Mobius Network, a turnkey blockchain-enabling data platform, closed its MOBI token ICO in just two hours. More than 55,000 registered for the public token sale, the first to be built on and supported by Stellar, as opposed to Ethereum. The sale was originally scheduled to run through Feb. 18. The token sale...
Pitched as a game-changer for the cryptocurrency industry, Telegram's initial coin offering could be a lifesaver for the company. Launched in 2013 by Russian brothers Pavel and Nikolai Durov, the company has never executed on the vague proposals it has floated to monetize its messaging platform. And with hefty annual operating expenses...
Private messaging app Telegram is considering the biggest Pre-ICO in history to fund its new Blockchain platform and cryptocurrency. As TechCrunch reports today citing ‘multiple sources,’ Telegram is aiming to raise up to $500 mln in private sales. Its forthcoming Telegram Open Network (TON) would use the tokens for internal user payments. Cointelegraph originally reported on TON in...
The Texas State Securities Board (TSSB) has ordered the blockchain-based financial system startup BitConnect to cancel a token sale it had planned to start on January 10. According to a news release published on the regulator's website, BitConnect was claiming to offer tokens with 100% annual returns, which the TSSB determined qualify...
2017 has definitely been a record-breaking year for ICOs: a fiat equivalent of some $4 bln have been raised, and the number of successful token placements have increased to a couple of hundreds globally. Yet, in the same year, traditional IPOs are estimated to have raised $188.8 bln in...
All technological advances have a good and a bad side. Initial coin offerings (ICOs) are no different except that unlike other new technologies, their good and the bads side exist in extremes without any middle ground or balance. The beauty Let's talk about the good, or the beauty, of ICOs first. The beauty...
Initial coin offering (ICO) fundraising passed another historic milestone this week,  surpassing $4 billion just days after U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton issued a statement that, essentially, accused the vast majority of ICO organizers from violating federal regulations governing securities laws. According to fintech research firm Autonomous...
A vice governor of China’s central bank has doubled down on the regulator’s sweeping ban on ICOs in September that also led to the shuttering of local bitcoin exchanges. According to People’s Bank of China (PBoC) vice-governor Pan Gongsheng, authorities were right to crack the whip on initial coin offerings...
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. What separates a real-deal token from a scam? A new wave of tech enthusiasts is asking that question as tokens rack up big gains and take over market discussions. And it's certainly not one with an easy...
Ethereum-based startup Confido, a little-known project that recently raised $374,000 in an ICO from investors in exchange for CFD tokens, has seemingly vanished from the internet, as all its social media profiles and website have been taken down. Investors are now looking into the situation, which points to a potential exit...