SEC Crypto Crackdown Precedes 48% Drop in ICO Funding

Twitter Facebook LinkedIn The amount of money that initial coin offerings attracted in this year’s third quarter fell significantly compared to the second quarter. According to a report by crypto market analysis firm ICORating, the amount that was raised via ICOs from July to September reduced by 48 percent compared to what was raised from …

China’s Central Bank Slams Blockchain Investment ‘Bubble’

Twitter Facebook LinkedIn China’s central bank has called on the government to strengthen supervision into ‘speculative’ financing and investments in the blockchain sector. The Research Bureau of the People’s Bank of China, the country’s central bank, published a working paper titled ‘What can a blockchain do and cannot do?’ on Tuesday. An early analysis of …

Swiss Bank Helps Clients Participate in ICOs

Here’s something we don’t hear every day: a Swiss bank has opted to enable its clients to participate in initial coin offerings easily. The bank, Swissquote, has previously allowed customers to trade in cryptos. This is, to say the least, an unusual service for a fiat banking institution. Additionally, Swissquote offers traditional FOREX trading and …

Publicly-Listed Aussie Crypto Firm’s Shares Slump after $1.8 Million ICO Legal Action

DigitalX, an Australian blockchain and crypto advisory firm listed on the Australian Securities Exchange (ASX) has seen its shares slide nearly 12 percent on the day on revelations of a $1.8 million federal court claim. In an obligatory disclosure under ASX guidelines, DigitalX today revealed it was served with an Originating Application and Statement of …

Miracle Whip Hints at ‘Whipcoin’ ICO in Playful Tweet

Mayonnaise brand Miracle Whip has taken a humorous poke at the crypto industry with a tongue-in-cheek tweet announcing its planned ICO — an “initial condiment offering” for a cryptocurrency called “Whipcoin.” Thinking about an Initial Condiment Offering… What do our new #crypto friends think about #WhipCoin 🤔 pic.twitter.com/plNV8t9sCt — Miracle Whip (@MiracleWhip) September 6, 2018 …

South Korea Lawmakers Discuss ICO, Cryptos During Extraordinary Session

South Korea has commenced an extraordinary session in the National Assembly to discuss regulation and measures to promote the cryptocurrency industry alongside ICO guidelines to eventually overturn the ongoing ban. According to a Business Korea report on Monday, the short session – extraordinary sessions cannot exceed 30 days – in South Korea’s National Assembly will …

Swiss Regulator FINMA Launches Investigation into $100 Million ICO

The Swiss Financial Market Supervisory Authority (FINMA) announced on Thursday that it has opened an inquiry into the operations of Envion AG, a blockchain startup that raised more than $100 million through an initial coin offering (ICO). FINMA said that it believes that Envion’s EVN token sale may have violated banking laws by accepting public …