SEC Details Reasons For ICO ‘Suspensions,’ Warns About Pump-And-Dump

SEC Details Reasons For ICO ‘Suspensions,’ Warns About Pump-And-Dump

admin Bitcoin Regulations, bitcoin scams, Blockchain News, Blockchain Start-Ups, ICO's 0 Comments

The US Securities and Exchanges Commission (SEC) has issued a warning about ICOs and reasons it could “suspend” them in future. A circular from the regulator’s Office of Investor Education and Advocacy Monday focuses on “potential scams involving stock of companies claiming to be related to, or asserting they are engaging in” ICOs. In the bulletin, the SEC highlights three reasons it could “suspend trading” for “public interest” if an ICO provider is found to have fallen short of the law. These are: “A lack of current, accurate, or adequate information about the company – for example, when a company has not filed any periodic reports for an extended period; Questions about the accuracy of publicly available information, including in company press releases and reports, about the company’s current operational status and financial condition; or Questions about trading in the stock, including trading by insiders, potential market manipulation, and the ability to clear and settle transactions in the stock.” The update follows legislative clarifications from the SEC last month, in which it stated it would look at tokens on a case-by-case basis to establish whether or not each constitutes a security under its jurisdiction. In an explicit nod to some of the more volatile tokens which have entered …

Bitcoin Bubble Debate Escalates as Traditionalists Clash with Bullish Believers

Bitcoin Bubble Debate Escalates as Traditionalists Clash with Bullish Believers

admin Bitcoin Cash, CoinGreed, Cryptocurrency, Gold, Hard Fork, ICO's 0 Comments

A fresh growth spurt for Bitcoin has seen traditional investors once again surface to comment that the digital currency bubble is on the verge of bursting. But those involved are bullish and optimistic that the real growth has not even begun yet. It is not only the growth of Bitcoin, which has been unprecedented this year alone but the birth of altcoins and the ease in which money is seemingly created from nothing through ICOs. Bitcoin’s fork, and the creating of Bitcoin Cash is another ‘bubble-warning,’ apparently. A year of growth Bitcoin, and cryptocurrencies in general, have staggered many with the way in which they have grown in 2017 alone. A new high of $3,500 was achieved earlier this month when Bitcoin succeeded beyond its Aug. 1 ‘Independance day.’ This growth has also seen a host of other altcoins and their value dragged up with the original cryptocurrency. These altcoins have come from the creation of highly popular ICOs, which have seen record falls almost weekly as one outdoes another. At the start of 2017, the total value – or market cap – of all cryptocurrencies in existence was about $17.5 bln, with Bitcoin making up almost 90 percent of that, according to CoinMarketCap. It is now around …

Despite the FUD, SEC-Compliant ICOs are Just Around The Corner

Despite the FUD, SEC-Compliant ICOs are Just Around The Corner

admin Bitcoin Cash, Hard Fork, ICO's, SEC 0 Comments

Summary: The cryptocurrency space had an eventful July. Not only did the Bitcoin network prepare for the Bitcoin Cash hard fork, but the SEC also released a scathing report on ICO token sales. Given the uncertainty that lies ahead for ICOs, legal experts and compliance firms are quickly gearing up to protect both investors and creators of ICOs. Cointelegraph keeps you up to date with the latest and most important regulatory news in digital currencies. Thin red line Potential ICO investors and those planning token sales were rocked earlier this month when the SEC issued a report on July 25. The SEC report offered a scathing indictment of ICOs, ruling that the vast majority of “initial coin offerings” were actually securities offerings dressed up under a thin veil. We at Cointelegraph are in touch with some of the leading legal experts in the digital currency space, but there are not yet any clear guidelines for what the SEC might require in the future. Many planned are ICOs are still going ahead, but some are considering excluding US residents. This is not an ideal solution, however, as it seriously limits the amount of capital that such offerings might raise. Ultimately, compliance costs are going …

AdShares – P2P market for programmatic ADS

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Adshares ICO model Adshares Token sale uses a novel approach with dynamic token price and elastic supply. We designed that scheme to alleviate common problems with existing ICOs. Main issues that we have targeted are incentives for developers and FOMO. To achieve our goals we use dynamic token pricing, continuous token buyback and withdrawals spread over time. Token prices depends on the amount of tokens in circulation Token prices depend on a number of tokens in circulation. We do not limit the number of tokens that can be issued, but the price of sold tokens depends on circulating supply. We sell tokens for a flat price until we reach a minimum financing. From then on, each next token costs more, so there is a natural cap on issuance. ICO contract will automatically buyback tokens to reduce the risk for token buyers and to give good incentives for the dev team. Price paid by the contract are calculated using the same formula (minus spread). Funds gathered in the contract cannot be withdrawn at once. Dev team can request maximum 1% of funds each week, so they have an incentive to work hard or risk that tokens will be sold to contract and team …

TokenCard

Ethereum Based Debit Card ‘TokenCard’ ICO Raises $12.7 Million in 30 Minutes

admin Altcoins, Bitcoin 2.0, ICO's, Smart Contracts, Visa 0 Comments

TokenCard, which according to their website aims to create a smart contract powered debit card, just managed to raise almost $13 million in about 30 minutes through eth itself as well as other ethereum based tokens, such as SingularDTV (SNGLS). The majority of the funding came through eth, with almost 170,000 sent, valued at around $12,782,000. Some 1.6 million SNGLS tokens were sent with the next biggest being 6,600 Golem (GNT) tokens, which in combination are valued at around half a million dollars. Tokencard ICO stats according to their website. So the figures sort of don’t add up, but they could be using a different price for eth. The token sale, however, has encountered problems. An ethereum proponent and ICO participant found out that those who sent SNGLS received far more tokens than those who sent eth, paying a dollar equivalent of $0.0699 per token while ethers paid in a range of $0.52 to $0.78. A representative from Monolith Studio, which is to create the TokenCard, stated “all is fine” before adding that “on a scale for [sic] 1 to 10 in terms of seriousness; this is a 1.” Many would disagree, giving blatant unfairness in the token sale process, …