Blockchain Journalism Startup Civil Refunds Investors after Failed ICO

Initial coin offering (ICO) operator Civil will refund investors due to the blockchain startup’s failure to reach its minimum sale cap. Civil will conduct another token sale in further efforts to build their Journalism business. Civil ICO Civil’s first ICO began in September and wrapped up this week. Their mission, according to their website, “is to help power

The post Blockchain Journalism Startup Civil Refunds Investors after Failed ICO appeared first on CCN

SpankChain Hacker Returns Stolen Ethereum, Earns $9,000 Reward

SpankChain ICOThe hacker who stole nearly $40,000 in ethereum from adult entertainment startup SpankChain has returned the stolen cryptocurrency, the company announced last night. According to messages posted on the company’s official Twitter account, SpankChain CEO Ameen Soleimani reached an agreement with the anonymous hacker after speaking to them on the phone. Following that conversation, the

The post SpankChain Hacker Returns Stolen Ethereum, Earns $9,000 Reward appeared first on CCN

SEC Halts Fraudulent ICO that Falsely Claimed Regulatory Approval

SEC ICO CryptocurrencyThe U.S. Securities and Exchange Commission (SEC) announced on Thursday that it had obtained an emergency court order to halt an initial coin offering (ICO) that fraudulently claimed to have SEC approval. According to the complaint, which was filed under seal on Oct. 3, Blockvest LLC and its founder — Reginald Buddy Ringgold, III, aka

The post SEC Halts Fraudulent ICO that Falsely Claimed Regulatory Approval appeared first on CCN

South Korea Remains Firm on ICO Ban Despite Calls for Legality, For Now

South Korea ICOThe chairman of South Korea’s primary markets regulator has reaffirmed the authority’s initial coin offering (ICO) ban in a top-level meeting on Thursday. Financial Services Commission (FSC) Chairman Choi Jong-ku has told lawmakers during the annual government audit in a parliamentary meeting that the authority will stick to its policy of a sweeping blanket ban

The post South Korea Remains Firm on ICO Ban Despite Calls for Legality, For Now appeared first on CCN

U.S. SEC Gets Tougher with Crackdown on ICO Funded Startups

SEC ICO CryptocurrencyThe U.S. Securities and Exchange Commission (SEC) has intensified efforts to crack down on Initial Coin Offering (ICO) funded startups. The financial regulator who had sent out a number of subpoenas to startups that failed to comply with its rules at the beginning of the year seems to be exerting more pressure on those startups

The post U.S. SEC Gets Tougher with Crackdown on ICO Funded Startups appeared first on CCN

Indiegogo’s First Security Token ICO Raised $18 Million

Indiegogo cryptocurrency ico stoThe owner-operator of the St. Regis Aspen Resort has concluded its security token offering (STO), raising $18 million in the first equity ICO hosted on the Indiegogo platform. Asset management firm Elevated Returns, the owner of St. Regis Aspen, on Tuesday announced that accredited investors had purchased all $18 million worth of Aspen Coins made

The post Indiegogo’s First Security Token ICO Raised $18 Million appeared first on CCN

‘We Got Spanked’: Adult Entertainment ICO Suffers $38,000 Hack

SpankChain ICO Hack“We got spanked.” That’s the message that SpankChain, the initial coin offering (ICO) funded adult entertainment website, used to inform its users that a hacker had exploited a bug in one of its smart contracts to abscond with 165.38 ETH, worth about $38,000 at the time of the theft. Another $4,000 worth of the platform’s

The post ‘We Got Spanked’: Adult Entertainment ICO Suffers $38,000 Hack appeared first on CCN

United Arab Emirates to Approve ICOs as ‘Securities’ in 2019 to Boost Corporate Funding

UAE ICOsThe United Arab Emirates (UAE) is pressing ahead with plans to introduce initial coin offerings (ICOs) as means toward fundraising for companies and startups in 2019. In an effort to boost financing in capital markets, the UAE will enable domestic companies to raise funding by offering cryptocurrency tokens to investors alongside traditional means like shares

The post United Arab Emirates to Approve ICOs as ‘Securities’ in 2019 to Boost Corporate Funding appeared first on CCN

Court Authorizes Cryptocurrency Firm to Reclaim 530 ETH Sent to Wrong Address

ethereum cryptocurrency lawThe Supreme Court of British Columbia has issued a major ruling in a case stemming from a dispute over ethereum (ETH) tokens mistakenly sent to an initial coin offering (ICO) investor, and it could have implications for cryptocurrency users or exchanges outside of the litigants involved in the case. The ruling, which was issued by

The post Court Authorizes Cryptocurrency Firm to Reclaim 530 ETH Sent to Wrong Address appeared first on CCN

Opinion | What is a Security Token Offering (STO) and Why You Need an Advisor

About the Author: Jaron Lukasiewicz is the CEO and founder of Influential Capital. Jaron has been an executive in the industry since 2012, previously serving as CEO of Coinsetter, one of the first bitcoin exchanges in the US, and Cavirtex, a leading exchange in Canada. Both companies were acquired by Kraken in 2016. He runs a YouTube channel

The post Opinion | What is a Security Token Offering (STO) and Why You Need an Advisor appeared first on CCN