In our “ICO” section, we cover news and insights about Initial Coin Offerings and other crypto fundraising models. Here you will find information about new token launches, project announcements, and the mechanics behind blockchain-based fundraising. Read the “ICO” section on ForkNews to stay informed about emerging crypto projects and token sales.
A recent study published in the Wall Street Journal on December 27 found that hundreds of cryptocurrency projects show signs of fraudulent activity and plagiarism.
Italian authorities have taken measures to protect local investors by temporarily banning investments in two dubious crypto projects. In a special advisory, the National Commission for Social Affairs (CONSOB) identified a number of websites and Facebook pages where it has banned the sale of potentially counterfeit Bitsurge tokens and Green Energy certificates.
This Thursday, Pantera Capital CEO Dan Morehead sent his clients a newsletter saying that 25% of their investments may qualify as securities that require registration.
According to the company's website, South Korean blockchain startup Presto provides end-to-end solutions for development teams from website creation to token issuance. The startup also attempted to launch South Korea's first ICO based on the Decentralized Autonomous Organization (DAICO).
In August 2017, boxer Floyd Mayweather promoted an initial coin offering from cryptocurrency company Hubii Network on Twitter. Less than a month later, he was promoting another ICO on his Twitter feed, this time from Centra Tech.
North Dakota financial regulators have banned a fraudulent Russian cryptocurrency company from operating in the state after it was revealed the company was posing as a bank in Liechtenstein to illegally launch an initial coin offering (ICO).
A South Korean official said at a meeting of the National Assembly that the government will announce its official position on the legalization of ICOs in November this year after the results of a survey held in October are processed.
The Securities and Exchange Commission has suspended another fraudulent coin offering, alleging that the operators of the “Blockvest ICO” not only violated a number of securities laws, but misled investors by claiming that they had received permission from a US regulator. According to the court decision, all Blockvest assets were frozen and their activities were suspended due to suspicion of fraudulent activities.
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