PlexCoin ICO organizer Dominic Lacroix has been found in contempt of court in Quebec for violating a ruling that barred Lacroix and his associated companies from holding an initial coin offering in Quebec or soliciting investors from the Canadian province. The Autorité des marchés financiers (AMF), Quebec’s chief financial regulator, announced in a statement that … Read more
Overstock subsidiary tZERO has announced a joint venture with Argon Group and RenGen LLC to launch the first ICO exchange that complies with SEC and FINRA regulations. Overstock Announces SEC-Compliant ICO Exchange The ICO market, which the company describes as an alternative trading system (ATS), purports to facilitate the trading of security tokens while maintaining … Read more
The much-hyped initial coin offering for decentralized storage project Filecoin concluded on Thursday. Despite being open only to accredited investors, the Filecoin ICO raised $257 million, shattering the previous record for a token crowdsale. Simply put, Filecoin plans to leverage unused data center and hard drive storage space to build a decentralized storage network. In … Read more
The Ethereum based prediction market, Gnosis, has raised around $12.5 million in just ten minutes, giving the project a valuation of $300 million due to the way the token sale was designed. The project used a Dutch auction model which is opened at a high price and then gradually decreases to find the optimal market … Read more