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The Central Bank of Russia’s head Elvira Nabiullina stated that crypto craze has started to fade away. Elvira was recently a part of country’s fourth FINOPOLIS innovative financial technology forum in Sochi October 17. While speaking at the conference, she signaled the change in the stances of “businesses” towards technologies …
North Dakota’s security watchdog is taking action against ICO projects which are operating illegally in the state. Karen Tyler, the commissioner of the North Dakota Securities Department, has issued cease orders on three ICOs. These ICOs are unregistered and potentially fraudulent. The regulators’ team has recently published a Press Release …
A team of U.S lawmakers have approached the Securities and Exchange Commission (SEC) chairman Jay Clayton to seek clarification on ICO regulations. The chairman was asked to confirm when the SEC will consider ICOs as securities sales. Representatives Ted Budd, Warren Davidson, Tom Emmer, and Darren Soto, along with 11 …
According to the reports, the central bank of Russia has successfully conducted a test on an ICO (Initial Coin Offering). One of the officials from the bank revealed the announcement at Eastern Economic Forum in Vladivostok, Russia. The bank’s deputy director of the financial department, Mr. Ivan Semagin announced the …
Research and consulting firm GreySpark Partners recently published a report on failed ICOs. The report stated that half of all Initial Coin Offerings (ICOs) in 2017 and 2018 was unable to raise any funds. But, 40 percent ICOs had raised $1 million each. The consulting firm has been studying ICO market …
Jimmy Wales, the founder of Wikipedia has told that his company has no interest in launching an Initial Coin Offering (ICO) or using digital currencies in general. While he was asked whether Wikipedia considers the launch of an ICO or cryptocurrencies, he replied that the firm is “absolutely never going …
Nasdaq CEO Adena Friedman says ICOs are Taking Advantages of Retail Investors According to CEO of Nasdaq, Initial Coin Offerings has brought billions of dollars this year and mostly from the retail investors. The process presents those investors to severe risks. Adena Friedman at the Future of Fintech conference in …
Cyber-security Tycoon John McAfee won’t Promote ICOs Anymore, Cites ‘SEC Threats.’ The Cybersecurity tycoon-turned-digital currency backer, Mr. John McAfee, stated on Tuesday that he will end his work on Initial Coin Offering (ICOs). In a tweet, John McAfee referred ‘SEC Threat’ when explaining that he would stop working on the token …
Several startups boosted around $5.6 billion via ICOs during 2017, as mentioned in a report published by Business Insider. In the year 2017, various projects and startups raised capitals by issuing their cryptocurrencies. Although, initially the cumulative market capitalization of crypto values was $254 billion, an increase of $600 billion …
A Japanese Village is Launching the Country’s first ICO on the Municipal level A small Japanese village is shifting to digital currencies in an attempt to bolster its economy. Nishiawakura, a village of roughly 1,500 people in the Okayama prefecture in Japan, unveiled its plan last week to start a …
