Bear Effect: SEC Crypto Crackdown Precedes 48% Drop in ICO Funding

The amount of money that initial coin offerings attracted in this year’s third quarter fell significantly compared to the second quarter. According to a report by crypto market analysis firm ICORating, the amount that was raised via ICOs from July to September reduced by 48 percent compared to what was raised from April to June The post Bear Effect: SEC Crypto Crackdown Precedes 48% Drop in ICO Funding appeared first on CCN

Read More

NEO Founder: Blockchains are Over-Regulated

Da Hongfei, the founder of Antshares (presently and best known as NEO), believes that blockchains and cryptocurrencies are over-regulated in the extreme. In fact, he was recently quoted in a discussion with 8BTC as saying: In essence, blockchain can barely survive within the existing financial regulation system. A licensed institute may find it unnecessary to The post NEO Founder: Blockchains are Over-Regulated appeared first on CCN

Read More

Beyond Crypto Friendly: Swiss Bank Helps Clients Participate in ICOs

Here’s something we don’t hear every day: a Swiss bank has opted to enable its clients to participate in initial coin offerings easily. The bank, Swissquote, has previously allowed customers to trade in cryptos. This is, to say the least, an unusual service for a fiat banking institution. Additionally, Swissquote offers traditional FOREX trading and The post Beyond Crypto Friendly: Swiss Bank Helps Clients Participate in ICOs appeared first on CCN

Read More

SEC Director Vows ‘More Substantial’ Enforcement Against Illegal ICOs

U.S. Securities and Exchange Commission (SEC) co-director of enforcement Stephanie Avakian mentioned in a Sept. 20 speech that the regulatory agency is most likely going to recommend “more substantial remedies” against those who fail to follow proper initial coin offering (ICO) registration requirements in the future According to a transcript of the speech posted on … Continued The post SEC Director Vows ‘More Substantial’ Enforcement Against Illegal ICOs appeared first on CCN

Read More

Crowdfunding Giant Indiegogo Lists First Security Token ICO

Crowdfunding giant Indiegogo has announced that it will expand its nascent initial coin offering (ICO) listing service to include security tokens, and the first such offering is now live on its platform. The first security token made available through Indiegogo’s ICO platform is that of St. Regis Aspen Resort, a luxury hotel nestled in Colorado’s The post Crowdfunding Giant Indiegogo Lists First Security Token ICO appeared first on CCN

Read More

CFTC Issues New Warning on Utility Tokens & Other Cryptocurrencies

The United States Commodity Futures Trading Commission (CFTC) has issued another warning to consumers, advising them to exercise caution and carry out comprehensive research before investing in any cryptocurrencies, including those advertised as utility coins or consumption coins. The alert, which came in the form of a Customer Advisory warning posted on the CFTC website The post CFTC Issues New Warning on Utility Tokens & Other Cryptocurrencies appeared first on CCN

Read More

Binance Leads $12 Million Funding Round in Tokenization Startup Republic

A retail investment platform called Republic recently completed $12 million in financing to tokenize its platform and introduce its own security token, led by Binance Labs and NGC ECO Fund. The financing round was also supported by ZK Capital, Oyster Ventures, FBG Capital, Hazoor Capital, East Chain, Zhen Fund and others. Republic — which last year The post Binance Leads $12 Million Funding Round in Tokenization Startup Republic appeared first on CCN

Read More

US Lawmaker Calls For ‘Light Touch’ on ICO Regulation

US Rep. Warren Davidson (R-OH) said a “light touch” regulatory framework is needed for the initial coin offering (ICO) market during a CNBC  “Squawk Box.” interview. Davidson is a member of the House Financial Services Committee of the House of Representatives. “We want to make sure that the United States’ capital markets stay strong and The post US Lawmaker Calls For ‘Light Touch’ on ICO Regulation appeared first on CCN

Read More