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It looks like ICOs have finally been replaced

Over the past five years, the world has seen several alternatives to traditional fundraising campaigns. Crypto enthusiasts have been able to participate in hundreds of ICO, DAO, STO, and other types of crowdfunding on the blockchain. Recall that the most popular Initial Coin Offering has its own alternatives, which in some situations can give more to both the investor and the industry as a whole. In 2019, IEO, a campaign conducted by exchanges, was at the peak of popularity. Some of them were successful, and the coins bought by crypto enthusiasts even went up several times. What is so remarkable...

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$250k Fine Slapped On New York-Based Blockchain Firm For Unlawful ICO

A settlement has been reached between Blockchain of Things Inc. (BCOT) and the United States Securities and Exchange Commission (SEC). This is for playing out an unlawful and unregistered initial coin offering (ICO). A quarter of a million-dollar fine was issued to the New York-based company. A settlement has been reached between Blockchain of Things Inc. (BCOT) and the United States Securities and Exchange Commission (SEC). This is for playing out an unlawful and unregistered initial coin offering (ICO). Earlier this week, the securities commission revealed in a press post that such charges were settled in the form of an...

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Fraudulent ICO Founder Charged By United States SEC

The founder of Shopin has just been charged by the United States Securities and Exchange Commission (SEC). Eran Eyal and his company defrauded hundreds of investors in a coin offering that was able to bring in over $42 million. The founder of Shopin has just been charged by the United States Securities and Exchange Commission (SEC) for being behind one of the many initial coin offering scams out there in the world today. As was announced on December 11th, the securities commission claimed that Eran Eyal and his company defrauded hundreds of investors in a coin offering that was able...

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First Person In The US Given Prison Sentence Over ICO Scam

Maksim Zaslavskiy has just been granted a sentence of a year and a half behind bars. The computer programmer was given 18 months for being the mind behind two ICO’s scams. Zaslavskiy pleaded guilty in November last year over a conspiracy to commit securities fraud. The first person in the United States to be convicted of managing a fraudulent initial coin offering (ICO), Maksim Zaslavskiy, has just been granted a sentence of a year and a half behind bars. The computer programmer from Brooklyn was given a prison sentence of 18 months for being the mind behind two ICO’s scams....

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What Does A White Paper Mean For An ICO And How To Write It? Part 2

Following on from yesterday’s What Does A White Paper Mean For An ICO And How To Write It? Part 1, here is the second and final part, enjoy! Describing the Project Now, let’s talk in detail, what the main party of an ICO white paper should consist of.  When getting acquainted with a project, a potential investor can ask several questions: Regarding the use case A potential investor may ask if there’s a real use case for this project and which problems this project will solve. They may also ask what the competitors have to offer or whether blockchain technology...

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