Preliminary Injunction Against Blockvest for Fraudulent Securities Offering and Illegal Use of SEC Seal

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The SEC filed a complaint against Blockvest and its founder for allegedly making unregistered securities offerings and using the SEC seal without permission. On Feb. 14th, the US District Court of California entered in a preliminary injunction against the firm. Accusations Against Blockvest The Feb. 14th complaint filed against Blockvest LLC details that the company, and…

Without Regulation ICOs Unlikely to Disrupt Venture Capital According to OECD

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In its January report, the Organisation for Economic Co-Operation and Development (OECD) explained some of the intricacies of ICOs in modern finance. Although ICOs still offer advantages for startups, it comes at a steep cost. The organization concluded that ICOs can’t be properly harnessed until there is regulatory consensus internationally and it is unlikely to…

Meet the Crypto Cult, the Colorful Cast of Cryptocurrency’s Wild West

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Over the past two years, crypto has often been referred to as the Wild West, and for good reason. Cryptocurrency has been an unregulated digital frontier where the fringes of society speculated feverishly—and some prospectors won big. As crypto went mainstream in late 2017, the early adopters (or pioneers, more aptly) saw their small investments…

Navigating FUD and Fake News in Crypto Journalism

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In an industry that’s flooded with money, it’s sad to see some crypto media outlets succumb to the perils of so-called fake news, not to mention misinformed readers falling for scams during the ICO craze. 2018 was a controversial year in the crypto media sphere. Disappointingly, it was uncovered that stories people may have read…

How BlockEx Went from $24 Million ICO to Layoffs in Less Than a Year

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BlockEx, a London-based platform for launching and exchanging tokens, was beset by a series of setbacks that led to downsizing.

ICO Firms Paid Themselves $24 Billion Absent of Accountability or Much Effort

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A BitMex report highlights the egregiousness of the ICO craze of 2017. Cryptocurrency companies were able to raise millions absent of accountability and with little work, and at the expense of likely unsophisticated buyers. The scathing report, released on Jan. 16th by BitMEX, on the ICO market in 2017-18 concluded token startups raised over $24 billion during…

European Banking Authority Calls for New Unified Legislation Regarding Crypto Assets

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The European Banking Authority has published its assessment of laws regarding crypto assets and urged the European Commission to draw new pan-EU rules that would increase consumer protection. Current EU Laws Enable Manipulation, EBA Says The European Union could be implementing a new set of laws regarding cryptocurrencies in the following year, as the Union’s…

The Biggest Problem for ICOs? In 2018, It Was Their Own Investors

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Hashed CEO Simon Seojoon Kim looks at the inherent limitations of ICOs, in particular the belief that “anyone can invest in an initial project.”