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Tag: ICo

SEC Files Fraud Charges Against ICO Organizer

By Stan Higgins The U.S. Securities and Exchange Commission (SEC) has filed charges against two organizers of a $15 million initial coin offering (ICO), the agency announced today. Quebec-based Dominic Lacroix and Sabrina Paradis-Royer, along with a firm called PlexCorp,…

Russian Billionaires Invest in Cryptocurrencies

By Joshua Althauser Russian billionaires Roman Abramovich, Aleksandr Frolov and Aleksandr Abramov are reportedly investing large amounts of money into digital currencies like Bitcointhrough the European fund called Blackmoon Crypto. The fund, which is a subsidiary of Blackmoon Financial, is intended to establish…

The Simplest Way to Understand Why The DAO Was a Security

Last Tuesday night, the Securities and Exchange Commission (SEC) ended months of speculation, breaking its silence on blockchain tokens and issuing a landmark report that said a blockchain-based project called The DAO had issued securities under U.S. law. The report, however, is important…

SEC Ruling on the DAO and ICO, Explained

1. What’s all that SEC decision everybody’s talking about? On July 25, The Securities and Exchanges Commission declared that Blockchain companies must obey federal laws. On July 25, the SEC made a report that offers and sales of digital assets by “virtual”…