ICO

SEC sues ICOBox and its founder

Securities And Exchange Commission Charges Kik For Unauthorized Sales Of ICO

The Securities and Exchange Commission (SEC) of the U.S has prosecuted against Canadian startup Kik. The firm has been illegally conducting a $100 million securities trade of digital tokens. It was selling the tokens to the U.S. investors without any authorization of the U.S. laws and securities. The news comes from an official press release. […]

BitTorrent Token Closes With 6 Times Higher Trading Rates

TRON’s BitTorrent Token Reaches 6X Initial Coin Offering Price

BitTorrent Token (BTT) has reached six times high as compared to its price of Initial Coin Offering (ICO) which had been launched just a week ago. As per Binance’s token sale platform, on January 28, the company witnessed sale of 59.8 billion BTT tokens at a price of $0.00012 per token which has now risen up to a whopping trading price of $0.000798, i.e. 565 percent of its ICO.

Stratis Uses Microsoft. NET Architecture to Ease Blockchain Development

Stratis Uses Microsoft. NET Architecture to Ease Blockchain Development

Stratis, a London-based company, has announced a new project that includes sidechains, smart contracts, an ICO and STO platform, and distributed ledger technology, that eases transaction processing. The project is based on Stratis C# Full Node which is built on Microsoft’s .NET Core. The service is intended to enable developers to use the existing languages in the .NET ecosystem to build blockchain solutions without requiring any external tools.

FoLex adds Ripple’s XRP as a part of its Grand Opening

New FoLex Crypto Exchange adds Ripple’s XRP to its list

FoLex, an all-in-one solution for crypto and fiat exchanges has recently announced that the exchange will be including Ripple’s Cryptocurrency XRP in their grand opening. FoLex has reportedly praised XRP’s struggle to emerge as one of the best cryptocurrency in the market. The exchange has also stated that listing XRP has always been in the bucket list since the beginning.

Thailand Government to Implement Blockchain for stopping Tax Avoidance

Thailand Government to implement Blockchain to curb Tax Frauds

Thailand Government has recently announced that it is interested to implement blockchain to tackle the issues related to tax avoidance in the nation. The news surfaced when Eknithi Nitithanprapas, Director-General, proposed the idea of using distributed ledger technology to bring efficiency in the issues regarding tax frauds.

Blockchain application

KIP makes its first Investment in a Blockchain Startup TEMCO

On Oct 1, the leading Korea Investment Partners (KIP) announced that it will invest in TEMCO, a blockchain startup. KIP is one of the top investors having its investment in popular firms such as Naver – Korea’s largest search engine,  LINE -Japanese messaging app, and Kakao – Korean messaging giant, among others.

Varanida

Blockchain-Based Ad Startup to Refund Contributors for Inadequate Progress

Varanida, a digital advertising startup, plans to offer advertisers refund in case of unsatisfactory progress. For that, it will seek Blockchain application. The firm is optimistic to bring transparency and increase revenue for the users. Varanida terms the recent attempt to be a profit model for companies.

Court

Federal Judge says Securities Laws Can Apply to Cryptocurrencies

Maksim Zaslavskiy, a resident of Brooklyn, is under trial for defrauding investors in Two Cryptocurrencies, lying real estate and diamonds backed them. The lawyer of Zaslavskiy has appealed the court to drop the charges stating that Cryptocurrencies doesn’t fall under the Securities Exchange Act. However, Raymond Dearie, U.S. District Judge dismissed the motion saying that the Federal Securities laws have flexible application.