SEC Charges Shopin with Defrauding Investors In a $42 Million ICO

The U.S. Securities and Exchange Commission (SEC) has charged the cryptocurrency company Shopin, and its Chief Executive Eran Eyal, with defrauding a large number of investors in a $42 million Initial Coin Offering (ICO).According to the SEC’s announcement, the founder of Shopin was deceiving investors by selling unregistered securities in the form of Shopin...

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...