More than 40 North American state and provincial regulators have revealed they are working in a coordinated crackdown on fraudulent...
Fortress Alum Mike Novogratz is starting a $500mn hedge fund to invest in cryptocurrencies, ICOs and other companies in the blockchain space; he will start the fund with $150mn of his own money and raise the rest from family offices, fund managers and wealthy individuals; “This is going to be the largest bubble of our lifetimes,” Novogratz said to Bloomberg. "You can make a whole lot of money on the way up, and we plan on it.” Source.
The U.S. Securities and Exchange Commission has filed a lawsuit against Canadian messaging app Kik over their $100mn initial coin...
The collaborative paper between ethereum founder Vitalik Buterin and developer Jason Teutsch, creator of smart contract scalability project TrueBit, would produce what CoinDesk says is a potentially transformative protocol for ICOs; the new protocol would allow buyers the option to analyze bids on token sales; they are still early on in their development. Source.
The U.S. Securities and Exchange Commission launched a mock ICO to help educate investors; the HoweyCoin, named after the Howey...
In an opinion piece, William Mougayar who wrote, "The Business Blockchain" provides thoughts on initial coin offerings (ICOs); dozens of startups are planning ICOs and funds are also feeding an investment and speculation frenzy according to Mougayar; he notes that ICOs are a good alternative funding model but warns of potential issues outlined in the article. Source
The Wall Street Journal reviewed documents for 1,450 digital coin offerings and found a litany of problems; they found 271...