SEC Clears Blockstack to Hold First Regulated Token Offering

The Securities and Exchange Commission on Wednesday cleared blockchain startup Blockstack to sell bitcoin-like digital tokens. This is the first-of-its-kind offering that could mark the beginning of a new fundraising model for cryptocurrency businesses. The startup’s $28 million offering was approved by the SEC under Regulation A+. This is an alternative to an initial public...

Live Streaming Startup YouNow Files SEC Filing for Compliant Token Earning for App Users

Live streaming startup YouNow, which is behind the decentralized digital video ecosystem Props launched in 2017 and is backed by Union Square Ventures, filed a public offering with the United States Securities and Exchange Commission (SEC) for its Props token. This move comes after an increased regulatory control over Initial Token Offerings, resulting in...