SEC

ICO Reckoning – SEC sues ICO Promotor ICOBox and its founder Nikolay Evdokimov

Leave a Comment / ICO and Token Placement, Regulation, Securities Fraud / By

The evolving crypto scam scene Parallel to the hype of binary options, a broker scene specialized in crypto scams developed since 2016. This development was fuelled by the Initial Coin Offerings (ICO), with which a lot of fraud was committed against retail investors. Mostly worthless projects and/or companies have received an estimated $30 billion from …

ICO Reckoning – SEC sues ICO Promotor ICOBox and its founder Nikolay Evdokimov Read More »

Regulatory Complaint – SEC charges Kik with conducting $100 million unregistered ICO

Leave a Comment / ICO and Token Placement, Regulation / By

The U.S. Securities and Exchange Commission (SEC) sued Kik Interactive Inc. for illegally raising $100 million through its Initial Coin Offering (ICO) in 2017. The regulator charges that Kik sold the tokens to U.S. investors without registering their offer and sale as required by the U.S. securities laws. The Complaint was filed on June 4, …

Regulatory Complaint – SEC charges Kik with conducting $100 million unregistered ICO Read More »

Former SEC attorney claims Bitcoin’s value derives from its potential to facilitate criminal activity

Leave a Comment / Regulation / By

In his column for Law360, former SEC Attorney John Reed Stark once again spoke out massively against Bitcoins. However exciting, disruptive and innovative the blockchain technology may be, the value of the Bitcoin would only result from its inherent criminal potential. Much of bitcoin’s value, outside of mere speculation, is derived solely from its ability …

Former SEC attorney claims Bitcoin’s value derives from its potential to facilitate criminal activity Read More »

Weekly Crypto Note – Crypto Winter May Come To An End

Leave a Comment / Regulation / By

In December 2017, the Bitcoin price scratched the $20,000 mark. The ICO hype was at its peak and produced a huge amount of new cryptocurrencies. Most of these cryptos were/are worth nothing and have largely disappeared in the meantime. In 2017, however, these new cryptos were sought-after objects of speculation. An end in itself. To …

Weekly Crypto Note – Crypto Winter May Come To An End Read More »

THE CONSEQUENCES OF UNREGISTERED PUBLIC SECURITY TOKEN SALES

Leave a Comment / ICO and Token Placement, Regulation / By

On July 25 2018 the U.S. SEC issued a so-called Section 21(a) report of its investigation into an offering of cryptographic blockchain tokens by “The DAO,” the acronym of “Distributed Autonomous Organization. Even though the SEC did not take any enforcement action against The DAO people, the agency warned others engaged in similar activities that …

THE CONSEQUENCES OF UNREGISTERED PUBLIC SECURITY TOKEN SALES Read More »

MISLEADING ICO COMMUNICATION MAY BE SECURITIES FRAUD

Leave a Comment / ICO and Token Placement, Regulation / By

After the collapse of the ICO-Hype, the great awakening of regulators and investors takes place. It is becoming increasingly clear that most of the ICOs were carried out either negligently or even fraudulently. Nevertheless, investors happily paid many billions of dollars for questionable tokens issued in those ICOs. According to CoinSchedule, between 2016 and 2018 …

MISLEADING ICO COMMUNICATION MAY BE SECURITIES FRAUD Read More »

U.S. SEC SETTLES WITH CRYPTO PROMOTORS FLOYD MAYWEATHER AND DJ KHALED

Leave a Comment / Regulation / By

The U.S. Securities and Exchange Commission (SEC) settled charges against professional boxer Floyd MAYWEATHER JR. and music producer Khaled KHALED, known as DJ Khaled, for failing to disclose payments they received for promoting investments in Initial Coin Offerings (ICOs). These are the SEC’s first cases to charge touting violations involving ICOs. The SEC’s orders found …

U.S. SEC SETTLES WITH CRYPTO PROMOTORS FLOYD MAYWEATHER AND DJ KHALED Read More »

BLOCKVEST: SEC STOPS FRAUDULENT ICO FALSELY CLAIMING SEC APPROVAL

Leave a Comment / ICO and Token Placement, Regulation / By

Another day, another crypto-fraud. The U.S. Securities and Exchange Commission (SEC) today announced that it has obtained an emergency court order halting a planned Initial Coin Offering (ICO). The promoters of this ICO falsely claimed that it was approved by the agency. The order also halts ongoing pre-ICO sales by the company, Blockvest LLC and …

BLOCKVEST: SEC STOPS FRAUDULENT ICO FALSELY CLAIMING SEC APPROVAL Read More »

SEC CLOSED DOWN CRYPTO-VENTURE TOKENLOT AS UNREGULATED BROKER-DEALER

Leave a Comment / ICO and Token Placement, Regulation / By

With TokenLot, the SEC has closed a distributor secondary market operator for ICO coins. In a settlement with the SEC, the operators also have to pay a fine because they have operated a regulated business without the corresponding SEC permission. This was the second time this week that a crypto business had been closed down …

SEC CLOSED DOWN CRYPTO-VENTURE TOKENLOT AS UNREGULATED BROKER-DEALER Read More »

FIRST-EVER SEC ENFORCEMENT ACTION AGAINST CRYPTO-HEDGE FUND

Leave a Comment / Regulation / By

The U.S. SEC continues its strict policy towards the still unregulated crypto-scene. With the first-ever action against a crypto- investment company, the SEC is once again demonstrating zero tolerance when it comes to investor protection and false public statements to potential investors. As a consequence, the SEC has ordered the shutdown of this investment company …

FIRST-EVER SEC ENFORCEMENT ACTION AGAINST CRYPTO-HEDGE FUND Read More »