SEC Bars Founder For Fraud ICO To Fund Oil Exploration

Crime, ICO News, Investing, News | August 14, 2018 By:

The Securities and Exchange Commission today obtained permanent officer-and-director and penny stock bars against the founder of a company who perpetrated a fraudulent initial coin offering (ICO) to fund oil exploration and drilling in California.

According to the SEC’s order, David T. Laurance and Tomahawk Exploration LLC attempted to raise money through the sale of blockchain-based digital tokens called “Tomahawkcoins.” The SEC’s order finds that the defendants’ promotional materials used inflated projections of oil production that were contradicted by the company’s own internal analysis and misleadingly suggested that Tomahawk possessed leases for drilling sites when it did not.  

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Ethereum Network Problems Aren’t The Technology’s Death, Say Industryites

Innovation, Investing, News | August 14, 2018 By:

Ethereum is experiencing some significant problems, and those are reflected in its dramatic price plunge this week. Scaling issues, security issues and the problem of solving the smart contract that is clogging the network have all made their mark, driving pessimism even as the vast ethereum developer community is working hard to solve the problems.

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Blockchain Subcommittee Proposed By Spain’s Left-Wing Political Coalition

Blockchain, News, Regulation | August 14, 2018 By:

Unidos Podemos, a left-wing electoral alliance in Spain, has called on the government to study the benefits of blockchain technology.

Unidos Podemos, which was formed by Podemos, United Left, Equo and other left-wing parties in May 2016, proposed the creation of a subcommittee that would explore the potential of blockchain technology as well crypto regulation.

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Blockchain Startup Identitii To Launch IPO On Australian Stock Exchange

Blockchain, News | August 14, 2018 By:

Digital-ID management startup identitii has become the second blockchain firm to launch an initial public offering (IPO) on the Australian Stock Exchange (ASX).

Identitii allows financial institutions to accelerate transaction verification processes by enabling the secure, trusted and auditable exchange of information within and between counterparty financial institutions,

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