SEC Sues Shopin and its Founders for Fraudulent ICO Project
The United States Securities and Exchange Commission (SEC) has dragged the founders of Shopin (SHOPIN) to court for organizing a fraudulent initial coin offering (ICO)...
Category : ICO
Russia’s Silk Road to Hold ICO, Exit Scam Attempt?
Hydra, Russia’s biggest dark web marketplace, announced its plans to develop an international, decentralized marketplace for illegal products. To achieve this goal, Hydra intends to...
US SEC Charges Shopin Founder With Orchestrating Fraudulent $42 Million ICO
The United States Securities and Exchange Commission (SEC) has charged Eran Eyal, the founder Shopin, with orchestrating a fraudulent initial coin offering (ICO). In a press...
The State Encourages ICO Fraud. The Free Market Minimizes It
Many Initial Coin Offerings (ICOs) have been and are frauds. The state enables this con game in various ways, including the establishment of accredited investors...
Thailand’s Securities Regulator will Update Laws to Cultivate Digital Asset Innovation
The Thailand Securities and Exchange Commission (SEC) has announced they are looking into amending the royal decree issued for digital assets in May 2018. According...
Gladius Dissolves Ignoring SEC Order to Refund $12.7M ICO
Distributed cybersecurity startup Gladius dissolved without complying with the United States Securities and Exchange Commission (SEC) to reimburse investors. The firm’s co-founder and chief technology...
Brooklyn ICO Scammer Jailed for 1.5 Years
Maksim Zaslavskiy, who ran two fraudulent ICO projects, received a year and a half-long prison sentence this Monday which made his case one of the...
Altcoin Analyst Claims Ethereum Is Overpriced Despite 85% Decline From ATH
During the initial coin offering boom and the height of the crypto hype bubble in 2017, Ethereum’s price ballooned to as much as $1,400 per...
Bitcoin Bull and Twitter Chief Jack Dorsey Invests in ICO Exchange Service CoinList
Jack Dorsey, the CEO of Twitter and Square is increasing his stake in the cryptocurrency arena as the Wall Street Journal (WSJ) reports the bitcoin...
Big Name Announcements Will Not Save Your Blockchain Project
At the peak of the ICO bubble it was a common tactic for project promoters to use big name announcements to pump their tokens. Every...
Facebook agrees to pay UK data watchdog’s Cambridge Analytica fine but settles without admitting liability
Facebook has reached a settlement with the UK’s data protection watchdog, the ICO, agreeing to pay in full a £500,000 (~$643k) fine following the latter’s...
Real Entrepreneurs want to STO
Bernard Lunn is a Fintech deal-maker, investor, entrepreneur and advisor. He is CEO and Editor of Daily Fintech and author of The Blockchain Economy. Hoping 3 pictures...
ICO Returns: Class of 2017 Still the Champion
The ICO sales of 2017 managed to achieve high returns despite the bear market, but projects that launched in 2018 saw a harsher fate. Recent...
Kik Messenger Saved From the Verge of Shutdown
On Oct. 13, Canadian social media and messaging app Kik revealed it’s “here to stay.” This was an apparent reversal from what the company’s CEO,...
ICOs Are Dead But ICO Scammers Are Immortal
The initial coin offering may have all but died, but the ICO scammer marches on regardless. Whereas legitimate projects have to wrangle with all kinds...