ICO
What Is an IEO or IDO in Crypto?
In traditional finance, a company might launch an IPO to raise capital, but in the decentralized world of crypto, how can projects fundraise for new token launches? Meet initial exchange offerings.
South Korea Must Reverse Ineffective Ban on Crypto ICOs, Central Bank Says
The Bank of Korea says companies like stablecoin issuer Terra were able to circumvent the ban and sell digital tokens to locals by setting up corporations overseas.
SEC Files Complaint Against Dragonchain for Unregistered Initial Coin Offering
The complaint alleges the blockchain startup failed to register more than $16 million in crypto asset securities.
Titanium Blockchain CEO Pleads Guilty in $21M Securities Fraud Case
Michael Stollery admitted to carrying out a fraudulent initial coin offering in 2018.
ICO-Funded Project Sparkster Converts $22M in Ether to USDC After 3 Years, No Product
Sparkster promised investors a “no-code” software-creation platform using $30 million in funds raised from investors in 2018.
Why ‘Jack Dorsey’s First Tweet’ NFT Ended With a Top Bid of Only $280
Crypto entrepreneur Sina Estavi bought Twitter Founder Jack Dorsey’s first-ever tweet as an NFT for $2.9 million last year. That NFT was listed for sale again at $48 million last week only to reached a top bid of only $280. “The Hash” group discusses why the asset received such low valuations, citing Estavi’s history as an ICO scammer and the inherent values of different types of NFTs.
SEC Charges Founder of Crypto Startup Crowd Machine With Fraud
Australian Craig Sproule is accused of misleading investors about how he was going to use the proceeds of a $41 million initial coin offering back in 2018.
Bitqyck Founders Plead Guilty to Tax Evasion
Bruce Bise, 60, and Samuel Mendez, 65, face up to five years in federal prison after evading a combined $1.6 million in taxes.
France’s Market Authority Warns Against Proposed Air Next ICO
The AMF said it didn’t issue a “visa” for the offering and warned of the risk of fraud.
SEC Sues Mobile Wallet Tech Firm Rivetz Over 2017 ICO
The SEC says Rivetz’ CEO used some of the money to award himself a bonus and buy a house in the Cayman Islands.
