The now shut-down blockchain start-up SoluTech has settled charges of fraud and unregistered sale of digital assets with the SEC. The post ICO project SoluTech settles charges of fraud and security law violations with SEC appeared first on The Block.

SoluTech, which violated securities laws and misrepresented its revenue during the token sale, now must destroy all its tokens.

The UK company sent cold texts offering products “effective against coronavirus.”

Digital Growth Experts Ltd hit send on 16k+ messages. The fine? £3.70 per text Digital Growth Experts Ltd (DGEL) is nursing a £60,000 smackdown doled out by the UK’s data watchdog after it sent out thousands of nuisance marketing text messages about hand sanitisers during the coronavirus outbreak.…

The payments processor facilitated millions of dollars of PlexCoin investments before shuttering accounts in September 2017.

SEC commissioner Hester Peirce issued a public dissent to the agency's enforcement action against ICO startup Unikrn. The post SEC commissioner Peirce dissents on Unikrn ICO action, says approach risks stifling innovation appeared first on The Block.

Unikrn has agreed to settle the charges, without admitting or denying them, by paying a $6.1 million penalty to be distributed among investors.

The SEC alleged film producer Ryan Felton misappropriated funds from two separate initial coin offerings, and charged rapper TI with boosting one of them.

DeFi is making money out of nothing but other people's misery. Five thousand years of history tell us how this tale will end.

Having come into effect on 2nd September, the ICO’s Age Appropriate Design Code has dealt firms a new raft of cumbersome data protection requirements to implement within a 12-month transition period.

It may be too early to draw parallels between the DeFi explosion and the ICO bubble of two years ago.

It may be too early to draw parallels between the DeFi explosion and the ICO bubble of two years ago.

The Tezos Foundation has crossed the final leg of a $25 million settlement it initially agreed to in March.The post Tezos Foundation reaches $25 million settlement with investors in ICO lawsuit appeared first on The Block.

A U.S. lawsuit that alleged the Tezos ICO was an unregistered securities sale has been settled for $25 million.

DeFi needs to self-regulate or, as happened with ICOs, regulators will punish irrational exuberance in the crypto markets.

ComputerWeekly’s best articles of the day

ComputerWeekly’s best articles of the day

The SEC settled with Boon.Tech and its CEO Rajesh Pavithran for alleged fraud related to an initial coin offering (ICO).The post AI job marketplace Boon.Tech settles with the SEC over unregistered ICO appeared first on The Block.

Marketed as a “decentralised job marketplace,” Boontech and its founder Rajesh Pavithran have settled charges of fraud and registration violation brought by the SEC.

Marketed as a “decentralised job marketplace,” Boontech and its founder Rajesh Pavithran have settled charges of fraud and registration violation brought by the SEC.

The district judge criticized a class-action lawsuit brought against Block.one for appearing to be an attempt to earn high legal fees.

Investors suing crypto firm Status are seeking “alternative means” to serve top executives after they were unable to deliver court papers via traditional means.

Investors suing crypto firm Status are seeking “alternative means” to serve top executives after they were unable to deliver court papers via traditional means.

The Securities and Exchange Commission announced Wednesday that Division of Enforcement co-director Steven Peikin will leave the agency this month. The post SEC official who helped spearhead ICO enforcement actions is leaving the agency appeared first on The Block.

I wanted to write an essay about Microsoft and TikTok today, because I was effectively a full-time reporter covering the software giant when it hired Satya Nadella in 2014. But, everyone else has already done that and, frankly, there’s a more pressing financial topic for us to parse. Let’s take a minute to take stock […]

ComputerWeekly’s best articles of the day

Redscan, the managed threat detection, incident response and penetration testing specialist, today released new research on the state of cyber security in the higher education sector. The study, based on an analysis of Freedom of Information requests, reveals that more than half of UK universities reported a data breach to the ICO in the last year. At the same time, 46% of all university staff received no security training and almost a quarter of institutions (24%) did not commission a penetration test from a third party.

Having only settled with the SEC last year, the PlexCoin founders now face a fresh round of charges from the Department of Justice.

Alternet Systems, Inc. (USOTC: ALYI) today introduced the RevoltTOKEN cryptocurrency dedicated to funding ALYI's $300 million electric vehicle (EV) initiative in Africa. Below, find a detailed presentation in its entirety on the upcoming RevolTOKEN initial cryptocurrency offering (ICO) intended to raise $100 million to fund ALYI's comprehensive, long-term electric vehicle strategy.

Alternet Systems, Inc. (USOTC: ALYI) today confirmed an online presentation to be published this week on Thursday, July 23, 2020 to detail the coming initial coin offering intended to back ALYI's electric vehicle strategy in Africa.

You can thank GDPR for that Violating Europe's General Data Protection Regulation (GDPR) rules is a costly mistake that is only getting more expensive, according to lawyers totaling up fines from the UK's Information Commissioner's Office (ICO).…

Haydn Wilks' latest novel examines the cryptomania of the 2017 ICO boom.

Centra Tech one of the most storied scams of the the 2017 ICO bubble. Its founders have fallen like dominoes since.

As regulators pine over the safety of Libra, recent crypto-related crimes are sure to keep them on edge. New Jersey Attorney General Gurbir Grewal filed a lawsuit on Wednesday against Princeton-based company, Pocketinns Inc. Pocketinns and their president, Sarvajnya Mada, allegedly failed to register with the Bureau of Securities before selling $400,000 of unregistered securities. […] New Jersey Sues Blockchain Firm for Unregistered $46 Million ICO by CCN.com

ComputerWeekly’s best articles of the day

Global coffee exports fell 14.6% in May from a year earlier to 10.49 million 60 kg bags, the International Coffee Organization (ICO) said in a monthly report on Friday. Arabica coffee exports totalled 6.43 million bags in May, down 19.7% from a year earlier. Robusta coffee exports fell 5.2% to 4.06 million bags.

Following the implementation of Apple recommendations, the Swiss company 4ARTechnologies launches the next version of the 4ARTapp, the art innovation that already has customers in over 60 countries, and has now successfully placed its cryptocurrency 4ARTcoin on the renowned BITTREX Global exchange in Liechtenstein.

Following the implementation of Apple recommendations, the Swiss company 4ARTechnologies launches the next version of the 4ARTapp, the art innovation that already has customers in over 60 countries, and has now successfully placed its cryptocurrency 4ARTcoin on the renowned BITTREX Global exchange in Liechtenstein.

A court filing indicates that the SEC-appointed receiver for AriseBank is searching for undisclosed assets and investigating third-party involvement.

Another blockchain for smart contracts? It turns out the claim is catching the attention of investors as the EOS blockchain heads toward launch.

DeFi's agricultural revolution, Bitcoin's negligible adjustment and the novel legal strategy bringing an ICO project to court.

Lawyers have filed suit in a "highly unusual" case against flamboyant Italian e-scooter entrepreneur Salvator Palella, over a troubled ICO back in 2018.

Alternet Systems, Inc. (USOTC: ALYI) today announced executing a letter of intent (LOI) for a $25 million first tranche investment to fund ALYI's $300 million electric mobility initiative in Africa.

Eran Eyal, who raised $42 million in an allegedly fraudulent initial coin offering, settled charges with the SEC and paid a $450,000 fine in Ether.

China has banned ICOs – and the country's exchanges are quickly moving to adapt to the new reality.

The Securities Exchange Commission (SEC) has ordered decentralized search startup BitClave to pay back investors of an unregistered initial coin offering (ICO) as part of a settlement agreement. The post $25M ICO project that once promised decentralized search to return funds following SEC charges appeared first on The Block.

BitClave will pay back over $25 million in a settlement with the SEC stemming from a 2017 token sale.

A federal court has frozen assets raised from investors in the Meta 1 Coin token sale.

A federal court has frozen assets raised from investors in the Meta 1 Coin token sale.

The latest analyst coverage could presage a bad day for Iconovo AB (publ) (STO:ICO), with the analysts making...

The UK ICO’s modified approach to data regulation during COVID-19 is welcome but risks remain ǀ View

The U.S. Securities and Exchange Commission has filed suit against a California company and its three founders, alleging that they conducted a fraudulent initial coin offering (ICO).The post SEC files suit against founders of Dropil for 'fraudulent and unregistered' ICO appeared first on The Block.

ComputerWeekly’s best articles of the day

Whilst it may not be a huge deal, we thought it was good to see that the Iconovo AB (publ) (STO:ICO) Vice President of...

Canadian software company Kik is seeking pre-trial judgment amid the SEC's claim that it has failed to provide sufficient evidence in defense of its $100 million unregistered tokens sale in 2017. The post Kik seeks pre-trial judgment to end prolonged ICO battle with the SEC appeared first on The Block.

ComputerWeekly’s best articles of the day

A Russian oligarch, a former cabinet minister and the COO of German fintech Wirecard invested in Telegram’s $1.7 billion ICO, according to a previously unreported court document.

A Russian oligarch, a former cabinet minister and the COO of fintech Wirecard invested in Telegram’s $1.7 billion ICO a new court document says.

Cathay Pacific has been issued with a £500,000 penalty by the UK's data watchdog for security lapses which exposed the personal details of some 9.4 million customers globally -- 111,578 of whom were from the UK. The penalty, which is the maximum fine possible under relevant UK law, was announced today by the Information Commissioner's Office (ICO), following a multi-month investigation. It pertains to a breach disclosed by the airline in fall 2018.

Cathay Pacific has been issued with a £500,000 penalty by the UK’s data watchdog for security lapses which exposed the personal details of some 9.4 million customers globally — 111,578 of whom were from the UK. The penalty, which is the maximum fine possible under relevant UK law, was announced today by the Information Commissioner’s […]

The US SEC mandates celebrities are not allowed to use their social media influence to tout securities without appropriately disclosing their compensation.

Martial artist and actor Steven Seagal was charged with not declaring payments related to his promotion of a token launched by Bitcoiin2Gen.

Actor Steven Seagal is the latest celebrity to be punished by the Securities and Exchange Commission for failing to disclose that he was being paid to promote an initial coin offering launched by Bitcoiin2Gen.  read more

The martial artist and actor was charged for not declaring payments related to his promotion a token launched by Bitcoiin2Gen.

The SEC announced on Thursday that is has settled charges with action film actor Steven Seagal in connection with a 2018 ICO.The post Actor Steven Seagal settles charges with SEC related to 'Bitcoiin' ICO appeared first on The Block.

Power Ledger reckons addressing the 'anomalies' in taxation rules would allow Australia to be competitive in the blockchain sector.

Blockchain startup Enigma has reached a settlement with the SEC regarding its token issuance dated Sep. 2017. The post Blockchain startup Enigma settles with SEC over its $45 million ICO appeared first on The Block.

The SEC settled charges with Engima MPC alleging it raised $45 million in an unregistered securities sale with its 2017 ICO. Engima will refund investors and pay a penalty.

Contents Protocol will refund approximately $7.5 million-worth of ether back to investors.

Hester Peirce, Commissioner of the Securities and Exchange Commission last week made a proposal that, if approved, may legalize Initial Coin Offerings (ICOs) in the United States 0 read more

A U.S. judge has asked lawyers from the Commodity Futures Trading Commission (CFTC) to provide an opinion in the case brought by the Securities and Exchange Commission (SEC) against Telegram's $1.7 billion token sale.

Listia's marketplace for used-goods is ditching its native XNK token in favor of YouNow's props.

Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...

Sergey Grybniak, founder of blockchain marketplace Opporty International, has pushed back against key claims included in a Securities and Exchange Commission (SEC) legal complaint against him and his company. The case in question surfaced on Jan. 21 when the SEC filed a complaint in court accusing Grybniak and Opporty International of allegedly conducting an initial coin […]The post Opporty founder calls SEC's ICO lawsuit 'grossly overstated' and 'untruthful' in an open letter appeared first on The Block.

Passive investing in index funds can generate returns that roughly match the overall market. But one can do better...

Big names that may have invested in Telegram’s token sale are surfacing in court documents as the company fights a case brought by the SEC.

The U.S. Securities and Exchange Commission (SEC) has charged blockchain firm Opporty International and its founder Sergii "Sergey" Grybniak for conducting an unregistered initial coin offering (ICO). The SEC announced Tuesday that Opporty and Grybniak raised around $600,000 from nearly 200 investors by selling unregistered securities in the form of “OPP Tokens” during 2017-2018. They […]The post SEC charges yet another firm over unregistered ICO appeared first on The Block.

The firm is alleged to have conducted a fraudulent and unregistered sale of digital assets called OPP Tokens, raising around $600,000.

The SEC has charged Blockchain Terminal founder Boaz Manor with securities fraud for a $30 million ICO conducted in 2017 and 2018.

A newly launched fintech firm hopes to leverage the token sale model to back investments in real-world assets. But it's taking a different approach than many previous projects.

The SEC produced evidence that Telegram kept selling tokens after its ICO, undermining the firm's argument that the sale was exempt from registration.

Cryptocurrency exchange COBINHOOD has announced that it will temporarily shut down its platform between Jan. 10 and Feb. 9. in order to audit users’ account information.  “COBINHOOD Exchange is auditing all accounts' balances and migrating all data from Jan. 10 to Feb. 9 in 2020,” the notice read. “It will be reopened on Feb. 10, […]The post Crypto exchange behind Jamie Foxx endorsed ICO is temporarily shutting down appeared first on The Block.

Malware loaded onto more than 5k cash tills but pre-GDPR screw-up means retailer dodged bigger financial bullet Dixons Retail is facing a £500,000 penalty from the Information Commissioner’s Office (ICO) after a hacker installed malware that infected thousands of point of sale tills and scooped up 5.6 million payment card details.…

The ransomware attack has infuriated stranded customers and the ICO has still not seen an official data breach report.

Telegram has been ordered by a judge to hand over financials concerning the $1.7 billion ICO for its TON blockchain.

SEC claims the ICO was an unregistered securities sale.

Today we are going to look at ICO Group Limited (HKG:1460) to see whether it might be an attractive investment...

The approved ICO issuer can now legally market and host their sale until the beginning of June 2020.

Internet startup Blockchain of Things has agreed to pay $250,000 to settle with the SEC over its $13 million ICO.

With bitcoin recovering after four straight days of decline we're talking about what may be the most illegal ICO ever, tokens for Mongolian taxi fares, Bitmain’s Texas hedge and one "suicidal" startups surprising success...

Here’s one token sale that’s almost certainly illegal, and not just under securities laws.

SEC alleges that investor funds were spent on dating services and shopping sprees.

Cryptocurrency firm Shopin and its CEO Eran Eyal have been charged by the Securities and Exchange Commission (SEC) for allegedly defrauding hundreds of investors in a $42 million initial coin offering (ICO).The post SEC charges Shopin for allegedly defrauding investors of $42 million in an unregistered ICO appeared first on The Block.

The U.S. Securities and Exchange Commission (SEC) has charged Shopin and its founder Eran Eyal with fraud after a $42 million initial coin offering. The SEC announced Wednesday that Eyal had been charged with defrauding investors by selling unregistered securities in the form of Shopin Tokens. While Eyal was supposed to develop a platform which […]

Telegram told investors it was using BNY Mellon and Credit Suisse, to move and store fiat raised in last year’s token sale, court filings indicate.

Telegram’s founder and CEO Pavel Durov should testify in the US Securities Exchange Commission‘s (SEC) case against the company’s controversial digital token, a US federal judge has ruled. A document signed by District Judge P. Kevin Castel at the New York Southern District Court earlier this week, says Durov will be deposed “on January 7 or 8, 2020, as necessary,” at a location mutually agreed by both parties. Shyam Parekh, a Telegram employee, will be deposed on December 10. According to CoinDesk, Parekh’s name was featured on the company’s letters to investors that were leaked after it was sued by… This story continues at The Next Web

Gladius Network plans to shut down nine months after settling charges with the SEC, saying it no longer has the funding to continue operating.

A cryptocurrency startup that settled with the US Securities and Exchange Commission (SEC) over its illegal token sale has shut down. Washington-based Gladius Network said last week that it had “ceased operations effective immediately and has filed for dissolution.” “Despite our best efforts, the company no longer has funds to continue operations. Our code will remain available on GitHub for the next three months. We still believe in the power of our technology, and if anyone in the community is interested in pursuing it we welcome it,” the company added. Gladius Network, which helped clients fight off cyberattacks, agreed to… This story continues at The Next Web