SEC Smacks ICO Fraudster with $30,000 Fine, Lifetime Trading Ban

The U.S. Securities and Exchange Commission (SEC) has issued an officer and director bar, a penny stock bar, and a penalty of $30,000 to a fraudulent ICO founder today. According to the official press release, David T. Laurance was previously found guilty for taking part in deceitful security offerings. Laurance’s LinkedIn profile shows that he is the president

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Did ICOs Cause Ethereum to Drop by 44% in 2 Weeks by Dumping on the Market?

Within a period of two weeks, from August 1 to August 14, the price of Ether, the native cryptocurrency of the Ethereum network, dropped by 44 percent. In 14 days, the price of Ethereum plummeted from $470 to $260, reaching its lowest point in 2018 by falling below the $300 mark for the first time

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ICOs Raised $8.3 Billion Last Quarter, but Most of them Were Abject Failures

Over half of all initial coin offering (ICO) projects failed to complete their crowdfunding in the second quarter of 2018, revealed cryptocurrency data firm ICORating in its latest report. ICOs Raised a Record $8.3 Billion in Q2, But Most Missed Their Targets The independent ICO analysis portal found that 55% of the ICOs failed in

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Crypto Downtrend Continues With Bitcoin at $7,680 in Weak Recovery Attempt

On August 1, the valuation of the crypto market fell to $270 billion as the price of Bitcoin declined by more than 7 percent from $8,300 to $7,500. Low Volume Over the past 24 hours, Bitcoin and other major digital assets have slightly rebounded, adding $3 billion to the valuation of the crypto market. However,

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Korean Shipwreck ICO Under Investigation for Possible Fraud

A South Korean treasure-hunting company called Shinil Group recently made headlines across the world once they announced an ICO after making the big discovery of a sunken Russiani battleship carrying gold worth $130 billion. Team members from the company posted a YouTube video on July 16th showing how they were able to allegedly find wreckage of the

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Another ICO Hacked: KICKICO Loses $8 Million After Smart Contract Breach

KICKICO, an initial coin offering (ICO) project launched on top of the Ethereum blockchain protocol, was hacked on July 27, losing more than 70 million KICK worth $7.7 million. Smart Contract Breach Dissimilar to most cryptocurrency, blockchain network, and token hacking attempts, the security breach of KICKICO was unique in that the hackers were able

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Bitcoin’s Volume Recovers as Augur Drop 18%, Tokens Take Huge Beating

Despite the strong performance of bitcoin over the past 24 hours, tokens have recorded large losses against both bitcoin and the US dollar, dropping by 10 to 20 percent. Bitcoin Volume Recovers But Tokens Struggle On July 22, CCN reported that the volume of bitcoin has dropped by more than 36 percent since July 20,

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Korean Firm Discovers $130 Billion in Gold from Sunken Russian Battleship, Plans To Launch ICO

Shinil Group, a South Korea treasure-hunting company, has announced that it will launch an ICO after discovering worth $130 billion in gold from the wreckage of the Russian cruiser Dmitrii Donskoi. Dmitrii Donskoi was scuttled in 1905 after being severely damaged in the Russo-Japanese War. Since then, it has been ‘found’ many times in the past two decades.

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Equity Crowdfunding Platform StartEngine Now Accepts Bitcoin

StartEngine, a U.S. based equity crowdfunding platform, has announced that it has started accepting investment contributions in bitcoin. Founded in 2014, the company has launched various ICOs and has helped raise capital for more than 150 startups. According to the Regulation Crowdfunding rules presented by the U.S. Securities and Exchange Commission (SEC), a funding portal

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Research: Over 1,000 Cryptocurrencies are “Dead Projects”

While not all cryptocurrencies and tokens are built to last, the math shows token projects and forked digital currencies abandoned, shut down, and scammed are far greater than one may think. “Dead Coins” As per data collated by Coinopsy and Dead Coins, two digital currency tracking websites, an estimated 1,000 cryptocurrencies projects are lacking any

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