‘Gravity’s a B*tch’: BitMEX CEO Mocks Crypto Firms for Failure of ‘Poo Poo’ ICOs

The research team at BitMEX exchange has released a report in collaboration with TokenAnalyst which reveals that various ICO teams in 2018 gifted themselves a grand total of $24.2 billion worth of crypto tokens. The abstract of the piece is quick to state that “in reality liquidity was too low for this value to be

The post ‘Gravity’s a B*tch’: BitMEX CEO Mocks Crypto Firms for Failure of ‘Poo Poo’ ICOs appeared first on CCN

BitTorrent to Sell Crypto Token on Binance Launchpad

Binance’s cryptocurrency token creation platform Binance LaunchPad will introduce a minimum of one token to its users every month in this year, as revealed by the world’s largest crypto exchange today. The first projects that will be launched in this initiative include the TRON-affiliated BitTorrent and Fetch.AI. Crypto Giant Binance to Help BitTorrent with Token

The post BitTorrent to Sell Crypto Token on Binance Launchpad appeared first on CCN

Issuance of Final ICO Regulations in the Philippines Postponed by Market Regulator

Regulators in the Philippines have deferred the issuance of final rules on initial coin offerings to mid-January, the Philippine Star reports. The Securities and Exchange Commission of Philippines had been expected to issue the ICO regulations by the end of last year but this has now been postponed to an unconfirmed date. The deferment came

The post Issuance of Final ICO Regulations in the Philippines Postponed by Market Regulator appeared first on CCN

More Than 15% of Crypto Projects Have Serious Red Flags: Wall Street Journal

According to new research from the Wall Street Journal, more than 15% of crypto projects raising funds through initial coin offerings (ICOs) have serious red flags that should give investors pause. The investigation, which analyzed the whitepapers of 3,300 cryptocurrency offerings and ICOs launched in 2017 and 2018, found that 513 of them likely committed plagiarism,

The post More Than 15% of Crypto Projects Have Serious Red Flags: Wall Street Journal appeared first on CCN

Bear Market Forces Ethereum Startup “Status” to Trim 25% of Its Employees

A blockchain startup that raised operational funds in Ethereum has come in the middle of what is known as the “crypto winter.” Status, as the project is called, recently announced that it has laid off 25% of its workforce citing economic scarcity. In a recently published blog post, the startup blamed this year’s extended bearish

The post Bear Market Forces Ethereum Startup “Status” to Trim 25% of Its Employees appeared first on CCN

Billion-Dollar Crypto Fund Says 25% of ICOs in its Fund Could be Securities

In a newsletter to clients sent on Thursday, Pantera Capital CEO Dan Morehead revealed that one in four initial coin offering (ICO) projects the firm has invested in could be considered as securities under U.S. regulations. Morehead wrote: “While we believe the vast majority of the projects in our portfolio should not be affected, approximately

The post Billion-Dollar Crypto Fund Says 25% of ICOs in its Fund Could be Securities appeared first on CCN

ICO Death March? November Inflows Fall to $65M From Yearly High of $2.6 Billion

The latest statistics on initial coin offerings suggest that the best days of the fundraising mechanism may have long passed. According to digital assets newsletter Diar, the month of November recorded the lowest inflows into initial coin offerings (ICOs) in 2018. With US$65 million raised last month, this was in sharp contrast to this year’s

The post ICO Death March? November Inflows Fall to $65M From Yearly High of $2.6 Billion appeared first on CCN

Does the Fall of $158M Crypto ICO Show Necessity of Strict Regulation?

Recently, Sirin Labs, an initial coin offering (ICO) project that raised $158 million during the bull market of 2017, made the headlines for its controversial pivot from a hardware-based business model to supplying software to mobile phone manufacturers. According to a report released by Bloomberg, nearly a year since the ICO, the company has not

The post Does the Fall of $158M Crypto ICO Show Necessity of Strict Regulation? appeared first on CCN

‘Illegal Financial Activity’: PBoC Deputy Governor Warns Against STOs in China

Security token offerings (STO) – essentially initial coin offerings which are backed by tangibles such as a company’s revenues, profits or assets – are now officially banned in China. This emerged after the People’s Bank of China (PBoC) deputy governor, Pan Gongsheng, warned those issuing STOs that they were violating the law. “The STO business

The post ‘Illegal Financial Activity’: PBoC Deputy Governor Warns Against STOs in China appeared first on CCN

Analyst: Crypto ICOs in Crisis, Running Out of Money With No Products

In the bull market of 2018, initial coin offering (ICO) projects in the crypto market raised tens of millions of dollars on average from investors in the public market to create decentralized applications (dApps) and systems. Fast forward 12 months, most of the ICO projects that currently exist in the sector have either have no

The post Analyst: Crypto ICOs in Crisis, Running Out of Money With No Products appeared first on CCN