Liquid Cryptocurrency Exchange to Host Public Phase of Telegram ICO

This article has been updated to include that Cointelegraph has reached out to Telegram for comment. Cryptocurrency exchange Liquid will reportedly be the first to host encrypted messaging app Telegram’s Gram tokens when they go on public sale, a press release confirmed on June 11. Telegram, which has not provided an official statement on the move, became the focus of international attention last year when it held a private initial coin offering (ICO) for Gram, which raised $1.7 billion for its Telegram Open Network (TON) project. A message from an…

Messaging Giant Telegram’s ICO Token Is at Last Going on Public Sale

Messaging app giant Telegram’s gram token, previously sold to accredited investors in the biggest ICO of all time back in early 2018, is at last to be offered to the public. As reported by TechCrunch, a limited sale of the gram token will take place on the Liquid exchange from July 10. The offering reportedly comes before a full public sale planned for October. The cost of the token and the targeted total for the raise are not being disclosed as yet. The sale is being made via Gram Asia, which TechCrunch says…

SEC Sues Kik for Conducting Allegedly Unregistered $100 Million ICO in 2017

The United States Securities and Exchange Commission (SEC) has sued Canadian startup Kik for an unregistered $100 million token offering, the regulator officially announced on June 4. According to the SEC’s complaint, Kik violated the registration requirements of Section 5 of the Securities Act of 1933. The agency is seeking a permanent injunction, disgorgement plus interest, and a penalty. Specifically, the securities watchdog alleged that in late 2017, Kik raised $100 million through a digital token sale that was not compliant with U.S. securities laws, as it had not registered…

Australian Securities Regulator Releases Cryptocurrency, Mining, ICO Guidelines

The Australian Securities and Investment Commission (ASIC) published new initial coin offering (ICO) and cryptocurrency guidelines on its official website on May 30. The regulator detailed the prerequisites that a cryptocurrency business needs to follow in order to comply with both the Australian Corporations and ASIC Acts, but did not cover regulations enforced by other national institutions. Notably, the guideline specified that if a crypto asset is a financial product, then the issuer and firms dealing with it are required to hold an Australian financial services license. The report also…

ICO Sector Signals Uptick After Crypto Winter

The initial coin offerings (ICO) sector is showing signs of an uptick due to positive investor sentiment, apparently spurred by the recent crypto market rally. The data was revealed in a new report from token rating platform ICObench, shared with Cointelegraph on May 25. Providing data as of May 21, the report notes that the success rate of ICOs has increased, ostensibly reflecting a rise in projects’ quality. 85% of total funds raised so far in May reportedly belong to projects with a high (3-3.5) rating — as compared with…

US Court Claims Rapper T.I. Sold Unregistered Securities in FLiK ICO

The Atlanta division of the United States district court of the northern district of Georgia claims in an order published on May 20 on Twitter by lawyer Stephen Palley that Rapper T.I. — real name Clifford Joseph Harris Jr. — sold unregistered securities in his FLiK initial coin offering (ICO). According to the document published by Palley, although the flik tokens had additional functionality (such as granting access to events), the token holders were promised profits from the work of the company. Harris’ business partner Ryan Felton allegedly said on…

Floyd Mayweather, DJ Khaled Escape Lawsuit Brought By ICO Investors

Boxer Floyd Mayweather, music producer DJ Khaled and two employees of an ICO project have been dismissed from an investor lawsuit by a federal judge. According to a new court document, an omnibus order on motions to dismiss by Mayweather, Khaled, Steven Sykes and Steven Stanley, all of whom promoted or participated in the Centra Tech initial coin offering, was filed by federal Judge Robert Scola, of the Southern District of Florida. Scola said the plaintiffs failed to prove that they had bought Centra’s CTR tokens as a result of…

ICO Market Down Almost 100% From a Year Ago, Raised $40 Million in Q1 2019

The initial coin offerings (ICO) market is down 97% on a year-on-year basis making $40 million so far in 2019, according to research by cryptocurrency exchange BitMEX released on May 13. In the first quarter (Q1) of 2019, the ICO market has reportedly dropped by 97% based on the amount of attracted capital. The slump followed the 2017–2018 cryptocurrency boom, with low investment returns among ICOs through most of 2018. Per the report, the top 10 ICO projects in terms of capital raised in 2018 were EOS, Telegram, blockchain-based cloud…

Former CFTC Regulator, Crypto Holder and ICO Endorser

Last weekend, Bart Chilton, a former commissioner of the United States Commodity Futures Trading Commission (CFTC) and early advocate for cryptocurrency regulation, died at the age of 58. Apart from his work for the regulator, he was best known as the host of RT (formerly Russia Today) America’s financial show “Boom Bust” — in which he often covered cryptocurrency news — and as the author of the book “Ponzimonium: How Scam Artists Are Ripping Off America.” The news about Chilton’s death was broken by RT, his latest employer, on April…

View Ads, Get BAT: Brave Delivers on ICO Promise of Paid Web Browsing

Brave’s promise to compensate you for viewing online ads is finally coming to fruition. In a departure from typical display ads embedded on websites, the privacy-minded web browser is debuting small notifications that aren’t wedded to particular sites. The notifications, visually akin to those of the Slack desktop app, feature promotional offers from different brands. For users, it’s important to note, the Brave Rewards product is opt-in. “This is what we’re excited about because it doesn’t require publisher opt-in,” Brave CEO Brendan Eich told CoinDesk in an interview. “The main model for…