisis.9787
Sensitive documents outlining the proprietary investment strategies of Telegram ICO participants have been redacted from the case with the SEC.2722
A federal court in Manhattan sentenced the founder of a $25 million ICO scam to 87 months and a fine of up to $250,000.63942
The father of the JOBS Act would be happy to help Telegram with an IPO if the company chooses to revert to a traditional fundraising model.2916
Belarus Central Bank authorizes several banks in the country to begin issuing tokenized offerings.3473
One of Centra Tech’s founders is entering into plea negotiations concerning the company’s fraudulent 2017 initial coin offering.7122
With the class-action lawsuit against Tezos likely to soon end in a $25 million settlement, ICO participants are encouraged to submit claims by Oct. 16.10819