Initial coin offerings, or ICOs, have become a ubiquitous and much-discussed way for companies in the blockchain and digital currency space to fund themselves. To date, by some estimates, more than $3 billion has been raised in ICOs, outpacing all venture capital raised in the United States in 2017.
Silicon Valley venture capital firms Andreessen Horowitz and Union Square Ventures have reportedly urged the US Securities and Exchange Commission (SEC) to take an industry-friendly approach to initial coin offering (ICO) regulations.
According to the Wall Street Journal, the venture capital firms met with top officials of the SEC’s Division of Corporation Finance on March 28.
The Philippines Securities and Exchange Commission (SEC) has warned the public against investing in 14 new unregistered cryptocurrency schemes.
Based on an investigation conducted by the SEC, the following entities are either using fiat money or cryptocurrencies to solicit investments but are not registered with the regulator: NewG,
Riot Blockchain, the crypto firm whose stock skyrocketed last year after changing its name, has received a subpoena from the US Securities and Exchange Commission (SEC).
In its annual 10-K filing with the SEC, Riot Blockchain disclosed that it had received the SEC subpoena on April 9,
Renwick Haddow, a UK citizen who lived in New York City, was extradited from Morocco to the US for allegedly committing fraud that saw over $36 million stolen from investors.
Last year, the US Securities and Exchange Commission (SEC) filed fraud charges against Haddow in connection with a pair of purported startups: Bitcoin Store,
Rimon Law partner Dror Futter runs The Blockchain Patent Chronicle, a blog which provides timely summaries of developments in blockchain/distributed ledger technology patents. The patents are the earliest public indication of research and development in the blockchain ecosystem.
Naturally, that bully pulpit provides a vehicle for some strong opinions on the state of blockchain and cryptocurrency.
The Philippines Securities and Exchange Commission (SEC) is planning to enforce securities regulations against cloud mining operations.
In a statement, the SEC said that cryptocurrency cloud mining contracts qualify as securities under the Howey test, and therefore should be registered with the agency.
The Securities and Exchange Commission has named Joel R. Levin Director of the Chicago Regional Office. He will join the agency next month.
Levin is a veteran federal prosecutor who has served in various senior leadership positions in the Department of Justice over the last 25 years.
The US Securities and Exchange Commission has obtained a court order freezing more than $27 million in trading proceeds from allegedly illegal distributions and sales of restricted shares of Longfin Corp. stock involving the company, its CEO, and three other affiliated individuals.
According to a complaint unsealed today in federal court in Manhattan,
The US Securities and Exchange Commission has charged two co-founders of a purported financial services start-up with orchestrating a fraudulent initial coin offering (ICO) that raised more than $32 million from thousands of investors.
Criminal authorities separately charged and arrested both defendants. The ICO took place last year.