ICO Tokens Allocated by Teams to Themselves Lost 54% of $24 Bln Value

The value of tokens that over a hundred of initial coin offering (ICO) teams have allocated to themselves has decreased by 54 percent from the initial figure of $24 billion. This was revealed in the latest research by cryptocurrency exchange BitMEX published Jan. 16. BitMEX has conducted a research of the ICO market in collaboration with analytics firm TokenAnalyst, looking into treasury balances of more than a hundred projects on the Ethereum (ETH) network. The analysis reportedly made use of machine learning techniques and was based on the interpretation of…

Is the SEC Violating the First Amendment Rights of ICO Operators?

Is the SEC Violating the First Amendment Rights of ICO Operators? January 13, 2019 by Paul de Havilland Is the SEC’s gag order tactic in enforcement action settlements a breach of the First Amendment? The regulator’s “neither admit nor deny” policy for defendants who choose to settle when charged with violations is about to be tested. Also read: Ahead of Ethereum Constantinople Update, Community Eyes ProgPoW Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Cato Institute and Institute For Justice Team up to Find Out The Washington,…

Crypto Goes Narcos as Escobar Estate Launches New Stablecoin ICO

The late Pablo Escobar is infamous for a number of reasons but crypto has not been among them, until now. An ICO for a dollar pegged stablecoin has been launched by the brother of the drug lord and Colombian cult hero in an effort to impeach US president Donald Trump. Anti-Trump ESCOBAR ICO Gathers Momentum Roberto Escobar, former co-founder of the Medellín cartel alongside his brother Pablo, has targeted Trump directly in this crowd finding campaign which aims to raise $50 million. According to Hard Fork the move is to…

2018 Sees 550% Uptick in Exempt ICO Securities Offerings Filed With the US SEC: Report

2018 witnessed a significant uptick in the number of initial coin offerings (ICOs) authorized by the United States Securities and Exchange Commission (SEC) to sell securities to large-scale investors, according to financial news channel MarketWatch, Jan. 11. MarketWatch reportedly compiled its data for 2018 by searching the SEC’s Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system for keywords such as “coin,” “ICO,” “token,” “initial coin offering” and “saft.” Their research reportedly found 287 results for evidently ICO-related fundraisings that were accepted by the agency to offer securities under what is…

After Cancelling ICO, Crypto Startup Zwoop Filed for Administration: Report

The board of directors of cryptocurrency and e-commerce startup Zwoop reportedly filed for administration at the end of November last year. The news was revealed in an exclusive article by major United Kingdom-based newspaper The Telegraph, Jan. 11. According to anonymous sources cited in a report by tech news outlet The Next Web, this move has left employees and suppliers of the company with unpaid wages and bills. Namely, the company allegedly owes one London-based marketing agency £42,000 (about $53,858) and a public relations firm £30,000 (about $38,470). Zwoop —…

ICO calls for nominations for the second Practitioner Award for Excellence in Data Protection

The Information Commissioner is calling for nominations for the second Practitioner Award for Excellence in Data Protection, to recognise those practitioners who go above and beyond when it comes to implementing data protection in practice. Recognising the increasingly vital role played by data protection professionals, the Commissioner says that 2018 was the year that privacy and data security went mainstream. This included a once-in-a-generation reform of data protection laws, high-profile public debates about the use of personal data, and people increasingly exercising their rights. Privacy rights remain in the international…

Can Binance Launchpad Resurrect the ICO Market?

Can Binance Launchpad Resurrect the ICO Market? January 6, 2019 by Paul de Havilland Binance’s recent efforts to breathe life into the crumbling ICO market with Binance Launchpad are admirable, but will they be able to resuscitate the ICO market? Many list ICO mania and the subsequent token collapse as at least partially responsible for the price meltdown 2018 bore witness to. Also read: Paper Outlines Proof-of-Stake Sidechains for Cardano Ouroboros, Beyond Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Binance Not Taking a Step Backward in Propelling…

Philippine Securities Regulator Postpones ICO Regulation Release

The Philippines Securities and Exchange Commission (PSEC) is not ready to issue final initial coin offering (ICO) regulation. The legislation was meant to be released before the end of 2018, English-language local media The Philippine Star reports on Dec. 31. The aforementioned article attributes the delay of the release to a request by different stakeholders for further time to look at the draft ICO rules. The PSEC has reportedly revised anew the proposed regulation by taking into account different shareholders’ input. In the draft guidelines, the regulatory body established that…

Ethereum ‘Will Quickly Test $200’ When ICO Market Returns

Initial coin offerings (ICO) will return within “18 months” and Ethereum (ETH) will “rebound aggressively,” BitMEX CEO Arthur Hayes told Cointelegraph Japan Dec. 26. BitMEX is a Hong Kong-based cryptocurrency trading platform that has become one of the largest trading platforms in the world by volume. Speaking in an exclusive interview, Hayes forecast a return to form for 2018’s “dead” ICO markets. “The use case for Ether is primarily ICOs. That market is dead right now,” he said, adding: “Once there are new issues, then Ether will rebound aggressively. When…

United Arab Emirates Will Introduce ICO Regulation in First Half of 2019, Regulator Notes

A financial regulator of United Arab Emirates (UAE) will introduce initial coin offering (ICO) regulations in the country by the end of the first half of next year. This development was reported by English-language local news outlet The National on Dec. 21. The Securities and Commodities Authority of UAE (SCA), which regulates and monitors the markets, will reportedly work with the Abu Dhabi Securities Exchange and Dubai Financial Market to develop a platform for ICO token trading. The SCA chief executive, Obad Al Zaabi, declared that the regulator has “signed…