In the past few months, the U.S. SEC has significantly expanded its crackdown on hundreds of ICO projects, putting these startups at risk. Recently, the SEC has subpoenaed several ICO startups that failed to sell tokens exclusively to accredited investors.
The so-called stable coin, USDT, has dropped significantly against USD on 10/15. While USDT typically values in a range of 0.99 to 1.01 when compared against USD, it dropped to as low as 0.85 on the Kraken exchange on 10/15.
A ruling in the Eastern District of New York sparked controversies in the crypto world as it was the very first time a federal court had weighed in on the SEC’s jurisdiction over ICOs in a criminal case. The SEC
While the two biggest economies in the world are still trying to figure out how to think about blockchain and crypto, a Southeast Asian country known for its booming tourism industry is gradually becoming an active player in the global
Traditional financial institutions (e.g. banks) have been reluctant to work with cryptocurrencies and crypto businesses. Many banks treat crypto exchange businesses as high risk clients. In the end of last year, the Taiwanese Financial Supervisory Commission issued a public statement
Bitcoin value surpassed gold for the first time in March, 2017, since then, the price of bitcoin continued to soar thru the remaining year of 2017 (all-high at $19,665), but fell drastically overall in 2018 (now at $8,197). The volatile
According to ICO consulting firm Satis Group’s report, near 80% ICO projects can be seen as fraudulent. ICO is the hottest way for blockchain startups to raise funds. Companies can issue a token sale, which the investors would purchase the
The issuance of an ICO has been the hottest method for blockchain startups to get funds in the past two years. So hot that even non-blockchain startups and big public companies are diving into the trend. From the PwC and