Tag: icos

Blockchain Startup Enigma Settles with SEC for Security Token Sale

Chalk one more up for initial coin offering (ICO) regulation. Enigma MPC, a blockchain startup, settled with the SEC for conducting an unregistered sale of securities. The San Francisco-based startup conducted an offering of its ENG tokens in 2017 and raised $45 million from investors. As part of the settlement, Enigma will refund “harmed investors”… Read More Blockchain Startup Enigma Settles with SEC for Security Token Sale

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Can SEC Commissioner Hester Peirce’s Proposal Revive the ICO Market?

In the annals of crypto history, initial coin offerings (ICOs) were the latest innovation until they weren’t. After briefly eclipsing traditional forms of venture financing, ICOs have largely been relegated to the sidelines of the fundraising ecosystem after an SEC crackdown. A glance at the moribund market for coin offerings during the first quarter of… Read More Can SEC Commissioner Hester Peirce’s Proposal Revive the ICO Market?

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New Jersey Issues Stop Orders Against ICOs In the State

The New Jersey Bureau of Securities has issued issued stop orders against two ICOs based in the state. American and Canadian regulators, operating under the North American Securities Administration Association, issued the order which was executed by officials in New Jersey. The stop orders targeted the Unocall and Zoptax ICOs. The orders were issued as… Read More New Jersey Issues Stop Orders Against ICOs In the State

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SEC Approves Blockstack Reg. A+ Token Offering

Blockstack, a startup building a decentralized Internet, has become the first company to receive approval from the Securities and Exchange Commission (SEC) to conduct a public offering of tokens for its applications. The New Jersey-based company will raise $28 million under a Reg A+ offering, which allows companies to raise up to $50 million without… Read More SEC Approves Blockstack Reg. A+ Token Offering

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How Civil Aims To Transform Journalism Through Blockchain

“The kind of play between advertisers and publishers; there’s a tension there,” says Kirk Ritchey, chief technology officer at Luminary Media. “That tension can influence editorial decisions.” And, so it was that the Hudson Valley-based outfit was decided to minimize reliance on advertising as a source of revenue for its soon-to-be launched local news publication,… Read More How Civil Aims To Transform Journalism Through Blockchain

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The Case For Ethereum As A Security Token

During a Congressional hearing last month, SEC Chairman Jay Clayton said all ICO tokens he had seen were securities. That remark, with all its attendant implications, has spooked investors and snowballed into a series of actions that might end up radically reshaping cryptocurrency markets. Since Clayton’s remark, the SEC has tightened the screws on coin… Read More The Case For Ethereum As A Security Token

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