Tag: ICO

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Crypto News

Paradoxically, The United States Is The Most Friendly Country In The World For ICOs

The United States, Switzerland, and Singapore were classified as the three most friendly countries for Initial Coin Offers (ICOs) in a new briefing, as reported by researchers in a press release they issued on Cointelegraph on July 14th.

The United States is the most crypto-friendly country, while Switzerland comes second

The analysts affiliated with the Crypto Finance Conference collected the data from publicly accessible information from the top 100 ICOs per country regarding the funds raised and ranked them by the number of completed projects that were launched.

The report points to the United States as the most ICO friendly country in the world as having some 30 ICOs operating in the area. The second-ranked country is Switzerland, which accounts for half of the projects, while Singapore comes in third place with 11 projects.

The paper also lists Russia, Estonia, and the UK as among the most encouraging nations for funding crypto ventures.

ICOs have a great year in 2018, as their fundraising projects returned twice as much as throughout 2017

As it was reported in the news last week, just four months ago was the biggest month in the history of ICO investment, and 2018 has also seen that the time needed to complete an ICO, and the success of those projects, have changed considerably since last year.

Cryptocurrency analysts also recently revealed that ICO volumes reached new records in the first half of 2018, which were already double what they had achieved throughout 2017.

As one of the main places to carry out large ICOs and crypto-projects, the United States continues to combat cases of illegal activity in the crypto-verse. Earlier this week, the Texas State Securities Board (SSB) issued an emergency cease order to a network of companies related to cryptocurrencies allegedly accused of offering fraudulent crypto investments to state residents.

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Crypto News

Malta Will House The World’s First Initial Convertible Coin Offering (ICCO) Held By Palladium And Bittrex

The Malta-based company Palladium will release the world’s first ICCO (Initial Convertible Coin Offering), along with its two partners, one of which being Bittrex, as reported in an article issued yesterday, July 10th.

Palladium, which plans to develop a regulated cryptocurrency exchange in Malta, will attempt to disburse $150 million in tokens in the ICCO, which is expected to commence on July 25th. The upcoming cryptocurrency exchange, which will run entirely under the auspices of the increasingly crypto-friendly jurisdiction of Malta, will be developed by using approximately 15% of the collected funds.

The other part, states Palladium, will be spent on the “acquisition of a majority stake in a European bank,” along with “strategic investments in financial services and blockchain companies that complement Palladium’s business.”

We hope that this project, which will create more than 100 job opportunities, will be a historic milestone and will close the gap between traditional financial services and cryptocurrency.

Paolo Catalfamo, Palladium CEO

An ICCO (Initial Convertible Coin Offering) differs from an ICO (Initial Coin Offering)

An ICCO is different from an ICO in the sense that the investors will be entitled to convert the tokens into company shares at a subsequent date. In the case of Palladium, this will be possible three years from the ICCO date.

An ICCO is different from an ICO in the sense that the investors will be entitled to convert the tokens into company shares at a subsequent date. In the case of Palladium, this will be possible three years from the ICCO date.

The measure represents a new step in Malta’s blockchain and cryptocurrency rush, as Prime Minister Joseph Muscat witnessed the company’s debut on the Malta Stock Exchange just last week. Muscat had greeted Binance which is one of the most significant cryptocurrency exchanges in the world by trading volumes.

Also in the news, Malta announced the launch of a university blockchain degree from October 2018 onwards to train state’s personnel in blockchain and cryptocurrency fields.

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News

Top 4 Golden ICOs to Praise in July 2018

Recent events had led to the market dumping high volumes of Bitcoin three times already. What happened next, is that it each coin from the market has decreased so fast.

There are many big corporations which want to include blockchain technology in their business, including Starbucks. Overall, this means that the people are getting to know more and more what are the things that blockchain provides and how important it is for the transparency between a business and its clients.

We’ve written this article to talk about Top 4 Golden ICO’s Q2 that are going to be in the spotlight in 2018.

  1. Omnitude

Omnitude is the one to create a plugin which allows an e-commerce platform, be it any kind of e-commerce platform to include blockchain technology into their systems. The only problem that many companies have, is how they’re using the technology to their business without ruining the budget. That’s where Omnitude takes its place. Companies can use it without replacing the current systems, which are native to their network.

  1. Atlas Protocol

This one is meant to connect publishers, advertisers and users in a digital marketing that’s based on tokens. They’ll also bring Hitters Xu into the game, who is the founder of Nebula and who is going to sit at the board of advisors. It’s definitely something worth waiting for.

  1. DAOstack

DAOstack is made to construct a modular framework for governance which is based on blockchains. It supports an Internet-scale curation network. DAOstack wants to “make” a place where collective cand collaborate, coordinate, seek, and, why not, set up a business image that’s meant to show the goals and the values of the businesses.

  1. Kleros

This one is meant to create a system that could make proper decisions without any security concerns, or a fortune spent on. Someone who is the victim of injustice just has to make a smart contract, then choose Kleros to be their arbitrator, then pay a small fee in Ethereum.

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Crypto News

John McAfee, A “Friend” Of Cryptocurrencies, Gave Up Promotin ICOs, Forced By The SEC

The influential businessman John McAfee announced today that he would no longer promote Initial Currency Offers (ICOs) due to “threats” from the US Securities and Exchange Commission (SEC), and said he is working on an alternative model for this type of financing round that would be protected against restrictive regulations.

The announcement was made in response to a previous comment requesting investment advice, which in turn was a response to the reasons McAfee initially offered for blocking more than 800 people in the last 72 hours on his Twitter account, saying that “bad treatment will not be tolerated on my account and there will be no warnings. If someone wants to be blocked instantly, please be rude.”

The SEC has imposed strong regulations against ICOs and has consistently warned for years about the various types of cryptocurrency scams. They went so far that they even created fake ICO to show how fraudulent schemes of this kind affect investors.

John McAfee gave up promoting ICOs, while the US Securities and Exchange Commission (SEC) raised controversial opinions with its last statements

John McAfee has been an influential thinker on investment in Bitcoin (BTC) and various altcoins that have been promoted in the midst of its fundraising campaigns. Also, some of McAfee’s comments may have led to price changes in certain blockchain assets.

Meanwhile, the US Securities and Exchange Commission (SEC) has also set the standard for the cryptocurrencies market, because the regulations imposed have served as a filter for projects that do not meet operational, financial, and security standards. In this way, the markets have responded to these strategies, since the sustainability of those projects that seek to develop and enter the global cryptomarket has depended on them.

Some of the analyses of the recent SEC decision not to consider Ethereum (ETH) as security argue that investor protection is not a determinant in prohibiting the marketing of an asset. Others argue that laws to regulate ICOs should be retroactive.

Meanwhile, the cryptocurrencies market has recovered in recent days, as it seems that Bitcoin (BTC) is the network that is leading the growth of the entire market, while it has been proven that the altcoins are behind it regarding price behavior.

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Crypto Markets News

The US Securities And Exchange Commission (SEC) Launched A Fake ICO To Warn Investors Regarding Scams

The world of initial issues of cryptographic currencies remains the US. There are many efforts by the authorities to safeguard the interests of investors in this type of micro-patronage for blockchain-based companies and the latest has been to ‘trick’ investors into showing them how easy it is to be swindled into such an initiative. Accordingly, the US Securities and Exchange Commission’s (SEC) Office of Investor Education and Advocacy has set up a fake ICO website to show that fraud is on the agenda in this sector after months of warnings about the risks of investing in these products.

The website, HoweyCoins.com, complies with all the characteristics, promises and the language of the ICOs considered false. When users click the ‘Buy Coins Now’ button, they are automatically redirected to the official SEC website, where investors will find tips and tools to avoid scams.

“We have created this fake website as an educational tool to alert investors to possible fraud involving digital assets such as cryptocurrency and initial coin offers (ICO),” said the SEC spokesman.

According to SEC, about 50% of all ICOs are fake ICO and disappear with all the funds

Some of the suspicious elements pointed out by the SEC are the advance of more than 1% of daily returns or forecasts of a minimum growth rate of between 7% and 15% annualized in profitability.

SEC also warns about ICOs that are backed by celebrities or that meet the SEC’s marketing requirements.

The fake ICO launched by SEC underlines the fact that about 50% of ICOs fail or disappear with the money. These are the shocking numbers of all the initiatives to raise funds through the issuance of digital tokens that were launched in 2017.

Only 54% were moving forward by mid-February 2018.

In the US, the Securities and Exchange Commission (SEC) has taken action against a number of cryptocurrency issues, slowing them down and, more recently, has announced that it will require all cryptocurrency exchange platforms to register and comply with the same rules that are applicable to the stock exchanges.

 

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