The U.S. Securities and Exchange Commission has filed a lawsuit against Canadian messaging app Kik over their $100mn initial coin...
The Wall Street Journal reviewed documents for 1,450 digital coin offerings and found a litany of problems; they found 271...
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.
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
More than 40 North American state and provincial regulators have revealed they are working in a coordinated crackdown on fraudulent...
The U.S. Securities and Exchange Commission launched a mock ICO to help educate investors; the HoweyCoin, named after the Howey...
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.