Posts Tagged ‘SEC’

Mayweather ICO Founders Knocked Out by SEC for Fraud

The US Securities Exchange Commission’s new Cyber Unit task force has taken down boxing great Floyd Mayweather’s sponsor, Centra Tech. The Florida based company that claimed to be “creating a world connected to cryptocurrency” through their products has been charged with violating the anti-fraud and registration provisions of federal securities laws. The charges were brought when the SEC […]

3 “SEC” ERC20 Tokens You May Want to Avoid

Everyone in the world of cryptocurrency knows all too well how the SEC is looking into cryptocurrencies and ICOs. As such, it makes virtually no sense for anyone to create an ICO token known as SEC. Surprisingly, there are quite a few of them out there, which is rather intriguing, but not necessarily for the […]

Has the Cryptocoin Market Met Its Match in the SEC?

More than 180 coin offerings are expected to launch in March, according to an estimate from research firm Token Report. That would exceed January’s total of 175 and fall only a bit below February’s 197 offerings. But the March projects are expected to raise only $795 million, a 45% decline from February’s $1.44 billion. Despite […]

DOJ, SEC Argue Vague Laws No Excuse for ICO Fraud

In twin filings submitted on March 19, the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) dismissed claims by defendant Maksim Zaslavskiy that U.S. securities laws don’t apply to the sale of tokens tied to two ventures, one backed by real estate and the other by diamond holdings. The DOJ’s filing strikes a […]

Dozens of cryptocurrency startups under investigation, says SEC

The US Securities and Exchange Commission (SEC) has confirmed that ‘dozens’ of startups are currently being investigated for violations of federal securities regulations. These ICOs have long been under scrutiny by the SEC, and it was reported earlier this month that up to 80 subpoenas had been issues to ICO operators and advisers. Read more […]

US Government to Submit ‘Oversized’ Argument in ICO Fraud Case

U.S. prosecutors are planning an «oversized» response to a motion to dismiss in an ongoing — and potentially precedent-setting — ICO fraud lawsuit. Maksim Zaslavskiy has been accused of committing securities fraud in connection with two ICOs, RECoin and Diamond Reserve Club World. In September of last year, the U.S. Securities and Exchange Commission filed suit, […]

Bitcoin And Other Cryptocurrency Exchanges Must Register: SEC

The US Securities and Exchange Commission has come out with a new report saying the cryptocurrency exchanges trading in security tokens must register with it.  The report also carries warnings on the dangers of crypto exchanges that are unregulated and states that every trading platform that exchanges digital assets are reckoned as securities and must register with the regulator. […]

Initial Coin Offering Attorneys Beware, You Could Be Next!

Following the SEC’s recent initial subpoena offerings targeting ICO issuers, many believe the SEC might now turn its sights toward some of the gatekeepers involved in the subject ICOs, including the attorneys. Some attorneys practicing in the ICO space have simply been too aggressive in their approaches, or otherwise negligent in their advice to clients, drawing recent […]

Medadyn Announces Formal Request of the Securities and Exchange Commission of ICO and Token Compliance Review

Medadyn, a cryptocurrency company that’s creating a new vehicle to finance projects within the media, music and entertainment sectors, has announced that it has formally asked the SEC for a review of the positioning of its ICO. Medadyn recently delayed its March ICO until May 2018 to ensure compliance with shifting regulations within the cryptocurrency market, globally […]

Spooked By SEC, Video Streaming ICO Halts Airdrop

According to Simar Managt, the co-founder of distributed video streaming startup Stream, the current environment of regulatory uncertainty and rumors of subpoenas is putting such a pinch on projects that many are thinking about «moving elsewhere.» Stream is releasing a white paper that outlines its token distribution, but the process is on hold until the team knows how U.S. […]