TagICOs

Bitcoin Bull John McAfee Responds to $100M 'Zombie ICO' Lawsuit

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John McAfee

Bitcoin bull John McAfee wants to resolve his dispute with the South China Zombie Research Centre over their "zombie ICO" partnership. China Zombie threatened to file a $100 million lawsuit against McAfee. In an angry tweetstorm, China Zombie claims McAfee trashed them in a white paper they had hired him to write to promote their ICO. McAfee claims he was paid $4.5 million upfront to shill the...

2018 in 4 Words - ICOs and Ethereum Died

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Unless you’re Spencer Bogart, most people would agree that 2018 has been a dismal year for crypto--even if they don’t say it on their Twitter feeds. If you want to sum up the year in four words, you could try using these: ICOs and Ethereum are dead. Forums, Telegram groups, Slack chats, there’s no shortage of predictions for Ethereum's collapse, ICOs futures, FUD, and personal nagging fears about...

France’s Finance Minister Plans ICO Regulations in Bid to Attract Crypto Startups

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France ICO

According to a recently published opinion piece, France’s finance minister Bruno Le Maire revealed that the country plans on creating a legal framework for initial coin offerings (ICOs) in a bid to become a leading ICO hub. In the opinion piece, published on French website Numerama, Le Maire claims he asked former central bank official Jean-Pierre Landau to draft a proposal for a legislative...

Cryptocurrency Hedge Fund: We'll Succeed, Even if Bitcoin Ends Up Defunct

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Dan Morehead, chief executive officer (CEO) and co-chief investment officer of struggling cryptocurrency hedge fund Pantera Capital, recently claimed that even if bitcoin fails like Pets.com did during the dot-com bubble, the hedge fund would still see investors make money. According to CNBC, Morehead’s reasoning was that cryptocurrencies are revolutionary and here to stay. Using now-defunct Pets...

Bitcoin, Ethereum Prices May More Than Triple in 2018, Survey Finds

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According to a survey conducted by popular comparison website Finder and published in the South China Morning Post (SCMP), various blockchain industry participants expect the price of the top two cryptocurrencies, Bitcoin and Ethereum, to more than triple by the end of the year. In the survey, nine blockchain industry participants were asked about the potential price trajectory of the world’s top...

SEC Targets ICOs in Broad Cryptocurrency Markets Investigation

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SEC ICO Cryptocurrency

While all may seem quiet on the regulatory front, it could just be the calm before the storm. The US Securities and Exchange Commission is pursuing a broad investigation into ICOs, one in which numerous subpoenas and requests for information have been issued to a number of blockchain startups, according to The Wall Street Journal. The SEC apparently wants insight into the moving parts that...

Switzerland Lays out Guidelines in Support of ICOs

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Switzerland’s financial watchdog, the Swiss Financial Market Supervisory Authority (FINMA), recently published initial coin offering (ICO) guidelines that reveal the regulator will oversee the fundraisers and regulate them either under anti-money laundering laws, and as securities. The guidelines show FINMA is looking to clarify how token issuers should proceed in the country, as the regulator...

$180,000 Salaries: Blockchain Developers in High Demand in Switzerland

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Blockchain developers in Switzerland are in high demand, with many on salaries amounting to as much as $180,000 a year. It seems that having the necessary skills in the technology is where the money is at. So much so, that according to Thomas Bertani, the CEO of Swiss-based Eidoo, developers can demand as much as $10,000 to $15,000 a month in the country, amounting to $120,000 and $180,000 a...

Belarus Legalizes Cryptocurrency Payments & Initial Coin Offerings (ICOs)

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Belarus, a country wedged between Russia and the European Union, recently legalized cryptocurrencies and Initial Coin Offerings (ICOs), in a move that’s set to drive private sector growth and attract foreign investors to the country, a former communist republic that’s still dominated by its state, filled with inefficient enterprises, and dependent on its neighbor Russia’s money and subsidies...

This Russian Presidential Candidate Wants to Legalize Bitcoin

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Boris Titov Bitcoin

Boris Titov, a Russian businessman/ombudsman and bitcoin advocate, recently revealed he will participate in the presidential elections in 2018. Titov, the leader of Russia’s Party of Growth, revealed that he would legalize popular cryptocurrencies such as bitcoin and ethereum and that people would be able to store them in banks and exchanges, having the ability to pay for things outside of Russia...

South Korean Government to Allow Institutional Investors to Participate in ICOs

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According to a report by Chosun, a leading mainstream news publication in South Korea, the South Korean government is planning to allow initial coin offerings (ICOs) in the near future, with strict regulations and policies in place. ICO Will Not be Banned For All, Open For Institutional Investors Chosun’s exclusive report revealed that the South Korean Ministry of Strategy and Finance, Financial...

China's Central Bank Believes Bitcoin will be Dead in a River

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PBOC China ICO Ban Cryptocurrency

A People's Bank of China (PBoC) official has stated that he thinks bitcoin will end up floating down a river as a dead body. Speaking at a financial forum in Shanghai, Pan Gongsheng, a deputy governor of the PBoC, spoke about the central bank's September decision to crack down on domestic digital currency exchanges and initial coin offerings (ICOs). According to him, it was 'scary to think about'...

New Zealand's Regulator Warns Against Teenager's NZD$220 Million ICO

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New Zealand's Financial Markets Authority (FMA) has issued a warning to potential investors to stay away from a teen's NZD$220 million cryptocurrency venture, fearing that its success may be overblown. In August, 19-year-old Ashutoush Sharma, a former student at Auckland Grammar, launched e-commerce site Sell My Good. This week, he began accepting investor funds with the aim of raising $220...

Singapore's Central Bank Issues New Guidelines on ICO Securities Laws

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Singapore's central bank has issued new guidelines on initial coin offerings (ICOs) providing guidance on how tokens should be applied under its securities laws. In its 13-page document titled 'A Guide to Digital Token Offerings,' the Monetary Authority of Singapore (MAS), Singapore's central bank and financial regulator, wrote that: Offers or issues of digital tokens may be regulated by MAS if...

Interview: Bitcoin Exchange Binance on China's ICO Ban, Burning $1.5 Million in Tokens & More

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Binance

Cryptocurrency exchange Binance, which launched with 0% trading fees in an attempt to heat up competition among exchanges, recently announces its Q1 results and revealed that, as planned in its whitepaper, it burned 986,000 Binance Coins (BNB), worth about $1.5 million. These, the exchange revealed, equaled 20% of its profits. The exchange’s whitepaper details that it will buy back 50% of its...

ICO Ban in Japan a 'Definite Possibility'

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Japan is a powerhouse in the cryptocurrencies market, trading about 63% of the world’s Bitcoin. However, ban of Initial Coin Offering (ICO) by some Asian countries has investors worried that Japan could follow suit. ICOs are the new radical form of crowdfunding. Companies are raising funds in the form of cryptocurrencies through selling crypto tokens to investors. ICOs are now a go-to method for...

Ripple CEO Garlinghouse: Governments' ICO Regulation is Good

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Several regulators around the world have issued guidelines focusing on ICOs with some prohibiting their operations; however, Ripple’s CEO believes governments are right to regulate them. Speaking to CNBC, Brad Garlinghouse, CEO of blockchain firm Ripple and the XRP token, said that while there are plenty of ICOs, he doesn’t believe that new digital currencies are ‘solving real problems.’ He...

Jamie Dimon Should "Do Some Homework" on Bitcoin, says Tech VC

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Jamie Dimon Bitcoin

JP Morgan’s chief executive Jamie Dimon, who earlier this year labeled bitcoin a “fraud” and stated that it would eventually be closed because it was “not a real thing,” was recently slammed by Bart Stephens, co-founder and managing partner of San Francisco-based venture capital firm Blockchain Capital, who said he should “do some homework” on bitcoin. Jamie Dimon’s initial comments, that...

Hong Kong Exchange Gatecoin Will Delist ‘Securities’ ICO Tokens

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Gatecoin ICO

Gatecoin will delist tokens deemed as ‘securities’ by Hong Kong’s financial regulator from its exchange following a compliance review in the face of regulatory scrutiny. Hong Kong-based cryptocurrency exchange Gatecoin has revealed that certain ICO tokens listed on its platform will be delisted if they are classified as ‘securities’ under law. As CCN reported last month, the Securities and...

Australia Releases Guidelines on ICO Fundraising, Recognizes Potential

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As financial regulators around the world issue warnings about initial coin offerings (ICOs), the Australian Securities & Investments Commission (ASIC) has released their own guidelines for businesses who are considering raising funds through ICOs. ASIC, which serves as Australia's corporate, markets and financial services regulator, is tasked with the job of ensuring that the country's...

It's 'Worth Nothing': Jamie Dimon Takes Another Shot at Bitcoin

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For the second time, in a matter of weeks, Jamie Dimon, CEO of JPMorgan Chase, has spoken out against cryptocurrencies and bitcoin. In an interview with CNBC-TV18 in New Delhi, India, Dimon said: Right now these crypto things are kind of a novelty. People think they're kind of neat. But the bigger they get, the more governments are going to close them down. Earlier this month, Dimon called...

Starbase Enables Innovative Projects New Crowdfunding Opportunities Using Blockchain Technology

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To be successful, various startups need to opt for fundraising solutions so they can get their products or services out there. Although some have been successful, on average less than 20% get to a Series B funding round, and less than 0.5% “matriculate” to Series F. Often, these fundraising solutions aren’t globally oriented and take too much time. This end up being extremely expensive for...

Bitcoin, Cryptocurrencies Fulfill PayPal's Original Goal, Says Ex PayPal COO

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Bitcoin has slowly been challenging PayPal. Recently, CCN reported that bitcoin topped PayPal’s market cap after breaking $4,000 for the first time, and soaring past a $70 billion market cap. Back in 2016, PayPal announced it appointed the founder and CEO of Xapo, Wences Casares, to its board of directors. As bitcoin surpasses PayPal, CNBC’s Eric Jackson caught up with former PayPal COO David...

Singapore's Central Banks Says ICOs May Be Regulated as Securities

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ICOs

The Monetary Authority of Singapore (MAS) has announced that it would regulate the issuance of digital tokens or initial coin offerings (ICOs) and that they could fall under the Securities and Futures Act. The country's central bank's decision to clarify its position regarding ICOs comes at a time when Singapore is experiencing an increase in the number of token sales as a means of rising funds...

Chinese Blockchain Association Issues Protocol to Regulate ICOs

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ICOs

Six Chinese blockchain companies have released a joint protocol designed to manage financial risks for initial coin offerings (ICOs) in China. The joint protocol, 'Guiyang Blockchain ICO Consensus', was proposed by Guizhou Blockchain Industry Technology Innovation Alliance, Zhongguancun Blockchain Industry Alliance, Blockchain Finance Association, Guiyang Blockchain Innovation Research Institute...

KICKICO Allows ICO Investors to Hedge against Poorly Executed Projects

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Initial Coin Offerings (ICOs) are seemingly the next big thing, so much so that in the first half of 2017, as reported by CCN, a whopping $1.2 billion were raised through ICOs, meaning they outstrip venture capital investments in bitcoin and blockchain firms by a wide margin. Be that as it may, these ICOs are still riddled with issues that can’t be ignored. One of them is the fact that some of...

CoinDash ICO Hacked; Start-Up Halts ICO, Releases Statement

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Stellar Lumens

CoinDash was scheduled to begin its much hyped ICO today. This author had been in the process of reviewing it for CCN’s sister site, Hacked, when we learned that there was a hack. Thus, we can’t properly review the ICO as of yet. Nevertheless, some people did send Ether to the wrong address. The author was somehow privy to a preview of the platform, or something: In a statement, CoinDash wrote in...

Can Smart Contracts Revolutionize Companies and Freelancing?

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There are 53 million freelancers in America alone in what some are calling a workplace revolution. One aspect of smart contracts could accelerate this process and perhaps provide a glue for freelancers to join forces. It promises to make us all CEOs and board of directors while getting rid of useless job interviews and 9-5 work hours. But, let’s go a bit slower. In a high-level advisory meeting...

IMF Holds Private Blockchain Focused Advisory Meeting

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IMF held today its first high-level advisory meeting on Fintech with most of the focus being on blockchain technology. According to IMF’s website, the focus was on discussing: How new technologies can disrupt the nature and provision of financial services and the implications that these changes may have for financial stability and regulation. A number of senior-level executives, including Jeremy...