ICO PR Stunt Turns Tragic after Guide Dies Scaling Mt. Everest

A promotional stunt for a Ukranian startup’s upcoming initial coin offering (ICO) turned tragic after a sherpa reportedly died while helping a group of climbers hide a cryptocurrency wallet at the summit of Mt. Everest. According to FT Alphaville, social networking startup ASKfm sponsored a promotion to hide a Ledger wallet containing 500,000 ASKfm tokens

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Russia’s Central Bank Will Host an ICO Pilot on its Regulatory Platform

Russian banking giant Sberbank and the country’s National Settlement Depository will test an initial coin offering on a central bank regulatory platform. Sberbank and the National Settlement Depository (NSD), Russia biggest bank and the securities depository respectively, will test the issuance of an initial coin offering (ICO) on a regulatory platform established by the Bank

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Singapore Warns 8 Crypto Exchanges Against Unauthorized Securities Trading

Singapore’s central bank and financial regulator has warned eight crypto exchanges against facilitating the trading of digital tokens deemed as securities and futures contracts without prior approval. In an announcement today, the Monetary Authority of Singapore (MAS) revealed it had reminded eight unnamed crypto trading platforms to seek its authorization prior to offering any trading

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SEC Chair Jay Clayton Applauds Operation Crypto Sweep’s Crackdown on ICO Scams

Jay Clayton, chairman of the U.S. Securities and Exchange Commission, praised state-level regulators across the United States and Canada for cracking down on cryptocurrency fraud through their joint task force — “Operation Crypto Sweep.” “I applaud our fellow regulators in the United States and Canada who are coordinating and participating in efforts to police fraud

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Boston Stock Exchange Partners tZero to Launch Regulated Security Token Exchange

The operator of the Boston Stock Exchange has announced a partnership with Overstock subsidiary tZero to launch the world’s first regulated security token exchange. The joint venture, unveiled on Tuesday, will see tZero and Boston Stock Exchange company BOX Digital Markets develop a regulated venue that facilitates the trading of blockchain tokens that are classified

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‘Operation Crypto Sweep’: US and Canada Investigate 70 Cryptocurrency, ICO Scams

U.S. and Canadian regulators have opened about 70 investigations into cryptocurrency scams and fraudulent initial coin offerings as part of a wide-ranging, coordinated crackdown called “Operation Crypto Sweep.” The North American Securities Administrators Association (NASAA) said it has sent cease-and-desist letters to operators of what they believe are sham crypto companies in more than 40

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ICO Scams Have Raised More Than $1 Billion, Report Claims

By large, cryptocurrency investors, enthusiasts, and observers are aware of the number of “shitcoins” in circulation. But, Wall Street Journal suggests that the number of fraudulent cryptocurrencies available today could be much more than earlier thought, quoting a figure of over 200 as an estimate. Which Is the Most Legitimate Of Them All? Facing the

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Bitcoin Bull John McAfee Accused Of Shilling Sham ICO After Charging $500,000 A Tweet

Bitcoin bull John McAfee is accused of promoting a sham initial coin offering by a group called Pink Taxi, which allegedly stole intellectual property from a blockchain-based taxi platform called A2B Taxi Token. The controversy erupted on May 17, after McAfee promoted an ICO for Pink Tax Group Ltd. U.K. on Twitter. “I am advising and

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Texas Shuts Down ICO that Used Fake Jennifer Aniston Endorsement

The Texas State Securities Board has shut down an initial coin offering (ICO) that it claims used fake endorsements from Jennifer Aniston and other celebrities to fraudulently promote its token sale. Filed on Wednesday, the emergency cease-and-desist order alleges that — in addition to illegally peddling unregistered securities — Wind Wide Coin used photographs of

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‘HoweyCoin’: SEC Trolls Crypto Fraudsters with Fake ICO Campaign

In a landmark embrace of technological innovation, the US Securities and Exchange Commission (SEC) has announced that it will issue its own cryptocurrency – HoweyCoin – through an initial coin offering (ICO). Okay, that’s not actually true, but the agency has constructed a clever campaign intended to teach investors how to identify ICO scams –

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