I told you so: blockchain criminals learning they’re not above the law
Crypto bros may be forever trapped in a state of arrested adolescence, but it’s encouraging to see some of these overgrown adolescents being actually arrested.
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Netflix’s Bitconned shows the rot at the heart of utility-free ‘crypto’ projects
The Netflix show Bitconned offers a retrospective look at a Florida-based 'crypto' scam run by self-confessed fraudsters who don't express much guilt over their duplicitous activities.
Quantstamp settles with SEC over fraudulent $28 million ICO
Quantstamp promised investors a smart contract auditing platform, but the SEC says it violated securities laws in its 2017 ICO and settled for $3.5 million.
Thai SEC softens stance on ICOs in bid to attract larger retail investment
The SEC is seeking public comments on its planned removal of the investment limits. A clause in the announcement warned that investors will be exposed to increased risks following the lifting of the investment limits.
Titanium Blockchain CEO gets 4-year prison time over $21M ICO scam
Michael Stollery pleaded guilty to one count of securities fraud in 2022 in a case spearheaded by the DoJ, the FBI, the Federal Reserve, and the Bureau of Consumer Financial Protection.
BitTorrent charges in US put celebrity endorsement in the spotlight
The U.S. securities regulator charged several well-known celebrities, including actress Lindsay Lohan and social media personality Jake Paul, with participating in paid promotional schemes for digital assets without disclosing their compensation.
Nigeria to explore ICOs and stablecoins to broaden payments landscape
Nigeria published a new policy document, pledging to rethink its ICO stance to attract FDI as well as a blockchain-based CBDC amid slow eNaira uptake.
Thor tokens creators hit with unregistered securities charges over 2018 ICO
David Chin and Matthew Moravec are in hot water for allegedly infringing the securities laws tied to Thor's ICO in 2018, which the U.S. securities regulator says amounted to the sale of securities.
The scarcity paradox
Speculating does not create value rather, speculation presents a gamble on a future price. Some people make money with it, but to do well, you need a lot of money in the first place.
SEC settles with Sparkster ICO project for $35M, digital asset influencer charged
Sparkster sold millions of SPRK tokens back in 2018 and raised $30 million, with influencer Ian Balina purchasing millions of tokens and then promoting them.
South Korea: ICO ban likely to be lifted as Bank of Korea eyes EU’s MiCA
The central bank stated its intention in a paper it published reviewing the EU's Markets in Crypto Assets Act (MiCA), saying that South Korea's ICO ban has not been effective so far.
Dragonchain in trouble with SEC over $14M ICO in 2017
The project allegedly minted DRGN tokens in 2017 and sold 55% of the total supply in two phases—a discounted presale in August to select investors and an ICO to the wider public. It raised $14 million through these efforts.