ico

  1. cageymaru

    Celebrities to Pay Heavy Fines for Promoting ICOs Without Disclosing Payments

    The Securities and Exchange Commission has settled charges against boxer Floyd Mayweather Jr. and music producer Khaled Khaled, known as DJ Khaled, for failing to disclose payments they received for promoting investments in Initial Coin Offerings (ICOs). Floyd Mayweather Jr. received $100,000...
  2. FrgMstr

    WSJ says 1 in 5 Crypto ICOs are a Scam

    Hold onto your hats, as this is shocking news from the Wall Street Journal (archive link). They took a deep dive into 1,450 crypto ICOs and found that 271 had very questionable backgrounds. What scam is next? A cryptocurrency for e-sports betting so we can fleece the kids for their pocket...
  3. R

    Cryptocurrency Exit Scam Robs Investors of $50 Million

    Not even a week after an ICO scam cost investors $660 Million, another exit scam has occurred costing investors $50 million. CoinTelegraph is reporting that the founder German-based startup Savedroid, Yassin Hankir, has absconded with the money raised from an initial coin offering, as well as...
  4. R

    Cambridge Analytica Planned a Cryptocurrency ICO

    The New York Times is reporting that the now infamous Cambridge Analytica was quietly planning to offer its own virtual currency in an initial coin offering. The New York Times obtained documents and emails that show Cambridge Analytica was also promoting another cryptocurrency behind the...
  5. DooKey

    Pincoin ICO Results in $660M Scam

    Yet again, the unregulated world of ICO's cost investors $660M when the founders ran off with the money. This time it happened in Vietnam and the ICO was for Pincoin. This coin had bad investment written all over it with its promises of huge monthly returns and multilevel marketing, but some...
  6. DooKey

    MailChimp Cutting Off ICO and Other Blockchain Content

    Earlier this month we brought you news that Twitter was cutting off ICO and cryptocurrency ads and now MailChimp is joining in and doing the same. MailChimp isn't totally against blockchain and the like, but you can't use their platform anymore to pump the latest ICO. As more social media joins...
  7. DooKey

    SEC Possibly Looking Into Several ICOs

    According to the Wall Street Journal the SEC has issued subpoenas and information requests to several companies that have issued an Initial Coin Offering (ICO) recently. This does jive with the warning from the SEC Chairman back in December that ICO's may be violating securities. Whether or...
  8. R

    Another Cryptocurency Startup Pulls Exit Scam With $4.5 Million

    In what's becoming a theme, a report from TNW states that yet another cryptocurrency startup has pulled the exit scam, this time after raising $4.5 million in a series of initial coin offerings. The company LoopX has vanished, and pulled down it's website and all social media including Facebook...
  9. M

    Real Life Wolf of Wall Street Calls Cryptocurrency ICOs Biggest Scam

    Betanews reports that Jordan Belfort, the man the movie the Wolf of Wall Street was based on, informs us of Initial Coin Offerings (ICO) being the "biggest scam ever." ICOs are used to raise the funds for cryptocurrencies and he says it is far worse than anything he has done. Although, there is...
  10. FrgMstr

    Alternative Interactive Cryptocurrency Offerings Protocol

    Those crazy kids, Vitalik Buterin and Jason Teusch, over at the University of Chicago's Department of Computer Science, have come up with an alternate model for initial cryptocurrency offerings. This academic paper argues for new structures for ICOs that allow "all" buyers a place in line when...
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