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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ICO Licensing Rule In Thailand Attracts 20 Crypto Exchanges

ICO News, News, Regulation | August 9, 2018 By:

Thailand’s Securities and Exchange Commission (SEC) said that the new licensing rule for initial coin offerings (ICO) and crypto exchanges has seen increased interest from companies just weeks after the regulatory framework went into effect.

Th regulatory framework for ICOs and and businesses undertaking crypto-related activities took effect on July 16 after a royal decree on the topic was made public in May.

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ICO Spotlight: DREP Foundation Brings Decentralization To Reputation Ratings

ICO News, Innovation | August 6, 2018 By:

DREP is a decentralized, cross-platform network for reputation ratings. The DREP team believes online platforms in several different niches are suffering from constant problems with users dropping out. This is happening because community members are not adequately rewarded for participation and reputation enhancement.

One example of this problem is e-Commerce platforms,

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ICO Spotlight: Income Locker Looks To Collateralize Cryptocurrency

ICO News, Investing | August 3, 2018 By:

INCOME LOCKER (INLOCK) is a platform where licensed lenders can compete for borrowers who want to use their cryptocurrency as collateral for loans>

The company is now in its whitelist registration for an upcoming token sale on September 15.  INLOCK’s founders seek to design a secure and transparent marketplace to serve as a gateway for institutional investors to the booming cryptocurrency market.

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